| Summary of Pre-tax Charges Recognized in Restructuring Actions and Other Impairments |
|
|
|
|
|
|
|
Year ended
March 31, 2026 |
|
Costs recorded in cost of goods sold: |
|
|
|
Inventory write-downs and other charges |
|
$ |
9,878 |
|
|
|
|
|
Costs recorded in operating expenses: |
|
|
|
Impairment of property, plant and equipment, net |
|
|
1,715 |
|
Impairment of intangible assets |
|
|
8,028 |
|
Impairment of goodwill |
|
|
47,491 |
|
Employee-related, other asset impairment and other restructuring costs |
|
|
9,845 |
|
Asset impairment and restructuring costs |
|
|
67,079 |
|
|
|
|
|
Total restructuring, asset impairments and related costs |
|
$ |
76,957 |
|
|
|
|
|
|
|
|
Year ended
March 31, 2025 |
|
Costs recorded in cost of goods sold: |
|
|
|
Inventory write-downs and other charges |
|
$ |
1,991 |
|
|
|
|
|
Costs recorded in operating expenses: |
|
|
|
Impairment of property, plant and equipment, net |
|
|
13,523 |
|
Contractual and other settlement obligations |
|
|
(1,942 |
) |
Employee-related, other asset impairment and other restructuring costs |
|
|
19,652 |
|
Asset impairment and restructuring costs |
|
|
31,233 |
|
|
|
|
|
Total restructuring, asset impairments and related costs |
|
$ |
33,224 |
|
A summary of the pre-tax charges totaling $65,001 recognized in connection with the Company’s restructuring actions and other impairments is as follows:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Year ended March 31, 2024 |
|
|
|
Restructuring and other charges |
|
|
Other impairments |
|
|
Total |
|
Costs recorded in cost of goods sold: |
|
|
|
|
|
|
|
|
|
Reversal of inventory write-downs and other charges |
|
$ |
(986 |
) |
|
$ |
- |
|
|
$ |
(986 |
) |
|
|
|
|
|
|
|
|
|
|
Costs recorded in operating expenses: |
|
|
|
|
|
|
|
|
|
(Gain) impairment of property, plant and equipment, net |
|
|
(40,578 |
) |
|
|
- |
|
|
|
(40,578 |
) |
Impairment of intangible assets |
|
|
- |
|
|
|
17,266 |
|
|
|
17,266 |
|
Impairment of goodwill |
|
|
- |
|
|
|
42,081 |
|
|
|
42,081 |
|
Contractual and other settlement obligations |
|
|
(2,129 |
) |
|
|
- |
|
|
|
(2,129 |
) |
Employee-related and other restructuring costs |
|
|
29,193 |
|
|
|
20,154 |
|
|
|
49,347 |
|
Asset impairment and restructuring costs |
|
|
(13,514 |
) |
|
|
79,501 |
|
|
|
65,987 |
|
|
|
|
|
|
|
|
|
|
|
Total restructuring, asset impairments and related costs |
|
$ |
(14,500 |
) |
|
$ |
79,501 |
|
|
$ |
65,001 |
|
|