Restructuring (Tables)

6 Months Ended

Jun. 29, 2024

Restructuring and Related Activities [Abstract]

Schedule of Components of Restructuring Expenses

For the three and six months ended June 29, 2024, the components of the Company’s restructuring charges for the 2023 Plan were as follows:

	Three Months Ended			Six Months Ended
	June 29, 2024			June 29, 2024
Cash restructuring charges:
Real Estate Restructuring - Lease termination costs	$	—		$	(156	)
Real Estate Restructuring - Employee termination benefit costs		(102	)		2,277
Organizational Restructuring - Employee termination benefit costs		1,677			4,676
Other cash restructuring charges		308			581
Total cash restructuring charges	$	1,883		$	7,378
Non-cash restructuring charges		27			25
Total restructuring charges	$	1,910		$	7,403

For the three and six months ended June 29, 2024, restructuring charges for the 2023 Plan were recorded in the Company’s consolidated statements of operations as follows:

	Three Months Ended			Six Months Ended
	June 29, 2024			June 29, 2024
Cost of revenues	$	(102	)	$	2,328
Selling, general and administrative expenses		2,012			5,075
Total restructuring charges	$	1,910		$	7,403

For the fiscal year ended December 30, 2023, the components of the Company’s restructuring charges for the 2023 Plan were as follows:

	Fiscal Year Ended
	December 30, 2023
Cash restructuring charges:
Real Estate Restructuring - Lease termination costs	$	12,924
Real Estate Restructuring - Employee termination benefit costs		5,678
Organizational Restructuring - Employee termination benefit costs		26,927
Other cash restructuring charges		1,577
Total cash restructuring charges	$	47,106
Non-cash restructuring charges:
Accelerated depreciation and amortization charges	$	6,831
Other non-cash restructuring charges		(194	)
Total non-cash restructuring charges	$	6,637
Total restructuring charges	$	53,743

For the fiscal year ended December 30, 2023, restructuring charges for the 2023 Plan were recorded in the Company’s consolidated statements of operations as follows:

	Fiscal Year Ended
	December 30, 2023
Cost of revenues	$	21,116
Selling, general and administrative expenses		32,627
Total restructuring charges	$	53,743

For the fiscal year ended December 31, 2022, the components of the Company’s restructuring charges for the 2023 Plan were as follows:

	Fiscal Year Ended
	December 31, 2022
Cash restructuring charges:
Real Estate Restructuring - Employee termination benefit costs	$	1,798
Organizational Restructuring - Employee termination benefit costs		11,810
Total restructuring charges	$	13,608

For the fiscal year ended December 31, 2022, restructuring charges for the 2023 Plan were recorded in the Company’s consolidated statements of operations as follows:

	Fiscal Year Ended
	December 31, 2022
Cost of revenues	$	1,798
Selling, general and administrative expenses		11,810
Total restructuring charges	$	13,608

For the fiscal year ended December 31, 2022, the components of the Company’s restructuring charges for the 2022 Plan were as follows:

	Fiscal Year Ended
	December 31, 2022
Cash restructuring charges:
Lease termination costs	$	2,424
Employee termination benefit costs		19,170
Other cash restructuring charges		995
Total cash restructuring charges	$	22,589
Non-cash restructuring charges:
Lease impairments	$	2,680
Accelerated depreciation and amortization charges		1,453
Other non-cash restructuring charges		459
Total non-cash restructuring charges	$	4,592
Total restructuring charges	$	27,181

For the fiscal year ended December 31, 2022, restructuring charges for the 2022 Plan were recorded in the Company’s consolidated statements of operations as follows:

	Fiscal Year Ended
	December 31, 2022
Cost of revenues	$	6,476
Selling, general and administrative expenses		20,705
Total restructuring charges	$	27,181

Schedule of Restructuring-related Liabilities

The following table presents a roll-forward of cash restructuring-related liabilities, which is included within accrued expenses in the Company’s consolidated balance sheets:

	Real Estate Restructuring -			Real Estate Restructuring -			Organizational Restructuring -
	Lease termination costs			Employee termination benefit costs			Employee termination benefit costs			Other cash restructuring charges			Total
Balance as of December 31, 2022	$	—		$	1,798		$	11,810		$	—		$	13,608
Charges		12,924			5,678			26,927			1,577			47,106
Payments		(12,768	)		(4,813	)		(15,142	)		(1,233	)		(33,956	)
Balance as of December 30, 2023	$	156		$	2,663		$	23,595		$	344		$	26,758
Charges		—			2,327			2,324			581			5,232
Payments		—			(453	)		(11,565	)		(698	)		(12,716	)
Change in estimate		(156	)		(50	)		2,352			—			2,146
Balance as of June 29, 2024	$	—		$	4,487		$	16,706		$	227		$	21,420

The following table presents a roll-forward of cash restructuring-related liabilities, which is included within accrued expenses in the Company’s consolidated balance sheets:

	Lease termination costs			Employee termination benefit costs			Other cash restructuring charges			Total
Balance as of January 1, 2022	$	—		$	—		$	—		$	—
Charges		2,424			19,170			995			22,589
Payments		(1,877	)		(10,909	)		—			(12,786	)
Balance as of December 31, 2022	$	547		$	8,261		$	995		$	9,803
Payments		(122	)		(8,880	)		(995	)		(9,997	)
Change in estimate		(425	)		1,560			—			1,135
Balance as of December 30, 2023	$	—		$	941		$	—		$	941
Payments		—			(734	)		—			(734	)
Change in estimate		—			313			—			313
Balance as of June 29, 2024	$	—		$	520		$	—		$	520