RESTRUCTURING CHARGES |
3 Months Ended |
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Sep. 30, 2024 | |
| Restructuring and Related Activities [Abstract] | |
| RESTRUCTURING CHARGES | RESTRUCTURING CHARGES From time to time, management approves restructuring plans including workforce reductions in an effort to streamline operations.
Restructuring charges were $2.9 million and $0.6 million for the three months ended September 30, 2024 and 2023, respectively. The fiscal year 2025 charges include severance and related charges for the restructuring of the PCB and Display operating segment, as a result of our decision to exit the Display business by ending the manufacturing of most Display
products by December 31, 2024, which was announced in March 2024. As of September 30, 2024 and June 30, 2024, the accrual for restructuring charges was $8.0 million and $6.5 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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