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January 2025 Restructuring
12 Months Ended
Mar. 28, 2025
Restructuring and Related Activities [Abstract]  
January 2025 Restructuring
20.
January 2025 Restructuring

In January 2025, management committed to a plan that included rebalancing its workforce and consolidation of leased facilities in an effort to optimize its cost structure (the “January 2025 Restructuring”). In connection with the plan, the Company incurred $5,760 of total charges for the period ended March 28, 2025, of which $5,121 related to severance and other employee-related benefit charges. The Company does not expect to incur additional material charges related to the January 2025 Restructuring.

The following table presents restructuring, exit costs and other charges, net as included in the Company’s consolidated statement of operations for the year ended March 28, 2025 related to the January 2025 Restructuring.

 

 

Fiscal Year Ended

 

 

March 28,
2025

 

Cost of goods sold

 

$

1,365

 

Research and development

 

 

2,585

 

Selling, general and administrative

 

 

1,810

 

 

 

$

5,760

 

A summary of changes in the Company’s accrual for employee severance and related expenses related to the January 2025 Restructuring was as follows:

 

 

Severance

 

Balance as of March 29, 2024

 

$

 

Costs incurred

 

 

5,121

 

Cash disbursements

 

 

(3,910

)

Other

 

 

436

 

Balance as of March 28, 2025

 

$

1,647