Note 14 - Exit and Disposal Costs |
9 Months Ended |
|---|---|
Jun. 30, 2026 | |
| Notes to Financial Statements | |
| Restructuring and Related Activities Disclosure [Text Block] |
14. Exit and Disposal Costs
At the end of the second quarter of fiscal year 2026, the Company implemented an organizational change plan, which included a voluntary early retirement plan available to eligible qualifying employees as well as a reduction in force. This plan will result in an approximate 20% reduction in Company's global workforce, and together with cost-containment measures are expected to produce approximately $10 million of annualized cash savings. In connection with the workforce reduction, the Company incurred $1.1 million of termination costs for the nine months ended June 30, 2026. These charges primarily relate to employee transition, severance payments, and employee benefits. At June 30, 2026, the Company had liabilities related to the termination costs of $0.1 million. |