Restructuring

12 Months Ended

Jun. 30, 2021

Restructuring and Related Activities [Abstract]

In July 2020, as part of a strategic review of organizational structure and operations, the Company announced a global cost reduction and restructuring program. These actions were designed to better align the cost structure for the wholesale distribution business with lower sales volumes as a result of the COVID-19 pandemic. The Company also initiated the closure of its Canpango business, its salesforce implementation and consulting business. There has been limited adoption by the Company's partner community of the services Canpango offers. These actions include entering into severance and termination agreements with employees, legal fees to execute the reduction in force and costs associated with lease terminations.

The following table presents the restructuring and severance costs incurred for the fiscal year ended June 30, 2021:


	Fiscal year ended June 30, 2021

	(in thousands)
Severance and benefit costs	$	8,824
Other	434
Total restructuring and other charges	$	9,258

For the fiscal year ended June 30, 2021, all restructuring costs are recognized in the Corporate reporting unit and have not been allocated to the Worldwide Communications & Services or Worldwide Barcode, Networking & Security segment. The Company incurred restructuring charges in the prior year that were immaterial to the condensed consolidated financial statements and unrelated to the program described above.

Accrued restructuring and severance costs are included in accrued expenses and other current liabilities on the Condensed Consolidated Balance Sheets. The following table represents activity for the fiscal year ended June 30, 2021:


	Accrued Expenses
	(in thousands)
Balance at July 1, 2020	—
Charged to expense	$	9,258
Cash payments	(8,059)
Balance at June 30, 2021	$	1,199

The remaining balance as of June 30, 2021 of $1.2 million, primarily related to Corporate, is expected to be paid through the first quarter of fiscal year 2022.