Restructuring expenses |
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| Restructuring expenses | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Restructuring expenses | 17. Restructuring expenses Fiscal 2026 During fiscal 2026, the Company incurred restructuring expenses primarily related to headcount reductions including restructuring actions taken to reduce costs in Farnell and Europe including the announced closure of a distribution center in Germany. The following table presents the activity incurred during fiscal 2026:
Severance expense recorded in fiscal 2026 related to the reduction, or planned reduction, of approximately 350 employees, primarily in business operations and support functions. Of the $87.7 million in restructuring expenses recorded in fiscal 2026, $83.1 million related to EC and $4.6 million related to Farnell. The Company expects most of the remaining severance amounts to be paid by the end of December 2026. Fiscal 2025 During fiscal 2025, the Company incurred restructuring expenses primarily for severance. Of these expenses, $19.4 million remained unpaid at the end of fiscal 2025, substantially all of which was paid during fiscal 2026. |
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