During the three months ended June 28, 2025 and June 29, 2024, the Company recorded restructuring and other charges of $1.0 million and $8.2 million, respectively, in the consolidated statements of operations. During the six months ended June 28, 2025 and June 29, 2024, the Company recorded restructuring and other charges of $8.9 million and $22.4 million, respectively, in the consolidated statements of operations.

The components of restructuring and other charges were as follows (in thousands):


	Three Months Ended				Six Months Ended
	June 28, 2025		June 29, 2024		June 28, 2025		June 29, 2024
Cash restructuring charges:
Severance and other personnel costs	$	622	$	4,854	$	2,711	$	16,201
Other restructuring costs	421		279		4,584		2,985
CEO transition costs	—		1,076		—		1,519
Total cash charges	1,043		6,209		7,295		20,705

Non-cash charges:
Asset write offs	(11)		871		1,569		2,749

CEO transition costs related to stock-based awards	—		1,150		—		(1,077)
Total non-cash charges	(11)		2,021		1,569		1,672

Total restructuring and other charges	$	1,032	$	8,230	$	8,864	$	22,377

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 three months ended June 28, 2025 and June 29, 2024, the Company recorded restructuring costs of $0.6 million and $4.9 million, respectively. During the six months ended June 28, 2025 and June 29, 2024, the Company recorded restructuring costs of $2.7 million and $16.2 million, respectively. These charges consist primarily of employee termination benefits including severance, payroll taxes and other benefits. The Company does not expect any further material restructuring charges under the 2024 Restructuring Plan.

In addition, during the three months ended June 28, 2025 and June 29, 2024, the Company recorded other restructuring costs of $0.4 million and $1.2 million, respectively. During the six months ended June 28, 2025 and June 29, 2024, the Company recorded other restructuring costs of $6.2 million and $5.7 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 costs		Other restructuring costs		CEO transition costs		Total
Balance as of December 28, 2024	$	1,925	$	1,457	$	338	$	3,720
Charges	2,711		4,584		—		7,295
Cash payments	(3,315)		(281)		(321)		(3,917)
Balance as June 28, 2025	$	1,321	$	5,760	$	17	$	7,098