In April 2022, management approved and commenced a restructuring plan that is intended to better position us for stronger performance. The restructuring plan will mainly reduce headcount and consolidate facilities. As a result of this restructuring plan, we analyzed the need to write-down inventory and impair long-lived assets, including operating lease right-of-use assets. During the three and six months ended June 28, 2025, we recorded total charges, net of $0.6 million and $1.0 million, respectively. Cumulative through the six months ended June 28, 2025, we recorded aggregate total charges of $30.2 million ($2.1 million of which was recorded as cost of sales). As of June 28, 2025, we estimate the remaining amount of charges related to this initiative will be $0.5 million to $1.0 million of total pre-tax restructuring charges during 2025 for facility consolidation related expenses.

In the Electronics Systems segment, we recorded $0.1 million of other restructuring charges during the three months ended of June 28, 2025. We recorded $0.1 million each for severance and benefits that were classified as restructuring charges and other restructuring charges during the six months ended June 28, 2025. Cumulative through the six months ended June 28, 2025, we recorded total charges for severance and benefits that were classified as restructuring charges, accelerated depreciation of property and equipment that was classified as restructuring charges, charges for inventory write down that was classified as cost of sales, and other restructuring of $9.6 million, $0.3 million, $0.3 million, and $0.3 million, respectively.

In the Structural Systems segment, we recorded charges of $0.5 million during the three months ended June 28, 2025 for other restructuring charges. We recorded (credits) charges of ($0.2) million and $1.0 million during the six months ended June 28, 2025, for severance and benefits that were classified as restructuring charges and other restructuring charges, respectively. Cumulative through the six months ended June 28, 2025, we recorded total charges for severance and benefits that were classified as restructuring charges, accelerated depreciation of property and equipment/impairment of property and equipment that was classified as restructuring charges, charges for inventory write down that was classified as cost of sales, and other restructuring of $7.4 million, $2.0 million, $1.8 million, and $8.4 million, respectively.


	December 31, 2024		Six Months Ended June 28, 2025								June 28, 2025
	Balance		Charges		Cash Payments		Non-Cash Payments		Change in Estimates		Balance
Severance and benefits	$	1,543	$	56	$	(721)	$	—	$	(170)	$	708




Other	389		1,147		(1,089)		—		—		447
Ending balance	$	1,932	$	1,203	$	(1,810)	$	—	$	(170)	$	1,155

The restructuring activities accrual for severance and benefits and other of $1.2 million as of June 28, 2025 was included as part of accrued and other liabilities and is expected to be paid out during 2025.