Restructuring expenses

3 Months Ended

Oct. 03, 2026

Restructuring expenses

Restructuring expenses

13. Restructuring expenses

Fiscal 2027

During fiscal 2027, the Company incurred restructuring expenses primarily related to headcount reductions including restructuring actions taken related to a planned warehouse closure in Europe. The following table presents the activity incurred during the first quarter of fiscal 2027:

			Facility
	Severance		Exit Costs		Total
	(Thousands)
Fiscal 2027 restructuring expenses	$	4,226	$	439	$	4,665
Cash payments		(766)		—		(766)
Other, principally foreign currency translation		(8)		—		(8)
Balance at October 3, 2026	$	3,452	$	439	$	3,891

Severance expense recorded in the first quarter of fiscal 2027 related to the reduction or planned reduction of employees. Of the $4.7 million in restructuring expenses recorded in the first quarter of fiscal 2027, $4.4 million related to EC, and $0.3 million related to Farnell. The Company expects the majority of the remaining amounts to be paid by the end of fiscal 2027.

Fiscal 2026

During fiscal 2026, the Company incurred $87.7 million in restructuring expenses primarily related to headcount reductions including restructuring actions taken to reduce costs in Farnell and Europe including the announced closure of a distribution center in Europe. The following table presents the activity during the first quarter of fiscal 2027 related to the restructuring liabilities established during fiscal 2026:

			Facility
	Severance		Exit Costs		Other		Total
	(Thousands)
Balance at June 27, 2026	$	69,596	$	601	$	64	$	70,261
Cash payments		(120)		—		—		(120)
Changes in estimates, net		166		—		—		166
Other, principally foreign currency translation		11		—		—		11
Balance at October 3, 2026	$	69,653	$	601	$	64	$	70,318