Restructuring

3 Months Ended

Dec. 31, 2023

Restructuring and Related Activities [Abstract]

Restructuring

7. Restructuring

Cost Reduction Initiatives

In the second and third quarters of fiscal year 2023, the Company announced cost reduction initiatives to position itself to meet the needs of its customers and accelerate growth for the business. The majority of the restructuring expenses for the three months ended December 31, 2023 and 2022 are severance and related costs.

The Company’s restructuring reserve activity is summarized as follows (in thousands):

	Three Months Ended December 31,
	2023		2022
Balance at beginning of period	$	1,011	$	462
Provisions		1,120		1,461
Payments		(1,181)		(321)
Balance at end of period	$	950	$	1,602