Quantum Corporation Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

RESTRUCTURING CHARGES

RESTRUCTURING CHARGES

6 Months Ended

Sep. 30, 2012

Restructuring and Related Activities [Abstract]

Restructuring and Related Activities Disclosure [Text Block]

NOTE 7: RESTRUCTURING CHARGES

In fiscal 2012, restructuring actions to consolidate operations supporting the business were the result of strategic management decisions. We had no restructuring expense for the three or six months ending September 30, 2012. The types of restructuring expense for the three and six months ended September 30, 2011 were (in thousands):

	Three Months Ended				Six Months Ended
	September 30, 2012		September 30, 2011		September 30, 2012		September 30, 2011
By expense (benefit) type
Severance and benefits	$	—	$	554	$	—	$	375
Facilities		—		309		—		324
Other		—		—		—		(300	)
Total	$	—	$	863	$	—	$	399

During the second quarter and first six months of fiscal 2012, we accrued severance charges for various positions eliminated worldwide. Facility restructuring charges for both the second quarter and first six months of fiscal 2012 were due to estimated charges for a facility in India that we vacated in the second quarter of fiscal 2012. The other restructuring reversal for the first six months of fiscal 2012 was due to actual payments lower than estimated on a supplier relationship.

Accrued Restructuring

The following tables show the activity and the estimated timing of future payouts for accrued restructuring (in thousands):

	Three Months Ended September 30, 2012
	Severance and Benefits			Facilities			Total
Balance as of June 30, 2012	$	930		$	338		$	1,268
Cash payments		(253	)		(91	)		(344	)
Balance as of September 30, 2012	$	677		$	247		$	924

	Six Months Ended September 30, 2012
	Severance and Benefits			Facilities			Total
Balance as of March 31, 2012	$	1,312		$	440		$	1,752
Cash payments		(635	)		(193	)		(828	)
Balance as of September 30, 2012	$	677		$	247		$	924

	As of September 30, 2012
	Severance and Benefits			Facilities			Total
Estimated timing of future payouts:
Fiscal 2013	$	677		$	104		$	781
Fiscal 2014 to 2016		—			143			143
	$	677		$	247		$	924

- 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