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Restructuring and Other Charges

9 Months Ended

Mar. 31, 2025

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, 2025, we recognized $2.3 million in restructuring and other charges, which included $1.8 million in employee terminations and $0.5 million for facility closure costs. During the nine months ended March 31, 2025, we recognized $3.6 million in restructuring and other charges, which included $0.6 million in acquisition related costs, $0.8 million for facility closure costs for operational efficiency activities, and $2.3 million for employee terminations.

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.

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


	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


	Three Months Ended March 31, 2025
			Optoelectronics and
			Manufacturing		Healthcare
	Security Division		Division		Division		Corporate		Total
Acquisition-related costs (recoveries), net	$	(29)	$	—	$	—	$	14	$	(15)
Employee termination costs		910		72		627		139		1,748
Facility closures/consolidation		522		—		—		—		522
Total	$	1,403	$	72	$	627	$	153	$	2,255


	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


	Nine Months Ended March 31, 2025
			Optoelectronics and
			Manufacturing		Healthcare
	Security Division		Division		Division		Corporate		Total
Acquisition-related costs	$	341	$	—	$	—	$	228	$	569
Employee termination costs		1,012		391		779		140		2,322
Facility closures/consolidation		529		242		—		—		771
Legal costs (reimbursements), net		—		(14)		—		—		(14)
Total	$	1,882	$	619	$	779	$	368	$	3,648

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, 2025 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		569		2,322		771		(14)		3,648
Payments, adjustments and reimbursements, net		(1,065)		(2,259)		(292)		(365)		(3,981)
Balance as of March 31, 2025	$	—	$	357	$	706	$	429	$	1,492