Annual report pursuant to Section 13 and 15(d)

Description of Business and Summary of Significant Accounting Policies (Tables)

Description of Business and Summary of Significant Accounting Policies (Tables)

12 Months Ended

Jun. 30, 2023

Protein Sciences | QT Holdings Corporation

The related restructuring charges for the year ended June 30, 2023 were recorded in the income statement as follows (in thousands):


	Employee		Asset
	severance		impairment and other		Total
Selling, general and administrative	$	1,328	$	842	$	2,170


	Employee		Asset
	severance		impairment and other		Total
Expense incurred in the first quarter of 2023	$	1,328	$	842	$	2,170
Cash payments		(1,233)		(772)		(2,005)
Adjustments		(95)		(70)		(165)
Accrued restructuring actions balances as of June 30, 2023	$	—	$	—	$	—

Protein Sciences | Employee Severance [Member]

Notes Tables

Schedule of restructuring charges

Restructuring actions, including cash and non-cash impacts, are as follows (in thousands):


	Employee
	severance
Expense incurred in the second quarter of 2023	$	780
Expense incurred in the fourth quarter of 2023		897
Cash payments		(762)
Adjustments		(18)
Accrued restructuring actions balances as of June 30, 2023	$	897

Diagnostics and Genomics

Notes Tables

Schedule of restructuring charges

Total restructuring charges for the closure of the Exosome Diagnostics Germany facility for the year ended June 30, 2022 were recorded within operating income on the income statement as follows (in thousands):


	Employee		Asset
	Severance		Impairment and other		Total
Selling, general and administrative	$	649	$	750	$	1,399


	Employee		Asset
	Severance		Impairment and other		Total
Expense incurred in the first quarter of 2022	$	639	$	546	$	1,185
Incremental expense incurred during fiscal 2022		—		242		242
Cash payments		(589)		(554)		(1,143)
Adjustments⁽¹⁾		(50)		(234)		(284)
Accrued restructuring actions balances as of June 30, 2022	$	—		—		—

⁽¹⁾ Adjustments include refinements to our estimated close down costs as well as the impacts from foreign currency exchange.