Quarterly report pursuant to Section 13 or 15(d)

Restructuring Charge

Restructuring Charge

6 Months Ended

Sep. 30, 2011

Note 3. Restructuring Charge

In the first quarter of fiscal year 2012, as a result of the CNS asset sale, the Company initiated a cost reduction action that resulted in the termination of 12 employees in the CNS segment. The total cost of this restructuring action was approximately $277,000 of which $245,000 (net of $122,000 reimbursed by NETGEAR) and $32,000 was recorded in the first and second quarter of fiscal year 2012, respectively. As of September 30, 2011, $324,000 of these costs had been paid, leaving an unpaid balance of $75,000 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		399			—		399
Utilized		(324	)		—		(324	)

Liability at September 30, 2011	$	75		$	—	$	75

- 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