REALIGNMENT ACTIVITIES

6 Months Ended

Jun. 28, 2025

REALIGNMENT ACTIVITIES [Abstract]

REALIGNMENT ACTIVITIES

(4) REALIGNMENT ACTIVITIES

During the second quarter of fiscal 2025, the Company completed a targeted organizational realignment to better align operations and commercial teams, reduce layers of management, and enhance the speed and agility of decision-making across the business. These actions resulted in pre-tax cash charges of $9,794, of which $910 was included in “Product cost of sales” in the Condensed Consolidated Statements of Operations.

During the second quarter of fiscal 2025, the Company recorded the following pre-tax expenses related to realignment activities:

	Infrastructure		Agriculture		Corporate		Total
Severance and other employee benefit costs	$	2,336	$	2,886	$	4,572	$	9,794

Changes in liabilities recorded related to realignment activities were as follows:

	Balance as of		Recognized		Costs Paid or		Balance as of
	December 28,		Realignment		Otherwise		June 28,
	2024		Expense		Settled		2025
Severance and other employee benefit costs	$	—	$	9,794	$	(1,002)	$	8,792