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Restructuring, Impairment, and Other Charges
9 Months Ended
Sep. 27, 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 nine months ended September 27, 2025 and September 28, 2024 as follows:
Three Months Ended September 27, 2025Nine Months Ended September 27, 2025
(in thousands)ElectronicsTransportationIndustrialTotalElectronicsTransportationIndustrialTotal
Employee terminations$496 $1,097 $— $1,593 $6,400 $5,579 $436 $12,415 
Other restructuring charges30 10 — 40 548 58 607 
Total restructuring charges526 1,107 — 1,633 6,948 5,637 437 13,022 
Impairment — — — — 136 — — 136 
   Total$526 $1,107 $— $1,633 $7,084 $5,637 $437 $13,158 

 Three Months Ended September 28, 2024Nine Months Ended September 28, 2024
(in thousands)ElectronicsTransportationIndustrialTotalElectronicsTransportationIndustrialTotal
Employee terminations$1,140 $404 $$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 
2025
For the three and nine months ended September 27, 2025, the Company recorded total restructuring charges of $1.6 million and $13.0 million, respectively, primarily for employee termination costs. These charges primarily related to the reorganization of certain manufacturing, selling and corporate support functions for the semiconductor business within the Electronics segment and across all businesses within the Transportation 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 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 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 September 27, 2025 and December 28, 2024 were $4.2 million and $4.6 million, respectively. The restructuring liability as of September 27, 2025 was $4.2 million and 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 during fiscal year 2025.