Restructuring and Related Charges

12 Months Ended

Sep. 30, 2021

Restructuring and Related Activities [Abstract]

Restructuring and related charges

Restructuring and Related Charges

To better align its resources with its growth strategies and reduce the cost structure, the Company commits to 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 $400 to $1,400 of costs during fiscal 2022 related to restructuring charges following the sale of the Memcor product line. The Company currently expects to incur approximately $500 of cash costs during fiscal 2022 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 $600 to $1,000 of costs during fiscal 2022 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:

	Year Ended September 30,
	2021		2020		2019
Balance at beginning of the period	$	970	$	655	$	710
Restructuring charges following the sale of the Memcor product line	5,588		8,274		—
Restructuring charges related to two-segment realignment	1,060		2,092		11,090
Restructuring charges related to other initiatives	2,830		1,867		2,444
Release of prior reserves	(329)		(98)		(541)
Write-off charges	(1,340)		(2,461)		—
Cash payments	(8,484)		(9,367)		(12,966)
Other adjustments	9		8		(82)
Balance at end of the period	$	304	$	970	$	655

The balances for accrued restructuring liabilities at September 30, 2021 and 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 September 30, 2021 during the first half of 2022.

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

	Year Ended September 30,
	2021		2020		2019
Cost of product sales and services	$	4,554	$	8,305	$	6,257
General and administrative expense	3,199		3,053		5,531
Sales and marketing expense	348		305		1,082
Research and development expense	(16)		23		123
Other operating expense, net	1,064		449		—
	$	9,149	$	12,135	$	12,993

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