REALIGNMENT ACTIVITIES

12 Months Ended

Dec. 28, 2024

REALIGNMENT ACTIVITIES [Abstract]

REALIGNMENT ACTIVITIES

(4) REALIGNMENT ACTIVITIES

In the third quarter of fiscal 2023, management initiated a plan to streamline segment support across the Company and reduce costs through an organizational realignment program (the “Realignment Program”). The Realignment Program included a reduction in force through a voluntary early retirement program and other headcount reduction actions, all of which were completed as of December 30, 2023. The Board of Directors authorized the incurrence of cash charges up to $36,000 in connection with the Realignment Program.

During the fiscal year ended December 30, 2023, the Company recorded the following pre-tax expenses related to the Realignment Program:

	Infrastructure		Agriculture		Corporate		Total
Severance and other employee benefit costs	$	17,260	$	9,101	$	8,849	$	35,210

Changes in liabilities recorded for the Realignment Program were as follows:

	Balance as of		Recognized		Costs Paid or		Balance as of
	December 30,		Realignment		Otherwise		December 28,
	2023		Expense		Settled		2024
Severance and other employee benefit costs	$	12,514	$	—	$	(12,514)	$	—