XML 39 R29.htm IDEA: XBRL DOCUMENT
v3.22.2

Restructuring and Other Charges (Tables) | 6 Months Ended
--- | ---
Jul. 01, 2022
Restructuring and Related Activities [Abstract] |
Schedule of Restructuring and Related Charges | Restructuring and other charges comprise the following (in thousands):
| Three Months Ended |  | Six Months Ended
| July 1, 2022 |  | July 2, 2021 |  | July 1, 2022 |  | July 2, 2021
Restructuring charges | $ | (5) |  |  | $ | 191 |  |  | $ | 1,098 |  |  | $ | 845 |
Acquisition and integration costs | 3,333 |  |  | 26 |  |  | 5,269 |  |  | 110 |
Other general expenses | 205 |  |  | 62 |  |  | 501 |  |  | 239 |
Total restructuring and other charges | $ | 3,533 |  |  | $ | 279 |  |  | $ | 6,868 |  |  | $ | 1,194 |
The following table comprises restructuring and restructuring-related charges by income statement classification for the three and six month periods ended July 1, 2022 (in thousands):
| Three Months Ended |  |  |  | Six Months Ended |  |  |
| July 1, 2022 |  |  |  | July 1, 2022 |  |  |
Restructuring charges: |  |  |  |  |  |  |  |
Restructuring and other charges | $ | (5) |  |  |  |  | $ | 1,098 |  |  |  |
Restructuring-related expenses(a): |  |  |  |  |  |  |  |
Cost of sales | 179 |  |  |  |  | 334 |  |  |  |
Selling, general and administrative | 384 |  |  |  |  | 702 |  |  |  |
Research, development and engineering | 326 |  |  |  |  | 503 |  |  |  |
Total restructuring and restructuring-related charges | $ | 884 |  |  |  |  | $ | 2,637 |  |  |  |
__________ (a) Restructuring-related expenses primarily include retention bonuses and consulting expenses. Restructuring related expense for the three and six months ended July 2, 2021 were not material.
Schedule of Changes in Restructuring Reserves | The following table summarizes the activity for restructuring reserves (in thousands):
| Operational excellence initiatives |  | Strategic reorganization and alignment |  |  |  | Total
December 31, 2021 | $ | 298 |  |  | $ | 134 |  |  |  |  | $ | 432 |
Charges incurred, net of reversals | 704 |  |  | 394 |  |  |  |  | 1,098 |
Cash payments | (825) |  |  | (46) |  |  |  |  | (871) |
July 1, 2022 | $ | 177 |  |  | $ | 482 |  |  |  |  | $ | 659 |

X
- References No definition available. + Details
Name: | us-gaap_RestructuringAndRelatedActivitiesAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular 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 Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 420 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SAB TOPIC 5.P.3) -URI https://asc.fasb.org/extlink&oid=115931487&loc=d3e140864-122747 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 420 -SubTopic 10 -Section 50 -Paragraph 1 -URI https://asc.fasb.org/extlink&oid=6394359&loc=d3e17939-110869 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 420 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SAB TOPIC 5.P.4) -URI https://asc.fasb.org/extlink&oid=115931487&loc=d3e140904-122747 + Details
Name: | us-gaap_ScheduleOfRestructuringAndRelatedCostsTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of an entity's restructuring reserve that occurred during the period associated with the exit from or disposal of business activities or restructurings for each major type of cost. This element may also include a description of any reversal and other adjustment made during the period to the amount of an accrued liability for restructuring activities. This element may be used to encapsulate the roll forward presentations of an entity's restructuring reserve by type of cost and in total, and explanation of changes that occurred in the period. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 420 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (b)(2) -URI https://asc.fasb.org/extlink&oid=6394359&loc=d3e17939-110869 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 420 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SAB Topic 5.P.4(b)(2)) -URI https://asc.fasb.org/extlink&oid=115931487&loc=d3e140904-122747 + Details
Name: | us-gaap_ScheduleOfRestructuringReserveByTypeOfCostTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration