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Note 6 - Restructuring | 6 Months Ended
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Jun. 29, 2024
Notes to Financial Statements |
Restructuring and Related Activities Disclosure [Text Block] | Note 6 - Restructuring Under the Q3 2023 Plan, which is described in the 2023 10-K, we incurred restructuring costs of approximately $2.7 million and approximately $5.0 million during the second quarter and first six months, respectively, of fiscal 2024. Under this plan, approximately $7.0 million of total costs have been incurred through June 29, 2024. The Q3 2023 plan is expected to be largely complete by the end of fiscal year 2024. Other restructuring activity in the periods presented consisted of expense adjustments on previous plans. Costs and adjustments on restructuring 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 December 30, 2023 |  | $ | 1,490 |  |  | $ | 4,508 |  |  | $ | 620 |  |  | $ | 6,618 |
Restructuring |  |  | 5,001 |  |  |  | (98 | ) |  |  | (620 | ) |  |  | 4,283 |
Costs paid or otherwise settled |  |  | (3,713 | ) |  |  | (652 | ) |  |  | — |  |  |  | (4,365 | )
Accrued Restructuring at June 29, 2024 |  | $ | 2,778 |  |  | $ | 3,758 |  |  | $ | — |  |  | $ | 6,536 |
Accrued Restructuring at December 31, 2022 |  | $ | 400 |  |  | $ | 5,892 |  |  | $ | 640 |  |  | $ | 6,932 |
Restructuring |  |  | (135 | ) |  |  | 49 |  |  |  | 4 |  |  |  | (82 | )
Costs paid or otherwise settled |  |  | (265 | ) |  |  | (721 | ) |  |  | (24 | ) |  |  | (1,010 | )
Accrued Restructuring at July 1, 2023 |  | $ | — |  |  | $ | 5,220 |  |  | $ | 620 |  |  | $ | 5,840 |
(1) | Includes employee relocation and outplacement costs
(2) | Includes termination fees on the cancellation of certain contracts

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- Definition 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 + Details
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