Restructuring and Other Charges

6 Months Ended

Jun. 29, 2025

Note 14. 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 and six months ended June 29, 2025 and June 30, 2024, respectively, were primarily for severance, and other costs in relation to the reorganization of the business. These initiatives were undertaken to reduce costs, and reinvest into the business to capitalize on the Company's highest priority opportunities to drive revenue growth and improve profitability. The vast majority of the liabilities as of June 29, 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 June 29, 2025
Restructuring
Employee termination charges	$	664	$	5,531	$	(4,783	)	$	20		$	1,432
Lease contract termination and other charges		—		73		(10	)		(35	)		28
Total Restructuring and other charges	$	664	$	5,604	$	(4,793	)	$	(15	)	$	1,460


(In thousands)	Accrued Restructuring and Other Charges at December 31, 2023		Additions		Cash Payments			Adjustments			Accrued Restructuring and Other Charges at June 30, 2024
Restructuring
Employee termination charges	$	257	$	2,504	$	(2,139	)	$	—		$	622
Lease contract termination and other charges		30		216		(86	)		(160	)		—
Total Restructuring and other charges	$	287	$	2,720	$	(2,225	)	$	(160	)	$	622