Reorganization and Realignment Costs (Tables)

6 Months Ended

Jun. 29, 2025

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 29, 2025		June 30, 2024		June 29, 2025		June 30, 2024
Organizational Redesign Plan	$	106	$	2,409	$	(844)	$	8,031
Other reorganization and realignment plans	68		43		326		94
Reorganization and realignment costs	$	174	$	2,452	$	(518)	$	8,125

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 29, 2025		June 30, 2024		June 29, 2025		June 30, 2024
Severance and related employee costs (a)	$	(6)	$	1,948	$	(1,094)	$	7,310	$	12,402
Recruitment and relocation costs	—		—		13		82		736
Third-party and other costs	—		14		—		64		1,116
	(6)		1,962		(1,081)		7,456		14,254
Share-based compensation (b)	112		447		237		575		2,333
Total organizational redesign	$	106	$	2,409	$	(844)	$	8,031	$	16,587

_______________

(a)The six months ended June 29, 2025 includes a reversal of an accrual as a result of a change in estimate.

(b)Total incurred since inception 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 29, 2025, the accruals for the Organizational Redesign Plan are included in “Accrued expenses and other current liabilities.” The tables below present a rollforward of our accruals for the Organizational Redesign Plan.

	Balance December 29, 2024		Charges		Payments		Balance June 29, 2025
Severance and related employee costs	$	4,257	$	(1,094)	$	(1,897)	$	1,266
Recruitment and relocation costs	—		13		(13)		—
Third-party and other costs	—		—		—		—
	$	4,257	$	(1,081)	$	(1,910)	$	1,266

	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