Acquisitions and Restructuring

6 Months Ended

Jun. 27, 2026

Acquisition, Restructuring and Related Activities [Abstract]

16. Acquisitions and Restructuring

Acquisition and restructuring related expense, net consists of the following (in thousands):


	Three Months Ended				Six Months Ended
	June 27, 2026		June 28, 2025		June 27, 2026		June 28, 2025
Business restructuring costs (income)	$	748	$	(8)	$	1,253	$	205
Acquisition transaction and integration costs	—		1,573		—		3,286
Total	$	748	$	1,565	$	1,253	$	3,491

Restructuring

During the three months ended June 27, 2026, the Company incurred $0.7 million of costs as part of a transformation program in E&RW. During the six months ended June 27, 2026, the Company incurred $1.3 million in costs which includes costs for a transformation program in E&RW and termination benefits for the restructuring of several teams in NAM.

During the three months ended June 28, 2025, the Company incurred a reduction in expense of $0.2 million to finalize the relocation of its corporate office functions to Charlotte, North Carolina from Berkeley Heights, New Jersey. The finalized total cost to execute the program was $5.7 million.

The following tables summarize the status of the Company’s restructuring related expense and related liability balances (in thousands):


			2026 Activity
	Liability as of January 1, 2026		Costs Recognized		Cash Payments		Liability as of June 27, 2026
One-time termination benefits	$	831	$	1,253	$	(883)	$	1,201
Facility-related	9		—		(9)		—
Other	8		—		(8)		—
Total	$	848	$	1,253	$	(900)	$	1,201


			2025 Activity
	Liability as of January 1, 2025		Costs Recognized		Cash Payments		Liability as of June 28, 2025
One-time termination benefits	$	1,534	$	205	$	(363)	$	1,376

Other	28		—		(28)		—
Total	$	1,562	$	205	$	(391)	$	1,376

Acquisitions

On June 26, 2024, the Company acquired the equity interests of ChlorKing HoldCo, LLC and related entities (“ChlorKing”). The acquired business includes pool saline chlorinators and UV disinfection systems serving the commercial pools and water treatment market segments. For the three and six months ended June 28, 2025, transaction expenses recognized for the acquisition were $1.6 million and $3.3 million, respectively. These expenses are included within Acquisition and restructuring related expense on the Company’s unaudited condensed consolidated statements of operations.