Restructuring, Integration, and Other Charges (Credits)

9 Months Ended

Oct. 01, 2022

Restructuring Charges [Abstract]

Restructuring, Integration and Other Charges (Credits) [Text Block]

Restructuring, Integration, and Other Charges (Credits)

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

	Quarter Ended				Nine Months Ended
(thousands)	October 1, 2022		October 2, 2021		October 1, 2022		October 2, 2021
Restructuring and integration charges - current period actions	$	1,330	$	836	$	5,674	$	10,847
Restructuring and integration charges - actions taken in prior periods	870		144		1,776		1,638
Other charges (credits)	1,435		(4,010)		3,577		(846)
	$	3,635	$	(3,030)	$	11,027	$	11,639

Restructuring and Integration Accrual Summary

The restructuring and integration accrual was $8.4 million and $11.2 million at October 1, 2022 and December 31, 2021, respectively. During the third quarter and first nine months of 2022, the company made $3.9 million and $10.9 million of

payments related to restructuring and integration accruals, and recorded $2.2 million and $7.5 million in restructuring and integration charges, respectively. The remaining changes to the accrual related to changes in foreign exchange rates during the year. Substantially all amounts accrued at October 1, 2022, and all restructuring and integration charges for the first nine months of 2022, relate to the termination of personnel and are expected to be spent in cash within one year.

Other Charges (Credits)

Other charges (credits) for the first nine months of 2021 of $(0.8) million include $4.5 million in impairment related to various long lived assets.