Restructuring Costs (Notes)

9 Months Ended

Mar. 31, 2022

Restructuring and Related Activities [Abstract]

Restructuring Costs

Restructuring Costs

In fiscal 2020, we initiated a business improvement plan to increase profitability and reduce our cost structure in order to help us become more competitive and deliver higher quality service. As a result of specific events, including the effects of the COVID-19 pandemic and related market disruptions, the Company expanded its business improvement plan.

The business improvement plan consists of an initial phase of discretionary cost reductions, workforce reductions, reduction of capital expenditures and the reduction in size or closure of certain offices in order to increase the utilization of our staff and bring the cost structure of the business in line with revenue volumes. In fiscal 2022, we commenced a second phase of our plan to focus on centralization of support functions, including business development, accounting, human resources, procurement and project services into shared service centers. The restructuring costs consist primarily of severance costs, facility closure costs, consulting fees and other liabilities.

Restructuring costs under our business improvement plan are classified as follows:

	Three Months Ended				Nine Months Ended				Since Inception of Business Improvement Plan
	March 31, 2022		March 31, 2021		March 31, 2022		March 31, 2021
	(In thousands)
Utility and Power Infrastructure
Severance and other personnel-related costs	$	—	$	291	$	45	$	1,109	$	2,584
Facility costs	—		112		—		117		348
Other intangible asset impairments	—		—		—		—		1,150
Other costs	—		—		1		—		1
Total Utility and Power Infrastructure	$	—	$	403	$	46	$	1,226	$	4,083
Process and Industrial Facilities
Severance and other personnel-related costs	$	—	$	315	$	(22)	$	2,905	$	9,096
Facility costs	12		264		13		279		3,201
Other intangible asset impairments	—		—		—		—		375
Other costs(1)	(1,601)		202		(1,597)		461		(1,171)
Total Process and Industrial Facilities	$	(1,589)	$	781	$	(1,606)	$	3,645	$	11,501
Storage and Terminal Solutions
Severance and other personnel-related costs	$	—	$	423	$	69	$	1,076	$	1,647
Facility costs	—		167		—		168		879
Other costs	11		—		16		—		16
Total Storage and Terminal Solutions	$	11	$	590	$	85	$	1,244	$	2,542
Corporate
Severance and other personnel-related costs	$	—	$	3	$	44	$	164	$	1,127
Facility costs	—		83		16		306		98
Other costs	—		—		1,137		—		1,137
Total Corporate	$	—	$	86	$	1,197	$	470	$	2,362
Restructuring Costs by Type:
Severance and other personnel-related costs	$	—	$	1,032	$	136	$	5,254	$	14,454
Facility costs	12		626		29		870		4,526
Other intangible asset impairments	—		—		—		—		1,525
Other costs	(1,590)		202		(443)		461		(17)
Total restructuring costs	$	(1,578)	$	1,860	$	(278)	$	6,585	$	20,488

(1)Other costs in the Process and Industrial Facilities segment consisted of a $1.6 million credit in the three and nine months ended March 31, 2022. The credit was due to a favorable settlement of a restructuring obligation related to our exit from the domestic iron and steel industry in fiscal 2020.