Reorganization and Realignment Costs (Tables)

6 Months Ended

Jun. 30, 2024

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				Six Months Ended
	June 30, 2024		July 2, 2023		June 30, 2024		July 2, 2023
Organizational redesign	$	2,409	$	670	$	8,031	$	7,407
Other reorganization and realignment plans	43		11		94		82
Reorganization and realignment costs	$	2,452	$	681	$	8,125	$	7,489

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				Six Months Ended				Total Incurred Since Inception
	June 30, 2024		July 2, 2023		June 30, 2024		July 2, 2023
Severance and related employee costs	$	1,948	$	21	$	7,310	$	5,560	$	13,553
Recruitment and relocation costs	—		86		82		164		636
Third-party and other costs	14		386		64		731		1,060
	1,962		493		7,456		6,455		15,249
Share-based compensation (a)	447		177		575		952		1,846
Total organizational redesign	$	2,409	$	670	$	8,031	$	7,407	$	17,095

_______________

(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 June 30, 2024, the accruals for the Organizational Redesign Plan are included in “Accrued expenses and other current liabilities” and “Other liabilities” and totaled $4,558 and $2,211, respectively. The tables below present a rollforward of our accruals for the Organizational Redesign Plan.

	Balance December 31, 2023		Charges		Payments		Balance June 30, 2024
Severance and related employee costs	$	1,692	$	7,310	$	(2,233)	$	6,769
Recruitment and relocation costs	—		82		(82)		—
Third-party and other costs	—		64		(64)		—
	$	1,692	$	7,456	$	(2,379)	$	6,769

	Balance January 1, 2023		Charges		Payments		Balance July 2, 2023
Severance and related employee costs	$	—	$	5,560	$	(2,405)	$	3,155
Recruitment and relocation costs	—		164		(164)		—
Third-party and other costs	—		731		(731)		—
	$	—	$	6,455	$	(3,300)	$	3,155