Quarterly report pursuant to Section 13 or 15(d)

Restructuring Charge

Restructuring Charge

3 Months Ended

Jun. 30, 2011

Note 3. Restructuring Charge

In the first quarter of fiscal year 2012, as a result of the sale of certain assets and liabilities of the CNS segment to NETGEAR, the Company initiated a cost reduction action that will result in the termination of approximately 12 employees in the CNS segment. The total cost of this restructuring action is anticipated to be approximately $280,000 of which $245,000 (net of the $122,000 reimbursed by NETGEAR) was recorded in the first quarter of fiscal year 2012. As of June 30, 2011, $42,000 of these costs has been paid, leaving an unpaid balance of $325,000 which is presented on the Condensed Consolidated Balance Sheets within Accrued expenses.

Total restructuring charges and their utilization are summarized as follows:


(in thousands)	Employee -related			Other costs		Total
Liability at March 31, 2011	$	—		$	—	$	—
Charged		367			—		367
Utilized		(42	)		—		(42	)

Liability at June 30, 2011	$	325		$	—	$	325

- 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 + Details