Restructuring, Integration, and Other Charges

3 Months Ended

Mar. 28, 2020

Restructuring Charges [Abstract]

Restructuring, Integration and Other Charges [Text Block]

Restructuring, Integration, and Other Charges

Restructuring initiatives are due to the company’s continued efforts to lower cost and drive operational efficiency. Integration costs are primarily related to the integration of acquired businesses within the company’s pre-existing business and the consolidation of certain operations. The following table presents the components of the restructuring, integration, and other charges:

	Quarter Ended
	March 28, 2020		March 30, 2019
Restructuring and integration charges - current period actions	$	3,705	$	3,007
Restructuring and integration charges (credits) - actions taken in prior periods	1,521		(61		)
Other charges	3,912		8,714
	$	9,138	$	11,660

Restructuring and Integration Accrual Summary

The restructuring and integration accrual was $9,916 and $9,667 at March 28, 2020 and December 31, 2019, respectively. During the three months ended March 28, 2020, the company made $4,163 of payments related to restructuring and integration accruals. Substantially all amounts accrued at March 28, 2020, and all restructuring and integration charges for the three months ending March 28, 2020, relate to the termination of personnel and are expected to be spent in cash within two years.

Other Charges

Included in restructuring, integration, and other charges for the first quarter of 2020 are other expenses of $3,912. The following items were included in other charges and credits recorded to restructuring, integration, and other charges for the three months ended March 28, 2020:

• personnel charges for the first quarter of $2,439 related to the operating expense reduction program previously disclosed on July 15, 2019. The accrual related to the operating expense reduction program was $20,554 at March 28, 2020, and all accrued amounts are expected to be paid within five years.

Included in restructuring, integration, and other charges for the first quarter of 2019 are other expenses of $8,714. The following items were included in other charges and credits recorded to restructuring, integration, and other charges for the three months ended March 30, 2019:

• acquisition-related charges for the first quarter of $1,022 related to professional and other fees directly related to recent acquisition activity as well as contingent consideration for acquisitions completed in prior years; and

•

$5,559 in charges related to relocation and other centralization efforts to maximize operating efficiencies.