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Restructuring Charges | 12 Months Ended
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Dec. 28, 2020
Restructuring And Related Activities [Abstract] |
Restructuring Charges |
(2 0) | Restructuring Charges
On April 29, 2020, the Company announced the restructuring of its E-M Solutions business unit. The E-M Solutions business unit consists of three Chinese manufacturing facilities with two being in Shanghai (SH BPA and SH E-MS) and one in Shenzhen (SZ). The Company ceased operations at the SH E-MS and SZ facilities while integrating the SH BPA facility into its PCB operations. The restructuring is another step in advancing the Company’s stated strategy of increasing its focus on differentiated higher margin products that more fully leverage the Company’s early engagement capabilities and industry leading engineering-based technology solutions. The Company closed the SH E-MS and SZ facilities in the fourth quarter of 2020. As of December 28, 2020, the Company has incurred approximately $16,573 of restructuring charges and $6,705 of accelerated depreciation expense since the April 29, 2020 announcement. In connection with the restructuring of its E-M Solutions business unit and other global realignment restructuring efforts, the Company recognized employee separation, contract termination and other costs during the years ended December 28, 2020, December 30, 2019, and December 31, 2018. Contract termination and other costs primarily represented plant closure costs. The below table summarizes such restructuring costs by reportable segment for the years ended December 28, 2020, December 30, 2019 and December 31, 2018:
|  | For the Year Ended |
|  | December 28, 2020 |  |  | December 30, 2019 |  |  | December 31, 2018 |
|  | Employee Separation/ Severance |  |  | Contract Termination and Other Costs |  |  | Total |  |  | Employee Separation/ Severance |  |  | Contract Termination and Other Costs |  |  | Total |  |  | Employee Separation/ Severance |  |  | Contract Termination and Other Costs |  |  | Total |
|  | (In thousands) |
Reportable Segment: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
PCB |  | $ | — |  |  | $ | 14 |  |  | $ | 14 |  |  | $ | 5,218 |  |  | $ | — |  |  | $ | 5,218 |  |  | $ | 1,150 |  |  | $ | — |  |  | $ | 1,150 |
RF&S Components |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 52 |  |  |  | — |  |  |  | 52 |  |  |  | — |  |  |  | — |  |  |  | — |
E-M Solutions |  |  | 15,251 |  |  |  | 1,322 |  |  |  | 16,573 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Corporate |  |  | 19 |  |  |  | 158 |  |  |  | 177 |  |  |  | 80 |  |  |  | 30 |  |  |  | 110 |  |  |  | 3,389 |  |  |  | 121 |  |  |  | 3,510 |
|  | $ | 15,270 |  |  | $ | 1,494 |  |  | $ | 16,764 |  |  | $ | 5,350 |  |  | $ | 30 |  |  | $ | 5,380 |  |  | $ | 4,539 |  |  | $ | 121 |  |  | $ | 4,660 |
Accrued restructuring costs are included as a component of other current liabilities in the consolidated balance sheets. The below table shows the utilization of the accrued restructuring costs during the years ended December 28, 2020 and December 30, 2019:
|  | Employee Separation/ Severance |  |  | Contract Termination and Other Costs |  |  | Total |
|  | (In thousands) |
Accrued as of December 31, 2018 |  | $ | 3,158 |  |  | $ | 393 |  |  | $ | 3,551 |
Charged to expense |  |  | 5,350 |  |  |  | 30 |  |  |  | 5,380 |
Amount paid |  |  | (8,248 | ) |  |  | (181 | ) |  |  | (8,429 | )
Accrued as of December 30, 2019 |  | $ | 260 |  |  | $ | 242 |  |  | $ | 502 |
Charged to expense |  |  | 15,270 |  |  |  | 1,494 |  |  |  | 16,764 |
Amount paid |  |  | (8,467 | ) |  |  | (1,417 | ) |  |  | (9,884 | )
Accrued as of December 28, 2020 |  | $ | 7,063 |  |  | $ | 319 |  |  | $ | 7,382 |

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- Definition The entire disclosure for restructuring and related activities. Description of restructuring activities such as exit and disposal activities, include facts and circumstances leading to the plan, the expected plan completion date, the major types of costs associated with the plan activities, total expected costs, the accrual balance at the end of the period, and the periods over which the remaining accrual will be settled. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 420 -URI http://asc.fasb.org/topic&trid=2175745 + Details
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