Quarterly report pursuant to Section 13 or 15(d)

Note 9. Restructuring charges

v2.4.0.6
Note 9. Restructuring charges
 6 Months Ended
Jul. 01, 2012
Restructuring and Related Activities Disclosure [Text Block]
9.        Restructuring charges

During the first quarter of 2012 the Company executed its 2012 Plan to combine the operations of the San Jose and ZF Array Technologies (“ZF Array”) facilities into one facility.  The Company recorded restructuring charges of $451, consisting of severance costs of $196 and facility exit costs of $255. Staff levels were reduced by approximately 16 full-time equivalents (“FTEs”).

The following table details the change in restructuring accrual for the six months ended July 1, 2012, relating to the 2011 Plan:

   
Severance
 
2011 Plan
     
Balance as at January 1, 2012
  $ 915  
Payments
    (409 )
Balance as at April 1, 2012
    506  
Payments
    (186 )
Balance as at July 1, 2012
  $ 320  

Remaining accrued amounts relating to the 2011 Plan consist of severance payments of $320 in Canada that are expected to be paid out by the end of fiscal 2012 through a drawdown on the revolving credit facilities.

The following table details the change in restructuring accrual for the six months ended July 1, 2012, relating to the 2012 Plan:

   
Severance
   
Facility exit costs
   
Total
 
2012 Plan
                 
Balance as at January 1, 2012
  $ —     $ —     $ —  
Charges
    196       255       451  
Payments
    (126 )     —       (126 )
Balance as at April 1, 2012
  $ 70     $ 255     $ 325  
Payments
    (70 )     —       (70 )
Balance as at July 1, 2012
  $ —     $ 255     $ 255  

Remaining accrued amounts relating to the 2012 Plan in the United States that are expected to be paid out by the end of fiscal 2012 through a drawdown on the revolving credit facilities.