Company: NOTV
Filing Date: 2025-02-06
Form Type: 10-Q
Source: 0001628280-25-004178
Chunk: 33

Company: Inotiv, Inc.
Filing Date: 2025-02-06
Form: 10-Q
Item: Part I, Item 1
Chunk 33
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$46,129 $41,986 The composition of other liabilities is as follows: December 31,September 30,20242024Long-term client deposits$16,966 $16,966 Other1,152 997 Resolution and Plea Agreements (1)17,242 17,000 Other liabilities$35,360 $34,963 (1) Pursuant to the Resolution Agreement and Plea Agreement, the Company paid $6,500 during fiscal 2024 and expects to pay an additional $22,000 over multiple years. Accordingly, the Company has included $17,000 in other long-term liabilities on its condensed consolidated balance sheets as of each of December 31, 2024 and September 30, 2024. Further, all interest accrued on the liabilities associated with the Resolution Agreement and Plea Agreement is payable at the time of the final payment. Therefore, long-term accrued interest is also presented within other long-term liabilities.

6.    DEFINED BENEFIT PLAN

The Company has a defined benefit plan in the U.K., the Harlan Laboratories UK Limited Occupational Pension Scheme (the "Pension Plan"), which operated through April 2012. As of April 30, 2012, the accumulation of plan benefits of employees in the Pension Plan was permanently suspended and therefore the Pension Plan was curtailed. During the year ending September 30, 2025, the Company expects to contribute $0 to the Pension Plan. As of December 31, 2024, the funded status of the defined benefit plan obligation of $2,986 is included in other assets (non-current) in the condensed 

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consolidated balance sheets. Net periodic expense is included in the condensed consolidated statements of operations in general and administrative expenses.The following table provides the components of net periodic benefit costs for the Pension Plan, which is included in general and administrative expenses in the condensed consolidated statements of operations.Three Months EndedDecember 31,20242023Components of net periodic expense:Interest cost$178 $181 Expected return on assets(221)(192)Amortization of prior loss(23)(35)Net periodic expense$(66)$(46)

7.    OTHER OPERATING EXPENSE

Other operating expense consisted of the following:Three Months EndedDecember 31,2024 2023Acquisition and integration costs$— $70 Restructuring costs 1224 1,034 Startup costs559