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Restructuring and Other Charges

3 Months Ended

Sep. 30, 2025

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, 2025, we recognized $2.7 million in restructuring and other charges, which included $2.4 million primarily for non-recurring charges in the Security and Healthcare divisions and $0.3 million for employee terminations.

During the three months ended September 30, 2024, we recognized $1.2 million in restructuring and other charges, which included $0.6 million in employee terminations, $0.2 million for facility closure costs for operational efficiency activities, and $0.4 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, 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


	Three Months Ended September 30, 2025
			Optoelectronics and
			Manufacturing		Healthcare
	Security Division		Division		Division		Corporate		Total
Acquisition-related costs	$	22	$	—	$	—	$	—	$	22
Employee termination costs		163		27		110		—		300
Other		2,173		—		221		14		2,408
Total	$	2,358	$	27	$	331	$	14	$	2,730

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, 2025 were as follows (in thousands):


					Facility
	Acquisition-		Employee		Closure/		Legal
	Related		Termination		Consolidation		and Other
	Costs		Costs		Cost		Costs		Total
Balance as of June 30, 2025	$	—	$	445	$	623	$	1,717	$	2,785
Restructuring and other charges		21		300		—		2,409		2,730
Payments, adjustments and reimbursements, net		(21)		(496)		(493)		(65)		(1,075)
Balance as of September 30, 2025	$	—	$	249	$	130	$	4,061	$	4,440