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Note 17 - Restructuring | 9 Months Ended
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Mar. 31, 2016
Notes to Financial Statements |
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 |  |  | Nine Months Ended |
|  | March 31, 2016 |  |  | March 31, 2016 |
Fiscal 2016 |  | Involuntary Employee Severance and Benefit Costs |  |  | Other |  |  | Total |  |  | Involuntary Employee Severance and Benefit Costs |  |  | Other |  |  | Total |
Restructuring initiatives |  | $ | 236 |  |  | $ | 89 |  |  | $ | 325 |  |  | $ | 966 |  |  | $ | 256 |  |  | $ | 1,222 |
Prior year initiatives |  |  | - |  |  |  | 66 |  |  |  | 66 |  |  |  | 59 |  |  |  | 2,106 |  |  |  | 2,165 |
|  | $ | 236 |  |  | $ | 155 |  |  | $ | 391 |  |  | $ | 1,025 |  |  | $ | 2,362 |  |  | $ | 3,387 |
|  | Three Months Ended |  |  | Nine Months Ended |
|  | March 31, 2015 |  |  | March 31, 2015 |
Fiscal 2015 |  | Involuntary Employee Severance and Benefit Costs |  |  | Other |  |  | Total |  |  | Involuntary Employee Severance and Benefit Costs |  |  | Other |  |  | Total |
Restructuring initiatives |  | $ | 243 |  |  | $ | 155 |  |  | $ | 398 |  |  | $ | 576 |  |  | $ | 953 |  |  | $ | 1,529 |
Prior year initiatives |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 125 |  |  |  | 700 |  |  |  | 825 |
|  | $ | 243 |  |  | $ | 155 |  |  | $ | 398 |  |  | $ | 701 |  |  | $ | 1,653 |  |  | $ | 2,354 |
2016 Restructuring Initiatives The Company continues to focus on our efforts to reduce cost and improve productivity across our businesses, particularly through headcount reductions, facility closures, and consolidations. The Company’s 2016 initiatives to date include the movement of manufacturing from a legacy Canadian facility into our newly acquired Northlake facility and a reduction of personnel in those locations impacted by the slowdown in the oil and gas market.
|  | Involuntary Employee Severance and Benefit Costs |  |  | Other |  |  | Total |
Restructuring liabilities at July 1, 2015 |  | $ | - |  |  | $ | - |  |  | $ | - |
Additions and adjustments |  |  | 968 |  |  |  | 344 |  |  |  | 1,312 |
Payments |  |  | (792 | ) |  |  | (344 | ) |  |  | (1,136 | )
Restructuring liabilities at March 31, 2016 |  | $ | 176 |  |  | $ | - |  |  | $ | 176 |
Prior Year Initiatives The Company previously announced the closure of our Food Service Equipment U.K. facility and entered into a distribution agreement with a U.K. based partner in order 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 July 1, 2015 |  | $ | 82 |  |  | $ | 301 |  |  | $ | 383 |
Additions and adjustments |  |  | 60 |  |  |  | 267 |  |  |  | 327 |
Payments |  |  | (137 | ) |  |  | (377 | ) |  |  | (514 | )
Restructuring liabilities at March 31, 2016 |  | $ | 5 |  |  | $ | 191 |  |  | $ | 196 |
The Company’s total restructuring expenses by segment are as follows (in thousands):
|  | Three Months Ended |  |  | Nine Months Ended |
|  | March 31, 2016 |  |  | March 31, 2016 |
|  | Involuntary Employee Severance and Benefit Costs |  |  | Other |  |  | Total |  |  | Involuntary Employee Severance and Benefit Costs |  |  | Other |  |  | Total |
Food Service Equipment Group |  | $ | 77 |  |  | $ | 93 |  |  | $ | 170 |  |  | $ | 99 |  |  | $ | 2,197 |  |  | $ | 2,296 |
Engraving Group |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 35 |  |  |  | - |  |  |  | 35 |
Engineering Technologies Group |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 160 |  |  |  | - |  |  |  | 160 |
Electronics Products Group |  |  | 159 |  |  |  | 56 |  |  |  | 215 |  |  |  | 603 |  |  |  | 159 |  |  |  | 762 |
Corporate |  |  | - |  |  |  | 6 |  |  |  | 6 |  |  |  | 128 |  |  |  | 6 |  |  |  | 134 |
|  | $ | 236 |  |  | $ | 155 |  |  | $ | 391 |  |  | $ | 1,025 |  |  | $ | 2,362 |  |  | $ | 3,387 |
|  | Three Months Ended |  |  | Nine Months Ended |
|  | March 31, 201 5 |  |  | March 31, 201 5 |
|  | Involuntary Employee Severance and Benefit Costs |  |  | Other |  |  | Total |  |  | Involuntary Employee Severance and Benefit Costs |  |  | Other |  |  | Total |
Food Service Equipment Group |  | $ | 52 |  |  | $ | 134 |  |  | $ | 186 |  |  | $ | 219 |  |  | $ | 1,431 |  |  | $ | 1,650 |
Engraving Group |  |  | 18 |  |  |  | (3 | ) |  |  | 15 |  |  |  | 79 |  |  |  | - |  |  |  | 79 |
Engineering Technologies Group |  |  | 55 |  |  |  | - |  |  |  | 55 |  |  |  | 55 |  |  |  | - |  |  |  | 55 |
Electronics Products Group |  |  | 118 |  |  |  | 24 |  |  |  | 142 |  |  |  | 348 |  |  |  | 222 |  |  |  | 570 |
|  | $ | 243 |  |  | $ | 155 |  |  | $ | 398 |  |  | $ | 701 |  |  | $ | 1,653 |  |  | $ | 2,354 |
We incurred severance and other costs of $0.4 million and $3.4 million associated with these activities during the three and nine months ended March 31, 2016, respectively, which includes $0.5 million and $1.7 million, respectively, 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 $3.7 million for fiscal year 2016, of which $3.4 million was incurred for the nine months ended March 31, 2016.

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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 + Details
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