Reorganization and Realignment Costs (Tables)

9 Months Ended

Sep. 29, 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				Nine Months Ended
	September 29, 2024		October 1, 2023		September 29, 2024		October 1, 2023
Organizational redesign	$	296	$	579	$	8,327	$	7,986
Other reorganization and realignment plans	58		32		152		114
Reorganization and realignment costs	$	354	$	611	$	8,479	$	8,100

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				Total Incurred Since Inception
	September 29, 2024		October 1, 2023		September 29, 2024		October 1, 2023
Severance and related employee costs	$	12	$	114	$	7,322	$	5,674	$	13,565
Recruitment and relocation costs	75		140		157		304		711
Third-party and other costs	57		173		120		904		1,117
	144		427		7,599		6,882		15,393
Share-based compensation (a)	152		152		728		1,104		1,998
Total organizational redesign	$	296	$	579	$	8,327	$	7,986	$	17,391

_______________

(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 September 29, 2024, the accruals for the Organizational Redesign Plan are included in “Accrued expenses and other current liabilities” and “Other liabilities” and totaled $4,210 and $1,215, respectively. The tables below present a rollforward of our accruals for the Organizational Redesign Plan.

	Balance December 31, 2023		Charges		Payments		Balance September 29, 2024
Severance and related employee costs	$	1,692	$	7,322	$	(3,589)	$	5,425
Recruitment and relocation costs	—		157		(157)		—
Third-party and other costs	—		120		(120)		—
	$	1,692	$	7,599	$	(3,866)	$	5,425

	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