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Restructuring Costs (Notes) | 6 Months Ended
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Dec. 31, 2020
Restructuring and Related Activities [Abstract] |
Restructuring Costs | Restructuring Costs During the third quarter of fiscal 2020, the Company initiated a business improvement plan to increase profitability and reduce its cost structure related to: •its strategic initiative to exit the domestic iron and steel industry; •the implementation of business improvements in the power delivery portion of the Utility and Power Infrastructure segment; and •the decline in revenue caused by the ongoing effects of the COVID-19 pandemic and related market disruptions. The business improvement plan consists of discretionary cost reductions, workforce reductions, reduction of capital expenditures and the reduction in size or closure of certain offices in order to increase the utilization of the Company's staff and bring the cost structure of the business in line with revenue volumes. The Company incurred $14.0 million of restructuring costs during fiscal 2020 and $4.7 million during the first half of fiscal 2021. The restructuring costs consist primarily of severance costs, facility closure costs, intangible asset impairments and other liabilities as a result of exiting certain operations. Activities under this plan are essentially complete with remaining costs of $1.0 million to $1.5 million expected in the third quarter. Restructuring costs under our business improvement plan are classified as follows:
|  | Three months ended December 31, 2020 |  | Six months ended December 31, 2020 |  | Since Inception of Business Improvement Plan
|  | (In thousands)
Utility and Power Infrastructure |  |  |  |  |  |
Severance and other personnel-related costs |  | $ | 811 |  |  | $ | 818 |  |  | $ | 2,158 |
Facility costs |  | 1 |  |  | 5 |  |  | 240 |
Other intangible asset impairments |  | — |  |  | — |  |  | 1,150 |
Total Utility and Power Infrastructure |  | $ | 812 |  |  | $ | 823 |  |  | $ | 3,548 |
Process and Industrial Facilities |  |  |  |  |  |
Severance and other personnel-related costs |  | $ | 3,082 |  |  | $ | 2,590 |  |  | $ | 8,758 |
Facility costs |  | 134 |  |  | 15 |  |  | 2,770 |
Other intangible asset impairments |  | — |  |  | — |  |  | 375 |
Other costs |  | 148 |  |  | 259 |  |  | 259 |
Total Process and Industrial Facilities |  | $ | 3,364 |  |  | $ | 2,864 |  |  | $ | 12,162 |
Storage and Terminal Solutions |  |  |  |  |  |
Severance and other personnel-related costs |  | $ | 640 |  |  | $ | 653 |  |  | $ | 1,000 |
Facility costs |  | 1 |  |  | 1 |  |  | 721 |
Total Storage and Terminal Solutions |  | $ | 641 |  |  | $ | 654 |  |  | $ | 1,721 |
Corporate |  |  |  |  |  |
Severance and other personnel-related costs |  | $ | 155 |  |  | $ | 161 |  |  | $ | 1,081 |
Facility costs |  | 73 |  |  | 223 |  |  | 223 |
Total Corporate |  | $ | 228 |  |  | $ | 384 |  |  | $ | 1,304 |
Restructuring Costs by Type: |  |  |  |  |  |
Severance and other personnel-related costs |  | $ | 4,688 |  |  | $ | 4,222 |  |  | $ | 12,997 |
Facility costs |  | 209 |  |  | 244 |  |  | 3,954 |
Other intangible asset impairments |  | — |  |  | — |  |  | 1,525 |
Other costs |  | 148 |  |  | 259 |  |  | 259 |
Total restructuring costs |  | $ | 5,045 |  |  | $ | 4,725 |  |  | $ | 18,735 |
The restructuring reserve is included in other accrued expenses and other liabilities in the condensed consolidated balance sheets. The table below is a reconciliation of the beginning and ending restructuring reserve balance under the business improvement plan (in thousands):
Balance as of June 30, 2020 |  | $ | 2,403 |
Restructuring costs incurred |  | 3,422 |
Cash payments |  | (1,214) |
Adjustment to liability |  | (510) |
Balance as of December 31, 2020 |  | $ | 4,101 |

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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://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 420 -URI http://asc.fasb.org/topic&trid=2175745 + Details
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