Quarterly report pursuant to Section 13 or 15(d)

RESTRUCTURING CHARGES

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RESTRUCTURING CHARGES
9 Months Ended
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.