15RESTRUCTURING

On July 11, 2012, the Company announced plans to restructure certain operations related to its Watercraft segment. Specifically, the Company restructured its product sales and distribution in Europe and consolidated all of its U.S. operations at a single location in Old Town, Maine. The Company believes this plan will enhance the competitiveness and profit potential of its Watercraft business. This action resulted in the closure of sales offices in the U.K. and France., the closure of a marketing and R&D facility in Bellingham, Washington and the elimination of approximately 24 positions in the U.S. and Europe. The related charges are included in the “Administrative management, finance and information systems” line in the Company’s Consolidated Statements of Operations in the Watercraft segment. The restructuring accrual is included in the “Other current liabilities” line in the Company’s Consolidated Balance Sheets. As a result of this action the Company increased its allowance for doubtful accounts by $60 and $450 in 2013 and 2012, respectively. The planned actions related to this restructuring were completed at the end of 2013 and the Company expects the total cost of this restructuring to be approximately $2,610. The remaining restructuring liabilities should be settled by the end of 2014.



		Employee Termination Costs		Contract Exit Costs		Other Exit Costs		Total
Accrued restructuring liabilities as of September 30, 2011	$	-	$	-	$	-	$	-
Activity during the period ended September 28, 2012:
Charges to earnings		574		282		162		1,018
Settlement payments		(146)		(282)		(62)		(490)
Accrued restructuring liabilities as of September 28, 2012		428		-		100		528
Activity during the period ended September 27, 2013:
Charges to earnings		766		315		508		1,589
Settlement payments		(1,110)		(96)		(405)		(1,611)
Accrued restructuring liabilities as of September 27, 2013	$	84	$	219	$	203	$	506