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Restructuring, Impairment, and Other Charges
 9 Months Ended
Sep. 28, 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 nine months ended September 28, 2024 and September 30, 2023 as follows:
Three Months Ended September 28, 2024Nine Months Ended September 28, 2024
(in thousands)ElectronicsTransportationIndustrialTotalElectronicsTransportationIndustrialTotal
Employee terminations$1,140 $404 $1 $1,545 $6,245 $1,995 $417 $8,657 
Other restructuring charges95 187 13 295 234 474 31 739 
Total restructuring charges1,235 591 14 1,840 6,479 2,469 448 9,396 
Impairment — — — — — 933 — 933 
   Total$1,235 $591 $14 $1,840 $6,479 $3,402 $448 $10,329 

 Three Months Ended September 30, 2023Nine Months Ended September 30, 2023
(in thousands)ElectronicsTransportationIndustrialTotalElectronicsTransportationIndustrialTotal
Employee terminations$1,174 $1,665 $293 $3,132 $2,833 $2,598 $887 $6,318 
Other restructuring charges64 138 364 566 321 822 1,018 2,161 
Total restructuring charges1,238 1,803 657 3,698 3,154 3,420 1,905 8,479 
Impairment — — 818 818 — 3,870 872 4,742 
   Total$1,238 $1,803 $1,475 $4,516 $3,154 $7,290 $2,777 $13,221 
2024
For the three and nine months ended September 28, 2024, the Company recorded total restructuring charges of $1.8 million and $9.4 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 nine months ended September 30, 2023, the Company recorded total restructuring charges of $3.7 million and $8.5 million, respectively, primarily for employee termination costs. These charges primarily related to the reorganization of certain manufacturing, selling and administrative functions within the Transportation segment’s commercial vehicle business, and the reorganization of certain selling and administrative functions within the Electronics segment due to the C&K Switches acquisition. During the third quarter of 2023, the Company recognized a $0.8 million impairment charge substantially related to certain patents in a business within the Industrial 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 September 28, 2024 and December 30, 2023 are $4.5 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 of fiscal year 2025.