Restructuring and Non-recurring Charges

9 Months Ended

Jun. 28, 2025

Restructuring and Related Activities [Abstract]

Restructuring and non-recurring charges are recorded within restructuring and other charges on the Condensed Consolidated Statements of Comprehensive Income. Restructuring liabilities are primarily recorded within other accrued liabilities on the Condensed Consolidated Balance Sheets.

For the three months ended June 28, 2025, the Company did not incur any restructuring and other charges. For the nine months ended June 28, 2025, the Company incurred restructuring costs of $4.7 million which primarily consisted of severance costs associated with a reduction of the Company's workforce in the EMEA and AMER regions. The Company recognized a tax benefit of $0.5 million related to these restructuring and other charges.

For the three months ended June 29, 2024, the Company incurred restructuring and other charges of $9.2 million, which consisted of severance from the reduction of the Company's workforce and associated site closure costs in the Company's AMER region. For the nine months ended June 29, 2024, the Company incurred restructuring and other charges of $20.3 million, which consisted of the previously mentioned site closure costs in the AMER region, as well as severance from the reduction of the Company's workforce and closure costs associated with a site in the Company's EMEA region. These costs were offset by insurance proceeds received associated with an arbitration decision regarding a contractual matter that occurred in the Company's EMEA region in fiscal 2023. The Company recognized a tax benefit of $1.0 million and $2.1 million, respectively, related to restructuring and other charges for the three and nine months ended June 29, 2024.

The Company's restructuring accrual activity for the three and nine months ended June 28, 2025 and June 29, 2024 are included in the table below (in thousands):


	Termination and Severance Costs		Fixed Asset and Operating ROU Asset Impairment		Total
Accrual balance, as of September 28, 2024	$	1,496	$	1,109	$	2,605
Restructuring and other charges	3,512		1,171		4,683
Amounts utilized	(2,770)		(1,325)		(4,095)
Accrual balance, as of December 28, 2024	$	2,238	$	955	$	3,193
Restructuring and other charges	—		—		—
Amounts utilized	(1,716)		(603)		(2,319)
Accrual balance, as of March 29, 2025	$	522	$	352	$	874
Restructuring and other charges	—		—		—
Amounts utilized	(355)		(208)		(563)
Accrual balance, as of June 28, 2025	$	167	$	144	$	311


	Termination and Severance Costs		Fixed Asset and Operating ROU Asset Impairment		Arbitration Recovery		Total
Accrual balance, as of December 30, 2023	$	—	$	—	$	—	$	—
Restructuring and other charges	9,865		3,423		(2,250)		11,038
Amounts utilized	(3,858)		(1,767)		2,250		(3,375)
Accrual balance, as of March 30, 2024	$	6,007	$	1,656	$	—	$	7,663
Restructuring and other charges	4,265		4,954		—		9,219
Amounts utilized	(5,795)		(4,887)		—		(10,682)
Accrual balance, as of June 29, 2024	$	4,477	$	1,723	$	—	$	6,200