Restructuring expenses

3 Months Ended

Sep. 30, 2023

Restructuring expenses

Restructuring expenses

14. Restructuring expenses

During fiscal 2023, the Company’s Farnell operating group incurred restructuring expenses primarily related to the planned closure of a distribution center intended to reduce future operating expenses. The following table presents the activity during the first quarter of fiscal 2024 related to the restructuring liabilities established during fiscal 2024 and the remaining restructuring liabilities established during fiscal 2023:

			Facility
	Severance		Exit Costs		Total
	(Thousands)
Balance at July 1, 2023	$	15,507	$	504	$	16,011
Fiscal 2024 restructuring expenses		2,678		—		2,678
Cash payments		(196)		—		(196)
Other, principally foreign currency translation		(221)		—		(221)
Balance at September 30, 2023	$	17,768	$	504	$	18,272