Restructuring Costs (Tables)

12 Months Ended

Dec. 30, 2023

Restructuring and Related Activities [Abstract]

Restructuring and Related Costs

During the fourth quarter of fiscal 2023, the Company recognized $15.7 million of restructuring costs, as follows (in thousands):

	2023
Cash restructuring costs:
Contract termination costs (1)	$	7,410
Severance and employee-related benefits	4,966
Professional fees and other	1,110
Total cash restructuring costs	13,486
Non-cash restructuring costs:
Asset impairments (2)	2,242
Total restructuring costs	$	15,728

____________________

(1)Primarily comprised of lease termination costs.

(2) Includes impairments of both lease right-of-use assets and property and equipment.

Schedule of Restructuring Reserve by Type of Cost

The following table provides the activity in the Company’s restructuring related liabilities, which are included within accounts payable, compensation and benefits and other current liabilities on the consolidated balance sheet (in thousands):

	2023
Balance at December 31, 2022	$	—
Expenses	13,486
Cash payments	(4,766)
Balance at December 30, 2023	$	8,720