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Restructuring, Impairment and Other Charges | 3 Months Ended
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Apr. 01, 2023
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 months ended April 1, 2023 and April 2, 2022 as follows:
| Three months ended April 1, 2023 |  |
(in thousands) | Electronics |  | Transportation |  | Industrial |  | Total |  |  |  |  |  |  |  |
Employee terminations | $ | 672 |  |  | $ | 582 |  |  | $ | 317 |  |  | $ | 1,571 |  |  |  |  |  |  |  |  |
Other restructuring charges | 7 |  |  | 272 |  |  | — |  |  | 279 |  |  |  |  |  |  |  |  |
Total | $ | 679 |  |  | $ | 854 |  |  | $ | 317 |  |  | $ | 1,850 |  |  |  |  |  |  |  |  |
| Three months ended April 2, 2022 |  |
(in thousands) | Electronics |  | Transportation |  | Industrial |  | Total |  |  |  |  |  |  |  |
Employee terminations | $ | 205 |  |  | $ | — |  |  | $ | — |  |  | $ | 205 |  |  |  |  |  |  |  |  |
Other restructuring charges | — |  |  | 13 |  |  | — |  |  | 13 |  |  |  |  |  |  |  |  |
Total | $ | 205 |  |  | $ | 13 |  |  | $ | — |  |  | $ | 218 |  |  |  |  |  |  |  |  |
2023 For the three months ended April 1, 2023, the Company recorded total restructuring charges of $1.9 million, primarily for employee termination costs. These charges primarily related to the reorganization of certain manufacturing, selling and administrative functions within the Transportation segment’s commercial vehicle business and the reorganization of certain selling and administrative functions within the Electronics segment due to the C&K acquisition. 2022 For the three months ended April 2, 2022, the Company recorded total restructuring charges of $0.2 million, primarily for employee termination costs. These charges are primarily related to the reorganization of certain manufacturing, selling and administrative functions within the Electronics segment. The restructuring liability as of April 1, 2023 and December 31, 2022 is $1.2 million and $2.4 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 in fiscal year 2023.

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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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