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Impairment, Restructuring and Other Charges | 9 Months Ended
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Mar. 31, 2023
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 March 31, 2023, we recognized $0.9 million in restructuring and other charges, which included $0.5 million for employee terminations, $0.3 million in legal charges primarily related to government investigations, and $0.1 million in acquisition-related costs and facility closure costs. During the three months ended March 31, 2022, we recognized $1.5 million in restructuring and other charges, which included $0.8 million in legal charges primarily related to class action litigation and government investigations, $0.4 million for employee terminations , and $0.3 million in acquisition related costs. ​ During the nine months ended March 31, 2023, we recognized $4.4 million in restructuring and other charges, which included $3.2 million in legal charges primarily related to class action litigation and government investigations, $1.0 million for employee terminations, and $0.2 million in acquisition-related costs and facility closure costs. During the nine months ended March 31, 2022, we recognized $4.8 million in restructuring and other charges, which included $3.5 million in legal charges primarily related to class action litigation and government investigations, $1.0 million in employee terminations and $0.3 million in acquisition related costs. The following tables summarize impairment, restructuring and other charges (benefits), net for the periods set forth below (in thousands): ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Three Months Ended March 31, 2022
​ |  | ​ | ​ |  | ​ | ​ |  | Optoelectronics and |  | ​ | ​ |  | ​ | ​
​ | ​ | ​ | ​ | ​ | Healthcare | ​ | Manufacturing | ​ | ​ | ​ | ​ | ​ | ​
​ |  | Security Division |  | Division |  | Division |  | Corporate |  | Total
Acquisition-related costs | ​ | $ | 221 | ​ | $ | — | ​ | $ | — | ​ | $ | 56 | ​ | $ | 277
Employee termination costs | ​ | ​ | 409 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 409
Facility closures/consolidation | ​ | ​ | 3 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 3
Legal costs, net | ​ |  | — | ​ |  | — | ​ |  | — | ​ |  | 780 | ​ |  | 780
Total | ​ | $ | 633 | ​ | $ | — | ​ | $ | — | ​ | $ | 836 | ​ | $ | 1,469
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Three Months Ended March 31, 2023
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | Optoelectronics and | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | Healthcare | ​ | Manufacturing | ​ | ​ | ​ | ​ | ​ | ​
​ |  | Security Division |  | Division |  | Division |  | Corporate |  | Total
Acquisition-related costs | ​ | $ | — | ​ | $ | — | ​ | $ | — | ​ | $ | 50 | ​ | $ | 50
Employee termination costs | ​ | ​ | 413 | ​ | ​ | 81 | ​ | ​ | 32 | ​ | ​ | — | ​ | ​ | 526
Facility closures/consolidation | ​ | ​ | 35 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 35
Legal costs, net | ​ |  | 45 | ​ |  | 226 | ​ |  | — | ​ |  | 8 | ​ |  | 279
Total | ​ | $ | 493 | ​ | $ | 307 | ​ | $ | 32 | ​ | $ | 58 | ​ | $ | 890
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Nine Months Ended March 31, 2022
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | Optoelectronics and | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | Healthcare | ​ | Manufacturing | ​ | ​ | ​ | ​ | ​ | ​
​ |  | Security Division |  | Division |  | Division |  | Corporate |  | Total
Acquisition-related costs | ​ | $ | 221 | ​ | $ | — | ​ | $ | — | ​ | $ | 56 | ​ | $ | 277
Employee termination costs | ​ | ​ | 1,077 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 1,077
Facility closures/consolidation | ​ | ​ | (37) | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | (37)
Legal costs, net | ​ |  | — | ​ |  | — | ​ |  | — | ​ |  | 3,493 | ​ |  | 3,493
Total | ​ | $ | 1,261 | ​ | $ | — | ​ | $ | — | ​ | $ | 3,549 | ​ | $ | 4,810
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Nine Months Ended March 31, 2023
​ |  | ​ | ​ |  | ​ | ​ |  | Optoelectronics and |  | ​ | ​ |  | ​ | ​
​ | ​ | ​ | ​ | ​ | Healthcare | ​ | Manufacturing | ​ | ​ | ​ | ​ | ​ | ​
​ |  | Security Division |  | Division |  | Division |  | Corporate |  | Total
Acquisition-related costs | ​ | $ | 23 | ​ | $ | — | ​ | $ | — | ​ | $ | 127 | ​ | $ | 150
Employee termination costs | ​ | ​ | 688 | ​ | ​ | 291 | ​ | ​ | 47 | ​ | ​ | — | ​ | ​ | 1,026
Facility closures/consolidation | ​ | ​ | 35 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 35
Legal costs, net | ​ |  | 613 | ​ |  | 2,462 | ​ |  | — | ​ |  | 80 | ​ |  | 3,155
Total | ​ | $ | 1,359 | ​ | $ | 2,753 | ​ | $ | 47 | ​ | $ | 207 | ​ | $ | 4,366
​ 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 nine-month period ended March 31, 2023 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 | ​ |  | 150 | ​ |  | 1,026 | ​ |  | 35 | ​ |  | 3,155 | ​ |  | 4,366
Payments, adjustments and reimbursements, net | ​ |  | (124) | ​ |  | (1,081) | ​ |  | 1 | ​ |  | (4,896) | ​ |  | (6,100)
Balance as of March 31, 2023 | ​ | $ | 26 | ​ | $ | 126 | ​ | $ | 59 | ​ | $ | 39 | ​ | $ | 250
​

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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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