v3.26.1
Restructuring Costs
3 Months Ended
Mar. 28, 2026
Restructuring and Related Activities [Abstract]  
Restructuring Costs Restructuring Costs
Restructuring costs are not allocated to the Company’s reportable segments as they are not part of the segment performance measures regularly reviewed by management. These charges are included in restructuring costs in the consolidated condensed statements of operations and comprehensive income (loss). Liabilities associated from restructuring costs are recorded in accrued liabilities on the consolidated balance sheets.
In November 2025, the Company implemented a restructuring plan (the “2025 Restructuring Plan”) designed to optimize its organizational structure, including the elimination of several positions and the consolidation of administrative functions. Planned pre‑tax charges associated with the 2025 Restructuring Plan are expected to total approximately $3,000, of which $454 and $2,235 were incurred during the three months ended March 28, 2026 and the year ended December 31, 2025, respectively. The 2025 Restructuring Plan is expected to be completed in 2026. These charges consist entirely of employee severance costs.
The following table summarizes the activity for restructuring liabilities:
2025 Restructuring Plan
Balance at December 31, 2025$1,437 
Expenses incurred454 
Payments made(730)
Balance at March 28, 2026$1,161