During fiscal year 2024, we initiated a multi-phase restructuring plan to improve our operational efficiencies to support our corporate strategy. We incur costs associated with restructuring initiatives intended to improve operating performance, profitability, and efficiency of business processes. Restructuring expenses include severance costs, relocation costs, recruiting fees affiliated with hiring new personnel, legal costs, gain/loss on disposal of assets on closed facilities, and contract cancellation costs.

We record restructuring charges when they are probable and estimable. Restructuring costs are accrued upon announcement of the facility closure or restructuring event, and the amounts can be reasonably estimated. Restructuring costs are included in cost of revenues and general and administrative expenses on the Unaudited Condensed Consolidated Statements of Operations and Comprehensive Income.


	Three Months Ended				Six Months Ended
(dollar amounts in millions)	July 4, 2026		June 28, 2025		July 4, 2026		June 28, 2025
Severance and termination benefits	$	1.6	$	0.8	$	4.2	$	1.1


Legal, consulting, and other costs	—		—		—		0.1
Total restructuring charges	$	1.6	$	0.8	$	4.2	$	1.2

The following tables summarize the changes in the accrued restructuring balance, which are included in accrued expenses and other current liabilities in the accompanying Unaudited Condensed Consolidated Balance Sheets.


(dollar amounts in millions)
Balance at January 3, 2026	$	0.3
Restructuring charges	4.2
Payments	(3.3)
Balance at July 4, 2026	$	1.2


(dollar amounts in millions)
Balance at December 28, 2024	$	0.3
Restructuring charges	1.2
Payments	(1.0)
Balance at June 28, 2025	$	0.5