v3.24.3
Restructuring (Tables)
9 Months Ended
Sep. 27, 2024
Restructuring and Related Activities [Abstract]  
Schedule of Restructuring Activities
The restructuring activities and balances as of and for the nine months ended September 30, 2024 were as follows (in thousands):
Nine Months Ended September 30, 2024
Accrued at December 31, 2023Initial Costs
Adj. to Costs(2)
Non-cash chargesCash Payments
Accrued at September 30, 2024(3)
Total Costs Incurred to DateTotal Expected Plan Costs
Severance and employee-related costs$— $15,656 $69 $— $(15,469)$256 $15,725 $15,725 
Contract termination and other exit costs(1)
— 5,119 (4)— (5,115)— 5,115 5,201 
Asset impairment — 12,318 248 (12,566)— — 12,566 12,566 
Total restructuring$— $33,093 $313 $(12,566)$(20,584)$256 $33,406 $33,492 
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(1) Contract termination costs consist of accruals for costs to be incurred without future economic benefit, and other exit costs expensed as incurred.
(2) Adjustments to costs consist of changes in estimates whereby increases and decreases in costs were recorded to operating expenses in the period of adjustments.
(3) As of September 30, 2024, all restructuring liabilities have been recorded in accrued compensation and benefits in the accompanying Condensed Consolidated Balance Sheets.