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Note 17 - Restructuring | 3 Months Ended
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Sep. 30, 2015
Restructuring and Related Activities [Abstract] |
Restructuring and Related Activities Disclosure [Text Block] | 17) 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 |
|  | September 30, 2015 |
Fiscal 2016 |  | Involuntary Employee Severance and Benefit Costs |  |  | Other |  |  | Total |
Restructuring initiatives |  | $ | 34 |  |  | $ | 60 |  |  | $ | 94 |
Prior year initiatives |  |  | 37 |  |  |  | 1,388 |  |  |  | 1,425 |
|  | $ | 71 |  |  | $ | 1,448 |  |  | $ | 1,519 |
|  | Three Months Ended |
|  | September 30, 2014 |
Fiscal 2015 |  | Involuntary Employee Severance and Benefit Costs |  |  | Other |  |  | Total |
Restructuring initiatives |  | $ | 34 |  |  | $ | 3 |  |  | $ | 37 |
Prior year initiatives |  |  | 125 |  |  |  | 700 |  |  |  | 825 |
|  | $ | 159 |  |  | $ | 703 |  |  | $ | 862 |
2016 Restructuring Initiatives The Company continues to focus on our efforts to reduce cost and improve productivity across our businesses, particularly through headcount reductions and facility closures. The Company’s 2016 initiatives have commenced at the specialty solutions division of the Food Service Equipment group and at our U.K. based Engineering Technologies group.
|  | Involuntary Employee Severance and Benefit Costs |  |  | Other |  |  | Total |
Restructuring liabilities at July 1, 2015 |  | $ | - |  |  | $ | - |  |  | $ | - |
Additions and adjustments |  |  | 34 |  |  |  | 60 |  |  |  | 94 |
Payments |  |  | (34 | ) |  |  | (60 | ) |  |  | (94 | )
Restructuring liabilities at September 30, 2015 |  | $ | - |  |  | $ | - |  |  | $ | - |
Prior Year Initiatives The Company previously announced closure of our Food Service Equipment U.K. facility and entered into a distribution agreement with a U.K. based partner to reduce channel costs and enhance profitability, expand and strengthen, our U.K. Food Service Equipment group’s presence for all of our brands. 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, 2015 |  | $ | 82 |  |  | $ | 301 |  |  | $ | 383 |
Additions and adjustments |  |  | 39 |  |  |  | 1,388 |  |  |  | 1,427 |
Payments |  |  | (116 | ) |  |  | (1,464 | ) |  |  | (1,580 | )
Restructuring liabilities at September 30, 2015 |  | $ | 5 |  |  | $ | 225 |  |  | $ | 230 |
The Company’s total restructuring expenses by segment are as follows (in thousands):
|  | Three Months Ended |
|  | September 30, 2015 |
|  | Involuntary Employee Severance and Benefit Costs |  |  | Other |  |  | Total |
Food Service Equipment Group |  | $ | - |  |  | $ | 1,360 |  |  | $ | 1,360 |
Engraving Group |  |  | 2 |  |  |  | - |  |  |  | 2 |
Engineering Technologies Group |  |  | 34 |  |  |  | - |  |  |  | 34 |
Electronics Products Group |  |  | 35 |  |  |  | 88 |  |  |  | 123 |
|  | $ | 71 |  |  | $ | 1,448 |  |  | $ | 1,519 |
|  | Three Months Ended |
|  | September 30, 2014 |
|  | Involuntary Employee Severance and Benefit Costs |  |  | Other |  |  | Total |
Food Service Equipment Group |  | $ | 114 |  |  | $ | 561 |  |  | $ | 675 |
Engraving Group |  |  | 34 |  |  |  | 3 |  |  |  | 37 |
Electronics Products Group |  |  | 11 |  |  |  | 139 |  |  |  | 150 |
|  | $ | 159 |  |  | $ | 703 |  |  | $ | 862 |
We incurred severance and other costs of $1.5 million associated with these activities during the three months ended September 30, 2015, which includes $1.2 million of non-cash expenses to reduce the net book value of a closed facility to its net realizable value. Restructuring expense is expected to be $2.9 million for fiscal year 2016, of which $1.5 million was incurred for the period ending September 30, 2015.

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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 2 -Subparagraph (SAB TOPIC 5.P.4) -URI http://asc.fasb.org/extlink&oid=27011515&loc=d3e140904-122747 Reference 2: 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 3: 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 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Staff Accounting Bulletin (SAB) -Number Topic 5 -Section P -Subsection 3, 4 + Details
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