v3.26.1
Basis of Presentation and Significant Accounting Policies (Tables)
6 Months Ended
Jul. 03, 2026
Accounting Policies [Abstract]  
Schedule of Restructuring, Impairment and Related Charges Restructuring, impairment and related charges were as follows (in thousands):

 

 

 

Three Months Ended

 

 

Six Months Ended

 

 

 

July 3, 2026

 

 

June 27, 2025

 

 

July 3, 2026

 

 

June 27, 2025

 

Severance and reduction in workforce(1)

 

$

 

 

$

3,645

 

 

$

1,614

 

 

$

12,453

 

Consulting expenses

 

 

 

 

 

227

 

 

 

1,067

 

 

 

866

 

Impairment on leasehold improvements and machinery and equipment(2)

 

 

 

 

 

700

 

 

 

 

 

 

7,759

 

Impairment on real property right-of-use assets(3)

 

 

 

 

 

676

 

 

 

 

 

 

4,083

 

Impairment on internally developed software(2)

 

 

 

 

 

 

 

 

 

 

 

2,751

 

 

 

$

 

 

$

5,248

 

 

$

2,681

 

 

$

27,912

 

 

(1)
See also Note 7 – Other Current Liabilities
(2)
The Company will no longer be using these assets, see Note 5 – Property, Plant and Equipment.
(3)
The Company is actively pursuing subleasing opportunities, see Note 8 – Operating Leases.