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RESTRUCTURING AND OTHER CHARGES | 3 Months Ended
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Apr. 03, 2026
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 |  |
| April 3, 2026 |  | March 28, 2025 |  |  |  |
Restructuring charges | $ | 607 |  |  | $ | 664 |  |  |  |  |
Acquisition and integration costs | 1,442 |  |  | 4,742 |  |  |  |  |
Other general expenses | 723 |  |  | (1) |  |  |  |  |
Total restructuring and other charges | $ | 2,772 |  |  | $ | 5,405 |  |  |  |  |
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 |  |
| April 3, 2026 |  | March 28, 2025 |  |  |  |
Restructuring charges: |  |  |  |  |  |  |
Restructuring and other charges | $ | 607 |  |  | $ | 664 |  |  |  |  |
Restructuring-related expenses(a): |  |  |  |  |  |  |
Cost of sales | 1,002 |  |  | 401 |  |  |  |  |
Selling, general and administrative | 85 |  |  | 43 |  |  |  |  |
Research, development and engineering | 154 |  |  | (6) |  |  |  |  |
Total restructuring and restructuring-related charges | $ | 1,848 |  |  | $ | 1,102 |  |  |  |  |
__________ (a) Restructuring-related expenses primarily include retention bonuses, consulting expenses, professional fees and equipment relocation costs. (8.) 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, 2025 | $ | 122 |  |  | $ | 10 |  |  | $ | 27 |  |  | $ | 159 |
Charges incurred, net of reversals | 391 |  |  | — |  |  | 216 |  |  | 607 |
Non-cash charges incurred (included above) | (214) |  |  | — |  |  | — |  |  | (214) |
Cash payments | (134) |  |  | (4) |  |  | (219) |  |  | (357) |
April 3, 2026 | $ | 165 |  |  | $ | 6 |  |  | $ | 24 |  |  | $ | 195 |
Acquisition and integration costs Acquisition and integration costs primarily consist of professional fees directly related to completed and contemplated business acquisitions and costs to integrate the systems, processes and organizations acquired. During the three months ended April 3, 2026, acquisition and integration costs included $0.7 million related to an investment in a convertible debt instrument. See Note 13, “Financial Instruments and Fair Value Measurements,” for additional information related to the convertible debt instrument. Acquisition and integration costs comprise the following (in thousands):
| Three Months Ended |  |
| April 3, 2026 |  | March 28, 2025 |  |  |  |
Acquisition costs | $ | 973 |  |  | $ | 2,844 |  |  |  |  |
Integration costs | 469 |  |  | 1,898 |  |  |  |  |
Acquisition and integration costs | $ | 1,442 |  |  | $ | 4,742 |  |  |  |  |
Other general expenses During the three months ended April 3, 2026 and March 28, 2025, 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.

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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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