Restructuring Charges

12 Months Ended

Dec. 29, 2018

Restructuring and Related Activities [Abstract]

Restructuring Charges

15. Restructuring Charges

During the first quarter of fiscal 2018, Intevac substantially completed implementation of the 2018 cost reduction plan (the “2018 Plan”), which reduced expenses and reduced its workforce by 6 percent. The cost of implementing the 2018 Plan was reported under cost of net revenues and operating expenses in the consolidated statements of income. Substantially all cash outlays in connection with the 2018 Plan occurred in the first quarter of fiscal 2018. Implementation of the 2018 Plan reduced salary, wages and other employee-related expenses by approximately $1.8 million on an annual basis.

As of December 28, 2019, activities related to the 2018 Plan were complete.

The changes in restructuring reserves for severance and other employee-related costs associated with the cost reduction plan for fiscal 2018, are as follows.

	2018
	(in thousands)
Balance at the beginning of the year	$	—
Provision for restructuring charges		95
Cash payments made		(95	)
Balance at the end of the year	$	—