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Restructuring | 9 Months Ended
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Sep. 28, 2024
Restructuring and Related Activities [Abstract] |
Restructuring | 15. Restructuring 2024 Plan As previously disclosed, in the third quarter of fiscal 2024, in connection with the strategic streamlining of its operational structure to optimize its clinical and behavioral product portfolio and its cost-savings initiative, the Company committed to a plan of reduction in force that has resulted and will further result in the elimination of certain positions and the termination of employment for certain employees worldwide (the “2024 Plan”). Refer to the tables below for the total restructuring charges under the 2024 Plan recorded for the three and nine months ended September 28, 2024. The cumulative amount incurred as of September 28, 2024 related to the aggregate 2024 Plan i s $14,812. T he Company expects the 2024 Plan to be fully executed by the end of fiscal 2025. For the three and nine months ended September 28, 2024, the components of the Company’s restructuring charges for the 2024 Plan were as follows:
| Three Months Ended |  |  | Nine Months Ended |
| September 28, 2024 |  |  | September 28, 2024 |
Cash restructuring charges: |  |  |  |  |
Employee termination benefit costs | $ | 14,410 |  |  | $ | 14,410 |
Other cash restructuring charges |  | 402 |  |  |  | 402 |
Total restructuring charges | $ | 14,812 |  |  | $ | 14,812 |
For the three and nine months ended September 28, 2024, restructuring charges for the 2024 Plan were recorded in the Company’s consolidated statements of operations as follows:
| Three Months Ended |  |  | Nine Months Ended |
| September 28, 2024 |  |  | September 28, 2024 |
Cost of revenues | $ | 2,450 |  |  | $ | 2,450 |
Selling, general and administrative expenses |  | 12,362 |  |  |  | 12,362 |
Total restructuring charges | $ | 14,812 |  |  | $ | 14,812 |
All expenses were recorded to general corporate expenses. 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:
| Employee termination benefit costs |  |  | Other cash restructuring charges |  |  | Total |
Balance as of December 30, 2023 | $ | — |  |  | $ | — |  |  | $ | — |
Charges |  | 14,410 |  |  |  | 402 |  |  |  | 14,812 |
Payments |  | (4,896 | ) |  |  | (402 | ) |  |  | (5,298 | )
Balance as of September 28, 2024 | $ | 9,514 |  |  | $ | — |  |  | $ | 9,514 |
As of September 28, 2024, the Company expects the remaining employee termination benefit liability to be paid in full by the end of fiscal 2027. 2023 Plan As previously disclosed, in the fourth quarter of fiscal 2022, management reviewed the then-current global business operations of the Company as well as the different functions and systems supporting those operations and contrasted them with the Company's strategic priorities and requirements for fiscal 2023 and beyond. Based on that review, in December 2022, the Company's management resolved to centralize its global management of certain functions and systems, deprioritize and in some cases cease operations for certain non-strategic business lines, and continue the rationalization of its real estate portfolio to align with its future needs. Throughout December 2022 and January 2023, management developed and continued refining a detailed plan to achieve these goals. The Company committed to a restructuring plan consisting of (i) an organizational restructuring and rationalization of certain functions and systems to centralize the Company’s management, align resources with strategic business lines and reduce costs associated with certain functions and systems (the “Organizational Restructuring”) and (ii) the continued rationalization of its real estate portfolio and resulting operating lease termination charges and the associated employment termination costs (the “Real Estate Restructuring,” and together with the Organizational Restructuring, the “2023 Plan”). Refer to the tables below for the total restructuring charges under the 2023 Plan recorded for the three and nine months ended September 28, 2024 and for the fiscal years ended December 30, 2023 and December 31, 2022. The cumulative amount incurred as of September 28, 2024 related to the aggregate 2023 Plan i s $74,005. The Organizational Restructuring has resulted and will further result in the elimination of certain positions and the termination of employment for certain employees worldwide. Refer to the tables below for the employee termination benefit costs related to the Organizational Restructuring under the 2023 Plan recorded for the three and nine months ended September 28, 2024 and for the fiscal years ended December 30, 2023 and December 31, 2022. The cumulative amount incurred as of September 28, 2024 related to the aggregate employee termination benefit costs related to the Organizational Restructuring under the 2023 Plan i s $41,295. Refer to the tables below for the lease termination costs and employee termination benefit costs related to the Real Estate Restructuring under the 2023 Plan recorded for the three and nine months ended September 28, 2024 and for the fiscal years ended December 30, 2023 and December 31, 2022, as applicable. The cumulative amount incurred as of September 28, 2024 related to the aggregate lease t ermination costs and employee termination benefit costs related to the Real Estate Restructuring under the 2023 Plan is $12,789 and $11,101, res pectively. Refer to the tables below for the other cash restructuring charges and other non-cash restructuring charges under the 2023 Plan recorded for the three and nine months ended September 28, 2024 and for the fiscal year ended December 30, 2023. The cumulative amount incurred as of September 28, 2024 related to the aggregate other cash restructuring charges and total non-cash restructuring charges under the 2023 Pl an is $2,158 and $6,662, resp ectively. For the three and nine months ended September 28, 2024, the components of the Company’s restructuring charges for the 2023 Plan were as follows:
| Three Months Ended |  |  | Nine Months Ended |
| September 28, 2024 |  |  | September 28, 2024 |
Cash restructuring charges: |  |  |  |  |
Real Estate Restructuring - Lease termination costs | $ | 21 |  |  | $ | (135 | )
Real Estate Restructuring - Employee termination benefit costs |  | 1,349 |  |  |  | 3,625 |
Organizational Restructuring - Employee termination benefit costs |  | (2,119 | ) |  |  | 2,558 |
Other cash restructuring charges |  | — |  |  |  | 581 |
Total cash restructuring charges | $ | (749 | ) |  | $ | 6,629 |
Non-cash restructuring charges |  | — |  |  |  | 25 |
Total restructuring charges | $ | (749 | ) |  | $ | 6,654 |
For the three and nine months ended September 28, 2024, restructuring charges for the 2023 Plan were recorded in the Company’s consolidated statements of operations as follows:
| Three Months Ended |  |  | Nine Months Ended |
| September 28, 2024 |  |  | September 28, 2024 |
Cost of revenues | $ | 1,370 |  |  | $ | 3,697 |
Selling, general and administrative expenses |  | (2,119 | ) |  |  | 2,957 |
Total restructuring charges | $ | (749 | ) |  | $ | 6,654 |
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 |
All expenses were recorded to general corporate expenses. 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 |  | — |  |  |  | 2,363 |  |  |  | 2,547 |  |  |  | 581 |  |  |  | 5,491 |
Payments |  | (21 | ) |  |  | (1,273 | ) |  |  | (16,524 | ) |  |  | (925 | ) |  |  | (18,743 | )
Change in estimate |  | (135 | ) |  |  | 1,262 |  |  |  | 11 |  |  |  | — |  |  |  | 1,138 |
Balance as of September 28, 2024 | $ | — |  |  | $ | 5,015 |  |  | $ | 9,629 |  |  | $ | — |  |  | $ | 14,644 |
As of September 28, 2024, the Company expects the remaining employee termination benefit liability related to the Real Estate Restructuring and the remaining employee termination benefit liability related to the Organizational Restructuring to be paid in full by the end of fiscal 2026. 2022 Plan As previously disclosed, in the second quarter of fiscal 2022, the Company committed to a restructuring plan consisting of (i) an organizational realignment to simplify the Company’s corporate structure and reduce associated costs (the “Organizational Realignment”) and (ii) a continued rationalization of its real estate portfolio resulting in the termination of certain of the Company’s operating leases (together with the Organizational Realignment, the “2022 Plan”). The Organizational Realignment has resulted in the elimination of certain positions and termination of employment for certain employees worldwide. Refer to the tables below for the total restructuring charges under the 2022 Plan recorded for the fiscal year ended December 31, 2022. The cumulative amount incurred as of September 28, 2024 related to the aggregate 202 2 Plan is $28,372. 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 |
All expenses were recorded to general corporate expenses. 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 |  | — |  |  |  | (844 | ) |  |  | — |  |  |  | (844 | )
Change in estimate |  | — |  |  |  | 56 |  |  |  | — |  |  |  | 56 |
Balance as of September 28, 2024 | $ | — |  |  | $ | 153 |  |  | $ | — |  |  | $ | 153 |
As of September 28, 2024, the Company expects the remaining employee termination benefit liability to be paid in full by the end of fiscal 2024.

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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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