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Costs Associated with LED Business Restructuring

6 Months Ended

Dec. 27, 2015

Restructuring and Related Activities [Abstract]

Restructuring and Related Activities Disclosure [Text Block]

Costs Associated with LED Business Restructuring

In June 2015, the Company’s Board of Directors approved a plan to restructure the LED Products business. The restructuring reduced excess capacity and overhead in order to improve the cost structure moving forward. The primary components of the restructuring include the planned sale or abandonment of certain manufacturing equipment, facility consolidation and the elimination of certain positions.

The following table summarizes the actual and planned charges incurred through December 27, 2015 (in thousands):

Capacity and Overhead Cost Reductions		Estimated charges				Amounts incurred during the three months ended December 27, 2015				Amounts incurred during the six months ended December 27, 2015				Cumulative amounts incurred through December 27, 2015				Affected Line Item in the Consolidated Statements of Income (Loss)
Loss on disposal or impairment of long-lived assets			$57,651				$1,641				$15,519				$57,651			Loss on disposal or impairment of long-lived assets
Severance expense		2,283				(36		)		264				2,283				Sales, general and administrative expenses
Lease termination and facility consolidation costs		4,762				1,198				2,933				4,762				Sales, general and administrative expenses
Increase in channel inventory reserves		26,479				—				—				26,479				Revenue, net
Increase in inventory reserves		11,091				—				—				11,091				Cost of revenue, net
Total restructuring charges			$102,266				$2,803				$18,716				$102,266

The following table presents the changes in the severance liability under the LED Products restructuring plan (in thousands):

Severance liability at June 28, 2015		$2,019
Severance expense	264
Severance payments	(2,283		)
Severance liability at December 27, 2015		$—

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- References

No definition available.

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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

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Staff Accounting Bulletin (SAB)
-Number Topic 5
-Section P
-Subsection 3, 4

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