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Restructuring and Other Charges | 9 Months Ended
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Sep. 29, 2024
Restructuring Charges [Abstract] |
Restructuring and Other Charges | Note 13. Restructuring and Other Charges The Company accounts for its restructuring plans under the authoritative guidance for exit or disposal activities. The Company includes expenses related to restructuring and other charges in Other operating expenses (income), net in the condensed consolidated statements of operations. Accrued restructuring and other charges are classified within Accrued employee compensation and Other accrued liabilities on the condensed consolidated balance sheets. Restructuring and other charges recognized in the three and nine months ended September 29, 2024 and October 1, 2023, respectively, were primarily for severance, and other costs in relation to the reorganization of our business to better align the cost structure of the business with the areas to deliver long-term growth and expanding profitability or projected revenue levels. The liabilities as of September 29, 2024 are expected to be settled in 2024. The following table provides a summary of the activity related to accrued restructuring and other charges:
(In thousands) |  | Accrued Restructuring and Other Charges at December 31, 2023 |  |  | Additions |  |  | Cash Payments |  |  | Adjustments |  |  | Accrued Restructuring and Other Charges at September 29, 2024 |
Restructuring |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Employee termination charges |  | $ | 257 |  |  | $ | 3,493 |  |  | $ | (3,061 | ) |  | $ | (19 | ) |  | $ | 670 |
Lease contract termination and other charges |  |  | 30 |  |  |  | 299 |  |  |  | (86 | ) |  |  | (243 | ) |  |  | — |
Total Restructuring and other charges |  | $ | 287 |  |  | $ | 3,792 |  |  | $ | (3,147 | ) |  | $ | (262 | ) |  | $ | 670 |
(In thousands) |  | Accrued Restructuring and Other Charges at December 31, 2022 |  |  | Additions |  |  | Cash Payments |  |  | Adjustments |  |  | Accrued Restructuring and Other Charges at October 1, 2023 |
Restructuring |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Employee termination charges |  | $ | 1,912 |  |  | $ | 2,650 |  |  | $ | (4,138 | ) |  | $ | (80 | ) |  | $ | 344 |
Lease contract termination and other charges |  |  | — |  |  |  | 395 |  |  |  | (367 | ) |  |  | — |  |  |  | 28 |
Total Restructuring and other charges |  | $ | 1,912 |  |  | $ | 3,045 |  |  | $ | (4,505 | ) |  | $ | (80 | ) |  | $ | 372 |

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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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