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Restructuring and Other Charges | 3 Months Ended
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Sep. 30, 2024
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 and to effectively integrate acquisitions and thereby improve our operational efficiency. ​ During the three months ended September 30, 2024, we recognized $1.2 million in restructuring and other charges, which included $0.6 million for employee terminations, $0.2 million for facility closure costs for operational efficiency activities, and $0.4 million in acquisition related costs. ​ During the three months ended September 30, 2023, we recognized $0.5 million in restructuring and other charges, which included $0.1 million in legal charges, $0.1 million for employee terminations, $0.1 million for facility closure costs for operational efficiency activities, and $0.2 million in acquisition related costs. The following tables summarize restructuring and other charges for the periods set forth below (in thousands): ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Three Months Ended September 30, 2023
​ |  | ​ | ​ |  | Optoelectronics and |  | ​ |  | ​ | ​ |  | ​ | ​
​ | ​ | ​ | ​ | ​ | Manufacturing | ​ | Healthcare | ​ | ​ | ​ | ​ | ​ | ​
​ |  | Security Division |  | Division |  | Division |  | Corporate |  | Total
Acquisition-related costs | ​ | $ | 208 | ​ | $ | — | ​ | $ | — | ​ | $ | — | ​ | $ | 208
Employee termination costs | ​ | ​ | 13 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 110 | ​ | ​ | 123
Facility closures/consolidation | ​ |  | — | ​ | ​ | 51 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 51
Legal costs, net | ​ |  | 52 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 32 | ​ | ​ | 84
Total | ​ | $ | 273 | ​ | $ | 51 | ​ | $ | — | ​ | $ | 142 | ​ | $ | 466
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Three Months Ended September 30, 2024
​ | ​ | ​ | ​ | ​ | Optoelectronics and | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | Manufacturing | ​ | Healthcare | ​ | ​ | ​ | ​ | ​ | ​
​ |  | Security Division |  | Division |  | Division |  | Corporate |  | Total
Acquisition-related costs | ​ | $ | 350 | ​ | $ | — | ​ | $ | — | ​ | $ | — | ​ | $ | 350
Employee termination costs | ​ | ​ | 123 | ​ | ​ | 304 | ​ | ​ | 152 | ​ | ​ | — | ​ | ​ | 579
Facility closures/consolidation | ​ | ​ | 6 | ​ | ​ | 243 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 249
Total | ​ | $ | 479 | ​ | $ | 547 | ​ | $ | 152 | ​ | $ | — | ​ | $ | 1,178
​ 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, 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, 2024 | ​ | $ | 496 | ​ | $ | 294 | ​ | $ | 227 | ​ | $ | 808 | ​ | $ | 1,825
Restructuring and other charges, net | ​ |  | 350 | ​ | ​ | 579 | ​ | ​ | 249 | ​ |  | — | ​ | ​ | 1,178
Payments, adjustments and reimbursements, net | ​ |  | (503) | ​ | ​ | (762) | ​ | ​ | (276) | ​ |  | (4) | ​ | ​ | (1,545)
Balance as of September 30, 2024 | ​ | $ | 343 | ​ | $ | 111 | ​ | $ | 200 | ​ | $ | 804 | ​ | $ | 1,458
​

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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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