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RESTRUCTURING COSTS

9 Months Ended

Sep. 27, 2025

Restructuring and Related Activities [Abstract]

RESTRUCTURING COSTS

14. RESTRUCTURING COSTS

During the first three fiscal quarters of 2025, the Company initiated certain business restructuring activities aimed at improving operational efficiency and aligning resources with strategic priorities. These activities resulted in restructuring charges of $1.7 million and $17.4 million for the three and nine months ended September 27, 2025, respectively, primarily related to (i) an internal reorganization, combining two complementary divisions into one and realigning its customer facing organization, which occurred in the fourth quarter of 2024, and (ii) commencing in the second quarter of 2025, workforce reductions and the abandonment of certain capital equipment no longer necessary for the Company’s long-term objectives. These restructuring activities are deemed to be discrete initiatives that are different from the Company’s ongoing productivity improvements.

The charges related to these restructuring activities were recognized in the condensed consolidated statements of operations for the three and nine months ended September 27, 2025 as follows:

			Three months ended September 27, 2025																		Nine months ended September 27, 2025
(In millions)			Employee Termination Benefits						Asset Impairment Charges						Total						Employee Termination Benefits						Asset Impairment Charges						Total
Cost of sales			$	0.3					$	—					$	0.3					$	2.6					$	—					$	2.6
Selling, general and administrative			0.4						—						0.4						5.4						6.3						11.7
Engineering, research and development			1.0						—						1.0						3.1						—						3.1
Total			$	1.7					$	—					$	1.7					$	11.1					$	6.3					$	17.4

Restructuring charges by reportable segment as well as unallocated corporate level charges for the three and nine months ended September 27, 2025 were as follows:

			Three months ended September 27, 2025																		Nine months ended September 27, 2025
(In millions)			Employee Termination Benefits						Asset Impairment Charges						Total						Employee Termination Benefits						Asset Impairment Charges						Total
MS			$	0.7					$	—					$	0.7					$	3.8					$	—					$	3.8
APS			1.0						—						1.0						6.9						6.3						13.2
Unallocated corporate			—						—						—						0.4						—						0.4
Total			$	1.7					$	—					$	1.7					$	11.1					$	6.3					$	17.4

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The entire disclosure for restructuring and related activities. Description of restructuring activities such as exit and disposal activities, include facts and circumstances leading to the plan, the expected plan completion date, the major types of costs associated with the plan activities, total expected costs, the accrual balance at the end of the period, and the periods over which the remaining accrual will be settled.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 420
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 2
-Subparagraph (SAB Topic 5.P.4.e)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479823/420-10-S99-2

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 420
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (b)(2)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482017/420-10-50-1

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 420
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482017/420-10-50-1

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 420
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org/420/tableOfContent

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 420
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (e)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482017/420-10-50-1

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