v3.26.1
Restructuring Charges
6 Months Ended
Mar. 31, 2026
Restructuring Charges [Abstract]  
Restructuring Charges Restructuring Charges
In the first and fourth quarters of fiscal 2025, the Company initiated restructuring plans to match strategic and financial objectives and optimize resources for long term growth, including reduction in force programs. In the first quarter of fiscal 2025, the Company recorded a restructuring charge of $11.3 million. The Company did not record any significant subsequent charges related to the first quarter of fiscal 2025 restructuring plan. In the fourth quarter of fiscal 2025, the Company recorded a restructuring charge of $14.3 million. The Company did not record any significant subsequent charges related to the fourth quarter of fiscal 2025 restructuring plan.
During the six months ended March 31, 2026 and 2025, the following activity was recorded (in thousands):
Six Months Ended
March 31,
20262025
Employee Severance, Benefits, and Related Costs
Accrued expenses, beginning of period$8,846 $— 
Restructuring charges (1)
(358)11,321 
Cash payments(8,447)(11,156)
Accrued expenses, end of period$41 $165 
(1)    Includes restructuring charges and adjustments for in period relief of unused benefits and foreign currency fluctuations.
Charges related to employee severance, benefits, and related costs are reflected in the restructuring charges line item on the Company's consolidated income statements.