Restructuring Charges

12 Months Ended

Jan. 03, 2022

Restructuring And Related Activities [Abstract]

(20)	Restructuring Charges

On April 29, 2020, the Company announced the restructuring of its E-M Solutions business unit. The E-M Solutions business unit consisted of three Chinese manufacturing facilities with two being in Shanghai (SH BPA and SH E-MS) and one in Shenzhen (SZ). The Company ceased operations at the SH E-MS and SZ facilities while integrating the SH BPA facility into its PCB operations. The restructuring is another step in advancing the Company’s stated strategy of increasing its focus on differentiated higher margin products that more fully leverage the Company’s early engagement capabilities and industry leading engineering-based technology solutions. The Company closed the SH E-MS and SZ facilities at the end of 2020. As of January 3, 2022, the Company had incurred approximately $20,028 of restructuring charges and $6,702 of accelerated depreciation expense since the April 29, 2020 announcement.

In connection with the restructuring of its E-M Solutions business unit and other global realignment restructuring efforts, the Company recognized employee separation, contract termination and other costs during the years ended January 3, 2022, December 28, 2020 and December 30, 2019. Contract termination and other costs primarily represented plant closure costs.

The below table summarizes such restructuring costs by reportable segment for the years ended January 3, 2022, December 28, 2020 and December 30, 2019:

	For the Year Ended
	January 3, 2022						December 28, 2020						December 30, 2019
	Employee Separation/ Severance		Contract Termination and Other Costs		Total		Employee Separation/ Severance		Contract Termination and Other Costs		Total		Employee Separation/ Severance		Contract Termination and Other Costs		Total
	(In thousands)
Reportable Segment:
PCB	$	504	$	122	$	626	$	—	$	14	$	14	$	5,218	$	—	$	5,218
RF&S Components		—		—		—		—		—		—		52		—		52
Corporate and Other⁽¹⁾		415		3,204		3,619		15,270		1,480		16,750		80		30		110
	$	919	$	3,326	$	4,245	$	15,270	$	1,494	$	16,764	$	5,350	$	30	$	5,380

(1)	Other represents results from the now closed SH E-MS and SZ facilities.

Accrued restructuring costs are included as a component of other current liabilities in the consolidated balance sheets. The below table shows the utilization of the accrued restructuring costs during the years ended January 3, 2022 and December 28, 2020:

	Employee Separation/ Severance			Contract Termination and Other Costs			Total
	(In thousands)
Accrued as of December 30, 2019	$	260		$	242		$	502
Charged to expense		15,270			1,494			16,764
Amount paid		(8,467	)		(1,417	)		(9,884	)
Accrued as of December 28, 2020	$	7,063		$	319		$	7,382
Charged to expense		919			3,326			4,245
Amount paid		(7,974	)		(3,619	)		(11,593	)
Accrued as of January 3, 2022	$	8		$	26		$	34