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Restructuring

12 Months Ended

Jun. 30, 2025

Restructuring and Related Activities [Abstract]

Restructuring

Restructuring

In January 2024 and September 2024, as part of a strategic review of organizational structure and operations, the Company executed cost reduction and restructuring programs to align our cost structure with demand expectations in our business. The actions taken in January 2024 and September 2024 are expected to result in approximately $10.0 million and $10.5 million, in annualized savings in selling, general and administrative expenses, most of which was realized during this fiscal year.

The following table presents the restructuring and employee separation costs incurred for the fiscal years ended June 30, 2025 and 2024:

												Fiscal years ended June 30,
												2025						2024
												(in thousands)
Employee separation and benefit costs												$	5,381					$	4,358

For the fiscal years ended June 30, 2025 and 2024, all restructuring costs are recognized in the Corporate reporting unit and have not been allocated to the Specialty Technology Solutions or Intelisys & Advisory segments.

Accrued restructuring costs are included in accrued expenses and other current liabilities on the Condensed Consolidated Balance Sheets. The following table represents activity for the fiscal year ended June 30, 2025:

			Accrued Expenses
			(in thousands)
Balance at June 30, 2023			$	—
Charged to expense			4,358
Cash payments			(2,729)
Balance at June 30, 2024			$	1,629
Charged to expense			5,381
Cash payments			(6,455)
Balance at June 30, 2025			$	555

The remaining balance as of June 30, 2025 of $0.6 million is expected to be paid through the third quarter of fiscal year 2026.

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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
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Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 420
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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
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Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 420
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-URI https://asc.fasb.org/1943274/2147482017/420-10-50-1

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