Restructuring Charges

3 Months Ended

Mar. 29, 2026

Restructuring and Related Activities [Abstract]

For the thirteen weeks ended March 29, 2026, we recognized restructuring charges of $12.8 million. For the thirteen weeks ended March 30, 2025, we recognized restructuring charges of $4.7 million. The restructuring charges for the thirteen weeks ended March 29, 2026 were primarily related to the implementation of a voluntary and involuntary separation program that reduced overall headcount, primarily in our corporate functions. Restructuring charges for the period ended March 30, 2025 were largely related to severance costs and other associate-related costs in order to better align our workforce with our forecasted demand within our manufacturing footprint.

Reconciliation of Restructuring Liability


(U.S. Dollars presented in millions)	Balance at December 28, 2025		Provision(b)		Cash Expenditures(a)(b)		Non-cash Writeoffs		Balance at March 29, 2026
Workforce reduction costs	$	2.5	$	11.0	$	(5.4)	$	—	$	8.1

Other	(0.1)		1.8		(1.6)		—		0.1
	$	2.4	$	12.8	$	(7.0)	$	—	$	8.2


(U.S. Dollars presented in millions)	Balance at December 29, 2024		Provision		Cash Expenditures(a)		Non-cash Writeoffs		Balance at March 30, 2025
Workforce reduction costs	$	4.8	$	3.9	$	(1.0)	$	—	$	7.7
Other	0.1		0.8		(0.6)		(0.3)		—
	$	4.9	$	4.7	$	(1.6)	$	(0.3)	$	7.7

(a) Cash expenditures primarily related to severance charges.

(b) During the thirteen weeks ended March 29, 2026, the Company implemented a voluntary and involuntary separation program to reduce overall headcount, primarily in our corporate functions. As a result of the workforce reduction, the Company recorded $8.1 million of one-time termination benefit costs for employees who voluntarily and involuntarily terminated their employment with the Company during the quarter, of which $1.1 million was paid out during the thirteen weeks ended March 29, 2026.