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Restructuring and Related Activities
6 Months Ended
Jul. 04, 2026
Restructuring and Related Activities [Abstract]  
Restructuring and Related Activities
Note 2 – Restructuring and Related Activities
 
In September 2024, the Company announced the implementation of restructuring actions designed to optimize the Company’s manufacturing footprint and streamline business decision making.
 
The following table summarizes activity to date related to this program:
Expense recorded in 2024$40,614 
Utilized (8,734
Foreign currency translation (1,292
Balance at December 31, 2024$30,588 
Utilized (15,268
Foreign currency translation 2,106 
Balance at December 31, 2025$17,426 
Utilized (8,871
Foreign currency translation (7
Balance at July 4, 2026$8,548 
 
Severance payment terms vary by country, but are generally paid in a lump sum at cessation of employment.  Some payments are made over an extended period.  Substantially all of the liability is current and is included in other accrued expenses in the accompanying consolidated condensed balance sheets.