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Restructuring, Impairment and Other Charges
12 Months Ended
Dec. 31, 2022
Restructuring and Related Activities [Abstract]  
Restructuring, Impairment, and Other Charges Restructuring, Impairment and Other Charges
The Company recorded restructuring, impairment and other charges for fiscal years 2022, 2021, and 2020 as follows:
Fiscal Year Ended December 31, 2022
(in thousands)ElectronicsTransportationIndustrialTotal
Employee terminations$2,792 $2,694 $283 $5,769 
Other restructuring charges276 1,076 — 1,352 
   Total restructuring charges3,068 3,770 283 7,121 
Impairment 2,856 — — 2,856 
   Total$5,924 $3,770 $283 $9,977 
Fiscal Year Ended January 1, 2022
(in thousands)ElectronicsTransportationIndustrialTotal
Employee terminations$1,124 $404 $347 $1,875 
Other restructuring charges— 283 — 283 
   Total restructuring charges1,124 687 347 2,158 
Fiscal Year Ended December 26, 2020
(in thousands)ElectronicsTransportationIndustrialTotal
Employee terminations$2,540 $682 $2,231 $5,453 
Other restructuring charges— 175 10 185 
   Total restructuring charges2,540 857 2,241 5,638 
Impairment — 33,841 2,237 36,078 
   Total$2,540 $34,698 $4,478 $41,716 
2022
For the year ended December 31, 2022, the Company recorded total restructuring charges of $7.1 million, primarily for employee termination costs. These charges primarily related to the reorganization of certain manufacturing, selling and administrative functions within the Transportation segment's passenger car and automotive sensor businesses and the reorganization of selling and administrative functions within the Electronics segment due to the C&K acquisition. During the fourth quarter of 2022, the Company recorded a $2.9 million non-cash impairment charge for certain acquired technology and patent intangible assets due to a change in use and projected cash flows within the Electronics segment. See Note 5, Goodwill and Other Intangible Assets for further discussion regarding the intangible asset impairment charge.

2021
For the year ended January 1, 2022, the Company recorded total restructuring charges of $2.2 million, primarily for employee termination costs. These charges primarily related to the reorganization of certain manufacturing, selling and administrative functions within the Electronics and Transportation segments.

2020
For the year ended December 26, 2020, the Company recorded total restructuring charges of $5.6 million, primarily for employee termination costs. These charges primarily related to the reorganization of certain manufacturing, selling and administrative functions across all segments and the previously announced consolidation of a manufacturing facility within the Industrial segment. The Company also recognized $36.1 million of impairment charges, which included a $33.8 million goodwill impairment charge associated with the automotive sensors reporting unit within the Transportation segment in the second quarter of 2020 and a $2.2 million impairment charge related to the land and building associated with the Company’s previously announced consolidation of a manufacturing facility within the Industrial segment in the first quarter of 2020. See Note 5, Goodwill and Other Intangible Assets for further discussion regarding the goodwill impairment charge.

The restructuring reserves as of December 31, 2022 and January 1, 2022 are $2.4 million and $2.9 million, respectively. The restructuring reserves are included within accrued liabilities. Payments associated with employee terminations reflected in the above table were substantially completed by December 31, 2022. The Company anticipates that the remaining payments associated with employee terminations will be completed in fiscal 2023.