v3.25.2
Restructuring and Related Activities
6 Months Ended
Jun. 28, 2025
Restructuring and Related Activities [Abstract]  
Restructuring and Related Activities Disclosure
14. RESTRUCTURING COSTS

During the first two fiscal quarters of 2025, the Company initiated certain business restructuring activities aimed at improving operational efficiency and aligning resources with strategic priorities. These activities resulted in restructuring charges of $13.3 million and $15.7 million for the three and six months ended June 28, 2025, respectively, primarily related to a reduction in workforce and the abandonment of certain capital equipment no longer necessary for the Company’s long-term objectives.
The charges related to these restructuring activities were recognized in the condensed consolidated statements of operations for the three and six months ended June 28, 2025 as follows:
Three months ended June 28, 2025Six months ended June 28, 2025
(In millions)Employee Termination BenefitsAsset Impairment ChargesTotalEmployee Termination BenefitsAsset Impairment ChargesTotal
Cost of sales$2.1 $— $2.1 $2.3 $— $2.3 
Selling, general and administrative3.4 6.3 9.7 5.0 6.3 11.3 
Engineering, research and development1.5 — 1.5 2.1 — 2.1 
Total$7.0 $6.3 $13.3 $9.4 $6.3 $15.7 
Restructuring charges by reportable segment as well as unallocated corporate level charges for the three and six months ended June 28, 2025 were as follows:
Three months ended June 28, 2025Six months ended June 28, 2025
(In millions)Employee Termination BenefitsAsset Impairment ChargesTotalEmployee Termination BenefitsAsset Impairment ChargesTotal
MS$3.0 $— $3.0 $3.1 $— $3.1 
APS3.6 6.3 9.9 5.9 6.3 12.2 
Unallocated corporate0.4 — 0.4 0.4 — 0.4 
Total$7.0 $6.3 $13.3 $9.4 $6.3 $15.7