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Note 19 - Restructuring Costs
 3 Months Ended
Sep. 30, 2024
Notes to Financial Statements  
Restructuring and Related Activities Disclosure [Text Block]

Note 19 - Restructuring Costs

 

As part of the Company’s previously announced restructuring activities related to the wind down and divestiture of the Consumer Health business and the closure of the Grand Prairie, Texas manufacturing site, the Company has incurred expenses that qualify as exit and disposal costs under U.S. GAAP. These include severance and employee benefit costs as well as other direct separation benefit costs, right of use asset impairment charges, fixed asset and other asset impairment charges, accelerated depreciation of fixed assets, contract termination costs, and inventory write-downs. Severance and employee benefit costs primarily relate to cash severance. Restructuring costs associated with the Consumer Health business are recorded within the net loss from discontinued operations, net of tax in the unaudited consolidated financial statement of operations (see Note 20 - Discontinued Operations).

 

The expense associated with the closure of the Grand Prairie, Texas manufacturing site such as severance and employee benefits and exit and disposal activities are included in restructuring costs in the consolidated statements of operations. There have been no inventory write-downs associated with this closure. During the three months ended September 30, 2024, the Company incurred $0.8 million of costs associated with exit and disposal activities related to its manufacturing facility in Grand Prairie, Texas. The Company does not expect to incur additional significant restructuring costs.