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Restructuring Charges | 9 Months Ended
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Sep. 27, 2021
Restructuring And Related Activities [Abstract] |
Restructuring Charges | (18) Restructuring Charges On April 29, 2020, the Company announced the restructuring of its E-M Solutions business unit. The E-M Solutions business unit consisted 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 at the end of 2020. As of September 27, 2021, the Company had incurred approximately $19,868 of restructuring charges and $6,702 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 quarter and three quarters ended September 27, 2021 and September 28, 2020. Contract termination and other costs primarily represented plant closure costs. The table below summarizes such restructuring costs by reportable segment, which are included as a component of general and administrative expenses in the consolidated condensed statements of operations, for the quarter and three quarters ended September 27, 2021 and September 28, 2020:
|  | Quarter Ended September 27, 2021 |  |  | Three Quarters Ended September 27, 2021 |  |
|  | Employee Separation/ Severance |  |  | Contract Termination and Other Costs |  |  | Total |  |  | Employee Separation/ Severance |  |  | Contract Termination and Other Costs |  |  | Total |  |
|  | (In thousands) |  |
Reportable Segment: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
PCB |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 470 |  |  | $ | 123 |  |  | $ | 593 |  |
Corporate and Other (1) |  |  | — |  |  |  | 243 |  |  |  | 243 |  |  |  | 415 |  |  |  | 3,026 |  |  |  | 3,441 |  |
|  | $ | — |  |  | $ | 243 |  |  | $ | 243 |  |  | $ | 885 |  |  | $ | 3,149 |  |  | $ | 4,034 |  |
|  | Quarter Ended September 28, 2020 |  |  | Three Quarters Ended September 28, 2020 |  |
|  | Employee Separation/ Severance |  |  | Contract Termination and Other Costs |  |  | Total |  |  | Employee Separation/ Severance |  |  | Contract Termination and Other Costs |  |  | Total |  |
|  | (In thousands) |  |
Reportable Segment: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
PCB |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | (8 | ) |  | $ | 14 |  |  | $ | 6 |  |
Corporate and Other (1) |  |  | 979 |  |  |  | 109 |  |  |  | 1,088 |  |  |  | 14,373 |  |  |  | 451 |  |  |  | 14,824 |  |
|  | $ | 979 |  |  | $ | 109 |  |  | $ | 1,088 |  |  | $ | 14,365 |  |  | $ | 465 |  |  | $ | 14,830 |  |
(1) | Other represents results from the now closed SH E-MS and SZ facilities.
Accrued restructuring costs are included as a component of other current liabilities in the consolidated condensed balance sheet. The table below shows the utilization of the accrued restructuring costs during the three quarters ended September 27, 2021:
|  | Employee Separation/ Severance |  |  | Contract Termination and Other Costs |  |  | Total |
|  | (In thousands) |
Accrued as of December 28, 2020 |  | $ | 7,063 |  |  | $ | 319 |  |  | $ | 7,382 |
Charged to expense |  |  | 885 |  |  |  | 3,149 |  |  |  | 4,034 |
Amount paid |  |  | (7,940 | ) |  |  | (3,430 | ) |  |  | (11,370 | )
Accrued as of September 27, 2021 |  | $ | 8 |  |  | $ | 38 |  |  | $ | 46 |

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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://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 420 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SAB Topic 5.P.4(e)) -URI http://asc.fasb.org/extlink&oid=115931487&loc=d3e140904-122747 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 420 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=6394359&loc=d3e17939-110869 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 420 -URI http://asc.fasb.org/topic&trid=2175745 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 420 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (e) -URI http://asc.fasb.org/extlink&oid=6394359&loc=d3e17939-110869 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 420 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (b)(2) -URI http://asc.fasb.org/extlink&oid=6394359&loc=d3e17939-110869 + Details
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