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Note 16 - Restructuring | 9 Months Ended
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Mar. 31, 2014
Restructuring and Related Activities [Abstract] |
Restructuring and Related Activities Disclosure [Text Block] | 16) Restructuring The Company has undertaken cost reduction and facility consolidation initiatives that have resulted in severance, restructuring, and related charges. A summary of charges by initiative is as follows (in thousands):
|  | Three Months Ended |  |  | Nine Months Ended |
|  | March 31, 2014 |  |  | March 31, 2014 |
|  | Involuntary Employee Severance and Benefit Costs |  |  | Other |  |  | Total |  |  | Involuntary Employee Severance and Benefit Costs |  |  | Other |  |  | Total |
2014 Restructuring initiatives |  | $ | 637 |  |  | $ | 744 |  |  | $ | 1,381 |  |  | $ | 1,172 |  |  | $ | 4,587 |  |  | $ | 5,759 |
Prior year initiatives |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 72 |  |  |  | - |  |  |  | 72 |
|  | $ | 637 |  |  | $ | 744 |  |  | $ | 1,381 |  |  | $ | 1,244 |  |  | $ | 4,587 |  |  | $ | 5,831 |
|  | Three Months Ended |  |  | Nine Months Ended |
|  | March 31, 2013 |  |  | March 31, 2013 |
|  | Involuntary Employee Severance and Benefit Costs |  |  | Other |  |  | Total |  |  | Involuntary Employee Severance and Benefit Costs |  |  | Other |  |  | Total |
Prior year initiatives |  | $ | 404 |  |  | $ | 671 |  |  | $ | 1,075 |  |  | $ | 1,004 |  |  | $ | 1,291 |  |  | $ | 2,295 |
2014 Restructuring Initiatives On August 23, 2013 the Company announced a consolidation of its Cheyenne, Wyoming plant into its Mexico facility and other cooking solutions operations in North America. The Company expects to record a pre-tax restructuring charge related to the Food Service Equipment segment during fiscal 2014 in the range of $7.5 to $8.0 million, which includes a non-cash charge of $3.3 million related to the impairment of long-lived assets recorded during the first quarter of fiscal year 2014. Activity in the reserves related to fiscal year 2014 restructuring initiatives is as follows (in thousands):
|  | Involuntary Employee Severance and Benefit Costs |  |  | Other |  |  | Total |
Restructuring liabilities at June 30, 2013 |  | $ | - |  |  | $ | - |  |  | $ | - |
Additions and adjustments |  |  | 1,172 |  |  |  | 1,245 |  |  |  | 2,417 |
Payments |  |  | (759 | ) |  |  | (1,245 | ) |  |  | (2,004 | )
Restructuring liabilities at March 31, 2014 |  | $ | 413 |  |  | $ | - |  |  | $ | 413 |
Prior Year Initiatives Activity in the reserve related to the prior year restructuring initiatives is as follows (in thousands):
|  | Involuntary Employee Severance and Benefit Costs |  |  | Other |  |  | Total |
Restructuring liabilities at June 30, 2013 |  | $ | 10 |  |  | $ | - |  |  | $ | 10 |
Additions and adjustments |  |  | 72 |  |  |  | - |  |  |  | 72 |
Payments |  |  | (82 | ) |  |  | - |  |  |  | (82 | )
Restructuring liabilities at March 31, 2014 |  | $ | - |  |  | $ | - |  |  | $ | - |
The Company’s total restructuring expenses by segment are as follows (in thousands):
|  | Three Months Ended |  |  | Nine Months Ended |
|  | March 31, 2014 |  |  | March 31, 2014 |
|  | Involuntary Employee Severance and Benefit Costs |  |  | Other |  |  | Total |  |  | Involuntary Employee Severance and Benefit Costs |  |  | Other |  |  | Total |
Food Service Equipment Group |  | $ | 178 |  |  | $ | 722 |  |  | $ | 900 |  |  | $ | 452 |  |  |  | 4,518 |  |  | $ | 4,970 |
Engraving Technologies Group |  |  | 460 |  |  | $ | 21 |  |  |  | 481 |  |  |  | 606 |  |  |  | 20 |  |  |  | 626 |
Electronics Products Group |  |  | - |  |  | $ | - |  |  |  | - |  |  |  | 187 |  |  |  | 48 |  |  |  | 235 |
|  | $ | 638 |  |  | $ | 743 |  |  | $ | 1,381 |  |  | $ | 1,245 |  |  | $ | 4,586 |  |  | $ | 5,831 |
|  | Three Months Ended |  |  | Nine Months Ended |
|  | March 31, 2013 |  |  | March 31, 2013 |
|  | Involuntary Employee Severance and Benefit Costs |  |  | Other |  |  | Total |  |  | Involuntary Employee Severance and Benefit Costs |  |  | Other |  |  | Total |
Food Service Equipment Group |  | $ | 52 |  |  | $ | 2 |  |  | $ | 54 |  |  | $ | 180 |  |  | $ | 24 |  |  | $ | 204 |
Engineering Technologies Group |  |  | 44 |  |  | $ | - |  |  |  | 44 |  |  |  | 44 |  |  |  | - |  |  |  | 44 |
Engraving Technologies Group |  |  | 181 |  |  | $ | 649 |  |  |  | 830 |  |  |  | 653 |  |  |  | 1,235 |  |  |  | 1,888 |
Electronics Products Group |  |  | 127 |  |  | $ | 20 |  |  |  | 147 |  |  |  | 127 |  |  |  | 32 |  |  |  | 159 |
|  | $ | 404 |  |  | $ | 671 |  |  | $ | 1,075 |  |  | $ | 1,004 |  |  | $ | 1,291 |  |  | $ | 2,295 |

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- Definition The entire disclosure for restructuring and related activities. Description of restructuring activities such as exit and disposal activities, include facts and circumstances leading to the plan, the expected plan completion date, the major types of costs associated with the plan activities, total expected costs, the accrual balance at the end of the period, and the periods over which the remaining accrual will be settled. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 420 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SAB TOPIC 5.P.3) -URI http://asc.fasb.org/extlink&oid=27011515&loc=d3e140864-122747 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Staff Accounting Bulletin (SAB) -Number Topic 5 -Section P -Subsection 3, 4 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 420 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SAB TOPIC 5.P.4) -URI http://asc.fasb.org/extlink&oid=27011515&loc=d3e140904-122747 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 420 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6394359&loc=d3e17939-110869 + Details
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