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Restructuring
6 Months Ended
Jun. 29, 2024
Restructuring Charges [Abstract]  
Restructuring

NOTE 16. Restructuring

From time to time, the Company approves restructuring plans, which include workforce reductions, to streamline operations and align the Company’s cost structure with its business outlook. These restructuring plans may result in charges to cost of goods sold for streamlining of certain manufacturing activities or for inventory write-downs primarily related to the exit of older product lines. Charges to operating expenses primarily include employee severance costs that are paid during the period incurred.

Restructuring expenses recorded in the Condensed Consolidated Statements of Operations are as follows:

 

 

Three Months Ended

 

 

Six Months Ended

 

 

 

June 29,

 

 

July 1,

 

 

June 29,

 

 

July 1,

 

 

 

2024

 

 

2023

 

 

2024

 

 

2023

 

Cost of goods sold

 

$

703

 

 

$

 

 

$

1,491

 

 

$

2,279

 

Operating expenses

 

 

621

 

 

 

1,192

 

 

 

879

 

 

 

3,226

 

Total restructuring expenses

 

$

1,324

 

 

$

1,192

 

 

$

2,370

 

 

$

5,505