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Restructuring, Acquisition, and Related Costs (Tables)
3 Months Ended
Mar. 28, 2025
Restructuring and Related Activities [Abstract]  
Schedule of Restructuring, Acquisition and Related Costs

The following table summarizes restructuring, acquisition, and related costs in the accompanying consolidated statements of operations (in thousands):

 

Three Months Ended

 

 

March 28,

 

 

March 29,

 

 

2025

 

 

2024

 

2024 restructuring

$

590

 

 

$

548

 

2020 restructuring

 

(3,595

)

 

 

 

Total restructuring charges

 

(3,005

)

 

 

548

 

Acquisition and related charges

 

550

 

 

 

1,735

 

Total restructuring, acquisition, and related costs

$

(2,455

)

 

$

2,283

 

Summary of Restructuring Charges by Reportable Segment

The following table summarizes restructuring costs associated with the 2024 restructuring program by reportable segment (in thousands):

 

Three Months Ended

 

 

March 28,

 

 

March 29,

 

 

2025

 

 

2024

 

Automation Enabling Technologies

$

486

 

 

$

279

 

Medical Solutions

 

82

 

 

 

206

 

Unallocated

 

22

 

 

 

63

 

Total

$

590

 

 

$

548

 

Summary of Accrual Activities by Components Related to Company's Restructuring Plans

The following table summarizes the accrual activities, by component, related to the Company’s restructuring plans recorded in the accompanying consolidated balance sheets (in thousands):

 

Total

 

 

Employee Related

 

 

Facility Related

 

 

Facility Sale

 

 

Other

 

Balance at December 31, 2024

$

6,751

 

 

$

5,690

 

 

$

1,061

 

 

$

 

 

$

 

Restructuring charges

 

(3,005

)

 

 

(107

)

 

 

719

 

 

 

(4,325

)

 

 

708

 

Cash payments

 

4,444

 

 

 

(581

)

 

 

(147

)

 

 

5,537

 

 

 

(365

)

Non-cash write-offs and other adjustments

 

(1,679

)

 

 

162

 

 

 

(629

)

 

 

(1,212

)

 

 

 

Balance at March 28, 2025

$

6,511

 

 

$

5,164

 

 

$

1,004

 

 

$

 

 

$

343