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Restructuring, Acquisition, and Related Costs (Tables)
9 Months Ended
Sep. 27, 2024
Restructuring and Related Activities [Abstract]  
Schedule of Restructuring, Acquisition and Related Costs

The following table summarizes restructuring, acquisition, and related costs in the accompanying consolidated statements of operations (in thousands):

 

Three Months Ended

 

 

Nine Months Ended

 

 

September 27,

 

 

September 29,

 

 

September 27,

 

 

September 29,

 

 

2024

 

 

2023

 

 

2024

 

 

2023

 

2024 restructuring

$

1,919

 

 

$

 

 

$

4,990

 

 

$

 

2022 restructuring

 

 

 

 

2,450

 

 

 

 

 

 

5,324

 

2020 restructuring

 

 

 

 

1,880

 

 

 

 

 

 

2,613

 

Total restructuring charges

 

1,919

 

 

 

4,330

 

 

 

4,990

 

 

 

7,937

 

Acquisition and related charges

 

580

 

 

 

151

 

 

 

2,335

 

 

 

254

 

Total restructuring, acquisition, and related costs

$

2,499

 

 

$

4,481

 

 

$

7,325

 

 

$

8,191

 

Summary of Restructuring Charges by Reportable Segment

The following table summarizes restructuring costs associated with the 2024 restructuring program by reportable segment (in thousands):

 

Three Months Ended

 

 

Nine Months Ended

 

 

September 27,

 

 

September 29,

 

 

September 27,

 

 

September 29,

 

 

2024

 

 

2023

 

 

2024

 

 

2023

 

Precision Medicine and Manufacturing

$

795

 

 

$

 

 

$

2,683

 

 

$

 

Medical Solutions

 

785

 

 

 

 

 

 

1,142

 

 

 

 

Robotics and Automation

 

266

 

 

 

 

 

 

676

 

 

 

 

Unallocated Corporate and Shared Services

 

73

 

 

 

 

 

 

489

 

 

 

 

Total

$

1,919

 

 

$

 

 

$

4,990

 

 

$

 

Summary of Accrual Activities by Components Related to Company's Restructuring Plans

The following table summarizes the accrual activities, by component, related to the Company’s restructuring plans recorded in the accompanying consolidated balance sheets (in thousands):

 

Total

 

 

Employee Related

 

 

Facility Related

 

 

Other

 

Balance at December 31, 2023

$

2,850

 

 

$

1,038

 

 

$

1,680

 

 

$

132

 

Restructuring charges

 

4,990

 

 

 

3,007

 

 

 

1,786

 

 

 

197

 

Cash payments

 

(4,241

)

 

 

(2,229

)

 

 

(1,687

)

 

 

(325

)

Non-cash write-offs and other adjustments

 

(584

)

 

 

10

 

 

 

(598

)

 

 

4

 

Balance at September 27, 2024

$

3,015

 

 

$

1,826

 

 

$

1,181

 

 

$

8