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Restructuring and Other Charges
 9 Months Ended
Sep. 27, 2025
Restructuring and Related Activities [Abstract]  
Restructuring and Other Charges Restructuring and Other Charges
During the three months ended September 27, 2025 and September 28, 2024, the Company recorded restructuring and other charges of $0.1 million and $1.9 million, respectively, in the consolidated statements of operations. During the nine months ended September 27, 2025 and September 28, 2024, the Company recorded restructuring and other charges of $8.9 million and $24.3 million, respectively, in the consolidated statements of operations.
The components of restructuring and other charges were as follows (in thousands):
 Three Months EndedNine Months Ended
 September 27, 2025September 28, 2024September 27, 2025September 28, 2024
Cash restructuring charges:
Severance and other personnel costs$11 $998 $2,722 $17,198 
Other restructuring costs73 454 4,657 3,439 
CEO transition costs— 534 — 2,053 
Total cash charges84 1,986 7,379 22,690 
Non-cash charges:
Asset write offs(3)79 1,566 2,828 
CEO transition costs related to stock-based awards— (143)— (1,220)
Total non-cash charges(3)(64)1,566 1,608 
Total restructuring and other charges$81 $1,922 $8,945 $24,298 
On January 29, 2024, following the termination of the Merger Agreement, the Company announced an operational restructuring plan ("2024 Restructuring Plan") which included a reduction in headcount of approximately 440 employees. During the nine months ended September 27, 2025 and September 28, 2024, the Company recorded restructuring costs of $2.7
million and $17.2 million, respectively. These charges consist primarily of employee termination benefits including severance, payroll taxes and other benefits. During the three months ended September 27, 2025, the Company recorded additional restructuring adjustments to the restructuring costs and does not expect any further material restructuring charges under the 2024 Restructuring Plan.
In addition, during the three months ended September 27, 2025 and September 28, 2024, the Company recorded other restructuring costs of $0.1 million and $0.5 million, respectively. During the nine months ended September 27, 2025 and September 28, 2024, the Company recorded other restructuring costs of $6.2 million and $6.3 million, respectively. These charges consist of accelerated depreciation and write-offs on certain fixed assets, warehouse exit costs, write-offs on material liabilities at contract manufacturers due to discontinuation of programs, as well as other costs associated with rightsizing its global real estate footprint.
In conjunction with the termination of the Merger Agreement, Colin Angle, the Company's then-Chief Executive Officer, stepped down as an officer of the Company and from his position as chairman of the Board effective January 28, 2024. The Board appointed Glen D. Weinstein, the Company's then Executive Vice President and Chief Legal Officer, as Interim Chief Executive Officer while a search was conducted for a permanent CEO. On May 6, 2024, the Company appointed Gary S. Cohen as the Company's Chief Executive Officer. Gary S. Cohen succeeded Glen D. Weinstein as the principal executive officer of the Company. Glen D. Weinstein provided transition services as a Company employee during the transition period. CEO transition costs represent costs incurred for CEO search fees and charges associated with the transition-related agreements with Colin Angle and Glen D. Weinstein which include compensation during the transition period as well as adjustments for modification of stock-based awards.
The following table presents a roll-forward of cash restructuring-related liabilities associated with the 2024 Restructuring Plan, which is included within accounts payable and accrued expenses in the consolidated balance sheets (in thousands):
Severance and other personnel costsOther restructuring costsCEO transition costsTotal
Balance as of December 28, 2024
$1,925 $1,457 $338 $3,720 
Charges2,722 4,657 — 7,379 
Cash payments(3,549)(5,346)(338)(9,233)
Balance as September 27, 2025
$1,098 $768 $— $1,866