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Restructuring, Acquisition, and Related Costs (Tables)
6 Months Ended
Jun. 27, 2025
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

 

 

Six Months Ended

 

 

June 27,

 

 

June 28,

 

 

June 27,

 

 

June 28,

 

 

2025

 

 

2024

 

 

2025

 

 

2024

 

2025 restructuring

$

6,836

 

 

$

 

 

$

6,836

 

 

$

 

2024 restructuring

 

3,385

 

 

 

2,523

 

 

 

3,975

 

 

 

3,071

 

2020 restructuring

 

 

 

 

 

 

 

(3,595

)

 

 

 

Total restructuring charges

 

10,221

 

 

 

2,523

 

 

 

7,216

 

 

 

3,071

 

Acquisition and related charges

 

2,351

 

 

 

20

 

 

 

2,901

 

 

 

1,755

 

Total restructuring, acquisition, and related costs

$

12,572

 

 

$

2,543

 

 

$

10,117

 

 

$

4,826

 

 

Summary of Restructuring Charges by Reportable Segment

The following table summarizes restructuring costs associated with the 2025 restructuring program by reportable segment (in thousands):

 

Three Months Ended

 

 

Six Months Ended

 

 

June 27,

 

 

June 28,

 

 

June 27,

 

 

June 28,

 

 

2025

 

 

2024

 

 

2025

 

 

2024

 

Automation Enabling Technologies

$

940

 

 

$

 

 

$

940

 

 

$

 

Medical Solutions

 

4,202

 

 

 

 

 

 

4,202

 

 

 

 

Unallocated

 

1,694

 

 

 

 

 

 

1,694

 

 

 

 

Total

$

6,836

 

 

$

 

 

$

6,836

 

 

$

 

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

 

Three Months Ended

 

 

Six Months Ended

 

 

June 27,

 

 

June 28,

 

 

June 27,

 

 

June 28,

 

 

2025

 

 

2024

 

 

2025

 

 

2024

 

Automation Enabling Technologies

$

445

 

 

$

1,810

 

 

$

931

 

 

$

2,089

 

Medical Solutions

 

2,930

 

 

 

360

 

 

 

3,012

 

 

 

566

 

Unallocated

 

10

 

 

 

353

 

 

 

32

 

 

 

416

 

Total

$

3,385

 

 

$

2,523

 

 

$

3,975

 

 

$

3,071

 

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

 

 

Facility Sale

 

 

Other

 

Balance at December 31, 2024

$

6,751

 

 

$

5,690

 

 

$

1,061

 

 

$

 

 

$

 

Restructuring charges

 

7,216

 

 

 

9,191

 

 

 

1,503

 

 

 

(4,325

)

 

 

847

 

Cash payments

 

1,849

 

 

 

(2,573

)

 

 

(335

)

 

 

5,537

 

 

 

(780

)

Non-cash write-offs and other adjustments

 

(1,839

)

 

 

719

 

 

 

(1,346

)

 

 

(1,212

)

 

 

 

Balance at June 27, 2025

$

13,977

 

 

$

13,027

 

 

$

883

 

 

$

 

 

$

67