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Restructuring, Impairment, and Other Charges
 6 Months Ended
Jun. 29, 2024
Restructuring and Related Activities [Abstract]  
Restructuring, Impairment, and Other Charges Restructuring, Impairment, and Other Charges
The Company recorded restructuring, impairment, and other charges for the three and six months ended June 29, 2024 and July 1, 2023 as follows:
Three Months Ended June 29, 2024Six Months Ended June 29, 2024
(in thousands)ElectronicsTransportationIndustrialTotalElectronicsTransportationIndustrialTotal
Employee terminations$4,501 $437 $5 $4,943 $5,105 $1,591 $416 $7,112 
Other restructuring charges87 209 13 309 139 287 18 444 
Total restructuring charges4,588 646 18 5,252 5,244 1,878 434 7,556 
Impairment — — — — — 933 — 933 
   Total$4,588 $646 $18 $5,252 $5,244 $2,811 $434 $8,489 

 Three Months Ended July 1, 2023Six Months Ended July 1, 2023
(in thousands)ElectronicsTransportationIndustrialTotalElectronicsTransportationIndustrialTotal
Employee terminations$987 $351 $277 $1,615 $1,659 $933 $594 $3,186 
Other restructuring charges250 412 654 1,316 257 684 654 1,595 
Total restructuring charges1,237 763 931 2,931 1,916 1,617 1,248 4,781 
Impairment — 3,870 54 3,924 — 3,870 54 3,924 
   Total$1,237 $4,633 $985 $6,855 $1,916 $5,487 $1,302 $8,705 
2024
For the three and six months ended June 29, 2024, the Company recorded total restructuring charges of $5.3 million and $7.6 million, respectively, primarily for employee termination costs. These charges primarily related to the reorganization of certain manufacturing, selling and administrative functions within the semiconductor business in the Electronics segment and the reorganization of certain selling and administrative functions within the commercial vehicle business in the Transportation segment. In addition, during the first quarter of 2024, the Company recognized a $0.9 million impairment charge related to certain machinery and equipment in the commercial vehicle business within the Transportation segment.

2023
For the three and six months ended July 1, 2023, the Company recorded total restructuring charges of $2.9 million and $4.8 million, respectively, primarily for employee termination costs. These charges primarily related to the reorganization of certain selling and administrative functions within the Electronics segment due to the C&K Switches acquisition and the reorganization of certain manufacturing, selling and administrative functions within the commercial vehicle business in the Transportation segment. In addition, during the second quarter of 2023, the Company recognized a $3.9 million impairment charge related to the land and building of a property in the commercial vehicle business within the Transportation segment that the Company made the decision to donate.

The restructuring reserves as of both June 29, 2024 and December 30, 2023 is $5.5 million and $2.1 million, respectively. The restructuring liability is included within Accrued liabilities in the Condensed Consolidated Balance Sheets. The Company anticipates the remaining payments associated with employee terminations will primarily be completed in the first quarter fiscal year 2025.