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Restructuring (Tables) | 6 Months Ended
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Jun. 29, 2024
Restructuring and Related Activities [Abstract] |
Schedule of Components of Restructuring Expenses | For the three and six months ended June 29, 2024, the components of the Company’s restructuring charges for the 2023 Plan were as follows:
| Three Months Ended |  |  | Six Months Ended |
| June 29, 2024 |  |  | June 29, 2024 |
Cash restructuring charges: |  |  |  |  |
Real Estate Restructuring - Lease termination costs | $ | — |  |  | $ | (156 | )
Real Estate Restructuring - Employee termination benefit costs |  | (102 | ) |  |  | 2,277 |
Organizational Restructuring - Employee termination benefit costs |  | 1,677 |  |  |  | 4,676 |
Other cash restructuring charges |  | 308 |  |  |  | 581 |
Total cash restructuring charges | $ | 1,883 |  |  | $ | 7,378 |
Non-cash restructuring charges |  | 27 |  |  |  | 25 |
Total restructuring charges | $ | 1,910 |  |  | $ | 7,403 |
For the three and six months ended June 29, 2024, restructuring charges for the 2023 Plan were recorded in the Company’s consolidated statements of operations as follows:
| Three Months Ended |  |  | Six Months Ended |
| June 29, 2024 |  |  | June 29, 2024 |
Cost of revenues | $ | (102 | ) |  | $ | 2,328 |
Selling, general and administrative expenses |  | 2,012 |  |  |  | 5,075 |
Total restructuring charges | $ | 1,910 |  |  | $ | 7,403 |
For the fiscal year ended December 30, 2023, the components of the Company’s restructuring charges for the 2023 Plan were as follows:
| Fiscal Year Ended |
| December 30, 2023 |
Cash restructuring charges: |  |
Real Estate Restructuring - Lease termination costs | $ | 12,924 |
Real Estate Restructuring - Employee termination benefit costs |  | 5,678 |
Organizational Restructuring - Employee termination benefit costs |  | 26,927 |
Other cash restructuring charges |  | 1,577 |
Total cash restructuring charges | $ | 47,106 |
Non-cash restructuring charges: |  |
Accelerated depreciation and amortization charges | $ | 6,831 |
Other non-cash restructuring charges |  | (194 | )
Total non-cash restructuring charges | $ | 6,637 |
Total restructuring charges | $ | 53,743 |
For the fiscal year ended December 30, 2023, restructuring charges for the 2023 Plan were recorded in the Company’s consolidated statements of operations as follows:
| Fiscal Year Ended |
| December 30, 2023 |
Cost of revenues | $ | 21,116 |
Selling, general and administrative expenses |  | 32,627 |
Total restructuring charges | $ | 53,743 |
For the fiscal year ended December 31, 2022, the components of the Company’s restructuring charges for the 2023 Plan were as follows:
| Fiscal Year Ended |
| December 31, 2022 |
Cash restructuring charges: |  |
Real Estate Restructuring - Employee termination benefit costs | $ | 1,798 |
Organizational Restructuring - Employee termination benefit costs |  | 11,810 |
Total restructuring charges | $ | 13,608 |
For the fiscal year ended December 31, 2022, restructuring charges for the 2023 Plan were recorded in the Company’s consolidated statements of operations as follows:
| Fiscal Year Ended |
| December 31, 2022 |
Cost of revenues | $ | 1,798 |
Selling, general and administrative expenses |  | 11,810 |
Total restructuring charges | $ | 13,608 |
For the fiscal year ended December 31, 2022, the components of the Company’s restructuring charges for the 2022 Plan were as follows:
| Fiscal Year Ended |
| December 31, 2022 |
Cash restructuring charges: |  |
Lease termination costs | $ | 2,424 |
Employee termination benefit costs |  | 19,170 |
Other cash restructuring charges |  | 995 |
Total cash restructuring charges | $ | 22,589 |
Non-cash restructuring charges: |  |
Lease impairments | $ | 2,680 |
Accelerated depreciation and amortization charges |  | 1,453 |
Other non-cash restructuring charges |  | 459 |
Total non-cash restructuring charges | $ | 4,592 |
Total restructuring charges | $ | 27,181 |
For the fiscal year ended December 31, 2022, restructuring charges for the 2022 Plan were recorded in the Company’s consolidated statements of operations as follows:
| Fiscal Year Ended |
| December 31, 2022 |
Cost of revenues | $ | 6,476 |
Selling, general and administrative expenses |  | 20,705 |
Total restructuring charges | $ | 27,181 |
Schedule of Restructuring-related Liabilities | The following table presents a roll-forward of cash restructuring-related liabilities, which is included within accrued expenses in the Company’s consolidated balance sheets:
| Real Estate Restructuring - |  |  | Real Estate Restructuring - |  |  | Organizational Restructuring - |  |  |  |  |  |  |
| Lease termination costs |  |  | Employee termination benefit costs |  |  | Employee termination benefit costs |  |  | Other cash restructuring charges |  |  | Total |
Balance as of December 31, 2022 | $ | — |  |  | $ | 1,798 |  |  | $ | 11,810 |  |  | $ | — |  |  | $ | 13,608 |
Charges |  | 12,924 |  |  |  | 5,678 |  |  |  | 26,927 |  |  |  | 1,577 |  |  |  | 47,106 |
Payments |  | (12,768 | ) |  |  | (4,813 | ) |  |  | (15,142 | ) |  |  | (1,233 | ) |  |  | (33,956 | )
Balance as of December 30, 2023 | $ | 156 |  |  | $ | 2,663 |  |  | $ | 23,595 |  |  | $ | 344 |  |  | $ | 26,758 |
Charges |  | — |  |  |  | 2,327 |  |  |  | 2,324 |  |  |  | 581 |  |  |  | 5,232 |
Payments |  | — |  |  |  | (453 | ) |  |  | (11,565 | ) |  |  | (698 | ) |  |  | (12,716 | )
Change in estimate |  | (156 | ) |  |  | (50 | ) |  |  | 2,352 |  |  |  | — |  |  |  | 2,146 |
Balance as of June 29, 2024 | $ | — |  |  | $ | 4,487 |  |  | $ | 16,706 |  |  | $ | 227 |  |  | $ | 21,420 |
The following table presents a roll-forward of cash restructuring-related liabilities, which is included within accrued expenses in the Company’s consolidated balance sheets:
| Lease termination costs |  |  | Employee termination benefit costs |  |  | Other cash restructuring charges |  |  | Total |
Balance as of January 1, 2022 | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |
Charges |  | 2,424 |  |  |  | 19,170 |  |  |  | 995 |  |  |  | 22,589 |
Payments |  | (1,877 | ) |  |  | (10,909 | ) |  |  | — |  |  |  | (12,786 | )
Balance as of December 31, 2022 | $ | 547 |  |  | $ | 8,261 |  |  | $ | 995 |  |  | $ | 9,803 |
Payments |  | (122 | ) |  |  | (8,880 | ) |  |  | (995 | ) |  |  | (9,997 | )
Change in estimate |  | (425 | ) |  |  | 1,560 |  |  |  | — |  |  |  | 1,135 |
Balance as of December 30, 2023 | $ | — |  |  | $ | 941 |  |  | $ | — |  |  | $ | 941 |
Payments |  | — |  |  |  | (734 | ) |  |  | — |  |  |  | (734 | )
Change in estimate |  | — |  |  |  | 313 |  |  |  | — |  |  |  | 313 |
Balance as of June 29, 2024 | $ | — |  |  | $ | 520 |  |  | $ | — |  |  | $ | 520 |

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- Definition Tabular 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 Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 420 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SAB Topic 5.P.3) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479823/420-10-S99-1 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 420 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Subparagraph (SAB Topic 5.P.4) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479823/420-10-S99-2 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 420 -SubTopic 10 -Section 50 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482017/420-10-50-1 + Details
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- Definition Tabular disclosure of an entity's restructuring reserve that occurred during the period associated with the exit from or disposal of business activities or restructurings for each major type of cost. This element may also include a description of any reversal and other adjustment made during the period to the amount of an accrued liability for restructuring activities. This element may be used to encapsulate the roll forward presentations of an entity's restructuring reserve by type of cost and in total, and explanation of changes that occurred in the period. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 420 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Subparagraph (SAB Topic 5.P.4.b.2) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479823/420-10-S99-2 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 420 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (b)(2) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482017/420-10-50-1 + Details
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