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Note 18 - Restructuring | 6 Months Ended
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Dec. 31, 2018
Notes to Financial Statements |
Restructuring and Related Activities Disclosure [Text Block] | 18 ) Restructuring The Company has undertaken cost reduction and facility consolidation initiatives that have resulted in severance, restructuring, and related charges. 2019 Restructuring Initiatives The Company continues to focus our efforts to reduce cost and improve productivity across our businesses, particularly through headcount reductions, facility closures, and consolidations. During the first quarter of fiscal year 2019, we incurred restructuring expenses related to third party assistance with analysis and implementation of these activities. Prior Year Restructuring Initiatives During the first two quarters of fiscal year 2018, we incurred restructuring expenses related to three restructuring programs, namely: ( 1 ) the realignment of management functions at the Food Service Equipment Group level; ( 2 ) headcount reduction and plant realignment with regard to the standard products businesses within Food Service Equipment; and ( 3 ) the exit of an unprofitable Engraving business in Brazil. A summary of charges by initiative is as follows (in thousands):
|  | Three Months Ended |  |  | Six Months Ended |
|  | December 31, 2018 |  |  | December 31, 2018 |
Fiscal 2019 |  | Involuntary Employee Severance and Benefit Costs |  |  | Other |  |  | Total |  |  | Involuntary Employee Severance and Benefit Costs |  |  | Other |  |  | Total |
Restructuring initiatives |  | $ | 297 |  |  | $ | (280 | ) |  | $ | 17 |  |  | $ | 297 |  |  | $ | 70 |  |  | $ | 367 |
Prior year initiatives |  |  | 40 |  |  |  | 120 |  |  |  | 160 |  |  |  | 125 |  |  |  | 132 |  |  |  | 257 |
|  | $ | 337 |  |  | $ | (160 | ) |  | $ | 177 |  |  | $ | 422 |  |  | $ | 202 |  |  | $ | 624 |
|  | Three Months Ended |  |  | Six Months Ended |
|  | December 31, 2017 |  |  | December 31, 2017 |
Fiscal 2018 |  | Involuntary Employee Severance and Benefit Costs |  |  | Other |  |  | Total |  |  | Involuntary Employee Severance and Benefit Costs |  |  | Other |  |  | Total |
Restructuring initiatives |  | $ | 142 |  |  | $ | 1,348 |  |  | $ | 1,490 |  |  | $ | 1,777 |  |  | $ | 1,895 |  |  | $ | 3,672 |
Prior year initiatives |  |  | 113 |  |  |  | 172 |  |  |  | 285 |  |  |  | 155 |  |  |  | 905 |  |  |  | 1,060 |
|  | $ | 255 |  |  | $ | 1,520 |  |  | $ | 1,775 |  |  | $ | 1,932 |  |  | $ | 2,800 |  |  | $ | 4,732 |
Activity in the reserve related to the initiatives is as follows (in thousands):
Current Year Initiatives |  | Involuntary Employee Severance and Benefit Costs |  |  | Other |  |  | Total |
Restructuring liabilities at June 30, 2018 |  | $ | - |  |  | $ | - |  |  | $ | - |
Additions and adjustments |  |  | 297 |  |  |  | 70 |  |  |  | 367 |
Payments |  |  | (201 | ) |  |  | (20 | ) |  |  | (221 | )
Restructuring liabilities at December 31, 2018 |  | $ | 96 |  |  | $ | 50 |  |  | $ | 146 |
Prior Year Initiatives |  | Involuntary Employee Severance and Benefit Costs |  |  | Other |  |  | Total |
Restructuring liabilities at June 30, 2018 |  | $ | 456 |  |  | $ | 25 |  |  | $ | 481 |
Additions and adjustments |  |  | 125 |  |  |  | 132 |  |  |  | 257 |
Payments |  |  | (428 | ) |  |  | (124 | ) |  |  | (552 | )
Restructuring liabilities at December 31, 2018 |  | $ | 153 |  |  | $ | 33 |  |  | $ | 186 |
The Company’s total restructuring expenses by segment are as follows (in thousands):
|  | Three Months Ended |  |  | Six Months Ended |
|  | December 31, 2018 |  |  | December 31, 2018 |
|  | Involuntary Employee Severance and Benefit Costs |  |  | Other |  |  | Total |  |  | Involuntary Employee Severance and Benefit Costs |  |  | Other |  |  | Total |
Food Service Equipment |  | $ | 255 |  |  | $ | 91 |  |  | $ | 346 |  |  | $ | 276 |  |  | $ | 91 |  |  | $ | 367 |
Engraving |  |  | 20 |  |  |  | - |  |  |  | 20 |  |  |  | 67 |  |  |  | - |  |  |  | 67 |
Engineering Technologies |  |  | - |  |  |  | 99 |  |  |  | 99 |  |  |  | 17 |  |  |  | 99 |  |  |  | 116 |
Electronics |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 12 |  |  |  | 12 |
Corporate |  |  | 62 |  |  |  | (350 | ) |  |  | (288 | ) |  |  | 62 |  |  |  | - |  |  |  | 62 |
|  | $ | 337 |  |  | $ | (160 | ) |  | $ | 177 |  |  | $ | 422 |  |  | $ | 202 |  |  | $ | 624 |
|  | Three Months Ended |  |  | Six Months Ended |
|  | December 31, 2017 |  |  | December 31, 2017 |
|  | Involuntary Employee Severance and Benefit Costs |  |  | Other |  |  | Total |  |  | Involuntary Employee Severance and Benefit Costs |  |  | Other |  |  | Total |
Food Service Equipment |  | $ | 100 |  |  | $ | 1,031 |  |  | $ | 1,131 |  |  | $ | 615 |  |  | $ | 1,456 |  |  | $ | 2,071 |
Engraving |  |  | 24 |  |  |  | 249 |  |  |  | 273 |  |  |  | 739 |  |  |  | 343 |  |  |  | 1,082 |
Engineering Technologies |  |  | 113 |  |  |  | 156 |  |  |  | 269 |  |  |  | 154 |  |  |  | 880 |  |  |  | 1,034 |
Electronics |  |  | - |  |  |  | 57 |  |  |  | 57 |  |  |  | 132 |  |  |  | 84 |  |  |  | 216 |
Corporate |  |  | 18 |  |  |  | 27 |  |  |  | 45 |  |  |  | 292 |  |  |  | 37 |  |  |  | 329 |
|  | $ | 255 |  |  | $ | 1,520 |  |  | $ | 1,775 |  |  | $ | 1,932 |  |  | $ | 2,800 |  |  | $ | 4,732 |
Restructuring expense is expected to be approximately $1.0 million for the remainder of fiscal year 2019.

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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://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 420 -URI http://asc.fasb.org/topic&trid=2175745 + Details
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