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SUBSEQUENT EVENTS
9 Months Ended
Oct. 01, 2022
SUBSEQUENT EVENTS  
SUBSEQUENT EVENTS

16. SUBSEQUENT EVENTS

On November 8, 2022, the Company approved a cost reduction plan focused on efforts to improve efficiencies and decrease costs. The plan involves the closure of the Company’s manufacturing facility in Bossier City, Louisiana, and a reduction to the Company’s current workforce. The Company expects to incur charges for employee severance and related costs, as well as fixed asset and facility related expenses, of approximately $2.0 million. These costs will be recognized in the fourth quarter of 2022 and in the first quarter of 2023.