Restructuring

12 Months Ended

Jun. 30, 2025

Restructuring and Related Activities [Abstract]

5. RESTRUCTURING

Manufacturing Network Optimization

On February 5, 2024, the Company announced its plan to close its Dublin, Georgia manufacturing facility. The closure was completed in the fourth quarter of fiscal year 2024. As a result of the closure the Company incurred cumulative restructuring expense and related costs of $3.0 million as of June 30, 2024. See Note 6, Assets Held For Sale for more information.

The following is a summary of restructuring costs:


	For the years ended June 30,
(in thousands)	2025		2024		2023
One-time employee termination benefits		—		2,558		—
Fixed asset impairments		—		74		—
Other associated costs		—		350		—
Total restructuring and related expenses	$	—	$	2,982	$	—
Reported as:
Operating expenses	$	—	$	2,982	$	—

One-time employee termination benefits include costs for employee separation benefits.

During the year ended June 30, 2024, the Company recorded one-time employee termination benefits, fixed asset impairment charges and other associated costs related to the Dublin closure. Other associated costs include legal and professional fees, inventory and equipment transfer costs, and other transition costs.

All expenses related to the manufacturing network optimization restructuring plan were incurred and paid during the year ended June 30, 2024.

The roll forward of the accrued restructuring costs is as follows, for the years ended June 30, 2025, 2024, and 2023:


	One-time
	Employee			Fixed Asset			Other
	Termination			Impairment			Associated
(in thousands)	Benefits			Costs			Costs			Total
Accrual balance at June 30, 2023	$	—		$	—		$	—		$	—
Costs incurred		2,558			74			350			2,982
Expenses paid		(2,558	)		(74	)		(350	)		(2,982	)
Accrual balance at June 30, 2024	$	—		$	—		$	—		$	—
Costs incurred		—			—			—			—
Expenses paid		—			—			—			—
Accrual balance at June 30, 2025	$	—		$	—		$	—		$	—