Restructuring and Other Charges (Tables)

3 Months Ended

Apr. 03, 2022

Restructuring and Related Activities [Abstract]

Summary of Restructuring and Asset Impairment Charges by Reportable Segment

Restructuring and asset impairment charges by reportable segment are presented as follows:

	Three Months Ended
	April 3, 2022		April 4, 2021
	(in thousands)
AMS	$	—	$	—
EAAA	887		(130)
Total restructuring and asset impairment charges	$	887	$	(130)

Schedule of Restructuring Reserve by Plan and Type of Cost

A summary of the restructuring reserve balance, recorded within accrued expenses in the consolidated condensed balance sheets, for the 2021 and 2019 restructuring plans is presented below:

	Workforce Reduction				Asset Impairment
	2021 Plan		2019 Plan		2021 Plan		Total
	(in thousands)
Balance, at January 2, 2022	$	2,257	$	97	$	—	$	2,354
Charged to expenses	1		—		886		887
Deductions	(957)		(97)		—		(1,054)
Charged to other accounts	—		—		(886)		(886)
Balance, at April 3, 2022	$	1,301	$	—	$	—	$	1,301

Schedule of Expected and Cumulative Restructuring Charges

Expected charges and cumulative charges incurred to date under the 2021 restructuring plan are as follows:

	Workforce Reduction		Retention Bonuses(2)		Asset Impairment		Total
	(in thousands)
Estimated expected charges(1)	$	2,258	$	500	$	2,536	$	5,000	—	$	6,000
Cumulative charges incurred to date(1)	2,258		—		2,536					4,794

(1) Charges are attributable to the EAAA reportable segment.

(2) The retention bonuses will be recognized through the end of fiscal year 2022 as earned over the requisite service periods.