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Restructuring, Impairment, and Other Charges
 6 Months Ended
Jun. 28, 2025
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 28, 2025 and June 29, 2024 as follows:
Three Months Ended June 28, 2025Six Months Ended June 28, 2025
(in thousands)ElectronicsTransportationIndustrialTotalElectronicsTransportationIndustrialTotal
Employee terminations$1,100 $1,350 $24 $2,474 $5,904 $4,482 $436 $10,822 
Other restructuring charges7 25 — 32 518 48 1 567 
Total restructuring charges1,107 1,375 24 2,506 6,422 4,530 437 11,389 
Impairment — — — — 136 — — 136 
   Total$1,107 $1,375 $24 $2,506 $6,558 $4,530 $437 $11,525 

 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 
2025
For the three and six months ended June 28, 2025, the Company recorded total restructuring charges of $2.5 million and $11.4 million, respectively, primarily for employee termination costs. These charges primarily related to the reorganization of certain manufacturing, selling and corporate support functions across all businesses within the Transportation segment and for the semiconductor business within the Electronics segment. In addition, during the first fiscal quarter of 2025, the Company recognized a $0.1 million impairment charge related to certain machinery and equipment within the Electronics segment.

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 fiscal 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.

The restructuring reserves as of June 28, 2025 and December 28, 2024 were $5.0 million and $4.6 million, respectively. The restructuring liability as of June 28, 2025 was $4.7 million included within Accrued liabilities and $0.3 million within Other long-term liabilities in the Condensed Consolidated Balance Sheets. The Company anticipates the remaining payments associated with employee terminations will primarily be completed during fiscal year 2025.