RESTRUCTURING CHARGES |
9 Months Ended |
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Mar. 31, 2025 | |
| 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 $0.6 million and $2.0 million for the three months ended March 31, 2025 and 2024, respectively. Restructuring charges were $5.6 million and $3.9 million for the nine months ended March 31, 2025 and 2024, respectively. The charges for fiscal year 2025 and 2024 include severance and related charges for the restructuring of the former PCB and Display operating segment, as a result of our decision to exit the Display business by ending the manufacturing of most Display products, which was announced in March 2024. As of March 31, 2025 and June 30, 2024, the accrual for restructuring charges was $5.7 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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