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Restructuring, Impairment and Other Charges
6 Months Ended
Jul. 01, 2023
Restructuring and Related Activities [Abstract]  
Restructuring, Impairment and Other Charges Restructuring, Impairment, and Other Charges
The Company recorded restructuring, impairment, and other charges for the three and six months ended July 1, 2023 and July 2, 2022 as follows:
Three months ended July 1, 2023Six months ended July 1, 2023
(in thousands)ElectronicsTransportationIndustrialTotalElectronicsTransportationIndustrialTotal
Employee terminations$987 $351 $277 $1,615 $1,659 $933 $594 $3,186 
Other restructuring charges250 412 654 1,316 257 684 654 1,595 
Total restructuring charges1,237 763 931 2,931 1,916 1,617 1,248 4,781 
Impairment — 3,870 54 3,924 — 3,870 54 3,924 
   Total$1,237 $4,633 $985 $6,855 $1,916 $5,487 $1,302 $8,705 

 Three months ended July 2, 2022Six months ended July 2, 2022
(in thousands)ElectronicsTransportationIndustrialTotalElectronicsTransportationIndustrialTotal
Employee terminations$201 $423 $— $624 $406 $423 $— $829 
Other restructuring charges— 10 20 — 23 
   Total$204 $430 $— $634 $409 $443 $— $852 

2023
For the three and six months ended July 1, 2023, the Company recorded total restructuring charges of $2.9 million and $4.8 million, respectively, primarily for employee termination costs. These charges primarily related to the reorganization of certain selling and administrative functions within the Electronics segment due to the C&K acquisition and the reorganization of certain manufacturing, selling and administrative functions within the Transportation segment’s commercial vehicle business. In addition, during the second quarter of 2023, the Company recognized a $3.9 million impairment charge related to the land and building of a property in the commercial vehicle business within the Transportation segment that the Company made the decision to donate.

2022
For the three and six months ended July 2, 2022, the Company recorded total restructuring charges of $0.6 million and $0.9 million, respectively. primarily for employee termination costs. These charges are primarily related to the reorganization of certain manufacturing, selling, and administrative functions within the Electronics segment.

The restructuring liability as of July 1, 2023 and December 31, 2022 is $1.7 million and $2.4 million, respectively. The restructuring liability is included within accrued liabilities in the Condensed Consolidated Balance Sheets. The Company anticipates the remaining payments associated with employee terminations will primarily be completed in fiscal year 2023.