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RESTRUCTURING EXPENSE
3 Months Ended
Jun. 30, 2024
Disclosure Text Block [Abstract]  
RESTRUCTURING EXPENSE

NOTE 18 — RESTRUCTURING EXPENSE

As part of Orion's response to declining financial results, Orion entered into separation agreements with multiple employees during the fourth quarter of fiscal 2024. In addition, an inventory write-off was recognized in the first quarter of fiscal 2025 for inventory related to a customer Orion no longer does business with. Orion's restructuring expense for the three months ended June 30, 2024 and 2023 is reflected within its consolidated statement of operations as follows (dollars in thousands):

 

 

 

For the Three Months Ended
June 30,

 

 

 

2024

 

 

2023

 

Cost of service revenue

 

$

197

 

 

$

 

General and administrative

 

 

196

 

 

 

 

 

$

393

 

 

$

 

Total restructuring expense by segment was recorded as follows (dollars in thousands):

 

 

For the Three Months Ended
June 30,

 

 

 

2024

 

 

2023

 

Segments:

 

 

 

 

 

 

Maintenance

 

$

389

 

 

$

 

Corporate and Other

 

 

4

 

 

 

 

 

$

393

 

 

$