Restructuring and Related Charges

6 Months Ended

Mar. 31, 2021

Restructuring and Related Activities [Abstract]

Restructuring and Related Charges

To better align its resources with its growth strategies and reduce its cost structure, the Company commits to various restructuring plans as necessary. The Company has undertaken various restructuring initiatives, including undertaking activities to reduce the cost structure and rationalize location footprint following the sale of the Memcor product line, transitioning from a three-segment structure to a two-segment operating model designed to better serve the needs of customers worldwide, and various initiatives within the Integrated Solutions and Services segment to drive efficiency and effectiveness in certain divisions.

The Company currently expects to incur approximately $2,000 to $3,000 of costs through the remainder of fiscal 2021 related to restructuring charges following the sale of the Memcor product line. The Company currently expects to incur approximately $500 to $700 of cash costs through the remainder of fiscal 2021 as a result of its transition to a two-segment operating model related to other non-employee related business optimizations. The Company currently expects to incur approximately $500 to $1,000 of costs through the remainder of fiscal 2021 related to the restructuring within certain divisions of the Integrated Solutions and Services segment.

The table below sets forth the amounts accrued for the restructuring components and related activity:


	Six Months Ended March 31,
	2021		2020
Balance at beginning of the period	$	970	$	655
Restructuring charges following the sale of the Memcor product line	3,808		3,659
Restructuring charges related to two-segment realignment	562		1,233
Restructuring charges related to other initiatives	1,444		780
Release of prior reserves	(283)		(62)
Write off charges	(966)		—
Cash payments	(4,359)		(5,831)
Other adjustments	9		—
Balance at end of the period	$	1,185	$	434

The balances for accrued restructuring liabilities at March 31, 2021 and September 30, 2020, are recorded in Accrued expenses and other liabilities on the Consolidated Balance Sheets. Restructuring charges primarily represent severance charges and other employee costs, fixed asset write-offs and certain relocation expenses. The Company expects to pay the remaining amounts accrued as of March 31, 2021 during the remainder of fiscal 2021.

The table below sets forth the location of amounts recorded above on the Unaudited Consolidated Statements of Operations:


	Six Months Ended March 31,
	2021		2020
Cost of product sales and services	$	3,428	$	3,765
General and administrative expense	1,089		1,760
Sales and marketing expense	340		62
Research and development expense	(16)		23
Other operating expense, net	690		—
	$	5,531	$	5,610

The Company continues to evaluate restructuring activities that may result in additional charges in the future.