Note 8. Restructuring and Related Activities

6 Months Ended

Apr. 02, 2022

Restructuring and Related Activities [Abstract]

Restructuring and Related Activities Disclosure [Text Block]

Note 8. Restructuring

The following table is a summary of restructuring costs:

	Restructuring Expense
	Three Months Ended				Six Months Ended
	April 2, 2022		April 3, 2021		April 2, 2022		April 3, 2021
	(In thousands)
Severance costs	$	80	$	10,656	$	(163)	$	11,492
Other exit costs (recognized as incurred)	228		9		639		9
Total - Q1 FY20 Plan	308		10,665		476		11,501
Costs incurred for other plans	2,623		1,215		3,870		2,283
Total - all plans	$	2,931	$	11,880	$	4,346	$	13,784

Q1 FY20 Plan

On October 28, 2019, the Company adopted a Company-wide restructuring plan ("Q1 FY20 Plan"), under which the Company has incurred costs of approximately $30 million as of April 2, 2022. These costs consist primarily of severance, the majority of which had been paid as of the end of the second quarter of 2022. Remaining cash payments are expected to occur through the end of 2023. Actions under this plan are substantially complete.

Other Restructuring 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 for the six months ended April 3, 2021 and none for the six months ended April 2, 2022. The Company’s CPS segment incurred costs of $4 million for each of the six months ended April 2, 2022 and April 3, 2021. The Company had accrued liabilities of $4 million and $6 million as of April 2, 2022 and October 2, 2021 for restructuring costs (exclusive of long-term environmental remediation liabilities).

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.