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Subsequent Events - Restructuring
3 Months Ended
Sep. 30, 2013
Subsequent Events - Restructuring  
Subsequent Events - Restructuring

Note 12 — Subsequent Event  — Restructuring

 

During the second quarter of fiscal 2014, the Company undertook an initiative refocusing its business to GARP® development that will result in adjustment of its workforce towards a lesser emphasis on engineering and greater emphasis on sales and marketing. Accordingly, the Company expects to accrue a restructuring charge in the second quarter ended December 31, 2013 based on agreements with terminated employees covering salary and benefit continuation in exchange for non-compete clauses that are yet to be determined.