SG&A expenses for the fourth quarter of fiscal 2012 were $29.1 million, compared to $21.4 million in the same quarter of fiscal 2011. The increase was primarily due to $2.1 million of higher costs related to severance expenses, $4.6 million of expenses related to the restatement process, review of strategic alternatives and other activities, and a $0.6 million increase related to investments in sales and marketing.Restructuring expenses for the fourth quarter of 2012 were $1.6 million related to cost reduction actions, compared with a credit of $0.4 million in the fourth quarter of fiscal 2011 related to a recovery of costs associated with a facility that had been restructured in a previous year.
Moduslink Global Solutions Concludes Restatement Process
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