Severance, Impairment And Other Charges

3 Months Ended

Sep. 30, 2020

Severance Impairment And Other Charges [Abstract]

Severance, Impairment And Other Charges

12.Severance, Impairment and Other Charges

In the first three months of fiscal 2020, the Company completed the payments on the amounts accrued as part of the reduction in force in the U.S. during fiscal 2019.  

In February 2020, the Company committed to a financial improvement plan that reduced global headcount by approximately 7%. The plan was implemented to re-align the Company’s fixed costs and its near-to-mid-term expectations for the Company’s business. As a result, in the third quarter of fiscal 2020, the Company recorded a charge for severance and related costs of $590,000. At September 30, 2020, the remaining balance of the accruals was $59,000.

The following table reconciles the activity for the Reserves for Restructuring and Other Charges (in thousands):

	Three Months Ended September 30,
	2020			2019
Beginning Balance at July 1,	$	148		$	44
Accruals		-			-
Payments		(89	)		(44	)
Ending Balance at September 30,	$	59		$	-