Other Operating (Income) Expense |
6 Months Ended | |||||||||||||||||||||||||||||||||||||||||||||
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Feb. 27, 2026 | ||||||||||||||||||||||||||||||||||||||||||||||
| Other Income and Expenses [Abstract] | ||||||||||||||||||||||||||||||||||||||||||||||
| Other Operating (Income) Expense | Other Operating (Income) Expense In recent periods, we executed plans that included the elimination of certain projects across our businesses, which resulted in workforce reductions. In connection therewith, we recorded restructuring charges of $5.8 million and $1.0 million in the first six months of 2026 and 2025, respectively, consisting solely of employee severance costs and other benefits, reflected in Other Operating (Income) Expense in the Consolidated Statements of Operations. These charges were primarily concentrated in the period management defined, committed, and communicated the plan, and therefore, they were accrued and recorded in the respective period announced. We anticipate there will be additional restructuring activities in future quarters, for which we will record additional charges. The following table summarizes the liabilities directly attributable to us that were recognized under the plans discussed above:
The 2026 beginning restructuring liability balance was $1.1 million, of which $0.3 million remained outstanding as of February 27, 2026. The total unpaid balance as of February 27, 2026 was $1.0 million, and it is expected to be fully paid by the end of 2026.
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