RESTRUCTURING CHARGES |
12 Months Ended |
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Jun. 30, 2021 | |
| Restructuring and Related Activities [Abstract] | |
| RESTRUCTURING CHARGES | RESTRUCTURING CHARGES In September 2019, management approved a plan to streamline our organization and business processes that included the reduction of workforce, primarily in our PCB, Display and Component Inspection segment.
Restructuring charges were $12.4 million for fiscal year ended June 30, 2021 and included $3.9 million of non-cash charges for accelerated depreciation related to certain ROU assets and fixed assets to be abandoned. Restructuring charges were $7.7 million for the year ended, June 30, 2020. The amounts of restructuring charges accrued were $3.3 million and $5.7 million as of June 30, 2021 and 2020, respectively.
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- References No definition available.
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- Definition The entire disclosure for restructuring and related activities. Description of restructuring activities such as exit and disposal activities, include facts and circumstances leading to the plan, the expected plan completion date, the major types of costs associated with the plan activities, total expected costs, the accrual balance at the end of the period, and the periods over which the remaining accrual will be settled. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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