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RESTRUCTURING AND OTHER CHARGES | 6 Months Ended
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Jun. 27, 2025
Restructuring and Related Activities [Abstract] |
RESTRUCTURING AND OTHER CHARGES | RESTRUCTURING AND OTHER CHARGES Restructuring and other charges comprise the following (in thousands):
| Three Months Ended |  | Six Months Ended
| June 27, 2025 |  | June 28, 2024 |  | June 27, 2025 |  | June 28, 2024
Restructuring charges | $ | 637 |  |  | $ | 907 |  |  | $ | 1,301 |  |  | $ | 2,317 |
Acquisition and integration costs | 2,007 |  |  | 1,056 |  |  | 6,749 |  |  | 7,391 |
Other general expenses | 7 |  |  | (1,173) |  |  | 6 |  |  | (1,055) |
Total restructuring and other charges | $ | 2,651 |  |  | $ | 790 |  |  | $ | 8,056 |  |  | $ | 8,653 |
Restructuring programs Operational excellence The Company’s operational excellence initiatives mainly consist of costs associated with executing on its sales force, manufacturing, business process and performance excellence operational strategic imperatives. These projects focus on changing the Company’s organizational structure to match product line growth strategies and customer needs, transitioning its manufacturing process into a competitive advantage and standardizing and optimizing its business processes. Strategic reorganization and alignment The Company’s strategic reorganization and alignment initiatives primarily include those that align resources with market conditions and the Company’s strategic direction in order to enhance the profitability of its portfolio of products. Manufacturing alignment to support growth The Company’s manufacturing alignment to support growth initiatives are designed to reduce costs, improve operating efficiencies or increase capacity to accommodate growth, which may involve relocation or consolidation of manufacturing operations. The following table comprises restructuring and restructuring-related charges (gains) by classification in the Company’s Condensed Consolidated Statements of Operations and Comprehensive Income (in thousands):
| Three Months Ended |  | Six Months Ended
| June 27, 2025 |  | June 28, 2024 |  | June 27, 2025 |  | June 28, 2024
Restructuring charges: |  |  |  |  |  |  |
Restructuring and other charges | $ | 637 |  |  | $ | 907 |  |  | $ | 1,301 |  |  | $ | 2,317 |
Restructuring-related expenses(a): |  |  |  |  |  |  |
Cost of sales | 1,439 |  |  | 391 |  |  | 1,840 |  |  | 730 |
Selling, general and administrative | 499 |  |  | 469 |  |  | 542 |  |  | 606 |
Research, development and engineering | — |  |  | 168 |  |  | (6) |  |  | 169 |
Total restructuring and restructuring-related charges | $ | 2,575 |  |  | $ | 1,935 |  |  | $ | 3,677 |  |  | $ | 3,822 |
__________ (a) Restructuring-related expenses primarily include retention bonuses, consulting expenses and professional fees. (9.) RESTRUCTURING AND OTHER CHARGES (Continued) The following table summarizes the activity for restructuring reserves (in thousands):
| Operational excellence |  | Strategic reorganization and alignment |  | Manufacturing alignment to support growth |  | Total
December 31, 2024 | $ | 690 |  |  | $ | 115 |  |  | $ | — |  |  | $ | 805 |
Charges incurred, net of reversals | 559 |  |  | 441 |  |  | 301 |  |  | 1,301 |
Cash payments | (1,083) |  |  | (532) |  |  | (301) |  |  | (1,916) |
June 27, 2025 | $ | 166 |  |  | $ | 24 |  |  | $ | — |  |  | $ | 190 |
Acquisition and integration costs Acquisition and integration costs primarily consist of professional fees directly related to business acquisitions and costs to integrate the systems, processes and organizations acquired. During the six months ended June 27, 2025, acquisition and integration costs primarily related to the Precision and VSi acquisitions. During the six months ended June 28, 2024, acquisition and integration costs primarily related to the Pulse and InNeuroCo acquisitions. In addition, acquisition and integration costs for the six months ended June 27, 2025, included a benefit of $0.3 million to adjust the fair value of acquisition-related contingent consideration liabilities. See Note 14 “Financial Instruments and Fair Value Measurements” for additional information related to the fair value measurement of the contingent consideration. Other general expenses During the six months ended June 27, 2025 and June 28, 2024, the Company recorded expenses related to other initiatives not described above, which primarily include gains and losses in connection with the disposal of property, plant and equipment. In addition, during the second quarter of 2024 the Company recorded $1.2 million of loss recoveries relating to property damage which occurred in the fourth quarter of 2023 at one of its manufacturing facilities.

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- Definition The entire 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 No definition available. + Details
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