v3.26.1
RESTRUCTURING AND OTHER CHARGES (Tables)
6 Months Ended
Jul. 03, 2026
Restructuring and Related Activities [Abstract]  
Schedule of Restructuring and Related Charges
Restructuring and other charges comprise the following (in thousands):
Three Months EndedSix Months Ended
July 3,
2026
June 27,
2025
July 3,
2026
June 27,
2025
Restructuring charges$1,841 $637 $2,448 $1,301 
Acquisition and integration costs
173 2,007 1,615 6,749 
Other general expenses7,423 8,146 
Total restructuring and other charges
$9,437 $2,651 $12,209 $8,056 
The following table comprises restructuring and restructuring-related charges (gains) by classification in the Company’s Condensed Consolidated Statements of Operations and Comprehensive Income (in thousands):
Three Months EndedSix Months Ended
July 3,
2026
June 27,
2025
July 3,
2026
June 27,
2025
Restructuring charges:
Restructuring and other charges
$1,841 $637 $2,448 $1,301 
Restructuring-related expenses(a):
Cost of sales1,753 1,439 2,755 1,840 
Selling, general and administrative513 499 598 542 
Research, development and engineering290 — 444 (6)
Total restructuring and restructuring-related charges
$4,397 $2,575 $6,245 $3,677 
__________
(a) Restructuring-related expenses primarily include retention bonuses, consulting expenses, professional fees and equipment relocation costs.
Schedule of Changes in Restructuring Reserves
The following table summarizes the activity for restructuring reserves (in thousands):
Operational
excellence
Strategic reorganization and alignmentManufacturing alignment to support growthTotal
December 31, 2025$122 $10 $27 $159 
Charges incurred, net of reversals2,016 427 2,448 
Non-cash charges incurred (included above)(344)— — (344)
Cash payments(312)(15)(450)(777)
July 3, 2026$1,482 $— $$1,486 
Schedule of Business Combination, Acquisition and Integration Costs
Acquisition and integration costs comprise the following (in thousands):
Three Months EndedSix Months Ended
July 3,
2026
June 27,
2025
July 3,
2026
June 27,
2025
Acquisition costs$(642)$548 $331 $3,392 
Integration costs815 1,459 1,284 3,357 
Acquisition and integration costs$173 $2,007 $1,615 $6,749 
Fair value adjustments included in acquisition costs$(1,179)$(309)$(1,179)$(309)