RESTRUCTURING CHARGES |
12 Months Ended |
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Jun. 30, 2024 | |
| Restructuring and Related Activities [Abstract] | |
| RESTRUCTURING CHARGES | RESTRUCTURING CHARGES Over the last few years, management approved plans to streamline operations, which included reductions of workforce.
Restructuring charges were $21.6 million for fiscal year ended June 30, 2024, primarily due to severance and related charges for the restructuring of the PCB and Display operating segment, as described further in Note 7 “Goodwill and Purchased Intangible Assets,” as well as writedowns of certain ROU assets and fixed assets that were abandoned. Restructuring charges were $44.0 million for the year ended June 30, 2023, primarily due to workforce reductions announced and substantially completed in the third and fourth fiscal quarters. Restructuring charges were $1.0 million for the year ended June 30, 2022. The amounts of restructuring charges accrued were $6.5 million and $11.0 million as of June 30, 2024 and 2023, 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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