Restructuring Charges
 6 Months Ended
Jun. 26, 2011
Restructuring Charges  
Restructuring Charges

7. Restructuring Charges

For the Predecessor period from December 28, 2009 to May 10, 2010, as part of its ongoing strategic effort to reduce costs and conserve cash, the Company eliminated regular and contract positions globally, through consolidations, attrition, and a reduction in regular, contract and temporary workers in manufacturing, engineering, management and administrative support functions.

Restructuring charges for the three months ended March 28, 2010 was immaterial. For the period from March 29, 2010 through May 10, 2010, restructuring charges were as follows:

 

     Predecessor  
     Period from  
     March 29, 2010  
     to  
     May 10, 2010  
     (in thousands)  

Employee severance pay and benefits

    $ 437   

Professional fees

      99   

Relocation of property, plant and equipment

      78   

Utilities, deinstallation and tax expenses for Sub-micron Development Center (SDC) building

      564   

Others

      166   
  

 

 

  

Cash settled restructuring charges

      1,344   

Depreciation and write-off fixed assets

      759   

Gain recognized on sale of Suzhou plant

      (1,548 ) 

Gain from sale of fixed assets

      (3,340 ) 
  

 

 

  

Total restructuring charges (credits)

    $ (2,785 ) 
  

 

 

  

There were no restructuring charges in any Successor period.