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Restructuring and Other Charges

9 Months Ended

Mar. 31, 2024

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 March 31, 2024, we recognized $1.0 million in restructuring and other charges, which primarily included $0.5 million for facility closure costs for operational efficiency activities, and $0.5 million for employee terminations. During the nine months ended March 31, 2024, we recognized $2.5 million in restructuring and other charges, which included $0.8 million for facility closure costs for operational efficiency activities, $0.8 million for employee terminations, $0.4 million in acquisition related costs, and $0.4 million in legal charges.

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 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.

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


	Three Months Ended March 31, 2023
			Optoelectronics and
			Manufacturing		Healthcare
	Security Division		Division		Division		Corporate		Total
Acquisition-related costs	$	—	$	—	$	—	$	50	$	50
Employee termination costs		413		32		81		—		526
Facility closures/consolidation		35		—		—		—		35
Legal costs, net		45		—		226		8		279
Total	$	493	$	32	$	307	$	58	$	890


	Three Months Ended March 31, 2024
			Optoelectronics and
			Manufacturing		Healthcare
	Security Division		Division		Division		Corporate		Total
Acquisition-related costs	$	8	$	11	$	—	$	—	$	19
Employee termination costs		129		60		311		2		502
Facility closures/consolidation		38		433		—		—		471
Legal costs, net		10		—		—		2		12
Total	$	185	$	504	$	311	$	4	$	1,004


	Nine Months Ended March 31, 2023
			Optoelectronics and
			Manufacturing		Healthcare
	Security Division		Division		Division		Corporate		Total
Acquisition-related costs	$	23	$	—	$	—	$	127	$	150
Employee termination costs		688		47		291		—		1,026
Facility closures/consolidation		35		—		—		—		35
Legal costs, net		612		—		2,462		81		3,155
Total	$	1,358	$	47	$	2,753	$	208	$	4,366


	Nine Months Ended March 31, 2024
			Optoelectronics and
			Manufacturing		Healthcare
	Security Division		Division		Division		Corporate		Total
Acquisition-related costs	$	243	$	201	$	—	$	—	$	444
Employee termination costs		279		102		311		122		814
Facility closures/consolidation		38		777		—		—		815
Legal costs, net		61		—		—		362		423
Total	$	621	$	1,080	$	311	$	484	$	2,496

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, 2024 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		444		814		815		423		2,496
Payments, adjustments and reimbursements, net		(451)		(750)		(2,082)		(622)		(3,905)
Balance as of March 31, 2024	$	—	$	171	$	342	$	457	$	970