RESTRUCTURING/INTEGRATION COSTS

9 Months Ended

Mar. 31, 2018

4. RESTRUCTURING/INTEGRATION COSTS

Subsequent to the Cantaloupe acquisition, the Company has initiated workforce reductions to integrate the Cantaloupe business. For the three and nine months ended March 31, 2018, severance charges for these activities totaled $338 thousand and $381 thousand, respectively. The Company has included these severance charges under “Integration and acquisition costs” within the Consolidated Statements of Operations, with the remaining outstanding balance included within “Accrued expenses” on the Consolidated Balance Sheet. Liabilities for severance will generally be paid during the next twelve months.

The following table summarizes the Company’s severance activity for the three and nine months ended March 31, 2018 (in thousands):


	Workforce
($ in thousands)	reduction
Balance at July 1, 2017	$	—
Additional liability recorded		—
Less cash payments		—
Balance at September 30, 2017		—
Additional liability recorded		43
Less cash payments		(20)
Balance at December 31, 2017		23
Additional liability recorded		338
Less cash payments		(166)
Balance at March 31, 2018	$	195