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Impairment, Restructuring and Other Charges | 3 Months Ended
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Sep. 30, 2020
Impairment, Restructuring and Other Charges |
Impairment, Restructuring and Other Charges | 7. Impairment, Restructuring and Other Charges ​ We endeavor to align our global capacity and infrastructure with demand by our customers as well as fully integrate acquisitions and thereby improve operational efficiency. ​ During the quarter ended September 30, 2019, we recognized a net benefit of $2.1 million primarily related to reimbursements from our insurance carriers for covered legal charges, partially offset by additional legal fees related to class action litigation and government investigations. ​ During the three months ended September 30, 2020, we commenced exit activities associated with an expired turnkey contract in Mexico whereby we incurred non-recurring charges totaling $6.9 million comprised of exit costs of $2.5 million for employee terminations, facility closure and other exit costs of $1.1 million, direct transaction costs of $2.7 million and impairment of a right-of-use asset of $0.6 million. We also conducted other operational efficiency activites which resulted in employee termination costs of $1.4 million and other costs of $0.1 million. The following tables summarize impairment, restructuring and other charges (benefit), net for the periods set forth below (in thousands): ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Three Months Ended September 30, 2019
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | Optoelectronics and | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | Healthcare | ​ | Manufacturing | ​ | ​ | ​ | ​ | ​ | ​
​ |  | Security Division |  | Division |  | Division |  | Corporate |  | Total
Employee termination costs (benefit) | ​ | $ | — | ​ | $ | — | ​ | $ | (13) | ​ | $ | 71 | ​ | $ | 58
Legal recoveries, net | ​ |  | — | ​ |  | — | ​ |  | — | ​ |  | (2,157) | ​ |  | (2,157)
​ | ​ | $ | — | ​ | $ | — | ​ | $ | (13) | ​ | $ | (2,086) | ​ | $ | (2,099)
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Three Months Ended September 30, 2020
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | Optoelectronics and | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | Healthcare | ​ | Manufacturing | ​ | ​ | ​ | ​ | ​ | ​
​ |  | Security Division |  | Division |  | Division |  | Corporate |  | Total
Impairment charges | ​ | $ | 552 | ​ | $ | — | ​ | $ | — | ​ | $ | — | ​ | $ | 552
Employee termination costs | ​ | ​ | 3,737 | ​ | ​ | — | ​ | ​ | 146 | ​ | ​ | — | ​ | ​ | 3,883
Mexico transaction costs | ​ | ​ | 2,692 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 2,692
Facility closures/consolidation | ​ | ​ | 1,272 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 1,272
Legal recoveries, net | ​ |  | — | ​ |  | — | ​ |  | — | ​ |  | (40) | ​ |  | (40)
Total expensed | ​ | $ | 8,253 | ​ | $ | — | ​ | $ | 146 | ​ | $ | (40) | ​ | $ | 8,359
​ The changes in the accrued liability for restructuring and other charges for the three-month period ended September 30, 2020 were as follows (in thousands): ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | Facility | ​ | ​ | ​ | ​ | ​
​ | ​ | Employee | ​ | Closure/ | ​ | ​ | ​ | ​ | ​
​ | ​ | Termination | ​ | Consolidation | ​ | Legal Costs and | ​ | ​ | ​
​ |  | Costs |  | Cost |  | Settlements |  | Total
Balance as of June 30, 2020 | ​ | $ | 545 | ​ | $ | 201 | ​ | $ | 1,882 | ​ | $ | 2,628
Restructuring and other charges (benefit), net | ​ |  | 3,883 | ​ |  | 1,272 | ​ |  | (40) | ​ |  | 5,115
Payments, adjustments and reimbursements, net | ​ |  | (4,128) | ​ |  | (1,473) | ​ |  | (3) | ​ |  | (5,604)
Balance as of September 30, 2020 | ​ | $ | 300 | ​ | $ | — | ​ | $ | 1,839 | ​ | $ | 2,139
​

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- Definition The entire disclosure for impairment, restructuring and related activities. Description of impairment costs and 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 No definition available. + Details
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- References No definition available. + Details
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