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Impairment, Restructuring and Other Charges

3 Months Ended

Sep. 30, 2022

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 three months ended September 30, 2022, we recognized $1.2 million in restructuring and other charges, which included $0.9 million in legal charges and $0.3 million for employee terminations.

During the three months ended September 30, 2021, we recognized $2.5 million in restructuring and other charges which included $2.2 million in legal charges net of insurance recoveries, $0.3 million for employee terminations, and an insignificant net benefit for facility closure and operational efficiency activities.

The following tables summarize impairment, restructuring and other charges (benefits), net for the periods set forth below (in thousands):


	Three Months Ended September 30, 2021
					Optoelectronics and
			Healthcare		Manufacturing
	Security Division		Division		Division		Corporate		Total
Employee termination costs	$	336	$	—	$	—	$	—	$	336
Facility closures/consolidation		(61)		—		—		—		(61)
Legal costs, net		—		—		—		2,235		2,235
Total	$	275	$	—	$	—	$	2,235	$	2,510


	Three Months Ended September 30, 2022
					Optoelectronics and
			Healthcare		Manufacturing
	Security Division		Division		Division		Corporate		Total
Acquisition-related costs	$	23	$	—	$	—	$	—	$	23
Employee termination costs		241		—		15		—		256
Legal costs, net		524		294		—		122		940
Total	$	788	$	294	$	15	$	122	$	1,219

The accrued liability for restructuring and other charges is included in other accrued expenses and current liabilities in the condensed consolidated balance sheets. The changes in the accrued liability for restructuring and other charges for the three-month period ended September 30, 2022 were as follows (in thousands):


					Facility
	Acquisition-		Employee		Closure /		Legal
	Related		Termination		Consolidation		Costs and
	Costs		Costs		Cost		Settlements		Total
Balance as of June 30, 2022	$	—	$	181	$	23	$	1,780	$	1,984
Restructuring and other charges, net		23		256		—		940		1,219
Payments, adjustments and reimbursements, net		(23)		(59)		(10)		(1,680)		(1,772)
Balance as of September 30, 2022	$	—	$	378	$	13	$	1,040	$	1,431