On September 29, 2025, the Company announced plans for headcount reductions and plant closures at certain of its facilities. The following tables summarize the activities related to the plan.

The liability for restructuring reserves is included within Other current liabilities in the Company's condensed consolidated balance sheets as follows:


	Electrical				Safety & Infrastructure		Other/ Corporate
(in thousands)	Severance		Other		Severance		Severance		Total
Balance as of September 30, 2025	$	845	$	—	$	227	$	257	$	1,329
Charges	445		167		928		(13)		1,527
Utilization	(772)		(162)		(245)		(244)		(1,423)



Balance as of December 26, 2025	$	518	$	5	$	910	$	—	$	1,433
Charges	514		2,809		805		—		4,128
Utilization	(603)		(2,555)		(309)		—		(3,467)



Balance as of March 27, 2026	$	429	$	259	$	1,406	$	—	$	2,094

The Company expects to utilize all restructuring accruals as of March 27, 2026 within the next twelve months. The net restructuring charges included as a component of Selling, general and administrative expenses in the Company's condensed consolidated statements of operations were as follows:


	Three months ended				Six months ended
(in thousands)	March 27, 2026		March 28, 2025		March 27, 2026		March 28, 2025
Total restructuring charges, net	$	4,128	$	595	$	5,656	$	916

In addition to the charges presented above, the Company reduced the remaining useful lives of assets still in use at the plants that are closing in fiscal 2026. This resulted in an additional depreciation expense of $9,739 and $17,903 to be recognized in the three and six months ended March 27, 2026. Depreciation of plant assets is recognized in Cost of sales.

The Company additionally recognized a non-cash impairment charge of $3,774 pertaining to operating lease right-of-use assets, as well as $1,279 associated with construction-in-progress assets, in connection with the closure of plants and the subsequent winding down of operations.