Restructuring and Other Charges (Tables)

9 Months Ended

Oct. 02, 2022

Restructuring and Related Activities [Abstract]

Summary of Restructuring, Asset Impairment and Other Charges by Reportable Segment

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

	Three Months Ended				Nine Months Ended
	October 2, 2022		October 3, 2021		October 2, 2022		October 3, 2021
	(in thousands)
AMS	$	—	$	(1)	$	—	$	(1)
EAAA	(105)		3,814		1,592		3,622
Total restructuring, asset impairment and other charges	$	(105)	$	3,813	$	1,592	$	3,621

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				Retention Bonuses		Asset Impairment and Other Related Charges
	2021 Plan		2019 Plan		2021 Plan		2021 Plan		Total
	(in thousands)
Balance, at January 2, 2022	$	2,257	$	97	$	—	$	—	$	2,354
Charged to expenses	1		—		348		1,243		1,592
Deductions	(1,369)		(97)		(71)		—		(1,537)
Charged to other accounts	—		—		—		(1,243)		(1,243)
Balance, at October 2, 2022	$	889	$	—	$	277	$	—	$	1,166

Schedule of Expected and Cumulative Restructuring, Asset Impairment and Other Charges

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

	Workforce Reduction		Retention Bonuses(2)		Asset Impairment and Other Related Charges		Total
	(in thousands)
Estimated expected charges(1)	$	2,300	$	500	$	3,700	$	6,500
Cumulative charges incurred to date(1)	2,258		348		2,893		5,499

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

(2) The retention bonuses will be recognized through the first quarter of 2023 as earned over the requisite service periods.