All restructuring activities detailed below were initiated prior to fiscal 2010. We undertook no restructuring actions during fiscal 2012, 2011, or 2010.
During fiscal 2012, we recorded net restructuring credits of $0.3 million comprised of a credit of $0.5 million related to changes in the estimates of future operating costs and sublease assumptions partially offset by $0.2 million of accretion charges.
During fiscal 2011, we recorded net restructuring credits of $0.2 million comprised of a credit of $0.6 million related to changes in the estimates of future operating costs and sublease assumptions partially offset by $0.4 million of accretion charges.
During fiscal 2010, we recorded $1.1 million in restructuring charges. Of this amount, $0.7 million related to changes in the estimates of future operating costs and sublease assumptions related to our restructuring programs and $0.4 million related to accretion charges.
The following activity was recorded for the indicated years (dollars in thousands):
| | | Closure/ Consolidation of Facilities and Contract Termination Costs | | | Employee Severance, Benefits, and Related Costs | | | Total | |
Accrued expenses, June 30, 2009 | | $ | 11,919 | | | $ | 299 | | | $ | 12,218 | |
Fiscal 2010 payments | | | (4,535 | ) | | | (297 | ) | | | (4,832 | ) |
Restructuring charge - accretion | | | 420 | | | | - | | | | 420 | |
Change in estimate - revised assumption | | | 710 | | | | (2 | ) | | | 708 | |
Accrued expenses, June 30, 2010 | | $ | 8,514 | | | $ | - | | | $ | 8,514 | |
Fiscal 2011 payments | | | (4,066 | ) | | | - | | | | (4,066 | ) |
Restructuring charge - accretion | | | 354 | | | | - | | | | 354 | |
Change in estimate - revised assumption | | | (601 | ) | | | - | | | | (601 | ) |
Accrued expenses, June 30, 2011 | | $ | 4,201 | | | $ | - | | | $ | 4,201 | |
Fiscal 2012 payments | | | (2,998 | ) | | | - | | | | (2,998 | ) |
Restructuring charge - accretion | | | 202 | | | | - | | | | 202 | |
Change in estimate - revised assumption | | | (503 | ) | | | - | | | | (503 | ) |
Accrued expenses, June 30, 2012 | | $ | 902 | | | $ | - | | | $ | 902 | |
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The accrued facility exit costs of $0.9 million are included in accrued expenses and other current liabilities on the accompanying consolidated balance sheets and are stated at estimated fair value, net of estimated sub-lease income of $1.4 million. We expect to pay the remaining obligations in connection with vacated facilities over the remaining lease terms, which will expire on various dates through 2017. Anticipated net cash payments to settle these liabilities amount to $0.9 million at June 30, 2012 and are expected to be made through fiscal 2017.
