We continuously evaluate our operations to reduce costs and increase profitability, increase operational efficiencies and gain synergies from our previous acquisitions and align our business in response to market conditions.

A summary of restructuring costs as presented in our condensed consolidated statements of operations is as follows:


	Three Months Ended
	September
	2026		2025
Employee severance and related costs	$	8.1	$	1.7
Lease termination costs	—		0.8
	$	8.1	$	2.5

The following table presents the beginning and ending restructuring liability balances for each restructuring action:


	Fiscal 2027 Restructuring
Balance as of June 2026	$	—
Charges	8.1
Payments	(5.3)
Balance as of September 2026	$	2.8

A restructuring plan was initiated during the first quarter of fiscal 2027 (“Fiscal 2027 Restructuring Plan”) to realign our resources with our core business and to reduce operating costs. Restructuring charges under this plan are mainly comprised of severance and one-time termination benefits. We expect this restructuring action to be substantially completed by the end of the second quarter of fiscal 2027.

A restructuring plan was initiated during the first quarter of fiscal 2026 (“Fiscal 2026 Restructuring Plan”) to streamline and optimize resources and to reduce operating costs. Restructuring charges under this plan are

mainly comprised of severance and one-time termination benefits. We completed all actions under this restructuring plan in the second quarter of fiscal 2026.