Reorganization and Realignment Costs (Tables)

3 Months Ended

Mar. 31, 2024

Restructuring Cost and Reserve

Restructuring and Related Costs

The following is a summary of the initiatives included in “Reorganization and realignment costs:”

	Three Months Ended
	March 31, 2024		April 2, 2023
Organizational redesign	$	5,622	$	6,737
Other reorganization and realignment plans	51		71
Reorganization and realignment costs	$	5,673	$	6,808

Organizational Redesign

Restructuring Cost and Reserve

Restructuring and Related Costs

The following is a summary of the costs recorded as a result of the Organizational Redesign Plan:

	Three Months Ended
	March 31, 2024		April 2, 2023		Total Incurred Since Inception
Severance and related employee costs	$	5,362	$	5,539	$	11,605
Recruitment and relocation costs	82		78		636
Third-party and other costs	50		345		1,046
	5,494		5,962		13,287
Share-based compensation (a)	128		775		1,399
Total organizational redesign	$	5,622	$	6,737	$	14,686

_______________

(a)Primarily represents the accelerated recognition of share-based compensation resulting from the termination of employees under the Organizational Redesign Plan.

Schedule of Restructuring Reserve by Type of Cost

As of March 31, 2024, the accruals for the Organizational Redesign Plan are included in “Accrued expenses and other current liabilities” and “Other liabilities” and totaled $3,816 and $2,261, respectively. The tables below present a rollforward of our accruals for the Organizational Redesign Plan.

	Balance December 31, 2023		Charges		Payments		Balance March 31, 2024
Severance and related employee costs	$	1,692	$	5,362	$	(977)	$	6,077
Recruitment and relocation costs	—		82		(82)		—
Third-party and other costs	—		50		(50)		—
	$	1,692	$	5,494	$	(1,109)	$	6,077

	Balance January 1, 2023		Charges		Payments		Balance April 2, 2023
Severance and related employee costs	$	—	$	5,539	$	(741)	$	4,798
Recruitment and relocation costs	—		78		(78)		—
Third-party and other costs	—		345		(62)		283
	$	—	$	5,962	$	(881)	$	5,081