Note 4. Restructuring Charges

Cody Restructuring Program

On June 29, 2018, the Company announced a restructuring plan with respect to Cody Labs (the “Cody Restructuring Plan”). The plan focuses on a more select set of opportunities which will result in streamlined operations, improved efficiencies and a reduced cost structure. The Company currently estimates that it will incur approximately $4.5 million of total costs to implement the Cody Restructuring Plan, comprised primarily of approximately $2.5 million of severance and employee-related costs.

The expenses associated with the Cody Restructuring Plan included in restructuring expenses (credits) during the three and nine months ended March 31, 2019 were as follows:


	Three Months Ended		Nine Months Ended
(In thousands)	March 31, 2019		March 31, 2019
Employee separation costs (credits)	$	(89)	$	(585)
Facility closure costs		—		—
Total	$	(89)	$	(585)

In the second quarter of Fiscal 2019, the Company adjusted separation costs related to changes in stock price for unvested equity awards, which will be paid upon termination to certain employees.

A reconciliation of the changes in restructuring liabilities associated with the Cody Restructuring Plan from June 30, 2018 through March 31, 2019 is set forth in the following table:


	Employee		Facility Closure
(In thousands)	Separation Costs		Costs		Total
Balance at June 30, 2018	$	3,092	$	—	$	3,092
Restructuring charges (credits)		(585)		—		(585)
Payments		(2,237)		—		(2,237)
Balance at March 31, 2019	$	270		—	$	270

2016 Restructuring Program

On February 1, 2016, in connection with the acquisition of KUPI, the Company announced a plan related to the future integration of KUPI and the Company’s operations (the “2016 Restructuring Program”). The plan focused on the closure of KUPI’s corporate functions and the consolidation of manufacturing, sales, research and development and distribution functions. The restructuring activities under the 2016 Restructuring Program were completed as of March 31, 2019. The Company incurred an aggregate of approximately $21.0 million in restructuring charges for actions that have been announced or communicated since the 2016 Restructuring Program began. Of this amount, approximately $11.0 million related to employee separation costs, approximately $1.0 million related to contract termination costs and approximately $9.0 million related to facility closure costs and other actions.

The expenses associated with the restructuring program included in restructuring expenses during the three and nine months ended March 31, 2019 and 2018 were as follows:


	Three Months Ended				Nine Months Ended
	March 31,				March 31,
(In thousands)	2019		2018		2019		2018
Employee separation costs (credits)	$	377	$	339	$	1,084	$	(41)
Facility closure costs		164		1,082		1,188		3,024
Total	$	541	$	1,421	$	2,272	$	2,983

A reconciliation of the changes in restructuring liabilities associated with the 2016 Restructuring Program from June 30, 2018 through March 31, 2019 is set forth in the following table:


	Employee		Facility Closure
(In thousands)	Separation Costs		Costs		Total
Balance at June 30, 2018	$	3,614	$	—	$	3,614
Restructuring charges		1,084		1,188		2,272
Payments		(4,698)		(1,188)		(5,886)
Balance at March 31, 2019	$	—	$	—	$	—