Quarterly report pursuant to Section 13 or 15(d)

Restructuring Charges

v3.19.3
Restructuring Charges
3 Months Ended
Sep. 30, 2019
Restructuring and Related Activities [Abstract]  
Restructuring Charges
NOTE 19 – RESTRUCTURING CHARGES
In September 2019, management approved a plan to streamline our organization and business processes that included the reduction of workforce, which is expected to be completed in the second half of our fiscal year 2021, primarily in our PCB, Display and Component Inspection segment, and a potential disposition of our solar energy business in our Other segment. Restructuring charges were immaterial for the three months ended September 30, 2019. Proceeds from disposition of our solar energy business are not expected to be material.
We expect to incur additional restructuring charges, including additional severance costs and other related costs in future periods in connection with the completion of our workforce reduction.