In January 2025, management committed to a plan that included repositioning to high-growth and lower cost regions and further consolidation of leased facilities in an effort to optimize its cost structure (the “January 2025 Restructuring”). In connection with the plan, the Company incurred $3,085 and $5,760 of total charges for the fiscal years ended March 27, 2026 and
March 28, 2025, respectively. The Company incurred $1,562 and $5,121 related to employee severance and other employee-related benefit charges for the fiscal years ended March 27, 2026 and March 28, 2025, respectively. The Company does not expect to incur additional material charges related to the January 2025 Restructuring.

The following table presents restructuring, exit costs and other charges, net as included in the Company’s consolidated statement of operations for the fiscal years ended March 27, 2026 and March 28, 2025 related to the January 2025 Restructuring.


	Fiscal Year Ended
	March 27, 2026		March 28, 2025
Cost of goods sold	$	301	$	1,365
Research and development		1,801		2,585
Selling, general and administrative		983		1,810
	$	3,085	$	5,760

A summary of changes in the Company’s accrual for employee severance and related expenses related to the January 2025 Restructuring was as follows:


	Severance
Balance as of March 29, 2024	$	—
Costs incurred		5,121
Cash disbursements		(3,910	)
Other		436
Balance as of March 28, 2025	$	1,647
Costs incurred		1,562
Cash disbursements		(5,114	)
Other		2,067
Balance as of March 27, 2026	$	162

In June 2025, the Company further consolidated leased facilities and optimized its cost structure through repositioning its workforce to high-growth markets and rebalancing its workforce to lower cost markets (the “June 2025 Restructuring”). In connection with the plan, the Company incurred $10,274 of total charges for the fiscal years ended March 27, 2026 of which $4,826 related to employee severance and other employee-related benefit charges, and $5,027 related to real estate actions. The Company does not expect to incur additional material charges related to the June 2025 Restructuring.

The following table presents restructuring, exit costs and other charges, net as included in the Company’s consolidated statement of operations for the fiscal year ended March 27, 2026 related to the June 2025 Restructuring.


	Fiscal Year Ended
	March 27, 2026
Cost of goods sold	$	1,559
Research and development		2,931
Selling, general and administrative		5,784
	$	10,274

A summary of changes in the Company’s accrual for employee severance and related expenses related to the June 2025 Restructuring was as follows:


	Severance
Balance as of March 28, 2025	$	—
Costs incurred		4,826
Cash disbursements		(2,726	)
Other		(283	)
Balance as of March 27, 2026	$	1,817