Restructuring expenses

9 Months Ended

Mar. 28, 2026

Restructuring expenses

Restructuring expenses

13. Restructuring expenses

Fiscal 2026

During fiscal 2026, the Company incurred restructuring expenses primarily related to headcount reductions including restructuring actions taken to reduce costs in Farnell and Europe. The following table presents the activity during the first nine months of fiscal 2026 related to the restructuring liabilities established during fiscal 2026:

	Severance		Other		Total
	(Thousands)
Fiscal 2026 restructuring expenses	$	15,742	$	3,133	$	18,875
Cash payments		(9,592)		(3,067)		(12,659)
Other, principally foreign currency translation		(19)		(2)		(21)
Balance at March 28, 2026	$	6,131	$	64	$	6,195

Severance expense recorded in the first nine months of fiscal 2026 related to the reduction, or planned reduction, of over 200 employees, primarily in business operations and support functions. Of the $18.9 million in restructuring expenses recorded in the first nine months of fiscal 2026, $15.1 million related to EC, and $3.8 million related to Farnell. The Company expects the majority of the remaining amounts to be paid by the end of fiscal 2026.