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Restructuring Charge
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3 Months Ended | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Jun. 30, 2012
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| Restructuring Charge [Abstract] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Restructuring Charge |
In the three months ended June 30, 2012, the Company recognized additional restructuring expense of $92,000 in the Westell segment related to employee retention compensation and other relocation costs for the Noran Tel relocation, described in Note 1. The total cost of this action, including employee retention compensation and relocation costs is anticipated to be $450,000 of which $367,000 has been recognized as of June 30, 2012. The relocation is expected to be completed during the second quarter of fiscal year 2013. As of June 30, 2012, $44,000 of these costs had been paid leaving an unpaid balance of $317,000 which is presented on the Condensed Consolidated Balance Sheet within Accrued compensation.
In connection with the ConferencePlus sale, the Company retained a restructuring liability for personnel costs related to severance agreements with two former ConferencePlus executives. As of June 30, 2012, $460,000 was paid leaving an unpaid balance of $208,000 which is presented on the Condensed Consolidated Balance Sheets within Accrued compensation. As a result of the CNS asset sale in the three months ended June 30, 2011, 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 $397,000, offset by $122,000 which was reimbursed by NETGEAR, of which $245,000 was recorded in the three months ended June 30, 2011. As of March 31, 2012, all of these costs have been paid. Total restructuring charges and their utilization are summarized as follows:
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