Restructuring, Integration, and Other

3 Months Ended

Mar. 30, 2024

Restructuring, Integration, and Other

Restructuring, Integration, and Other

Note I – Restructuring, Integration, and Other

Restructuring initiatives and integration costs are due to the company's continued efforts to lower costs, drive operational efficiency, integrate acquired businesses, and the consolidation of certain operations, as necessary. The following table presents the components of the restructuring, integration, and other:

	Quarter Ended
	March 30,		April 1,
(thousands)	2024		2023
Restructuring and integration (credits) charges	$	(364)	$	1,141
Other charges		47,220		1,419
	$	46,856	$	2,560

Other Charges

Other charges include $42.8 million related to termination of personnel as a part of operating expense reduction initiatives not related to exit or disposal activities. As of March 30, 2024, the accrued liabilities related to the operating expense reduction initiatives totaled $32.1 million and substantially all accrued amounts are expected to be spent in cash within one year.