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Restructuring and Related Charges

3 Months Ended

Sep. 30, 2022

We recorded no restructuring and related charges for the three months ended September 30, 2022. For the three months ended September 30, 2021, we recorded restructuring and related charges of $1.2 million, which consisted of charges of $1.2 million in Metal Cutting and an immaterial amount in Infrastructure. Of this amount, restructuring charges were $0.2 million and restructuring-related charges were $1.1 million (included in cost of goods sold) for the three months ended September 30, 2021.

As of September 30, 2022, $4.5 million and $1.5 million of the restructuring accrual was recorded in other current liabilities and other liabilities, respectively, in our condensed consolidated balance sheet. As of June 30, 2022, $6.0 million and $1.9 million of the restructuring accrual was recorded in other current liabilities and other liabilities, respectively. The amounts are as follows:


(in thousands)	June 30, 2022		Expense		Asset Write-Down		Translation		Cash Expenditures		September 30, 2022
Severance	$	7,919	$	—	$	—	$	(426)	$	(1,486)	$	6,007


Total	$	7,919	$	—	$	—	$	(426)	$	(1,486)	$	6,007