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Restructuring Charges | 12 Months Ended
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Jun. 30, 2025
Restructuring and Related Activities [Abstract] |
Restructuring Charges | Restructuring costs include one-time employee termination benefits, acceleration of share-based compensation, write-off of assets, costs to exit loss-making operations, and other related costs including third-party professional and outplacement services. All restructuring costs are excluded from segment and adjusted EBITDA. During the years ended June 30, 2025, 2024, and 2023, we recognized restructuring charges of $5,528, $423, and $43,757, respectively. The restructuring charges recognized during the year ended June 30, 2025, primarily included employee termination benefits related to cost reduction actions within our Vista reportable segment that resulted in expense of $5,103. An immaterial amount of restructuring charges were recognized across our National Pen and All Other reportable segment, as well as our Central and corporate costs for similar cost reduction actions. We expect an immaterial amount of restructuring expense during the first half of fiscal year 2026, as part of employee termination benefits that have ongoing service requirements that extend beyond statutorily required minimum periods. During the year ended June 30, 2023, we recognized restructuring charges of $43,757, primarily due to decisions to reduce costs in our Vista business and central teams. For the year ended June 30, 2023, the restructuring charges consisted of $28,840 and $9,645 in our Vista business for the impairment of assets and central and corporate costs, respectively. In addition, we recognized restructuring charges of $1,715 and $3,557 in our National Pen and All Other Businesses reportable segments which included employee termination benefits and the write-off of certain assets. The following table summarizes the restructuring activity during the years ended June 30, 2025 and 2024.
| Severance and Related Benefits |  | Other Restructuring Costs |  | Accrued Restructuring Liability
Balance as of June 30, 2023 | $ | 7,567 |  |  | $ | — |  |  | $ | 7,567 |
Restructuring charges | 386 |  |  | 37 |  |  | 423 |
Cash payments | (7,585) |  |  | — |  |  | (7,585) |
Non-cash charges | — |  |  | (37) |  |  | (37) |
Foreign currency translation | 2 |  |  | — |  |  | 2 |
Balance as of June 30, 2024 | 370 |  |  | — |  |  | 370 |
Restructuring charges | 5,490 |  |  | 38 |  |  | 5,528 |
Cash payments | (2,820) |  |  | — |  |  | (2,820) |
Non-cash charges | — |  |  | (38) |  |  | (38) |
Foreign currency translation | 50 |  |  | — |  |  | 50 |
Balance as of June 30, 2025 | $ | 3,090 |  |  | $ | — |  |  | $ | 3,090 |

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- Definition The entire disclosure for restructuring and related activities. Description of restructuring activities such as exit and disposal activities, include facts and circumstances leading to the plan, the expected plan completion date, the major types of costs associated with the plan activities, total expected costs, the accrual balance at the end of the period, and the periods over which the remaining accrual will be settled. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 420 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Subparagraph (SAB Topic 5.P.4.e) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479823/420-10-S99-2 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 420 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (b)(2) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482017/420-10-50-1 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 420 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482017/420-10-50-1 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 420 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/420/tableOfContent Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 420 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (e) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482017/420-10-50-1 + Details
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