During the first quarter of fiscal year 2024, the Company began a multi‑year restructuring program (the “Restructuring Program”) and incurred charges related to contract terminations, asset write‑downs, employee‑related costs, and other transformation-related expenses.

For the three months ended March 31, 2026, expenses associated with the Restructuring Program in the amount of $4,066, $726 and $10 were recorded in productivity and transformation costs, cost of sales and long-lived asset and intangibles impairment, respectively, on the consolidated statements of operations. For the three months ended March 31, 2025, expenses associated with the Restructuring Program in the amount of $7,289 and $379 were recorded in productivity and transformation costs and cost of sales, respectively, on the consolidated statements of operations.

For the nine months ended March 31, 2026, expenses associated with the Restructuring Program in the amount of $16,061, $6,009 and $10 were recorded in productivity and transformation costs, cost of sales and long-lived asset and intangibles impairment, respectively, on the consolidated statements of operations. For the nine months ended March 31, 2025, expenses associated with the Restructuring Program in the amount of $16,497, $2,285, and $1,613 were recorded in productivity and transformation costs, long-lived asset and intangibles impairment, and cost of sales, respectively, on the consolidated statements of operations.

The table below sets forth expenses associated with the Restructuring Program for the three- and nine-month periods ended March 31, 2026 and March 31, 2025 by reportable segments and Corporate and Other.


	Three Months Ended				Nine Months Ended
	March 31, 2026		March 31, 2025		March 31, 2026		March 31, 2025
North America	$	2,823	$	3,650	$	13,999	$	9,300
Corporate and Other		1,238		2,538		5,750		8,260
International		741		1,480		2,331		2,835
	$	4,802	$	7,668	$	22,080	$	20,395

The following table displays the activities and liability balances relating to the Restructuring Program for the nine-month period ended March 31, 2026. The Company expects to pay substantially all remaining accrued restructuring costs during the next 12 months and the program is expected to conclude by fiscal year 2027.


	Balance at June 30, 2025		Charges		Amounts Paid			Non-cash settlements/ Adjustments			Balance at March 31, 2026
Employee-related costs(1)	$	2,430	$	9,353	$	(7,769	)	$	—		$	4,014
Contract termination costs		208		1,533		(1,222	)		—			519
Asset write-downs(2)		—		3,560		—			(3,560	)		—
Other transformation-related expenses(3)		380		7,634		(7,425	)		12			601
	$	3,018	$	22,080	$	(16,416	)	$	(3,548	)	$	5,134

(1)

Employee-related costs include $833 of severance related to executive officer succession.

(2)

Represents non-cash asset write-downs including asset impairment and accelerated depreciation.

(3)

Other transformation-related expenses primarily include consultancy charges related to reorganization of global functions and related personnel resource requirements, and rationalizing sourcing and supply chain processes.