XML 40 R29.htm IDEA: XBRL DOCUMENT v3.25.2
Restructuring, Integration, and Other (Tables)
6 Months Ended
Jun. 28, 2025
Restructuring, Integration, and Other  
Schedule of components of the restructuring, integration, and other charges

Quarter Ended

Six Months Ended

June 28,

June 29,

June 28,

June 29,

(thousands)

    

2025

    

2024

    

2025

    

2024

Restructuring, integration and related costs

Operating Expense Efficiency Plan costs (a)

$

19,946

$

$

28,631

$

Other plans

582

464

1,883

100

Other expenses

Operating expense reduction costs not related to restructuring initiatives (b)

(1,821)

32,846

1,928

75,608

Early lease termination costs

76

3,207

1,331

6,525

Other charges

3,136

4,020

5,459

5,160

$

21,919

$

40,537

$

39,232

$

87,393

(a)See details related to the Operating Expense Efficiency Plan discussed below.
(b)These costs are primarily related to employee severance and benefit costs. As of June 28, 2025, the accrued liabilities related to these costs totaled $7.9 million and substantially all accrued amounts are expected to be spent in cash within one year.
Operating Expense Efficiency Plan costs  
Restructuring, Integration, and Other  
Schedule of components of the restructuring, integration, and other charges

(thousands)

    

Income Statement Line

    

Quarter Ended
June 28,
2025

    

Six Months Ended
June 28,
2025

    

Total Cost Incurred to Date

Employee severance and benefit costs

Restructuring, integration, and other

$

12,659

$

19,413

$

20,761

Inventory (recoveries) write-downs 

Cost of sales

(2,172)

(4,639)

45,705

Asset impairments

Restructuring, integration, and other

-

-

1,416

Other costs (a)

Restructuring, integration, and other

7,287

9,218

16,733

$

17,774

$

23,992

$

84,615

(a)Other costs consist primarily of consulting and other professional fees, early lease termination fees, and foreign currency translation adjustment write-offs.
Schedule of activity in the restructuring, integration, and other accruals

(thousands)

    

Employee Severance and Benefit Costs

    

Inventory Recoveries

    

Other Costs

    

Total

Balance at December 31, 2024

$

384

$

-

$

202

$

586

Restructuring related charges

19,413

(4,639)

9,218

23,992

Cash (payments) receipts

(10,086)

4,639

(4,491)

(9,938)

Foreign currency translations

157

-

414

571

Balance at June 28, 2025

$

9,868

$

-

$

5,343

$

15,211