Restructuring, Integration, and Other Charges (Credits)

6 Months Ended

Jul. 02, 2022

Restructuring Charges [Abstract]

Restructuring, Integration and Other Charges (Credits) [Text Block]

Restructuring, Integration, and Other Charges

Restructuring initiatives and integration costs are due to the company's continued efforts to lower costs, drive operational efficiency, integrate any acquired businesses, and the consolidation of certain operations, as necessary. The following table presents the components of the restructuring, integration, and other charges:

	Quarter Ended				Six Months Ended
	July 2, 2022		July 3, 2021		July 2, 2022		July 3, 2021
Restructuring and integration charges - current period actions	$	1,619	$	5,161	$	4,344	$	10,011
Restructuring and integration charges (credits) - actions taken in prior periods	(426)		94		906		1,494
Other charges	1,301		3,705		2,142		3,164
	$	2,494	$	8,960	$	7,392	$	14,669

Restructuring and Integration Accrual Summary

The restructuring and integration accrual was $8,858 and $11,201 at July 2, 2022 and December 31, 2021, respectively. During the second quarter and first six months of 2022, the company made $61 and $7,016 of payments related to restructuring and

integration accruals, and recorded $1,193 and $5,250 in restructuring and integration charges, respectively. The remaining changes to the accrual related to changes in foreign exchange rates during the year. Substantially all amounts accrued at July 2, 2022, and all restructuring and integration charges for the first six months of 2022, relate to the termination of personnel and are expected to be spent in cash within one year.

Other Charges

Other charges for the second quarter and the first six months of 2021 of $3,705 and $3,164, respectively, include $4,482 in impairment related to various long lived assets recorded for the second quarter and first six months of 2021.