Restructuring, Impairment and Other Charges

6 Months Ended

Jun. 29, 2019

Restructuring and Related Activities [Abstract]

Restructuring, Impairment and Other Charges

The Company recorded restructuring, impairment and other charges for the three and six months ended June 29, 2019 and June 30, 2018 as follows:



	Three months ended June 29, 2019								Six months ended June 29, 2019
(in thousands)	Electronics		Automotive		Industrial		Total		Electronics		Automotive		Industrial		Total
Employee terminations	$	1,698	$	3,241	$	674	$	5,613	$	3,498	$	3,846	$	721	$	8,065
Other restructuring charges	—		70		—		70		13		90		250		353
Total restructuring charges	1,698		3,311		674		5,683		3,511		3,936		971		8,418
Total	$	1,698	$	3,311	$	674	$	5,683	$	3,511	$	3,936	$	971	$	8,418



	Three months ended June 30, 2018								Six months ended June 30, 2018
(in thousands)	Electronics		Automotive		Industrial		Total		Electronics		Automotive		Industrial		Total
Employee terminations	$	2,402	$	—	$	62	$	2,464	$	3,079	$	99	$	65	$	3,243
Other restructuring charges	670		—		—		670		670		—		—		670
Total restructuring charges	3,072		—		62		3,134		3,749		99		65		3,913
Impairment	—		88		1,037		1,125		—		88		1,037		1,125
Total	$	3,072	$	88	$	1,099	$	4,259	$	3,749	$	187	$	1,102	$	5,038

2019

For the three and six months ended June 29, 2019, the Company recorded total restructuring charges of $5.7 million and $8.4 million, respectively, for employee termination costs and other restructuring charges.These charges primarily related to the reorganization of operations and selling, general and administrative functions as well as the integration of IXYS within the Electronics segment and the reorganization of operations in the automotive sensors and commercial vehicle products businesses within the Automotive segment.

In April 2019, we announced the closure of a European manufacturing facility in the automotive sensors business within the Automotive segment. The Company recorded $1.7 million of employee termination costs associated with this plant closure.

2018

For the three and six months ended June 30, 2018, the Company recorded total restructuring charges of $3.1 million and $3.9 million, respectively, for employee termination costs and other restructuring charges related to lease termination and facility closure. These charges primarily related to the integration of IXYS and the reorganization of the IXYS Radio Pulse business within the Electronics segment. For the three and six months ended June 30, 2018, the Company recorded impairment charges of $1.1 million primarily related to the impairment of a building and a trade name associated with the exit of the Custom business within the Industrial segment.

The restructuring reserves as of June 29, 2019 and December 29, 2018 are $4.8 million and $3.9 million, respectively. The restructuring reserves are included within accrued liabilities in the Condensed Consolidated Balance Sheets. The Company anticipates the remaining payments associated with employee terminations will primarily be completed by December 2019.