Restructuring Activities and Related Impairments

6 Months Ended

Jul. 03, 2026

Restructuring and Related Activities [Abstract]

Restructuring Activities And Related Impairments

RESTRUCTURING ACTIVITIES AND RELATED IMPAIRMENTS

Restructuring Activities

The Company’s restructuring activities are undertaken as necessary to implement management’s strategy, streamline operations, take advantage of available capacity and resources, and ultimately achieve net cost reductions. These activities generally relate to reductions in workforce, the realignment of existing manufacturing capacity and closure of facilities and other exit or disposal activities, as it relates to executing the Company’s strategy, pursuant to restructuring programs.

For the three month periods ended July 3, 2026 and June 27, 2025, total restructuring related charges were $8.2 million and $4.5 million, respectively, of which $7.3 million and $0.3 million were recorded in cost of sales and $0.9 million and $4.2 million were recorded in selling, general and administrative expenses, respectively.

For the six month periods ended July 3, 2026 and June 27, 2025, total restructuring related charges were $15.0 million and $14.8 million, respectively, of which $10.4 million and $2.2 million were recorded in cost of sales and $4.6 million and $12.6 million were recorded in selling, general and administrative expenses, respectively.

At July 3, 2026 and December 31, 2025, the restructuring liability was $11.2 million and $12.0 million, respectively. The liability as of July 3, 2026 is expected to be paid over the next twelve months.