RESTRUCTURING CHARGES |
9 Months Ended |
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Mar. 31, 2023 | |
| Restructuring and Related Activities [Abstract] | |
| RESTRUCTURING CHARGES | RESTRUCTURING CHARGES From time to time, management approves restructuring plans including workforce reductions, one of which was announced and substantially completed in the three months ended March 31, 2023, in an effort to streamline operations.
Restructuring charges were $19.1 million and zero for the three months ended March 31, 2023 and 2022, respectively. Restructuring charges were $35.9 million and $0.9 million for the nine months ended March 31, 2023 and 2022, respectively. The fiscal year 2023 charges include one-time transaction bonuses triggered by the sale of Orbograph as well as severance and associated acceleration of certain stock-based compensation expenses resulting from a workforce reduction. As of March 31, 2023 and June 30, 2022, the accrual for restructuring charges was $20.2 million and $2.1 million, 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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