During the fourth quarter of fiscal 2024, the Company initiated restructuring programs focused primarily on the Company's engineering and tooling operations in Europe, and certain of the Company's general and administrative functions. Total estimated restructuring costs for these programs are currently expected to be approximately $42,000, of which $39,500 relates to severance and employee termination benefits, and $2,500 relates to other exit and disposal activities. These restructuring activities are expected to be completed in fiscal 2026. During the third quarter of fiscal 2026, the Company initiated another restructuring program focused on the Company's engineering operations in Europe. The restructuring costs for the current program are estimated to be approximately $10,000 related to severance and employee termination benefits. This program is expected to be completed in fiscal 2027.


Restructuring amounts by line item in the Statement of Income (a)	Three Months Ended June 30,				Nine Months Ended June 30,
	2026		2025		2026		2025
Cost of sales	$	(4,593)	$	(2,112)	$	(6,306)	$	203
Selling expense	(426)		(4)		(426)		(57)
Administrative expense	(1,703)		(322)		(2,295)		(1,279)
Income (loss) before income taxes	$	(6,722)	$	(2,438)	$	(9,027)	$	(1,133)

The costs associated with the Company's restructuring programs principally relate to severance and employee termination benefits. The following table provides a summary of the severance and employee termination restructuring activities for the nine-month period ended June 30, 2026.


	Severance and Employee Termination Restructuring Activities
	Memorialization		Industrial Technologies		Brand Solutions		Corporate/Non-Operating		Consolidated

Liability at September 30, 2025	$	2	$	942	$	—	$	219	$	1,163
Amounts charged (credited) to expense	—		7,032		—		—		7,032
Net cash payments	—		(1,897)		—		(136)		(2,033)
Other adjustments(1)	(2)		(35)		—		(83)		(120)

Liability at June 30, 2026	$	—	$	6,042	$	—	$	—	$	6,042

Cumulative severance and employee termination costs incurred to date(2)	$	181	$	39,108	$	1,720	$	4,441	$	45,450

(2) Substantially all estimated severance and employee termination costs related to the 2024 restructuring programs have been recognized. The Company's 2026 restructuring program is ongoing, and the remaining severance and employee termination costs are expected to be recognized through fiscal 2027.

The severance and employee termination liability is included in accrued compensation in the accompanying Consolidated Balance Sheets. The restructuring programs initiated in fiscal 2024 that were focused primarily on the Company's engineering and tooling operations in Europe, and certain of the Company's general and administrative functions have been substantially completed. On July 30, 2026, the Company received a refund of $1,730 in connection with the finalization of estimated severance and employee termination benefits specific to it's fiscal 2024 restructuring program.