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Restructuring and Other Costs, Net
6 Months Ended
Mar. 31, 2023
Restructuring and Related Activities [Abstract]  
Restructuring and Other Costs, Net

Note 10. Restructuring and Other Costs, Net

Restructuring and other costs, net includes restructuring expenses as well as other charges that are unusual in nature, are the result of unplanned events, and arise outside of the ordinary course of our business. The following table sets forth accrual activity relating to restructuring reserves for the six months ended March 31, 2023 (dollars in thousands):

 

 

 

Personnel

 

 

Facilities

 

 

Restructuring Subtotal

 

 

Other

 

 

Total

 

Balance at September 30, 2022

 

$

1,277

 

 

$

1,600

 

 

$

2,877

 

 

$

2,277

 

 

$

5,154

 

Restructuring and other costs, net

 

 

6,420

 

 

 

343

 

 

 

6,763

 

 

 

3,140

 

 

 

9,903

 

Non-cash adjustments

 

 

 

 

 

(327

)

 

 

(327

)

 

 

 

 

 

(327

)

Cash payments

 

 

(5,509

)

 

 

(299

)

 

 

(5,808

)

 

 

(3,790

)

 

 

(9,598

)

Effect of foreign currency translation

 

 

(5

)

 

 

11

 

 

 

6

 

 

 

 

 

 

6

 

Balance at March 31, 2023

 

$

2,183

 

 

$

1,328

 

 

$

3,511

 

 

$

1,627

 

 

$

5,138

 

 

The following table sets forth restructuring and other costs, net recognized for the three and six months ended March 31, 2023 and 2022 (dollars in thousands):

 

 

 

Three Months Ended March 31,

 

 

Six Months Ended March 31,

 

 

 

2023

 

 

2022

 

 

2023

 

 

2022

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Personnel

 

$

3,371

 

 

$

13

 

 

$

6,420

 

 

$

250

 

Facilities

 

 

150

 

 

 

170

 

 

 

343

 

 

 

367

 

Restructuring subtotal

 

 

3,521

 

 

 

183

 

 

 

6,763

 

 

 

617

 

Other

 

 

2,193

 

 

 

291

 

 

 

3,140

 

 

 

4,772

 

Restructuring and other costs, net

 

$

5,714

 

 

$

474

 

 

$

9,903

 

 

$

5,389

 

 

Fiscal Year 2023

For the three months ended March 31, 2023, we recorded restructuring and other costs, net of $5.7 million, which included a $3.4 million severance charge related to the elimination of personnel, a $0.2 million charge resulting from the closure of facilities that will no longer be utilized, and $2.2 million related to other one-time charges.

For the six months ended March 31, 2023, we recorded restructuring and other costs, net of $9.9 million, which included a $6.4 million severance charge related to the elimination of personnel, a $0.3 million charge resulting from the closure of facilities that will no longer be utilized, and $3.1 million related to other one-time charges.

Fiscal Year 2022

For the three months ended March 31, 2022, we recorded restructuring and other costs, net of $0.5 million, which included $0.3 million related to one-time charges and a $0.2 million charge resulting from the closure of facilities that will no longer be utilized.

For the six months ended March 31, 2022, we recorded restructuring and other costs, net of $5.4 million, which included $4.0 million, net of $5.0 million in forfeitures, in stock-based compensation due to the resignation of our former CEO and the resulting modification of certain stock-based awards, a $0.3 million severance charge related to the elimination of personnel, and a $0.4 million charge resulting from the closure of facilities that will no longer be utilized.