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Note 19 - Other Operating Expense, Net

3 Months Ended

Sep. 29, 2013

Other Operating Income Expense Disclosure [Abstract]

Other Operating Income Expense Disclosure [Text Block]

19. Other Operating Expense, Net

The components of Other operating expense, net consist of the following:

	For the Three Months Ended
	September 29, 2013			September 23, 2012
Operating expenses for Repreve Renewables	$	624		$	585
Net loss on sale or disposal of assets		41			22
Foreign currency transaction losses		94			16
Restructuring charges, net		896			—
Other, net		(31	)		(42	)
Other operating expense, net	$	1,624		$	581

Operating expenses for Repreve Renewables include amounts incurred for employee costs, land and equipment rental costs, operating supplies, product testing, and administrative costs. Operating expenses for Repreve Renewables also includes $80 and $46 of depreciation and amortization expenses for the three months ended September 29, 2013 and September 23, 2012, respectively.

The components of restructuring charges, net consist of the following:

	For the Three Months Ended
	September 29, 2013		September 23, 2012
Severance	$	666	$	—
Equipment relocation and reinstallation costs		230		—
Total restructuring charges, net	$	896	$	—

Severance

On May 14, 2013, the Company and one of its executive officers entered into a severance agreement that will provide severance and certain other benefits through November 30, 2014. On August 12, 2013, the Company and another of its executive officers entered into a severance agreement that will provide severance and certain other benefits through December 12, 2014. The table below presents changes to accrued severance for the three months ended September 29, 2013:

Balance

June 30, 2013

Charged to expense

Charged to other accounts

Payments

Adjustments

Balance

September 29, 2013

Accrued severance

1,186

666

225

(533

)

—

1,544

Equipment Relocation and Reinstallation Costs

During the first quarter of fiscal year 2014, the Company began the relocation of certain equipment within the Polyester Segment as follows

●

The Company began to dismantle and relocate certain polyester draw warping equipment from Monroe, North Carolina to a Burlington, North Carolina facility.

●

The Company also began to dismantle and relocate certain polyester texturing and twisting equipment between locations in North Carolina and El Salvador.

The costs incurred for the relocation of equipment were charged to restructuring expense as incurred.