Note 6 - Restructuring

3 Months Ended

Apr. 04, 2026

Notes to Financial Statements

Restructuring and Related Activities Disclosure [Text Block]

Note 6 - Restructuring

Under the Q3 2024 Plan, which is described in our 2025 10-K, we incurred restructuring costs of $0.4 million and $0.1 million, respectively, in the first quarter of fiscal 2026 and 2025. Under this plan, $11.4 million of total costs have been incurred through April 4, 2026. The Q3 2024 Plan is expected to be largely complete by the end of the second quarter of fiscal year 2026.

Other restructuring activity in the periods presented consisted of expense adjustments on previous plans. Costs and adjustments on restructuring plans are recorded to Restructuring and other on our Consolidated Statements of Operations. The restructuring accrual balance is presented in Accrued liabilities and in Other long-term liabilities on our Consolidated Balance Sheets. The following table displays the activity related to our restructuring plans:

(In thousands)	Severance & Related			Lease Termination & Fixed Assets			Total
Accrued Restructuring at January 3, 2026	$	956		$	—		$	956
Restructuring		436			—			436
Costs paid or otherwise settled		(892	)		—			(892	)
Accrued Restructuring at April 4, 2026	$	500		$	—		$	500
Accrued Restructuring at December 28, 2024	$	1,905		$	2,964		$	4,869
Restructuring		96			40			136
Costs paid or otherwise settled		(1,503	)		(451	)		(1,954	)
Accrued Restructuring at March 29, 2025	$	498		$	2,553		$	3,051