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Restructuring, Impairment and Other Charges | 12 Months Ended
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Dec. 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 fiscal years 2020, 2019, and 2018 as follows:
| Fiscal Year Ended December 26, 2020
(in thousands) | Electronics |  | Automotive |  | Industrial |  | Total
Employee terminations | $ | 2,540 |  |  | $ | 682 |  |  | $ | 2,231 |  |  | $ | 5,453 |
Other restructuring charges | — |  |  | 175 |  |  | 10 |  |  | 185 |
Total restructuring charges | 2,540 |  |  | 857 |  |  | 2,241 |  |  | 5,638 |
Impairment | — |  |  | 33,841 |  |  | 2,237 |  |  | 36,078 |
Total | $ | 2,540 |  |  | $ | 34,698 |  |  | $ | 4,478 |  |  | $ | 41,716 |
| Fiscal Year Ended December 28, 2019
(in thousands) | Electronics |  | Automotive |  | Industrial |  | Total
Employee terminations | $ | 5,313 |  |  | $ | 4,251 |  |  | $ | 795 |  |  | $ | 10,359 |
Other restructuring charges | 188 |  |  | 1,714 |  |  | 450 |  |  | 2,352 |
Total restructuring charges | 5,501 |  |  | 5,965 |  |  | 1,245 |  |  | 12,711 |
Impairment | — |  |  | 322 |  |  | — |  |  | 322 |
Total | $ | 5,501 |  |  | $ | 6,287 |  |  | $ | 1,245 |  |  | $ | 13,033 |
| Fiscal Year Ended December 29, 2018
(in thousands) | Electronics |  | Automotive |  | Industrial |  | Total
Employee terminations | $ | 8,742 |  |  | $ | 634 |  |  | $ | 127 |  |  | $ | 9,503 |
Other restructuring charges | 670 |  |  | 192 |  |  | — |  |  | 862 |
Total restructuring charges | 9,412 |  |  | 826 |  |  | 127 |  |  | 10,365 |
Impairment | — |  |  | 88 |  |  | 2,130 |  |  | 2,218 |
Total | $ | 9,412 |  |  | $ | 914 |  |  | $ | 2,257 |  |  | $ | 12,583 |
2020 For the year ended December 26, 2020, the Company recorded total restructuring charges of $5.6 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, 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. See Note 5, Goodwill and Other Intangible Assets for further discussion regarding the goodwill impairment charge. 2019 For the year ended December 28, 2019, the Company recorded total restructuring charges of $12.7 million for employee termination costs and other restructuring charges. These charges primarily related to the reorganization of operations and selling, general and administrative functions as well as the integration of IXYS within the Electronics segment and the reorganization of operations in the automotive sensors and commercial vehicle products businesses within the Automotive segment. In April 2019, we announced the closure of a European manufacturing facility in the automotive sensors business within the Automotive segment. The Company recorded $1.7 million of employee termination costs and $1.4 million of other restructuring and impairment charges associated with this plant closure. 2018 For the year ended December 29, 2018, the Company recorded total restructuring charges of $10.4 million for employee termination costs and other restructuring charges related to lease termination and facility closure. These charges primarily related to the integration of IXYS and the reorganization of the IXYS Radio Pulse business within the Electronics segment and the reorganization of operations in the Commercial Vehicle Products business within the Automotive segment. For the year ended December 29, 2018, the Company recorded impairment charges of $2.2 million primarily related to the impairment of a building and a trade name associated with the exit of the Custom business within the Industrial segment. The restructuring reserves as of December 26, 2020 and December 28, 2019 are $4.2 million and $2.7 million, respectively. The restructuring reserves are included within accrued liabilities. Payments associated with employee terminations reflected in the above table were substantially completed by December 26, 2020. The Company anticipates that the remaining payments associated with employee terminations will be completed in fiscal 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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