v3.25.2
Restructuring Plan (Tables)
6 Months Ended
Jun. 28, 2025
Restructuring and Related Activities [Abstract]  
Schedule of Restructuring Charges and Activity
The following table summarizes charges incurred related to the Restructuring Plan for the 13 and 26 weeks ended June 28, 2025 and for the cumulative-to-date period ended June 28, 2025 since the initiation of the Restructuring Plan (in thousands):
13 Weeks
Ended (1)
26 Weeks
Ended (1)
Cumulative (2)
June 28,
2025
June 28,
2025
June 28,
2025
Cash restructuring charges:
Lease termination costs
$5,019 $34,112 $34,112 
Employee severance and benefit costs
— 1,532 1,532 
Legal, professional and other costs
— 1,522 1,522 
Total cash restructuring costs
5,019 37,166 37,166 
Non-cash impairment and disposal of long-lived assets
6,138 7,866 23,754 
Total restructuring charges
$11,157 $45,032 $60,920 
_______________________
(1)All costs incurred related to the Restructuring Plan during the 13 and 26 weeks ended June 28, 2025 are included in Restructuring charges on the condensed consolidated statements of operations and comprehensive income (loss).
(2)Cumulative-to-date since the initiation of the Restructuring Plan during the fourth quarter of fiscal 2024.
The following table summarizes the restructuring liability activity for the Restructuring Plan during the 26 weeks ended June 28, 2025 (in thousands):
Lease Termination Costs
Employee Severance and Benefit Costs
Legal, Professional and Other Costs
Total
Balance at December 28, 2024
$— $— $— $— 
Cash restructuring charges
34,112 1,532 1,522 37,166 
Cash payments
(33,573)(1,532)(1,177)(36,282)
Balance at June 28, 2025
$539 $— $345 $884