In fiscal years 2025 and 2024, we announced restructuring plans that were both designed to reduce costs and expenses in response to macroeconomic conditions and current operating performance. These actions impacted all three of our business segments as well as Corporate. The restructuring programs are expected to result in the reduction in annual cost of sales and operating expenses.

In 2026, the Company continued to implement restructuring actions, across all segments. In connection with these actions, we recorded restructuring expenses of $2.3 million in the three months ended April 3, 2026, compared to $2.0 million in the three months ended March 28, 2025. All of these charges were associated with workforce reduction, including severance and other personnel-related costs. We expect to substantially complete the remaining restructuring activities by the end of the second quarter of fiscal year 2026.

The activity in the accrued balances incurred in relation to restructuring during the three months ended April 3, 2026 and March 28, 2025, were as follows:


	Reduction in Force
(Thousands)	Performance Materials		Electronic Materials		Precision Optics		Other		Consolidated
Balance at December 31, 2025	$	—	$	83	$	59	$	9	$	151
Additional Charges	615		409		839		432		2,295
Cash Payments	(365)		(370)		(425)		(337)		(1,497)
Balance at April 3, 2026	$	250	$	122	$	473	$	104	$	949


	Reduction in Force
(Thousands)	Performance Materials		Electronic Materials		Precision Optics		Other		Consolidated
Balance at December 31, 2024	$	56	$	293	$	60	$	408	$	817
Additional Charges	196		453		1,358		31		2,038
Cash Payments	(66)		(648)		(1,015)		(129)		(1,858)
Balance at March 28, 2025	$	186	$	98	$	403	$	310	$	997