XML 32 R23.htm IDEA: XBRL DOCUMENT v3.25.0.1
Restructuring Activities
 6 Months Ended
Dec. 28, 2024
Restructuring and Related Activities [Abstract]  
Restructuring Activities Restructuring Activities
In the first quarter of fiscal 2025, we initiated restructuring actions primarily intended to focus on key growth initiatives, reduce costs and align our business in response to market conditions. As a result of this restructuring, we expect to incur approximately $16.0 million in restructuring charges and expect to complete the restructuring by the end of fiscal 2025. For the three and six months ended December 2024, the restructuring costs related to this action were $0.8 million and $14.5 million, respectively, and are recorded in the restructuring costs line item within our condensed consolidated statements of operations.
In the fourth quarter of fiscal 2024, we initiated restructuring actions to further improve efficiencies in our operational activities, decrease costs and increase profitability. We completed this restructuring action in the first quarter of fiscal 2025 and incurred restructuring charges of $0.5 million. These costs were recorded under the restructuring costs line item in our condensed consolidated statements of operations.
The following table summarizes the restructuring activity and related charges during the periods presented (in millions):
Three Months EndedSix Months Ended
December 2024
Balance, beginning of period$5.0 $1.4 
Charges0.8 15.0 
Payments(2.8)(13.4)
Balance, end of period$3.0 $3.0 
During the three and six months ended December 2024, the restructuring and related charges of $0.8 million and $15.0 million, respectively, were primarily attributable to severance and employee-related benefits.