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Note 8 - Restructuring | 12 Months Ended
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Dec. 30, 2023
Notes to Financial Statements |
Restructuring and Related Activities Disclosure [Text Block] | Note 8 - Restructuring In the third quarter of 2023, our management approved and executed an internal restructuring plan (the “Q3 2023 Plan”), which included a targeted workforce reduction intended to reorganize critical roles and focus skillsets in key growth markets. We incurred restructuring costs of approximately $2.0 million in fiscal 2023. Under this plan, approximately $2.0 million of total costs have been incurred through December 30, 2023. The Q3 2023 plan is expected to be largely complete by the end of fiscal year 2024. In September 2022, our management approved and implemented additional contract cancellations and workforce reductions under the Q2 2019 Sales Plan, an internal restructuring plan that our management approved and executed in April 2019. The Q2 2019 Sales Plan focused on a restructuring of the global sales organization through cancellation of certain contracts and a workforce reduction. Under the Q2 2019 Sales Plan, we incurred no restructuring costs in fiscal 2023, approximately $1.0 million of incremental restructuring costs in fiscal 2022, and no restructuring costs in fiscal 2021. Under this plan, approximately $3.1 million of total expense has been incurred through December 30, 2023. All actions planned under the Q2 2019 Sales Plan have been implemented. In June 2017, our Board of Directors approved an internal restructuring plan (the "June 2017 Plan"), which included actions, among others, to reconfigure our use of certain leased properties. Under the June 2017 Plan, we incurred restructuring costs of approximately $0.1 million in fiscal 2023, approximately $1.6 million in fiscal 2022 (which includes approximately $1.1 million of incremental restructuring costs in fiscal 2022 related to an impairment of the operating lease right-of-use asset for our partially vacated facility in San Jose, California), and approximately $0.7 million in fiscal 2021. Under this plan, we have incurred approximately $23.3 million of total expense through December 30, 2023. All actions planned under the June 2017 Plan have been implemented. These costs, and adjustments on previous plans, are recorded to Restructuring on our Consolidated Statements of Operations. The restructuring accrual balance is presented in Accrued liabilities and in Other long-term liabilities on our Consolidated Balance Sheets. The following table displays the activity related to our restructuring plans:
(In thousands) |  | Severance & Related (1) |  |  | Lease Termination & Fixed Assets |  |  | Other (2) |  |  | Total |
Accrued Restructuring at January 2, 2021 |  | $ | 246 |  |  | $ | 8,233 |  |  | $ | 664 |  |  | $ | 9,143 |
Restructuring |  |  | 250 |  |  |  | 690 |  |  |  | — |  |  |  | 940 |
Costs paid or otherwise settled |  |  | (245 | ) |  |  | (1,793 | ) |  |  | (664 | ) |  |  | (2,702 | )
Accrued Restructuring at January 1, 2022 |  | $ | 251 |  |  | $ | 7,130 |  |  | $ | — |  |  | $ | 7,381 |
Restructuring |  |  | 303 |  |  |  | 1,608 |  |  |  | 640 |  |  |  | 2,551 |
Costs paid or otherwise settled |  |  | (154 | ) |  |  | (2,846 | ) |  |  | — |  |  |  | (3,000 | )
Accrued Restructuring at December 31, 2022 |  | $ | 400 |  |  | $ | 5,892 |  |  | $ | 640 |  |  | $ | 6,932 |
Restructuring |  |  | 1,848 |  |  |  | 56 |  |  |  | 4 |  |  |  | 1,908 |
Costs paid or otherwise settled |  |  | (758 | ) |  |  | (1,440 | ) |  |  | (24 | ) |  |  | (2,222 | )
Accrued Restructuring at December 30, 2023 |  | $ | 1,490 |  |  | $ | 4,508 |  |  | $ | 620 |  |  | $ | 6,618 |
| (1) | Includes employee relocation costs and outplacement costs
| (2) | Includes termination fees on the cancellation of certain contracts

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