v3.26.1
Restructuring and Related Activities (Tables)
6 Months Ended
Jun. 27, 2026
Restructuring and Related Activities [Abstract]  
Restructuring and Related Costs
As a result of these assessments, the Company recognized pre-tax charges totaling $71.7 million during the three and six months ended June 27, 2026. These charges are as follows (in thousands):
Fiscal Three and Six Months Ended
June 27,
2026
June 28,
2025
Goodwill and intangible asset impairment$33,161 $— 
Other long-lived asset impairment and restructuring charges32,586 — 
Inventory impairment5,926 — 
Total impairment and restructuring charges$71,673 $— 
Schedule of Goodwill
The changes in the carrying amount of goodwill by reporting unit for the fiscal three and six months ended June 27, 2026 and June 28, 2025 are as follows (in thousands):

Fiscal Three and Six Months Ended
Fiscal Three and Six Months Ended
June 27, 2026June 28, 2025
Tractor SupplyPetsenseConsolidatedTractor SupplyPetsenseConsolidated
Net goodwill, beginning of year$324,563 $22,161 $346,724 $224,258 $22,161 $246,419 
Impairment expense— (22,161)(22,161)— — — 
Acquisition of Allivet— — — 100,882 — 100,882 
Acquisition of VIP Petcare100,856 — 100,856 — — — 
Net goodwill, end of period$425,419 $— $425,419 $325,140 $22,161 $347,301