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Restructuring Activities | 9 Months Ended
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Sep. 27, 2025
Restructuring and Related Activities [Abstract] |
Restructuring Activities | Restructuring Activities Summary of 2022 Restructuring Plan In April 2022, management approved and commenced a restructuring plan that is intended to better position us for stronger performance. The restructuring plan will mainly reduce headcount and consolidate facilities. As a result of this restructuring plan, we analyzed the need to write-down inventory and impair long-lived assets, including operating lease right-of-use assets. During the three and nine months ended September 27, 2025, we recorded total charges, net of $0.6 million and $1.6 million, respectively. Cumulative through the nine months ended September 27, 2025, we recorded aggregate total charges of $30.8 million ($2.1 million of which was recorded as cost of sales). As of September 27, 2025, we estimate the remaining amount of charges related to this initiative will be $0.5 million of total pre-tax restructuring charges during 2025 for facility consolidation related expenses. In the Electronics Systems segment, we recorded less than $0.1 million of other restructuring charges during the three months ended September 27, 2025. We recorded $0.1 million each for severance and benefits that were classified as restructuring charges and other restructuring charges during the nine months ended September 27, 2025. Cumulative through the nine months ended September 27, 2025, we recorded total charges for severance and benefits that were classified as restructuring charges, accelerated depreciation of property and equipment that was classified as restructuring charges, charges for inventory write down that was classified as cost of sales, and other restructuring of $9.6 million, $0.3 million, $0.3 million, and $0.3 million, respectively. In the Structural Systems segment, we recorded charges of $0.6 million during the three months ended September 27, 2025 for other restructuring charges. We recorded (credits) charges of ($0.2) million and $1.6 million during the nine months ended September 27, 2025 for severance and benefits that were classified as restructuring charges and other restructuring charges, respectively. Cumulative through the nine months ended September 27, 2025, we recorded total charges for severance and benefits that were classified as restructuring charges, accelerated depreciation of property and equipment/impairment of property and equipment that was classified as restructuring charges, charges for inventory write down that was classified as cost of sales, and other restructuring of $7.4 million, $2.0 million, $1.8 million, and $9.0 million, respectively. Our restructuring activities during the nine months ended September 27, 2025 were as follows (in thousands):
|  | December 31, 2024 |  | Nine Months Ended September 27, 2025 |  | September 27, 2025
|  | Balance |  | Charges |  | Cash Payments |  | Non-Cash Payments |  | Change in Estimates |  | Balance
Severance and benefits |  | $ | 1,543 |  |  | $ | 127 |  |  | $ | (867) |  |  | $ | — |  |  | $ | (212) |  |  | $ | 591 |
Other |  | 389 |  |  | 1,701 |  |  | (1,701) |  |  | — |  |  | — |  |  | 389 |
Ending balance |  | $ | 1,932 |  |  | $ | 1,828 |  |  | $ | (2,568) |  |  | $ | — |  |  | $ | (212) |  |  | $ | 980 |
The restructuring activities accrual for severance and benefits and other of $1.0 million as of September 27, 2025 was included as part of accrued and other liabilities and is expected to be paid out during 2025.

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- Definition The entire disclosure for restructuring and related activities. Description of restructuring activities such as exit and disposal activities, include facts and circumstances leading to the plan, the expected plan completion date, the major types of costs associated with the plan activities, total expected costs, the accrual balance at the end of the period, and the periods over which the remaining accrual will be settled. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 420 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Subparagraph (SAB Topic 5.P.4.e) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479823/420-10-S99-2 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 420 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (b)(2) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482017/420-10-50-1 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 420 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482017/420-10-50-1 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 420 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/420/tableOfContent Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 420 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (e) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482017/420-10-50-1 + Details
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