v3.26.1
Restructuring and Asset-Related Charges, Net (Tables)
 3 Months Ended
Mar. 28, 2026
Restructuring and Related Activities [Abstract]  
Schedule of Restructuring and Asset Related Costs
(amounts in thousands)North
America 		EuropeCorporate
and
Unallocated
Costs		Total
Consolidated
Three Months Ended March 28, 2026
Restructuring severance and employee-related charges, net$456 $81 $33 $570 
Other restructuring associated costs, net336 977 — 1,313 
Asset-related charges, net— 96 — 96 
Other restructuring associated costs and asset-related charges, net336 1,073 — 1,409 
Total restructuring and asset-related charges, net$792 $1,154 $33 $1,979 
Three Months Ended March 29, 2025
Restructuring severance and employee-related charges, net(1)
$10,019 $1,850 $736 $12,605 
Other restructuring associated costs, net644 1,131 — 1,775 
Asset-related charges, net— 166 — 166 
Other restructuring associated costs and asset-related charges, net644 1,297 — 1,941 
Total restructuring and asset-related charges, net$10,663 $3,147 $736 $14,546 
(1)In the first quarter of fiscal 2025, the Company implemented a reduction in force, which was substantially complete as of March 29, 2025. The charges incurred in the three months ended March 29, 2025, were included in restructuring and asset-related charges, net in the accompanying unaudited condensed consolidated statement of operations and include $0.7 million related to Corporate.
Costs and cash outlays associated with the plans are as follows:
Total Estimated CostsCumulative Costs to-dateCosts in the Three Months Ended
(amounts in thousands)March 28, 2026March 29, 2025
Restructuring severance and employee-related charges, net(1)
$36,600 $35,009 $456 $10,019 
Other restructuring associated costs, net(1)
17,700 12,820 336 644 
Product-related cash charges(2)
6,700 6,719 — 134 
Total cash charges$61,000 $54,548 $792 $10,797 
Asset-related charges, net(1)
24,900 23,974 — — 
Inventory and other product-related non-cash charges, net(3)
9,300 9,061 (82)1,121 
Total non-cash charges$34,200 $33,035 $(82)$1,121 
Total costs$95,200 $87,583 $710 $11,918 
Total cash outlays(4)
$67,600 $60,092 $3,422 $5,556 
(1)The charges incurred in the three months ended March 28, 2026 and March 29, 2025, were included in restructuring and asset-related charges, net in the accompanying unaudited condensed consolidated statements of operations.
(2)The product-related cash charges incurred in the three months ended March 29, 2025, were detrimental to net sales in the accompanying unaudited condensed consolidated statement of operations.
(3)The inventory and other product-related non-cash charges, net in the three months ended March 28, 2026 and March 29, 2025, were included in cost of sales in the accompanying unaudited condensed consolidated statement of operations.
(4)Total cash outlays include $5.5 million of cash payments related to debt repayment for financed equipment, and a $0.9 million lease termination fee.
Costs and cash outlays associated with the plans are as follows:
Total Estimated CostsCumulative Costs to-dateCosts in the Three Months Ended
(amounts in thousands)March 28, 2026March 29, 2025
Restructuring severance and employee-related charges, net(1)
$32,000 $30,969 $81 $1,850 
Other restructuring associated costs, net(1)
17,000 14,706 977 1,131 
Total cash charges$49,000 $45,675 $1,058 $2,981 
Asset-related charges, net(1)
2,700 1,880 96 166 
Total costs$51,700 $47,555 $1,154 $3,147 
Total cash outlays$49,000 $43,570 $2,843 $4,600 
(1)The charges incurred in the three months ended March 28, 2026 and March 29, 2025, were included in restructuring and asset-related charges, net in the accompanying unaudited condensed consolidated statements of operations.
Schedule of Restructuring Reserve by Type of Cost
The following is a summary of the restructuring accruals recorded, and charges incurred:
(amounts in thousands)March 28, 2026December 31, 2025
Balance as of January 1,$9,003 $7,605 
Current period charges, net1,884 41,362 
Payments(7,096)(40,508)
Currency translation(52)544 
Balance at period end$3,739 $9,003