Note 8. Restructuring and Related Activities

9 Months Ended

Jul. 02, 2022

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 2, 2022		July 3, 2021		July 2, 2022		July 3, 2021
	(In thousands)
Severance costs	$	326	$	(1,618)	$	163	$	9,874
Other exit costs (recognized as incurred)	608		989		1,247		998
Total - Q1 FY20 Plan	934		(629)		1,410		10,872
Costs incurred for other plans	3,060		247		6,930		2,530
Total - all plans	$	3,994	$	(382)	$	8,340	$	13,402

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 $31 million as of July 2, 2022. These costs consist primarily of severance, the majority of which had been paid as of the end of the third quarter of 2022. Remaining cash payments are expected to occur through the end of 2023. Actions under this plan are substantially complete.

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.

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 nine months ended July 3, 2021 and none for the nine months ended July 2, 2022. The Company’s CPS segment incurred costs of $8 million and $4 million for the nine months ended July 2, 2022 and July 3, 2021, respectively. The Company had accrued liabilities of $7 million and $6 million as of July 2, 2022 and October 2, 2021, respectively for restructuring costs (exclusive of long-term environmental remediation liabilities).

The Company expects to incur restructuring costs, which could be material, in future periods primarily relating to vacant facilities and former sites for which the Company is or may be responsible for environmental remediation.