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Restructuring
9 Months Ended
Mar. 31, 2024
Restructuring and Related Activities [Abstract]  
Restructuring RESTRUCTURING
On December 5, 2023, the Company announced a restructuring plan (Restructuring Plan) intended to right-size its organization, enhance profitability, and reallocate resources towards the most impactful initiatives. The Restructuring Plan included a reduction of the Company's global workforce and closure of its office in Sydney, Australia. The Company incurred the majority of the charges relating to the Restructuring Plan in the second fiscal quarter ended December 31, 2023. The Company expects the Restructuring Plan to be substantially completed by June 30, 2024, subject to local law and requirements.
During the three and nine months ended March 31, 2024, the Company recorded restructuring expenses of $2.1 million and $27.2 million, which included $0.2 million and $3.6 million of stock-based
compensation expense, respectively, as a separate line item in the accompanying condensed consolidated statements of operations. The following table summarizes the restructuring liability that is included in other accruals and current liabilities and accounts payable on the accompanying condensed consolidated balance sheets (in thousands):
Severance and termination benefits
Contract termination
Other
Total restructuring liability
Balance, at June 30, 2023$— $— $— $— 
Charges22,588 480 552 23,620 
Cash payments(21,100)(480)(417)(21,997)
Balance, at March 31, 2024$1,488 $— $135 $1,623