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Restructuring and Other Charges | 6 Months Ended
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Dec. 31, 2023
Restructuring and Other Charges |
Restructuring and Other Charges | 7. 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 December 31, 2023, we recognized $1.0 million in restructuring and other charges, which included $0.2 million in acquisition related costs, $0.3 million in legal charges, $0.3 million for facility closure costs for operational efficiency activities, and $0.2 million for employee terminations. During the six months ended December 31, 2023, we recognized $1.5 million in restructuring and other charges, which included $0.4 million in acquisition related costs, $0.4 million in legal charges, $0.3 million for facility closure costs for operational efficiency activities, and $0.3 million for employee terminations. ​ During the three months ended December 31, 2022, we recognized $2.3 million in restructuring and other charges, which included $1.9 million in legal charges primarily related to government investigations and $0.2 million for employee terminations. During the six months ended December 31, 2022, we recognized $3.5 million in restructuring and other charges, which included $2.9 million in legal charges primarily related to government investigations and $0.5 million for employee terminations. The following tables summarize restructuring and other charges (benefits), net for the periods set forth below (in thousands): ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | Three Months Ended December 31, 2022
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | Optoelectronics and | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | Healthcare | ​ | Manufacturing | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Security Division |  | Division |  | Division |  | Corporate |  | Total
Acquisition-related costs | ​ | $ | — | ​ | $ | — | ​ | $ | — | ​ | $ | 78 | ​ | $ | 78
Employee termination costs | ​ |  | 35 | ​ |  | 210 | ​ |  | — | ​ |  | — | ​ |  | 245
Legal costs, net | ​ |  | 42 | ​ |  | 1,942 | ​ |  | — | ​ |  | (50) | ​ |  | 1,934
Total | ​ | $ | 77 | ​ | $ | 2,152 | ​ | $ | — | ​ | $ | 28 | ​ | $ | 2,257
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | Three Months Ended December 31, 2023
​ | ​ | ​ | ​ | ​ |  | ​ | ​ | Optoelectronics and | ​ |  | ​ | ​ |  | ​
​ | ​ | ​ | ​ | ​ | Healthcare | ​ | Manufacturing | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Security Division |  | Division |  | Division |  | Corporate |  | Total
Employee termination costs | ​ | $ | 137 | ​ | $ | — | ​ | $ | 42 | ​ | $ | 10 | ​ | $ | 189
Facility closures/consolidation |  | ​ | — |  | ​ | — |  | ​ | 293 |  | ​ | — |  | ​ | 293
Legal costs, net |  | ​ | 1 |  | ​ | — |  | ​ | — |  | ​ | 327 |  | ​ | 328
Acquisition-related costs |  | ​ | 26 |  | ​ | — |  | ​ | 190 |  | ​ | — |  | ​ | 216
Total | ​ | $ | 164 | ​ | $ | — | ​ | $ | 525 | ​ | $ | 337 | ​ | $ | 1,026
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Six Months Ended December 31, 2022
​ |  | ​ | ​ |  | ​ | ​ |  | Optoelectronics and |  | ​ | ​ |  | ​ | ​
​ | ​ | ​ | ​ | ​ | Healthcare | ​ | Manufacturing | ​ | ​ | ​ | ​ | ​ | ​
​ |  | Security Division |  | Division |  | Division |  | Corporate |  | Total
Acquisition-related costs | ​ | $ | 23 | ​ | $ | — | ​ | $ | — | ​ | $ | 78 | ​ | $ | 101
Employee termination costs | ​ | ​ | 275 | ​ | ​ | 210 | ​ | ​ | 15 | ​ | ​ | — | ​ | ​ | 500
Legal costs, net | ​ |  | 567 | ​ | ​ | 2,236 | ​ | ​ | — | ​ | ​ | 72 | ​ | ​ | 2,875
Total | ​ | $ | 865 | ​ | $ | 2,446 | ​ | $ | 15 | ​ | $ | 150 | ​ | $ | 3,476
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Six Months Ended December 31, 2023
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | Optoelectronics and | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | Healthcare | ​ | Manufacturing | ​ | ​ | ​ | ​ | ​ | ​
​ |  | Security Division |  | Division |  | Division |  | Corporate |  | Total
Employee termination costs | ​ | $ | 150 | ​ | $ | — | ​ | $ | 42 | ​ | $ | 120 | ​ | $ | 312
Facility closures/consolidation | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 344 | ​ | ​ | — | ​ | ​ | 344
Legal costs, net | ​ | ​ | 51 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 360 | ​ | ​ | 411
Acquisition-related costs | ​ |  | 235 | ​ | ​ | — | ​ | ​ | 190 | ​ | ​ | — | ​ | ​ | 425
Total | ​ | $ | 436 | ​ | $ | — | ​ | $ | 576 | ​ | $ | 480 | ​ | $ | 1,492
​ ​ 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 six-month period ended December 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, 2023 | ​ | $ | 7 | ​ | $ | 107 | ​ | $ | 1,609 | ​ | $ | 656 | ​ | $ | 2,379
Restructuring and other charges, net | ​ |  | 425 | ​ |  | 312 | ​ |  | 344 | ​ |  | 411 | ​ |  | 1,492
Payments, adjustments and reimbursements, net | ​ |  | (284) | ​ |  | (263) | ​ |  | (1,764) | ​ |  | (619) | ​ |  | (2,930)
Balance as of December 31, 2023 | ​ | $ | 148 | ​ | $ | 156 | ​ | $ | 189 | ​ | $ | 448 | ​ | $ | 941
​

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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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