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Restructuring, Impairment and Other Charges | 12 Months Ended
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Jan. 01, 2022
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 2021, 2020, and 2019 as follows:
| Fiscal Year Ended January 1, 2022
(in thousands) | Electronics |  | Transportation |  | Industrial |  | Total
Employee terminations | $ | 1,124 |  |  | $ | 404 |  |  | $ | 347 |  |  | $ | 1,875 |
Other restructuring charges | — |  |  | 283 |  |  | — |  |  | 283 |
Total restructuring charges | 1,124 |  |  | 687 |  |  | 347 |  |  | 2,158 |
Total | $ | 1,124 |  |  | $ | 687 |  |  | $ | 347 |  |  | $ | 2,158 |
| Fiscal Year Ended December 26, 2020
(in thousands) | Electronics |  | Transportation |  | 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 |  | Transportation |  | 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 |
2021 For the year ended January 1, 2022, the Company recorded total restructuring charges of $2.2 million, primarily for employee termination costs. These charges primarily related to the reorganization of certain manufacturing, selling and administrative functions within the Electronics and Transportation segments. 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 Transportation 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 Transportation segment. In April 2019, we announced the closure of a European manufacturing facility in the automotive sensors business within the Transportation 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. The restructuring reserves as of January 1, 2022 and December 26, 2020 are $2.9 million and $4.2 million, respectively. The restructuring reserves are included within accrued liabilities. Payments associated with employee terminations reflected in the above table were substantially completed by January 1, 2022. The Company anticipates that the remaining payments associated with employee terminations will be completed in fiscal 2022.

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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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