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Restructuring, Impairment and Other Charges | 12 Months Ended
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Dec. 30, 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 fiscal years 2023, 2022, and 2021 as follows:
| Fiscal Year Ended December 30, 2023
(in thousands) | Electronics |  | Transportation |  | Industrial |  | Total
Employee terminations | $ | 4,162 |  |  | $ | 3,649 |  |  | $ | 894 |  |  | $ | 8,705 |
Other restructuring charges | 342 |  |  | 976 |  |  | 1,625 |  |  | 2,943 |
Total restructuring charges | 4,504 |  |  | 4,625 |  |  | 2,519 |  |  | 11,648 |
Impairment | 111 |  |  | 3,870 |  |  | 872 |  |  | 4,853 |
Total | $ | 4,615 |  |  | $ | 8,495 |  |  | $ | 3,391 |  |  | $ | 16,501 |
| Fiscal Year Ended December 31, 2022
(in thousands) | Electronics |  | Transportation |  | Industrial |  | Total
Employee terminations | $ | 2,792 |  |  | $ | 2,694 |  |  | $ | 283 |  |  | $ | 5,769 |
Other restructuring charges | 276 |  |  | 1,076 |  |  | — |  |  | 1,352 |
Total restructuring charges | 3,068 |  |  | 3,770 |  |  | 283 |  |  | 7,121 |
Impairment | 2,856 |  |  | — |  |  | — |  |  | 2,856 |
Total | $ | 5,924 |  |  | $ | 3,770 |  |  | $ | 283 |  |  | $ | 9,977 |
| 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 |
2023 For the year ended December 30, 2023, the Company recorded total restructuring charges of $11.6 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, the reorganization of certain selling and administrative functions within the Electronics segment due to the C&K acquisition, and reorganization of certain manufacturing, selling and administrative functions within the Industrial segment. During 2023, the Company recognized a $3.9 million impairment charge related to the land and building of a property in the commercial vehicle business within the Transportation segment that the Company made the decision to donate, a $0.9 million impairment charge substantially related to certain patents in a business within the Industrial segment, and a $0.1 million impairment related to certain machinery and equipment in the semiconductor business within the Electronics segment. 2022 For the year ended December 31, 2022, the Company recorded total restructuring charges of $7.1 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 passenger car and automotive sensor businesses and the reorganization of selling and administrative functions within the Electronics segment due to the C&K acquisition. During the fourth quarter of 2022, the Company recorded a $2.9 million non-cash impairment charge for certain acquired technology and patent intangible assets due to a change in use and projected cash flows within the Electronics segment. See Note 5, Goodwill and Other Intangible Assets for further discussion regarding the intangible asset impairment charge. 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. The restructuring reserves as of December 30, 2023 and December 31, 2022 are $2.1 million and $2.4 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 30, 2023. The Company anticipates that the remaining payments associated with employee terminations will be substantially completed in fiscal 2024.

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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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