XML 25 R14.htm IDEA: XBRL DOCUMENT
v3.20.2

Restructuring, Impairment and Other Charges | 9 Months Ended
--- | ---
Sep. 26, 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 nine months ended September 26, 2020 and September 28, 2019 as follows:
| Three months ended September 26, 2020 |  | Nine months ended September 26, 2020
(in thousands) | Electronics |  | Automotive |  | Industrial |  | Total |  | Electronics |  | Automotive |  | Industrial |  | Total
Employee terminations | $ | 388 |  |  | $ | 162 |  |  | $ | 648 |  |  | $ | 1,198 |  |  | $ | 2,125 |  |  | $ | 770 |  |  | $ | 1,719 |  |  | $ | 4,614 |
Other restructuring charges | — |  |  | — |  |  | 79 |  |  | 79 |  |  | — |  |  | 108 |  |  | 104 |  |  | 212 |
Total restructuring charges | 388 |  |  | 162 |  |  | 727 |  |  | 1,277 |  |  | 2,125 |  |  | 878 |  |  | 1,823 |  |  | 4,826 |
Impairment | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 33,841 |  |  | 2,237 |  |  | 36,078 |
Total | $ | 388 |  |  | $ | 162 |  |  | $ | 727 |  |  | $ | 1,277 |  |  | $ | 2,125 |  |  | $ | 34,719 |  |  | $ | 4,060 |  |  | $ | 40,904 |
| Three months ended September 28, 2019 |  | Nine months ended September 28, 2019
(in thousands) | Electronics |  | Automotive |  | Industrial |  | Total |  | Electronics |  | Automotive |  | Industrial |  | Total
Employee terminations | $ | 655 |  |  | $ | 109 |  |  | $ | 49 |  |  | $ | 813 |  |  | $ | 4,153 |  |  | $ | 3,955 |  |  | $ | 770 |  |  | $ | 8,878 |
Other restructuring charges | 128 |  |  | 1,150 |  |  | 124 |  |  | 1,402 |  |  | 141 |  |  | 1,240 |  |  | 374 |  |  | 1,755 |
Total restructuring charges | 783 |  |  | 1,259 |  |  | 173 |  |  | 2,215 |  |  | 4,294 |  |  | 5,195 |  |  | 1,144 |  |  | 10,633 |
Impairment | — |  |  | 322 |  |  | — |  |  | 322 |  |  | — |  |  | 322 |  |  | — |  |  | 322 |
Total | $ | 783 |  |  | $ | 1,581 |  |  | $ | 173 |  |  | $ | 2,537 |  |  | $ | 4,294 |  |  | $ | 5,517 |  |  | $ | 1,144 |  |  | $ | 10,955 |
2020 For the three and nine months ended September 26, 2020, the Company recorded total restructuring charges of $1.3 million and $4.8 million, primarily for employee termination costs. 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 $36.1 million of impairment charges for the nine months ended September 26, 2020, 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 a $2.2 million impairment charge 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 nine months ended September 28, 2019, the Company recorded total restructuring charges of $2.2 million, and $10.6 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 liability as of September 26, 2020 and December 28, 2019 are $4.5 million and $2.7 million, respectively. The restructuring liability is 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 September 2021.

X
- References No definition available. + Details
Name: | us-gaap_RestructuringAndRelatedActivitiesAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- 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
Name: | us-gaap_RestructuringImpairmentAndOtherActivitiesDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration