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Note 12. Restructuring and Others
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| Restructuring and Related Activities Disclosure [Text Block] |
12.
Restructuring and Others
Fiscal
2011 Restructuring Plan
Beginning
in the fourth quarter of fiscal 2011, the Company initiated a
restructuring plan as part of a company-wide cost saving
initiative aimed at reducing operating costs in light of
global economic challenges and rapid changes in the China
wireless and handset market. In the interest of reducing
costs and improving efficiencies, the Company announced
reduction of headcount in several locations and the closure
of its assembly, test, mark and pack facility in Kuala
Lumpur, Malaysia (the KL facility), which was completed in
the first quarter of fiscal 2012. Total costs incurred under
the fiscal 2011 restructuring plan were $22.6 million.
Fiscal
2009/10 Restructuring Plan
In
fiscal 2009 and 2010, the Company implemented certain
restructuring measures including workforce reductions and the
sale of its plant in Suzhou, China. The Company incurred
restructuring expenses related to employee termination
benefits and fixed asset relocation, depreciation and
disposal. During the first quarter of fiscal 2012, there was
a restructuring credit of $0.8 million as a result of the
Company having prevailed in a labor-related lawsuit in
conjunction with the 2009 restructuring activities in
Thailand. Total costs incurred under the 2009/10
Restructuring Plan were $43.2 million.
Summary
of Restructuring Plans
The
following tables present a summary of restructuring
activities related to all of the Company’s
restructuring plans described above:
(1) Non-cash
adjustments relate to asset impairment charges and
foreign currency translations.
The Company
does not expect to incur further restructuring charges
under the 2011 and 2009/10 Restructuring
Plans.
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