As part of a strategic review of organizational structure and operations, the Company executed cost reduction and restructuring programs in fiscal years ended June 30, 2026, 2025 and 2024. The actions taken in June 2026 are expected to result in approximately $7.0 million in annualized savings to selling, general and administrative expenses.

The following table presents the restructuring and employee separation costs incurred for the fiscal years ended June 30, 2026, 2025 and 2024:


	Fiscal years ended June 30,
	2026		2025		2024

	(in thousands)
Employee separation and benefit costs	$	1,766	$	5,381	$	4,358

For the fiscal years ended June 30, 2026, 2025 and 2024, all restructuring costs are recognized in the Corporate reporting unit and have not been allocated to the Specialty Technology Solutions or Intelisys & Advisory segments.

Accrued restructuring costs are included in accrued expenses and other current liabilities on the Consolidated Balance Sheets. The following table represents activity for the fiscal years ended June 30, 2026 and 2025:


	Accrued Expenses
	(in thousands)
Balance at June 30, 2024	$	1,629
Charged to expense	5,381
Cash payments	(6,455)
Balance at June 30, 2025	$	555
Charged to expense	1,766
Cash payments	(751)
Balance at June 30, 2026	$	1,570

The remaining balance as of June 30, 2026 of $1.6 million is expected to be paid through the fourth quarter of fiscal year 2028.