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Restructuring, Impairment, and Other Charges
 12 Months Ended
Dec. 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 fiscal years 2024, 2023, and 2022 as follows:
Fiscal Year Ended December 28, 2024
(in thousands)ElectronicsTransportationIndustrialTotal
Employee terminations$8,748 $4,620 $583 $13,951 
Other restructuring charges310 543 122 975 
   Total restructuring charges9,058 5,163 705 14,926 
Impairment — 9,549 83,966 93,515 
   Total$9,058 $14,712 $84,671 $108,441 

Fiscal Year Ended December 30, 2023
(in thousands)ElectronicsTransportationIndustrialTotal
Employee terminations$4,162 $3,649 $894 $8,705 
Other restructuring charges342 976 1,625 2,943 
   Total restructuring charges4,504 4,625 2,519 11,648 
Impairment 111 3,870 872 4,853 
   Total$4,615 $8,495 $3,391 $16,501 
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 

2024
For the year ended December 28, 2024, the Company recorded $93.5 million of non-cash impairment charges, which included $47.8 million for the impairment of intangible assets primarily related to certain acquired customer relationships, developed technology, and tradename in the Industrial controls and sensors reporting unit within the Industrial segment, and $36.1 million and $8.6 million of non-cash goodwill impairment charges associated with the Industrial controls and sensors reporting unit within the Industrial segment and the Automotive sensors reporting unit within the Transportation segment, respectively. The remaining impairment charges included $0.2 million for patents and customer relationships related to the exit of a small business in China within the Industrial segment. In addition, during the first quarter of 2024, the Company recognized a $0.9 million impairment related to certain machinery and equipment in the commercial vehicle business within the Transportation segment. The Company also recorded total restructuring charges of $14.9 million, primarily for employee termination costs. These charges primarily related to the reorganization of certain manufacturing, selling and administrative functions in the semiconductor business within the Electronics segment and the reorganization of certain selling and administrative functions in the commercial vehicle business within the Transportation segment. See Note 5, Goodwill and Other Intangible Assets for further discussion regarding the goodwill and intangible impairment charges.

2023
For the year ended December 30, 2023, the Company recorded total restructuring charges of $11.6 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 commercial vehicle business, the reorganization of certain selling and administrative functions within the Electronics segment due to the C&K Switches acquisition, and reorganization of certain manufacturing, selling and administrative functions within the Industrial segment. During 2023, the Company recorded 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, a $0.9 million impairment charge substantially related to certain patents in a business within the Industrial segment, and a $0.1 million impairment related to certain machinery and equipment in the semiconductor business within the Electronics segment.

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.

The restructuring reserves as of December 28, 2024 and December 30, 2023 are $4.6 million and $2.1 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 28, 2024. The Company anticipates that the remaining payments associated with employee terminations will be substantially completed in fiscal 2025.