Restructuring and Lease Charges, Net

6 Months Ended

Jul. 03, 2022

Restructuring and Related Activities [Abstract]

Restructuring and Lease Charges, Net

Restructuring and Other Costs, Net

The Company implemented restructuring plans in the first and second quarters of fiscal year 2022 consisting of workforce reductions principally intended to realign resources to emphasize growth initiatives and integrate new acquisitions (the "Q1 2022 Plan" and "Q2 2022 Plan", respectively). The Company implemented restructuring plans in each quarter of fiscal year 2021 consisting of workforce reductions principally intended to realign resources to emphasize growth initiatives and integrate new acquisitions (the "Q1 2021 Plan", "Q2 2021 Plan", "Q3 2021 Plan" and "Q4 2021 Plan", respectively). Details of the plans initiated in previous years (the “Previous Plans”) are discussed more fully in Note 4, Restructuring and Other Costs, Net, to the audited consolidated financial statements in the 2021 Form 10-K.

The following table summarizes the reductions in headcount, the initial restructuring or contract termination charges by reporting segment, and the dates by which payments were substantially completed, or the dates by which payments are expected to be substantially completed, for restructuring actions implemented during fiscal years 2022 and 2021:

	Workforce Reductions					Closure of Excess Facility				Total		(Expected) Date Payments Substantially Completed by
	Headcount Reduction	Discovery & Analytical Solutions		Diagnostics		Discovery & Analytical Solutions		Diagnostics				Severance	Excess Facility
	(In thousands, except headcount data)
Q2 2022 Plan	243	$	7,336	$	2,052	$	—	$	—	$	9,388	Q3 FY2022	—
Q1 2022 Plan	81	5,832		399		—		—		6,231		Q4 FY2022	—
Q4 2021 Plan	31	3,139		77		150		—		3,366		Q3 FY2022	Q1 FY2023
Q3 2021 Plan	39	420		366		—		—		786		Q2 FY2022	—
Q2 2021 Plan	25	968		564		—		—		1,532		Q1 FY2022	—
Q1 2021 Plan	77	3,941		1,615		—		—		5,556		Q4 FY2021	—

The Company has terminated various contractual commitments in connection with certain disposal activities and has recorded charges for the costs of terminating these contracts before the end of their terms and the costs that will continue to be incurred for the remaining terms without economic benefit to the Company. The Company recorded net pre-tax charges of $1.8 million and $8.0 million in the Discovery & Analytical Solutions segment during the three and six months ended July 3, 2022, respectively, as a result of these contract terminations. The Company recorded net pre-tax charges (gains) of $0.3 million and $(0.1) million in the Diagnostics segment during the three and six months ended July 3, 2022, respectively, as a result of changes in estimates from prior contract terminations.

The Company recorded pre-tax charges of $0.3 million and $1.7 million associated with closure of facilities during the three and six months ended July 3, 2022, respectively, in the Discovery & Analytical Solutions segment. The Company recorded pre-tax charges of $0.1 million associated with closure of facilities during each of the three and six months ended July 3, 2022 in the Diagnostics segment. The Company expects to make payments on these relocation activities through end of fiscal year 2023.