Restructuring Activities

12 Months Ended

Dec. 30, 2023

Restructuring and Related Activities [Abstract]

Restructuring Activities

Note 5. Restructuring Activities

In February 2023, to improve operational effectiveness, increase profitable sales, and better meet customer requirements, the company announced a restructuring of plant operation responsibilities from the sales function to the supply chain function. Employee

termination benefits and other cash charges were primarily for the voluntary employee separation incentive plan (the "VSIP"), reduction-in-force ("RIF") and employee relocation costs. These costs are recorded in the restructuring charges line item of the Consolidated Statements of Income.

The table below presents the components of costs associated with the restructuring (amounts in thousands):

	Fiscal 2023
Restructuring charges:
VSIP	$	5,229
RIF		899
Relocation costs		971
Total restructuring	$	7,099

The table below presents the components of, and changes in, our restructuring accruals (amounts in thousands):

	VSIP			Relocation Costs			RIF			Total
Liability balance at December 31, 2022	$	—		$	—		$	—		$	—
Charges		5,229			971			899			7,099
Cash payments		(3,800	)		(971	)		(899	)		(5,670	)
Liability balance (1) at December 30, 2023	$	1,429		$	—		$	—		$	1,429

(1) Recorded in the other accrued current liabilities line item of our Consolidated Balance Sheets.