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Restructuring and Other Charges, Net | 3 Months Ended
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Sep. 30, 2025
Restructuring Charges [Abstract] |
RESTRUCTURING AND OTHER CHARGES, NET | RESTRUCTURING AND OTHER CHARGES, NET In January 2025, we announced several actions to support the long-term competitiveness of the Company and to mitigate softer market conditions. Total restructuring and related charges for this program of $15.6 million, compared to a target of approximately $25 million, were recorded through September 30, 2025, consisting of $13.0 million in Metal Cutting and $2.6 million in Infrastructure. The Company substantially completed the closure of a facility in Greenfield, MA and the consolidation of facilities in Barcelona, Spain during 2025 as a part of these actions. We recorded restructuring and related charges of $3.2 million for the three months ended September 30, 2025, which consisted of $3.3 million in Metal Cutting and a reversal of $0.1 million in Infrastructure. Included in this amount was restructuring related charges of $1.6 million included in cost of goods sold. We recorded restructuring and related charges of $0.6 million for the three months ended September 30, 2024, which consisted of $0.6 million in Metal Cutting and an immaterial amount in Infrastructure. As of September 30, 2025, $8.6 million and $2.2 million of the restructuring accrual was recorded in other current liabilities and other liabilities, respectively, in our condensed consolidated balance sheet. As of June 30, 2025, $11.0 million and $2.4 million of the restructuring accrual was recorded in other current liabilities and other liabilities, respectively. The amounts are as follows:
(in thousands) | June 30, 2025 |  | Expense |  | Asset Write-Down |  | Translation |  | Cash Expenditures |  | September 30, 2025
Severance | $ | 13,394 |  |  | $ | 924 |  |  | $ | — |  |  | $ | 15 |  |  | $ | (3,501) |  |  | $ | 10,832 |
Facilities | — |  |  | 665 |  |  | (665) |  |  | — |  |  | — |  |  | — |
Total | $ | 13,394 |  |  | $ | 1,589 |  |  | $ | (665) |  |  | $ | 15 |  |  | $ | (3,501) |  |  | $ | 10,832 |

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- Definition The entire disclosure of costs incurred for restructuring including, but not limited to, exit and disposal activities, remediation, implementation, integration, asset impairment, and charges against earnings from the write-down of assets. + References No definition available. + Details
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