Restructuring

3 Months Ended

Oct. 01, 2021

Restructuring and Related Activities [Abstract]

During the first quarter ended October 1, 2021, the Company incurred $12,274 of restructuring and other charges. Restructuring and other charges of $7,338 related to severance costs associated with the elimination of 100 employees in manufacturing, SG&A and R&D based on changes in the business environment and to align with the internal organizational changes completed under 1MPACT. The remaining $4,936 of restructuring and other charges related to third-party consulting costs associated with 1MPACT.

All of the restructuring and other charges are classified as Operating expenses in the Consolidated Statements of Operations and Comprehensive (Loss) Income and any remaining severance obligations are expected to be paid within the next twelve months. The restructuring liability is classified as Accrued expenses in the Consolidated Balance Sheets.

The following table presents the detail of activity for the Company’s restructuring plans:


	Severance & Related
Balance at July 2, 2021	$	1,006
Restructuring and other charges	7,338

Cash paid	(2,009)

Balance at October 1, 2021	$	6,335