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Restructuring
9 Months Ended
Sep. 28, 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 and charges for streamlining of certain operating activities.

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

 

 

Three Months Ended

 

 

Nine Months Ended

 

 

 

September 28,

 

 

September 30,

 

 

September 28,

 

 

September 30,

 

 

 

2024

 

 

2023

 

 

2024

 

 

2023

 

Cost of goods sold

 

$

1,084

 

 

$

 

 

$

2,575

 

 

$

2,279

 

Operating expenses

 

 

2,167

 

 

 

 

 

 

3,046

 

 

 

3,226

 

Total restructuring expenses

 

$

3,251

 

 

$

 

 

$

5,621

 

 

$

5,505