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Restructuring Activities
3 Months Ended
Sep. 27, 2025
Restructuring and Related Activities [Abstract]  
Restructuring Activities Restructuring Activities
We continuously evaluate our operations to reduce costs and increase profitability, increase operational efficiencies and gain synergies from our previous acquisitions and align our business in response to market conditions.
A summary of restructuring costs as presented in our condensed consolidated statements of operations is as follows:
Three Months Ended
September
20252024
Employee severance and related costs$1.7 $14.2 
Lease termination costs (1)
0.8 — 
$2.5 $14.2 
The following table presents the beginning and ending restructuring liability balances for each restructuring action:
Fiscal 2026
Restructuring
Balance, June 2025
$— 
Charges1.7 
Payments(1.3)
Balance, September 2025
$0.4 
(1) Lease termination costs of $0.8 million under the Fiscal 2025 Restructuring were recorded directly to the condensed consolidated statements of operations during the three months ended September 2025 are not included in the restructuring liability balance above.
Fiscal 2026 Restructuring Plan
A restructuring plan was initiated during the first quarter of fiscal 2026 (“Fiscal 2026 Restructuring Plan”) to streamline and optimize resources and to reduce operating costs. Restructuring charges under this plan are
mainly comprised of severance and one-time termination benefits. We expect this restructuring action to be substantially completed by the end of the second quarter of fiscal 2026.
Fiscal 2025 Restructuring Plan
A restructuring plan was initiated during the first quarter of fiscal 2025 (“Fiscal 2025 Restructuring Plan”) primarily intended to focus on key growth initiatives, reduce costs and align our business in response to market conditions. Restructuring charges were mainly comprised of severance and one-time termination benefits and lease termination costs. All restructuring actions under the Fiscal 2025 Restructuring Plan are complete as of the end of September 2025.