Restructuring

12 Months Ended

Jun. 30, 2023

Restructuring and Related Activities [Abstract]

During fiscal 2023, the Company incurred $6,981 of restructuring and other charges. Restructuring and other charges primarily related to $3,415 of severance costs, 1MPACT related costs consisting of $1,804 for facility optimization efforts, including $1,339 related to lease asset impairment, and $1,762 of third party consulting costs. The Company incurs restructuring and other charges in connection with management's decision to undertake certain actions to realign operating expenses through workforce reductions and the closure of certain Company facilities, businesses and product lines. The Company's adjustments reflected in restructuring and other charges are typically related to organizational redesign programs or discrete post-acquisition integration activities initiated as part of discrete post acquisition integration activities.

During fiscal 2022, restructuring and other charges primarily related to 1MPACT including $17,424 of third party consulting costs, as well as $9,234 of severance costs associated with the elimination of approximately 135 positions across manufacturing, SG&A and R&D based on ongoing talent and workforce optimization efforts. Fiscal 2022 also includes $787 of costs for facility optimization efforts associated with 1MPACT, including $544 related to lease asset impairment.

All of the restructuring and other charges are classified as Operating expenses in the Consolidated Statements of Operations and Comprehensive (Loss) Income and any remaining severance obligations are expected to be paid within the next twelve months. The remaining restructuring liability is classified as accrued expenses in the Consolidated Balance Sheets.

The following table presents the detail of charges included in the Company’s liability for restructuring and other charges:


	Severance & Related		Facilities & Other		Total





Restructuring liability at July 2, 2021	$	1,006	$	—	$	1,006
Restructuring charges	9,234		243		9,477

Cash paid	(5,518)		(243)		(5,761)


Restructuring liability at July 1, 2022	4,722		—		4,722
Restructuring charges	3,415		465		3,880
Cash paid	(6,608)		(444)		(7,052)

Reversals (*)	—		(21)		(21)
Restructuring liability at June 30, 2023	$	1,529	$	—	$	1,529