IMPAIRMENT, RESTRUCTURING AND OTHER CHARGES

12 Months Ended

Jun. 30, 2026

IMPAIRMENT, RESTRUCTURING AND OTHER CHARGES

IMPAIRMENT, RESTRUCTURING AND OTHER CHARGES

7.IMPAIRMENT, RESTRUCTURING AND OTHER CHARGES

We endeavor to align our global capacity and infrastructure with demand by our customers as well as fully integrate acquisitions and thereby improve operational efficiency.

During the fiscal year ended June 30, 2026, we recognized $16.6 million in impairments, restructuring and other charges, which included $5.1 million for employee terminations, $2.1 million in acquisition related costs, $1.2 million for impairment of assets, $0.2

million for facility closure costs for operational efficiency activities, $1.6 million in legal charges, $2.2 million for non-recurring charges in our Security division, and $4.2 million of non-recurring charges in our Healthcare division.

During the fiscal year ended June 30, 2025, we recognized $5.3 million in restructuring and other charges, which included $0.7 million for facility closure costs for operational efficiency activities, $2.7 million for employee terminations, $0.6 million in acquisition related costs, and $1.3 million in legal charges.

During the fiscal year ended June 30, 2024, we recognized $6.4 million in restructuring and other charges, which included $3.2 million for facility closure costs for operational efficiency activities, $1.4 million for employee terminations, $1.0 million in acquisition related costs, and $0.8 million in legal charges.

The following tables summarize impairment, restructuring and other charges for the periods set forth below (in thousands):


		Fiscal 2024
					Optoelectronics
					and
		Security			Manufacturing			Healthcare
		Division			Division			Division			Corporate			Total
Acquisition-related costs		$	247		$	201		$	—		$	514		$	962
Employee termination costs			285			199			810			122			1,416
Facility closures/consolidation			90			3,148			—			—			3,238
Legal costs, net			53			—			—			722			775
Total expensed		$	675		$	3,548		$	810		$	1,358		$	6,391


		Fiscal 2025
					Optoelectronics
					and
		Security			Manufacturing			Healthcare
		Division			Division			Division			Corporate			Total
Acquisition-related costs		$	378		$	—		$	—		$	228		$	606
Employee termination costs			975			391			958			360			2,684
Facility closures/consolidation			529			242			—			—			771
Legal costs, net			—			(14)			1,288			—			1,274
Total expensed		$	1,882		$	619		$	2,246		$	588		$	5,335


		Fiscal 2026
					Optoelectronics
					and
		Security			Manufacturing			Healthcare
		Division			Division			Division			Corporate			Total
Acquisition-related costs		$	33		$	—		$	—		$	2,046		$	2,079
Employee termination costs			2,912			601			1,522			149			5,184
Facility closure/consolidation			233			—			—			—			233
Impairment of assets			1,154			—			—			—			1,154
Legal and other expense (benefit), net			2,674			(155)			5,422			—			7,941
Total expensed		$	7,006		$	446		$	6,944		$	2,195		$	16,591

The accrued liability for restructuring and other charges is included in other accrued expenses and current liabilities in the consolidated balance sheet. The changes in the accrued liability for restructuring and other charges for fiscal 2025 and 2026 were as follows (in thousands):


								Facility
		Acquisition-			Employee			Closure /			Legal
		Related			Termination			Consolidation			and Other
		Costs			Costs			Cost			Costs			Total
Balance as of June 30, 2024		$	496		$	294		$	227		$	808		$	1,825
Restructuring and other charges, net			606			2,684			771			1,274			5,335
Payments, adjustments and reimbursements, net			(1,102)			(2,533)			(375)			(365)			(4,375)
Balance as of June 30, 2025		$	—		$	445		$	623		$	1,717		$	2,785
Restructuring and other charges, net			2,079			5,184			233			7,941			15,437
Payments and adjustments, net			(2,079)			(3,949)			(856)			(7,921)			(14,805)
Balance as of June 30, 2026		$	—		$	1,680		$	—		$	1,737		$	3,417