Restructuring, Acquisition, and Related Costs (Tables)
|
6 Months Ended |
Jul. 03, 2026 |
|---|
| Restructuring Cost and Reserve [Line Items] |
|
| Schedule of Restructuring, Acquisition and Related Costs |
The following table summarizes restructuring, acquisition, and related costs in the accompanying consolidated statements of operations (in thousands):
|
|
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|
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|
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|
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|
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|
|
|
|
|
Three Months Ended |
|
|
Six Months Ended |
|
|
July 3, |
|
|
June 27, |
|
|
July 3, |
|
|
June 27, |
|
|
2026 |
|
|
2025 |
|
|
2026 |
|
|
2025 |
|
2025 restructuring |
$ |
3,675 |
|
|
$ |
6,836 |
|
|
$ |
4,717 |
|
|
$ |
6,836 |
|
2024 restructuring |
|
997 |
|
|
|
3,385 |
|
|
|
1,480 |
|
|
|
3,975 |
|
2020 restructuring |
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
(3,595 |
) |
Total restructuring charges |
|
4,672 |
|
|
|
10,221 |
|
|
|
6,197 |
|
|
|
7,216 |
|
Acquisition and related charges |
|
7,827 |
|
|
|
2,351 |
|
|
|
8,907 |
|
|
|
2,901 |
|
Total restructuring, acquisition, and related costs |
$ |
12,499 |
|
|
$ |
12,572 |
|
|
$ |
15,104 |
|
|
$ |
10,117 |
|
|
| Summary of Accrual Activities by Components Related to Company's Restructuring Plans |
The following table summarizes the accrual activities, by component, related to the Company’s restructuring plans recorded in the accompanying consolidated balance sheets (in thousands):
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Total |
|
|
Employee Related |
|
|
Facility Related |
|
|
Other |
|
Balance at December 31, 2025 |
$ |
10,582 |
|
|
$ |
9,889 |
|
|
$ |
693 |
|
|
$ |
— |
|
Restructuring charges |
|
6,197 |
|
|
|
4,002 |
|
|
|
1,299 |
|
|
|
896 |
|
Cash payments |
|
(9,562 |
) |
|
|
(8,342 |
) |
|
|
(408 |
) |
|
|
(812 |
) |
Non-cash write-offs and other adjustments(1) |
|
(1,742 |
) |
|
|
(652 |
) |
|
|
(1,070 |
) |
|
|
(20 |
) |
Balance at July 3, 2026 |
$ |
5,475 |
|
|
$ |
4,897 |
|
|
$ |
514 |
|
|
$ |
64 |
|
(1) Non-cash charges primarily related to accelerated depreciation on a facility.
|
| 2025 Restructuring |
|
| Restructuring Cost and Reserve [Line Items] |
|
| Summary of Restructuring Charges by Reportable Segment |
The following table summarizes restructuring costs associated with the 2025 restructuring program by reportable segment (in thousands):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended |
|
|
Six Months Ended |
|
|
July 3, |
|
|
June 27, |
|
|
July 3, |
|
|
June 27, |
|
|
2026 |
|
|
2025 |
|
|
2026 |
|
|
2025 |
|
Automation Enabling Technologies |
$ |
1,984 |
|
|
$ |
940 |
|
|
$ |
2,570 |
|
|
$ |
940 |
|
Medical Solutions |
|
402 |
|
|
|
4,202 |
|
|
|
680 |
|
|
|
4,202 |
|
Unallocated |
|
1,289 |
|
|
|
1,694 |
|
|
|
1,467 |
|
|
|
1,694 |
|
Total |
$ |
3,675 |
|
|
$ |
6,836 |
|
|
$ |
4,717 |
|
|
$ |
6,836 |
|
|
| 2024 Restructuring |
|
| Restructuring Cost and Reserve [Line Items] |
|
| Summary of Restructuring Charges by Reportable Segment |
The following table summarizes restructuring costs associated with the 2024 restructuring program by reportable segment (in thousands):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended |
|
|
Six Months Ended |
|
|
July 3, |
|
|
June 27, |
|
|
July 3, |
|
|
June 27, |
|
|
2026 |
|
|
2025 |
|
|
2026 |
|
|
2025 |
|
Automation Enabling Technologies |
$ |
36 |
|
|
$ |
445 |
|
|
$ |
13 |
|
|
$ |
931 |
|
Medical Solutions |
|
961 |
|
|
|
2,930 |
|
|
|
1,467 |
|
|
|
3,012 |
|
Unallocated |
|
— |
|
|
|
10 |
|
|
|
— |
|
|
|
32 |
|
Total |
$ |
997 |
|
|
$ |
3,385 |
|
|
$ |
1,480 |
|
|
$ |
3,975 |
|
|