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Note 17 - Restructuring | 6 Months Ended
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Dec. 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 |  |  | Six Months Ended |
|  | December 31, 201 6 |  |  | December 31, 2016 |
Fiscal 201 7 |  | Involuntary Employee Severance and Benefit Costs |  |  | Other |  |  | Total |  |  | Involuntary Employee Severance and Benefit Costs |  |  | Other |  |  | Total |
Restructuring initiatives |  | $ | 1,117 |  |  | $ | 492 |  |  | $ | 1,609 |  |  | $ | 1,146 |  |  | $ | 828 |  |  | $ | 1,974 |
Prior year initiatives |  |  | - |  |  |  | 55 |  |  |  | 55 |  |  |  | - |  |  |  | 84 |  |  |  | 84 |
|  | $ | 1,117 |  |  | $ | 547 |  |  | $ | 1,664 |  |  | $ | 1,146 |  |  | $ | 912 |  |  | $ | 2,058 |
|  | Three Months Ended |  |  | Six Months Ended |
|  | December 31, 201 5 |  |  | December 31, 201 5 |
Fiscal 201 6 |  | Involuntary Employee Severance and Benefit Costs |  |  | Other |  |  | Total |  |  | Involuntary Employee Severance and Benefit Costs |  |  | Other |  |  | Total |
Restructuring initiatives |  | $ | 696 |  |  | $ | 107 |  |  | $ | 803 |  |  | $ | 730 |  |  | $ | 167 |  |  | $ | 897 |
Prior year initiatives |  |  | 22 |  |  |  | 652 |  |  |  | 674 |  |  |  | 59 |  |  |  | 2,040 |  |  |  | 2,099 |
|  | $ | 718 |  |  | $ | 759 |  |  | $ | 1,477 |  |  | $ | 789 |  |  | $ | 2,207 |  |  | $ | 2,996 |
201 7 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 a reduction of employees in our Food Service Equipment Group in response to the reduced sales volume from our larger customers 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 |  |  | 246 |  |  |  | 1,678 |  |  |  | 1,924 |
Payments |  |  | (83 | ) |  |  | (1,294 | ) |  |  | (1,377 | )
Restructuring liabilities at December 31, 2016 |  | $ | 163 |  |  | $ | 384 |  |  | $ | 547 |
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 |  |  | 49 |  |  |  | 8 |  |  |  | 57 |
Payments |  |  | (106 | ) |  |  | (124 | ) |  |  | (230 | )
Restructuring liabilities at December 31, 2016 |  | $ | 17 |  |  | $ | 140 |  |  | $ | 157 |
The Company’s total restructuring expenses by segment are as follows (in thousands):
|  | Three Months Ended |  |  | Six Months Ended |
|  | December 31, 201 6 |  |  | December 31, 2016 |
|  | Involuntary Employee Severance and Benefit Costs |  |  | Other |  |  | Total |  |  | Involuntary Employee Severance and Benefit Costs |  |  | Other |  |  | Total |
Food Service Equipment |  | $ | 1,117 |  |  | $ | 3 |  |  | $ | 1,120 |  |  | $ | 1,129 |  |  | $ | 78 |  |  | $ | 1,207 |
Engraving |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 6 |  |  |  | - |  |  |  | 6 |
Engineering Technologies |  |  | - |  |  |  | 249 |  |  |  | 249 |  |  |  | - |  |  |  | 433 |  |  |  | 433 |
Electronics |  |  | - |  |  |  | 272 |  |  |  | 272 |  |  |  | 11 |  |  |  | 370 |  |  |  | 381 |
Corporate |  |  | - |  |  |  | 23 |  |  |  | 23 |  |  |  | - |  |  |  | 31 |  |  |  | 31 |
|  | $ | 1,117 |  |  | $ | 547 |  |  | $ | 1,664 |  |  | $ | 1,146 |  |  | $ | 912 |  |  | $ | 2,058 |
|  | Three Months Ended |  |  | Six Months Ended |
|  | December 31, 201 5 |  |  | December 31, 2015 |
|  | Involuntary Employee Severance and Benefit Costs |  |  | Other |  |  | Total |  |  | Involuntary Employee Severance and Benefit Costs |  |  | Other |  |  | Total |
Food Service Equipment |  | $ | 22 |  |  | $ | 744 |  |  | $ | 766 |  |  | $ | 22 |  |  | $ | 2,104 |  |  | $ | 2,126 |
Engraving |  |  | 33 |  |  |  | - |  |  |  | 33 |  |  |  | 35 |  |  |  | - |  |  |  | 35 |
Engineering Technologies |  |  | 126 |  |  |  | - |  |  |  | 126 |  |  |  | 160 |  |  |  | - |  |  |  | 160 |
Electronics |  |  | 409 |  |  |  | 15 |  |  |  | 424 |  |  |  | 444 |  |  |  | 103 |  |  |  | 547 |
Corporate |  |  | 128 |  |  |  | - |  |  |  | 128 |  |  |  | 128 |  |  |  | - |  |  |  | 128 |
|  | $ | 718 |  |  | $ | 759 |  |  | $ | 1,477 |  |  | $ | 789 |  |  | $ | 2,207 |  |  | $ | 2,996 |
Restructuring expense is expected to be $6.7 million for the fiscal year 2017, of which $2.1 million was incurred for the six months ended December 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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