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Restructuring
9 Months Ended
Mar. 30, 2025
Restructuring and Related Activities [Abstract]  
Restructuring

NOTE 9. RESTRUCTURING

In an effort to optimize its cost structure, the Company has initiated actions to reduce its headcount. The total cost of these actions was $0.8 million and $1.1 million for the three and nine months ended March 30, 2025. All accrued severance will be paid in the next 12 months. Restructuring expense is reported in the accompanying condensed consolidated Statements of Income and Comprehensive Income as part of Engineering, Selling and Administrative Expenses.

 

Changes in the restructuring reserve were as follows (in thousands):

 

Three Months Ended

 

 

Nine Months Ended

 

 

March 30,
2025

 

 

March 31,
2024

 

 

March 30,
2025

 

 

March 31,
2024

 

Balance, beginning of period

$

265

 

 

$

 

 

$

 

 

$

 

Restructuring charge

 

809

 

 

 

 

 

 

1,074

 

 

 

 

Reclassification from
   postemployment obligations

 

782

 

 

 

 

 

 

782

 

 

 

 

Payments

 

(1,278

)

 

 

 

 

 

(1,278

)

 

 

 

Balance, end of period

$

578

 

 

$

 

 

$

578

 

 

$