Restructuring, Impairment and Other Charges

3 Months Ended

Mar. 28, 2020

Restructuring and Related Activities [Abstract]

Restructuring, Impairment and Other Charges

The Company recorded restructuring, impairment and other charges for the three months ended March 28, 2020 and March 30, 2019 as follows:



	Three months ended March 28, 2020
(in thousands)	Electronics		Automotive		Industrial		Total
Employee terminations	$	881	$	399	$	321	$	1,601
Other restructuring charges	1		120		3		124
Total restructuring charges	882		519		324		1,725
Impairment	—		—		2,237		2,237
Total	$	882	$	519	$	2,561	$	3,962



	Three months ended March 30, 2019
(in thousands)	Electronics		Automotive		Industrial		Total
Employee terminations	$	1,800	$	605	$	47	$	2,452
Other restructuring charges	13		20		250		283
Total restructuring charges	1,813		625		297		2,735
Impairment	—		—		—		—
Total	$	1,813	$	625	$	297	$	2,735

2020

For the three months ended March 28, 2020, the Company recorded total restructuring charges of $1.7 million, for employee termination costs and other restructuring charges. These charges primarily related to the reorganization of certain manufacturing, selling and administrative functions across all segments and the announced consolidation of a manufacturing facility within the Industrial segment. The Company also recognized $2.2 million of impairment charges related to the land and building associated

with the Company’s announcement to consolidate a manufacturing facility within the Industrial segment. The impairment charges were included in selling, general and administrative expenses.

2019

For three months ended March 30, 2019, the Company recorded total restructuring charges of $2.7 million, of which $2.5 million, was for employee termination costs and $0.3 million for other restructuring charges. These charges primarily related to reorganization of operations and selling, general and administrative functions as well as integration of IXYS within the Electronics segment and the reorganization of operations in the commercial vehicle products and automotive sensors businesses within the Automotive segment.

The restructuring reserves as of March 28, 2020 and December 28, 2019 are $3.3 million and $2.7 million, respectively. The restructuring reserves are included within accrued liabilities in the Condensed Consolidated Balance Sheets. The Company anticipates the remaining payments associated with employee terminations will primarily be completed by March 2021.