Restructuring Costs

12 Months Ended

Jun. 30, 2022

Restructuring and Related Activities [Abstract]

Restructuring and Related Activities Disclosure [Text Block]

Restructuring Costs

In fiscal 2020, we initiated a business improvement plan to increase profitability and reduce our cost structure in order to help us become more competitive and deliver higher quality service. As a result of specific events, including the effects of the COVID-19 pandemic and related market disruptions, the Company expanded its business improvement plan.

The business improvement plan consists of an initial phase 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 our staff and bring the cost structure of the business in line with revenue volumes. In fiscal 2022, we commenced a second phase of our plan to focus on centralization of support functions, including business development, accounting, human resources, procurement and project services into shared service centers. The restructuring costs consist primarily of severance costs, facility closure costs, consulting fees and other liabilities.

Restructuring costs incurred are classified as follows:


	Fiscal Year Ended June 30, 2022		Fiscal Year Ended June 30, 2021		Fiscal Year Ended June 30, 2020		Since Inception of Business Improvement Plan
			(in thousands)
Utility and Power Infrastructure
Severance and other personnel-related costs	$	45	$	1,199	$	1,340	$	2,584
Facility costs	—		113		235		348
Other intangible asset impairments	—		—		1,150		1,150
Other costs	1		—		—		1
Total Utility and Power Infrastructure	$	46	$	1,312	$	2,725	$	4,083
Process and Industrial Facilities
Severance and other personnel-related costs	$	(22)	$	2,951	$	6,167	$	9,096
Facility costs	17		431		2,757		3,205
Other intangible asset impairments	—		—		375		375
Other costs(1)	(1,597)		426		—		(1,171)
Total Process and Industrial Facilities	$	(1,602)	$	3,808	$	9,299	$	11,505
Storage and Terminal Solutions
Severance and other personnel-related costs	$	69	$	1,231	$	347	$	1,647
Facility costs	—		159		720		879
Other costs	28		—		—		28
Total Storage and Terminal Solutions	$	97	$	1,390	$	1,067	$	2,554
Corporate
Severance and other personnel-related costs	$	504	$	164	$	919	$	1,587
Facility costs	16		82		—		98
Other costs	1,585		—		—		1,585
Total Corporate	$	2,105	$	246	$	919	$	3,270
Total restructuring costs	$	646	$	6,756	$	14,010	$	21,412

Restructuring Costs by Type:
Severance and other personnel-related costs	$	596	$	5,545	$	8,773	$	14,914
Total facility costs	33		785		3,712		4,530
Total other intangible asset impairments	—		—		1,525		1,525
Other costs	17		426		—		443
Total restructuring costs	$	646	$	6,756	$	14,010	$	21,412

(1)Other costs in the Process and Industrial Facilities segment consisted of a $1.6 million credit in the third quarter of fiscal 2022. The credit was due to a favorable settlement of a restructuring obligation related to our exit from the domestic iron and steel industry in fiscal 2020.