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Restructuring (Tables) | 12 Months Ended
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Dec. 31, 2023
Restructuring and Related Activities [Abstract] |
Schedule of Restructuring Reserve by Type of Cost | The Company’s restructuring expenses are comprised of the following (in millions):
Successor
| Year Ended December 31, 2023
| Cost of revenue |  | Selling, general and administrative |  | Total
Severance and employee costs | $ | 0.1 |  |  | $ | 1.1 |  |  | $ | 1.2 |
Other(1) | — |  |  | 0.4 |  |  | 0.4 |
Total | $ | 0.1 |  |  | $ | 1.5 |  |  | $ | 1.6 |
| Year Ended December 31, 2022
(in millions) | Cost of revenue |  | Selling, general and administrative |  | Total
Severance and employee costs | $ | 0.3 |  |  | $ | 1.5 |  |  | $ | 1.8 |
Other(1) | 0.5 |  |  | 3.7 |  |  | 4.2 |
Total | $ | 0.8 |  |  | $ | 5.2 |  |  | $ | 6.0 |
| From October 20, 2021 through December, 31, 2021
(in millions) | Cost of revenues |  | Selling, general and administrative |  | Total
Severance and employee costs | $ | 0.1 |  |  | $ | 0.1 |  |  | $ | 0.2 |
Other(1) | — |  |  | 1.2 |  |  | 1.2 |
Total | $ | 0.1 |  |  | $ | 1.3 |  |  | $ | 1.4 |
Predecessor
| From July 1, 2021 through October 19, 2021
(in millions) | Cost of revenues |  | Selling, general and administrative |  | Total
Severance and employee costs | $ | — |  |  | $ | 1.1 |  |  | $ | 1.1 |
Other(1) | 0.1 |  |  | 0.3 |  |  | 0.4 |
Total | $ | 0.1 |  |  | $ | 1.4 |  |  | $ | 1.5 |
| For the year ended June 30, 2021
(in millions) | Cost of revenues |  | Selling, general and administrative |  | Total
Severance and employee costs | $ | 2.4 |  |  | $ | 1.6 |  |  | $ | 4.0 |
Other(1) | 0.7 |  |  | 0.8 |  |  | 1.5 |
Total | $ | 3.1 |  |  | $ | 2.4 |  |  | $ | 5.5 |
(1) Includes facilities, inventory write-downs, outside services, legal matters, and IT costs.
Schedule of Restructuring and Related Costs | The following table summarizes restructuring expenses for each reportable segment (in millions):
| Successor |  |  | Predecessor
| Fiscal Year Ended December 31, 2023 |  | Fiscal Year Ended December 31, 2022 |  | From October 20, 2021 through December 31, 2021 |  |  | From July 1, 2021 through October 19, 2021 |  | Fiscal Year Ended June 30, 2021
Restructuring expenses: |  |  |  |  |  |  |  |  |  |
Medical | $ | 0.3 |  |  | $ | 3.4 |  |  | $ | 0.8 |  |  |  | $ | 1.4 |  |  | $ | 2.1 |
Technologies | 0.2 |  |  | 1.8 |  |  | 0.6 |  |  |  | 0.1 |  |  | 2.7 |
Corporate and other | 1.1 |  |  | 0.8 |  |  | — |  |  |  | — |  |  | 0.7 |
Total | $ | 1.6 |  |  | $ | 6.0 |  |  | $ | 1.4 |  |  |  | $ | 1.5 |  |  | $ | 5.5 |
The following table summarizes the changes in the Company’s accrued restructuring balance, which are included in Accrued expenses and other current liabilities in the accompanying Condensed Consolidated Balance Sheets (in millions).
Balance at December 31, 2022 | $ | 1.5 |
Restructuring charges | 1.6 |
Payments | (3.0) |
Adjustments | (0.1) |
Balance at December 31, 2023 | $ | — |

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- Definition Tabular disclosure of costs incurred for restructuring including, but not limited to, exit and disposal activities, remediation, implementation, integration, asset impairment, and charges against earnings from the write-down of assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 420 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SAB TOPIC 5.P.3) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479823/420-10-S99-1 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 420 -SubTopic 10 -Section 50 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482017/420-10-50-1 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 420 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SAB TOPIC 5.P.4) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479823/420-10-S99-2 + Details
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- Definition Tabular disclosure of an entity's restructuring reserve that occurred during the period associated with the exit from or disposal of business activities or restructurings for each major type of cost. This element may also include a description of any reversal and other adjustment made during the period to the amount of an accrued liability for restructuring activities. This element may be used to encapsulate the roll forward presentations of an entity's restructuring reserve by type of cost and in total, and explanation of changes that occurred in the period. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 420 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (b)(2) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482017/420-10-50-1 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 420 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SAB Topic 5.P.4(b)(2)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479823/420-10-S99-2 + Details
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