Note 17 - Restructuring

3 Months Ended

Sep. 30, 2016

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 3 0 , 2016
Fiscal 201 7	Involuntary Employee Severance and Benefit Costs		Other		Total
Restructuring initiatives	$	23	$	283	$	306
Prior year initiatives		6		82		88
	$	29	$	365	$	394

	Three Months Ended
	September 3 0 , 201 5
Fiscal 201 6	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

201

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 2017 initiatives to date include optimization of our Engineering Technologies plants and reductions of personnel and plant movement at our China Electronics division.

	Involuntary Employee Severance and Benefit Costs			Other			Total
Restructuring liabilities at June 30, 2016	$	-		$	-		$	-
Additions and adjustments		23			262			285
Payments		(23	)		(192	)		(215	)
Restructuring liabilities at September 30, 2016	$	-		$	70		$	70

Prior Year Initiatives

The prior year initiatives yet to be completed include the movement of manufacturing from a legacy Canadian facility into the newly acquired Northlake facility, closure of a European facility within our Cooking division, and discontinuing of a product line at our Refrigeration group.

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, 2016	$	74		$	256		$	330
Additions and adjustments		48			(18	)		30
Payments		(90	)		(29	)		(119	)
Restructuring liabilities at September 30, 2016	$	32		$	209		$	241

The Company’s total restructuring expenses by segment are as follows (in thousands):

	Three Months Ended September 3 0 , 2016						Three Months Ended September 3 0 , 201 5
	Involuntary Employee Severance and Benefit Costs		Other		Total		Involuntary Employee Severance and Benefit Costs		Other		Total
Food Service Equipment	$	12	$	75	$	87	$	-	$	1,360	$	1,360
Engraving		6		-		6		2		-		2
Engineering Technologies		-		185		185		34		-		34
Electronics Products		11		98		109		35		88		123
Hydraulics		-		-		-		-		-		-
Corporate		-		7		7		-		-		-
	$	29	$	365	$	394	$	71	$	1,448	$	1,519

We incurred severance and other costs of $0.4 million and $1.5 million associated with these activities during the three months ended September 30, 2016 and 2015 respectively. Restructuring expense is expected to be $7.0 million for fiscal year 2017, of which $0.4 million was incurred for the three months ended September 30, 2016.