In fiscal years 2025 and 2024, we announced restructuring plans that were both designed to reduce costs and expenses in response to macroeconomic conditions and current operating performance. These actions impacted all three of our business segments as well as Corporate. The restructuring programs reduce annual cost of sales and operating expenses.

In 2026, the Company continued to implement restructuring actions across all segments. In connection with these actions, we recorded restructuring expenses of $0.1 million and $2.7 million in the three and nine months ended October 2, 2026, respectively, compared to $0.2 million and $2.7 million in the three and nine months ended September 26, 2025, respectively. All of these charges were associated with workforce reduction, including severance and other personnel-related costs. As of the October 2, 2026, we have substantially completed the restructuring activities expected for the fiscal year 2026.

The activity in the accrued balances incurred in relation to restructuring during the nine months ended October 2, 2026 and September 26, 2025, were as follows:


	Reduction in Force
(Thousands)	Performance Materials		Electronic Materials		Precision Optics		Other		Consolidated
Balance at December 31, 2025	$	—	$	83	$	59	$	9	$	151
Additional Charges	694		449		878		690		2,711
Cash Payments	(694)		(521)		(937)		(667)		(2,819)
Balance at October 2, 2026	$	—	$	11	$	—	$	32	$	43


	Reduction in Force
(Thousands)	Performance Materials		Electronic Materials		Precision Optics		Other		Consolidated
Balance at December 31, 2024	$	56	$	293	$	60	$	408	$	817
Additional Charges	481		789		1,428		31		2,729
Cash Payments	(537)		(1,067)		(1,457)		(325)		(3,386)
Balance at September 26, 2025	$	—	$	15	$	31	$	114	$	160