Reorganization and Realignment Costs

3 Months Ended

Mar. 29, 2026

Restructuring and Related Activities [Abstract]

Reorganization and Realignment Costs

Reorganization and Realignment Costs

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

	Three Months Ended
	March 29, 2026		March 30, 2025
Organizational Redesign Plan	$	(201)	$	(950)
Other reorganization and realignment plans	39		258
Reorganization and realignment costs	$	(162)	$	(692)

Organizational Redesign

In February 2023, the Board of Directors approved a plan to redesign the Company’s organizational structure to better support the execution of the Company’s long-term growth strategy by maximizing organizational efficiency and streamlining decision making (the “Organizational Redesign Plan”). Additionally, in January 2024, the Board of Directors announced the appointment of a new President and Chief Executive Officer and the departure of the Company’s previous President and Chief Executive Officer. During the three months ended March 29, 2026 and March 30, 2025, the Company recognized costs totaling $(201) and $(950), respectively, which primarily included reversals of severance accruals. The Company does not expect to incur any material additional costs under the Organizational Redesign plan.

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

	Three Months Ended				Total Incurred Since Inception
	March 29, 2026		March 30, 2025
Severance and related employee costs (a)	$	(228)	$	(1,088)	$	12,098
Recruitment and relocation costs	—		13		736
Third-party and other costs	—		—		1,116
	(228)		(1,075)		13,950
Share-based compensation (b)	27		125		2,527
Total organizational redesign	$	(201)	$	(950)	$	16,477

_______________

(a)The three months ended March 29, 2026 and March 30, 2025 include reversals of severance accruals as a result of changes in estimates.

(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.

As of March 29, 2026, 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 28, 2025		Charges		Payments		Balance March 29, 2026
Severance and related employee costs	$	378	$	(228)	$	(144)	$	6
Recruitment and relocation costs	—		—		—		—
Third-party and other costs	—		—		—		—
	$	378	$	(228)	$	(144)	$	6

	Balance December 29, 2024		Charges		Payments		Balance March 30, 2025
Severance and related employee costs	$	4,257	$	(1,088)	$	(1,410)	$	1,759
Recruitment and relocation costs	—		13		(13)		—
Third-party and other costs	—		—		—		—
	$	4,257	$	(1,075)	$	(1,423)	$	1,759

Other Reorganization and Realignment Plans

Costs incurred under the Company’s other reorganization and realignment plans were not material during the three months ended March 29, 2026 and March 30, 2025. The Company does not expect to incur any material additional costs under these plans.