Restructuring and Related Charges

12 Months Ended

Jul. 02, 2022

Restructuring and Related Activities [Abstract]

Note 13. Restructuring and Related Charges

The Company's restructuring events are primarily intended to reduce costs, consolidate operations, integrate various acquisitions, streamline product manufacturing and address market conditions. During fiscal 2022 and 2021, the Company recorded a benefit related to restructuring actions of $0.1 million and $1.6 million, respectively. During fiscal 2020, the Company recorded a charge related to restructuring actions of $3.5 million. A summary of the activity in the remaining restructuring plan is outlined below (in millions):







	Balance as of July 3, 2021		Fiscal 2022 Benefit		Cash Settlements		Non-cash Settlements and Other Adjustments		Balance as of July 2, 2022

Fiscal 2019 NSE	$	0.5	$	(0.1)	$	(0.4)	$	—	$	—

The NSE Restructuring Plan was approved by Management during the first quarter of fiscal 2019 as part of a strategy to improve overall profitability in the NSE business segment and included actions related to consolidation, integration and workforce reduction. The plan was re-approved in the third quarter of fiscal 2019 and the fourth quarter of fiscal 2020 to include additional headcount. The balance of $0.5 million as of July 3, 2021 is included in other current liabilities on the Consolidated Balance Sheets and the plan closed after remaining payments were made during fiscal 2022.