Restructuring and Other Charges

3 Months Ended

Mar. 30, 2025

Restructuring Charges [Abstract]

Restructuring and Other Charges

Note 13. Restructuring and Other Charges

The Company accounts for its restructuring plans under the authoritative guidance for exit or disposal activities. The Company includes expenses related to restructuring and other charges in Other operating expenses (income), net in the

condensed consolidated statements of operations. Accrued restructuring and other charges are classified within Accrued employee compensation and Other accrued liabilities on the condensed consolidated balance sheets.

Restructuring and other charges recognized in the three months ended March 30, 2025 and March 31, 2024, respectively, were primarily for severance, and other costs in relation to the reorganization of our business to better align the cost structure of the business with the areas to deliver long-term growth and expanding profitability or projected revenue levels. The liabilities as of March 30, 2025 are expected to be settled in 2025.

The following table provides a summary of the activity related to accrued restructuring and other charges:

(In thousands)	Accrued Restructuring and Other Charges at December 31, 2024		Additions		Cash Payments			Adjustments			Accrued Restructuring and Other Charges at March 30, 2025
Restructuring
Employee termination charges	$	664	$	4,698	$	(4,259	)	$	(7	)	$	1,096
Lease contract termination and other charges		—		44		(8	)		(15	)		21
Total Restructuring and other charges	$	664	$	4,742	$	(4,267	)	$	(22	)	$	1,117

(In thousands)	Accrued Restructuring and Other Charges at December 31, 2023		Additions		Cash Payments			Adjustments			Accrued Restructuring and Other Charges at March 31, 2024
Restructuring
Employee termination charges	$	257	$	924	$	(665	)	$	(14	)	$	502
Lease contract termination and other charges		30		108		(3	)		(114	)		21
Total Restructuring and other charges	$	287	$	1,032	$	(668	)	$	(128	)	$	523