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Subsequent Events
12 Months Ended
Jun. 30, 2018
Subsequent Events [Abstract]  
Subsequent Events
Note 20. Subsequent Events
Costs Associated with Exit or Disposal Activities
In the first quarter of fiscal year 2019, Management approved restructuring and global workforce reduction plans within its NSE business, including actions related to the recently acquired AW business. These actions further drive the Company’s strategy for organizational alignment and consolidation as part of its continued commitment to a more cost effective and agile organization and to improve overall profitability in the Company’s NSE business. Included in these restructuring plans are specific actions to consolidate and integrate the newly acquired AW business within the NSE business segment. The Company expects between 200-250 employees of its global workforce in manufacturing, R&D and SG&A functions to be affected. The Company estimates it will incur total aggregate charges of up to approximately $19 million, primarily in cash, in connection with the plans, which are expected to be completed by calendar year 2020.
2033 Notes Repurchase
On July 18, 2018, the Company announced the repurchase notice of the 2033 Notes with respect to the right of each holder of the 2033 Notes to sell and the obligation of the Company to purchase the 2033 Note, as required pursuant to the terms of and subject to the conditions set forth in the Indenture dated as of August 21, 2013. As a result, $134.3 million aggregate principal amount of 2033 Notes were validly surrendered for repurchase. The Company has accepted all such 2033 Notes and paid with available cash.