Restructuring

9 Months Ended

Apr. 01, 2022

Restructuring and Related Activities [Abstract]

Restructuring

Restructuring and Other Charges

During the nine months ended April 1, 2022, the Company incurred $22,424 of restructuring and other charges. Restructuring and other charges during the nine months ended April 1, 2022 primarily related to 1MPACT including $14,149 of third-party consulting costs, as well as $7,515 of severance costs associated with the elimination of approximately 110 positions across manufacturing, SG&A and R&D based on ongoing talent and workforce optimization efforts. In addition, the nine months ended April 1, 2022 includes $760 of costs for facility optimization efforts associated with 1MPACT, including $544 related to lease asset impairment.

All of the restructuring and other charges are classified as Operating expenses in the Consolidated Statements of Operations and Comprehensive Income (Loss) 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 liability for restructuring and other charges:

	Severance		Facilities & Other		Total
Balance at July 2, 2021	$	1,006	$	—	$	1,006
Restructuring charges	7,515		216		7,731
Cash paid	(4,688)		—		(4,688)
Balance at April 1, 2022	$	3,833	$	216	$	4,049