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Restructuring Costs (Notes) | 6 Months Ended
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Dec. 31, 2022
Restructuring and Related Activities [Abstract] |
Restructuring Costs | 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. During the second quarter of fiscal 2023, we closed an underperforming office and ceased its associated operations, which resulted in $0.7 million of restructuring costs. We expect to complete these restructuring efforts in fiscal 2023 or early fiscal 2024. The restructuring costs consist primarily of severance costs, facility closure costs, consulting fees and other liabilities. Restructuring costs under our business improvement plan are classified as follows:
|  | Three Months Ended |  | Six Months Ended |  | Since Inception of Business Improvement Plan
|  | December 31, 2022 |  | December 31, 2021 |  | December 31, 2022 |  | December 31, 2021 |
|  | (In thousands)
Utility and Power Infrastructure |  |  |  |  |  |  |  |  |  |
Severance and other personnel-related costs |  | $ | — |  |  | $ | 36 |  |  | $ | 37 |  |  | $ | 45 |  |  | $ | 2,621 |
Facility costs |  | — |  |  | — |  |  | — |  |  | — |  |  | 348 |
Other intangible asset impairments |  | — |  |  | — |  |  | — |  |  | — |  |  | 1,150 |
Other costs |  | — |  |  | 1 |  |  | — |  |  | 1 |  |  | 1 |
Total Utility and Power Infrastructure |  | $ | — |  |  | $ | 37 |  |  | $ | 37 |  |  | $ | 46 |  |  | $ | 4,120 |
Process and Industrial Facilities |  |  |  |  |  |  |  |  |  |
Severance and other personnel-related costs |  | $ | 354 |  |  | $ | (27) |  |  | $ | 666 |  |  | $ | (22) |  |  | $ | 9,762 |
Facility costs |  | — |  |  | 1 |  |  | 2 |  |  | 1 |  |  | 3,208 |
Other intangible asset impairments |  | — |  |  | — |  |  | — |  |  | — |  |  | 375 |
Other costs |  | 28 |  |  | 2 |  |  | 28 |  |  | 4 |  |  | (1,143) |
Total Process and Industrial Facilities |  | $ | 382 |  |  | $ | (24) |  |  | $ | 696 |  |  | $ | (17) |  |  | $ | 12,202 |
Storage and Terminal Solutions |  |  |  |  |  |  |  |  |  |
Severance and other personnel-related costs |  | $ | 379 |  |  | $ | 102 |  |  | $ | 902 |  |  | $ | 69 |  |  | $ | 2,548 |
Facility costs |  | — |  |  | — |  |  | — |  |  | — |  |  | 879 |
Other costs |  | 4 |  |  | 5 |  |  | 4 |  |  | 5 |  |  | 32 |
Total Storage and Terminal Solutions |  | $ | 383 |  |  | $ | 107 |  |  | $ | 906 |  |  | $ | 74 |  |  | $ | 3,459 |
Corporate |  |  |  |  |  |  |  |  |  |
Severance and other personnel-related costs |  | $ | 311 |  |  | $ | — |  |  | $ | 708 |  |  | $ | 44 |  |  | $ | 2,295 |
Facility costs |  | 126 |  |  | — |  |  | 126 |  |  | 16 |  |  | 224 |
Other costs |  | 76 |  |  | 575 |  |  | 92 |  |  | 1,137 |  |  | 1,677 |
Total Corporate |  | $ | 513 |  |  | $ | 575 |  |  | $ | 926 |  |  | $ | 1,197 |  |  | $ | 4,196 |
Restructuring Costs by Type: |  |  |  |  |  |  |  |  |  |
Severance and other personnel-related costs |  | $ | 1,044 |  |  | $ | 111 |  |  | $ | 2,313 |  |  | $ | 136 |  |  | $ | 17,226 |
Facility costs |  | 126 |  |  | 1 |  |  | 128 |  |  | 17 |  |  | 4,659 |
Other intangible asset impairments |  | — |  |  | — |  |  | — |  |  | — |  |  | 1,525 |
Other costs |  | 108 |  |  | 583 |  |  | 124 |  |  | 1,147 |  |  | 567 |
Total restructuring costs |  | $ | 1,278 |  |  | $ | 695 |  |  | $ | 2,565 |  |  | $ | 1,300 |  |  | $ | 23,977 |

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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 -Publisher FASB -Name Accounting Standards Codification -Topic 420 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SAB Topic 5.P.4(e)) -URI https://asc.fasb.org/extlink&oid=115931487&loc=d3e140904-122747 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 420 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a) -URI https://asc.fasb.org/extlink&oid=6394359&loc=d3e17939-110869 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 420 -URI https://asc.fasb.org/topic&trid=2175745 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 420 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (e) -URI https://asc.fasb.org/extlink&oid=6394359&loc=d3e17939-110869 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 420 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (b)(2) -URI https://asc.fasb.org/extlink&oid=6394359&loc=d3e17939-110869 + Details
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