Quarterly report pursuant to Section 13 or 15(d)

Restructuring Charge

Restructuring Charge

3 Months Ended

Jun. 30, 2014

Kentrox Restructuring

In the first quarter of fiscal year 2014, the Company acquired Kentrox and identified redundant employees who exited the business after a period of time. The Company recognized restructuring expense of $57,000 and $66,000 in the three months ended June 30, 2014 and 2013, respectively, for severance for these transitional employees. The total cost of this action was approximately $392,000.

As of June 30, 2014 and March 31, 2014, the unpaid restructuring accrual balance of $40,000 and $57,000, respectively, is presented on the Condensed Consolidated Balance Sheets within Accrued compensation.

Total restructuring charges and their utilization for the three months ended June 30, 2014 and 2013 are summarized as follows:



	Three months ended June 30, 2014			Three months ended June 30, 2013
(in thousands)	Employee-related			Employee-related
Liability at beginning of period	$	57		$	6
Charged	57			66
Paid	(74		)	(6		)
Liability at end of period	$	40		$	66

- 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.

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