Reorganization and Realignment Costs (Tables)

3 Months Ended

Apr. 02, 2023

Restructuring Cost and Reserve

Restructuring and Related Costs

The following is a summary of the initiatives included in “Reorganization and realignment costs:”

	Three Months Ended
	April 2, 2023		April 3, 2022
Organizational redesign	$	6,737	$	—
Other reorganization and realignment plans	71		464
Reorganization and realignment costs	$	6,808	$	464

Organizational Redesign

Restructuring Cost and Reserve

Restructuring and Related Costs

The following is a summary of the costs recorded as a result of the Organizational Redesign Plan:

	Three Months Ended
	April 2, 2023
Severance and related employee costs	$	5,539
Recruitment and relocation costs	78
Third-party and other costs	345
	5,962
Share-based compensation (a)	775
Total organizational redesign	$	6,737

_______________

(a)Primarily represents the accelerated recognition of share-based compensation resulting from the termination of employees under the Organizational Redesign Plan.

Schedule of Restructuring Reserve by Type of Cost

As of April 2, 2023, the accruals for the Organizational Redesign Plan are included in “Accrued expenses and other current liabilities” and “Other liabilities” and totaled $4,650 and $431, respectively. The table below presents a rollforward of our accruals for the Organizational Redesign Plan.

	Balance January 1, 2023		Charges		Payments		Balance April 2, 2023
Severance and related employee costs	$	—	$	5,539	$	(741)	$	4,798
Recruitment and relocation costs	—		78		(78)		—
Third-party and other costs	—		345		(62)		283
	$	—	$	5,962	$	(881)	$	5,081