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Restructuring, Impairment and Other Charges | 6 Months Ended
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Jun. 27, 2020
Restructuring and Related Activities [Abstract] |
Restructuring, Impairment and Other Charges | Restructuring, Impairment and Other Charges The Company recorded restructuring, impairment and other charges for the three and six months ended June 27, 2020 and June 29, 2019 as follows:
| Three months ended June 27, 2020 |  |  |  |  |  |  |  | Six months ended June 27, 2020 |  |  |  |  |  |
(in thousands) | Electronics |  | Automotive |  | Industrial |  | Total |  | Electronics |  | Automotive |  | Industrial |  | Total
Employee terminations | $ | 856 |  |  | $ | 209 |  |  | $ | 750 |  |  | $ | 1,815 |  |  | $ | 1,737 |  |  | $ | 608 |  |  | $ | 1,071 |  |  | $ | 3,416 |
Other restructuring charges | (1) |  |  | (12) |  |  | 22 |  |  | 9 |  |  | — |  |  | 108 |  |  | 25 |  |  | 133 |
Total restructuring charges | 855 |  |  | 197 |  |  | 772 |  |  | 1,824 |  |  | 1,737 |  |  | 716 |  |  | 1,096 |  |  | 3,549 |
Impairment | — |  |  | 33,841 |  |  | — |  |  | 33,841 |  |  | — |  |  | 33,841 |  |  | 2,237 |  |  | 36,078 |
Total | $ | 855 |  |  | $ | 34,038 |  |  | $ | 772 |  |  | $ | 35,665 |  |  | $ | 1,737 |  |  | $ | 34,557 |  |  | $ | 3,333 |  |  | $ | 39,627 |
| Three months ended June 29, 2019 |  |  |  |  |  |  |  | Six months ended June 29, 2019 |  |  |  |  |  |
(in thousands) | Electronics |  | Automotive |  | Industrial |  | Total |  | Electronics |  | Automotive |  | Industrial |  | Total
Employee terminations | $ | 1,698 |  |  | $ | 3,241 |  |  | $ | 674 |  |  | $ | 5,613 |  |  | $ | 3,498 |  |  | $ | 3,846 |  |  | $ | 721 |  |  | $ | 8,065 |
Other restructuring charges | — |  |  | 70 |  |  | — |  |  | 70 |  |  | 13 |  |  | 90 |  |  | 250 |  |  | 353 |
Total restructuring charges | 1,698 |  |  | 3,311 |  |  | 674 |  |  | 5,683 |  |  | 3,511 |  |  | 3,936 |  |  | 971 |  |  | 8,418 |
Impairment | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Total | $ | 1,698 |  |  | $ | 3,311 |  |  | $ | 674 |  |  | $ | 5,683 |  |  | $ | 3,511 |  |  | $ | 3,936 |  |  | $ | 971 |  |  | $ | 8,418 |
2020 For the three and six months ended June 27, 2020, the Company recorded total restructuring charges of $1.8 million and $3.5 million, for employee termination costs and other restructuring charges. These charges primarily related to the reorganization of certain manufacturing, selling and administrative functions across all segments and the previously announced consolidation of a manufacturing facility within the Industrial segment. The Company also recognized $33.8 million and $36.1 million of impairment charges for the three and six months ended June 27, 2020, respectively, which included a $33.8 million goodwill impairment charge associated with the automotive sensors reporting unit within the Automotive segment in the second quarter of 2020 and $2.2 million related to the land and building associated with the Company’s previously announced consolidation of a manufacturing facility within the Industrial segment in the first quarter of 2020. The impairment charges of the land and building were included in selling, general and administrative expenses. See Note 4, Goodwill and Other Intangible Assets for further discussion regarding the goodwill impairment charge. 2019 For the three and six months ended June 29, 2019, the Company recorded total restructuring charges of 5.7 million, and 8.4 million, respectively, for employee termination costs and other restructuring charges. These charges primarily related to reorganization of operations and selling, general and administrative functions as well as integration of IXYS within the Electronics segment and the reorganization of operations in the commercial vehicle products and automotive sensors businesses within the Automotive segment. The restructuring reserves as of June 27, 2020 and December 28, 2019 are $4.5 million and $2.7 million, respectively. The restructuring reserves are included within accrued liabilities in the Condensed Consolidated Balance Sheets. The Company anticipates the remaining payments associated with employee terminations will primarily be completed by March 2021.

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- Definition The entire disclosure of costs incurred for restructuring including, but not limited to, exit and disposal activities, remediation, implementation, integration, asset impairment, and charges against earnings from the write-down of assets. + References No definition available. + Details
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