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Restructuring and Other Costs, Net
6 Months Ended
Mar. 31, 2024
Restructuring and Related Activities [Abstract]  
Restructuring and Other Costs, Net

Note 10. Restructuring and Other Costs, Net

Restructuring and other costs, net includes restructuring expenses as well as other charges that are unusual in nature, are the result of unplanned events, and arise outside of the ordinary course of our business. The following table sets forth accrual activity relating to restructuring reserves for the six months ended March 31, 2024 (dollars in thousands):

 

 

 

Personnel

 

 

Facilities

 

 

Restructuring Subtotal

 

 

Other

 

 

Total

 

Balance as of September 30, 2023

 

$

549

 

 

$

1,033

 

 

$

1,582

 

 

$

 

 

$

1,582

 

Restructuring and other costs, net

 

 

4,519

 

 

 

292

 

 

 

4,811

 

 

 

445

 

 

 

5,256

 

Non-cash adjustments

 

 

 

 

 

(351

)

 

 

(351

)

 

 

(300

)

 

 

(651

)

Cash payments

 

 

(2,544

)

 

 

(261

)

 

 

(2,805

)

 

 

(113

)

 

 

(2,918

)

Effect of foreign currency translation

 

 

4

 

 

 

 

 

 

4

 

 

 

 

 

 

4

 

Balance at March 31, 2024

 

$

2,528

 

 

$

713

 

 

$

3,241

 

 

$

32

 

 

$

3,273

 

 

The following table sets forth restructuring and other costs, net recognized for the three and six months ended March 31, 2024 and 2023 (dollars in thousands):

 

 

 

Three Months Ended March 31,

 

 

Six Months Ended March 31,

 

 

 

2024

 

 

2023

 

 

2024

 

 

2023

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Personnel

 

$

4,404

 

 

$

3,371

 

 

$

4,519

 

 

$

6,420

 

Facilities

 

 

147

 

 

 

150

 

 

 

292

 

 

 

343

 

Restructuring subtotal

 

 

4,551

 

 

 

3,521

 

 

 

4,811

 

 

 

6,763

 

Other

 

 

 

 

 

2,193

 

 

 

445

 

 

 

3,140

 

Restructuring and other costs, net

 

$

4,551

 

 

$

5,714

 

 

$

5,256

 

 

$

9,903

 

 

Fiscal Year 2024

For the three months ended March 31, 2024, we recorded restructuring and other costs, net of $4.6 million which included a $4.4 million severance charge related to the elimination of personnel and a $0.1 million charge resulting from the closure of facilities that will no longer be utilized.

For the six months ended March 31, 2024, we recorded restructuring and other costs, net of $5.3 million, which included a $4.5 million severance charge related to the elimination of personnel, $0.4 million related to other one-time charges and a $0.3 million charge resulting from the closure of facilities that will no longer be utilized.

Fiscal Year 2023

For the three months ended March 31, 2023, we recorded restructuring and other costs, net of $5.7 million, which included a $3.4 million severance charge related to the elimination of personnel, a $0.2 million charge resulting from the closure of facilities that will no longer be utilized, and $2.2 million related to other one-time charges.

For the six months ended March 31, 2023, we recorded restructuring and other costs, net of $9.9 million, which included a $6.4 million severance charge related to the elimination of personnel, a $0.3 million charge resulting from the closure of facilities that will no longer be utilized, and $3.1 million related to other one-time charges.