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Restructuring

9 Months Ended

Mar. 31, 2025

Restructuring and Related Activities [Abstract]

Restructurings

Restructurings

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, respectively, most of which is expected to be realized during this fiscal year.

The following table presents the restructuring and employee separation costs incurred for the quarter and nine months ended March 31, 2025:

Quarter ended

Nine months ended

March 31, 2025

March 31, 2025

(in thousands)

Employee separation and benefit costs

$

—

5,381

For the quarter and nine months ended March 31, 2025, 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 nine months ended March 31, 2025:

			Accrued Expenses
			(in thousands)
Balance at June 30, 2024			$	1,629
Charged to expense			5,381
Cash payments			(5,737)
Balance at March 31, 2025			$	1,273

The remaining balance as of March 31, 2025 of $1.3 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.

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-Topic 420
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Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 420
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Reference 4: http://www.xbrl.org/2003/role/disclosureRef
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