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Subsequent Events
12 Months Ended
Jun. 30, 2020
Subsequent Events [Abstract]  
Subsequent Events Subsequent Events
In July 2020, the Company announced actions to address the business impacts of the COVID-19 pandemic and prepare for the next phase of growth. These actions include an approximate $30 million annualized expense reduction plan, partially offset by approximately $8 to $9 million in severance and employee benefits for those employees who left the Company. These actions are designed to better align the cost structure for the wholesale distribution business with lower sales volumes as a result of the COVID-19 pandemic. As part of the plan, the Company will continue to invest in its higher growth agency business, Intelisys.
In July 2020, the Company also initiated actions to close Canpango, its salesforce implementation and consulting business. In August 2018, the Company acquired Canpango to help partners build out their customer relationship management capabilities as part of a CCaaS solution. There has been limited adoption by the Company’s partner community. As a result of the closure of the Canpango business, the Company recorded a pre-tax non-cash charge of approximately $2 million for the fiscal year ended June 30, 2020 which is recorded to the selling, general and administrative expenses and impairment charges line item in the Consolidated Income Statements. The Company expects to complete existing contracts over the next few months.