Reorganization and Realignment Costs (Tables)

9 Months Ended

Oct. 01, 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				Nine Months Ended
	October 1, 2023		October 2, 2022		October 1, 2023		October 2, 2022
Organizational redesign	$	579	$	—	$	7,986	$	—
Other reorganization and realignment plans	32		8		114		628
Reorganization and realignment costs	$	611	$	8	$	8,100	$	628

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		Nine Months Ended
	October 1, 2023		October 1, 2023
Severance and related employee costs	$	114	$	5,674
Recruitment and relocation costs	140		304
Third-party and other costs	173		904
	427		6,882
Share-based compensation (a)	152		1,104
Total organizational redesign	$	579	$	7,986

_______________

(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 October 1, 2023, the accruals for the Organizational Redesign Plan are included in “Accrued expenses and other current liabilities”. The table below presents a rollforward of our accruals for the Organizational Redesign Plan.

	Balance January 1, 2023		Charges		Payments		Balance October 1, 2023
Severance and related employee costs	$	—	$	5,674	$	(3,524)	$	2,150
Recruitment and relocation costs	—		304		(304)		—
Third-party and other costs	—		904		(904)		—
	$	—	$	6,882	$	(4,732)	$	2,150