Note 8 Restructuring

9 Months Ended

Jul. 03, 2021

Restructuring and Related Activities [Abstract]

Restructuring and Related Activities Disclosure [Text Block]

Restructuring

The following table is a summary of restructuring costs:

	Restructuring Expense
	Three Months Ended				Nine Months Ended
	July 3, 2021		June 27, 2020		July 3, 2021		June 27, 2020
	(In thousands)
Severance costs	$	(1,618)	$	1,430	$	9,874	$	12,882
Other exit costs (recognized as incurred)	989		17		998		69
Total - Q1 FY20 Plan	(629)		1,447		10,872		12,951
Costs incurred for other plans	247		1,366		2,530		7,377
Total - all plans	$	(382)	$	2,813	$	13,402	$	20,328

Q1 FY20 Plan

On October 28, 2019, the Company adopted a Company-wide restructuring plan ("Q1 FY20 Plan"). During the three months ended July 3, 2021, the Company revised its estimate of the amount of severance to be paid under the Q1 FY20 Plan to reflect voluntary attrition, differences between estimated and actual amounts paid during the quarter and other factors. As of July 3, 2021, the Company had incurred restructuring charges of approximately $29 million, consisting primarily of severance costs, under the Q1 FY20 Plan. Cash payments of severance are expected to occur through the end of calendar 2021.

Other Plans

Other plans include a number of plans for which costs are not expected to be material individually or in the aggregate.

All Plans

The Company’s Integrated Manufacturing Solutions ("IMS") segment incurred costs of $9 million and $10 million for the nine months ended July 3, 2021 and June 27, 2020, respectively. The Company’s CPS segment incurred costs of $4 million and $8 million for the nine months ended July 3, 2021 and June 27, 2020, respectively. In addition, $1 million and $2 million of costs were incurred during the nine months ended July 3, 2021 and June 27, 2020, respectively, for corporate headcount reductions that were not allocated to the Company's IMS and CPS segments. The Company had accrued liabilities of $9 million as of July 3, 2021 and October 3, 2020 for restructuring costs (exclusive of long-term environmental remediation liabilities).

In addition to costs expected to be incurred under the Q1 FY20 Plan, the Company expects to incur restructuring costs in future periods primarily for vacant facilities and former sites for which the Company is or may be responsible for environmental remediation.