Restructuring

9 Months Ended

Oct. 29, 2023

Restructuring and Related Activities [Abstract]

The Company has undertaken structural reorganization actions to reduce its workforce as a result of cost-saving measures and internal resource alignment including from the realization of synergies of the Sierra Wireless Acquisition. The Company also implemented a separate reduction in workforce plan that commenced during the second quarter of fiscal year 2024 and was substantially completed during the third quarter of fiscal year 2024. These reorganization actions resulted in total restructuring charges of $3.6 million and $15.5 million in the three and nine months ended October 29, 2023, respectively. The Company had restructuring charges of $2.4 million during each of the three and nine months ended October 30, 2022. Restructuring related liabilities are included in "Accrued liabilities" in the Balance Sheets.

Restructuring activity is summarized as follows:


(in thousands)	One-time employee termination benefits		Other restructuring		Total
Balance at January 29, 2023	$	4,027	$	12	$	4,039
Charges (1)	13,129		2,338		15,467
Cash payments	(11,311)		(2,003)		(13,314)
Balance at October 29, 2023	$	5,845	$	347	$	6,192

(1) Restructuring charges include $0.2 million and $6.0 million during the three and nine months ended October 29, 2023, respectively, related to the reduction in workforce plan that commenced during the second quarter of fiscal year 2024.

Restructuring charges were included in the Statements of Operations as follows:


	Three Months Ended				Nine Months Ended
(in thousands)	October 29, 2023		October 30, 2022		October 29, 2023		October 30, 2022
Cost of sales	$	—	$	128	$	859	$	128


Restructuring	3,646		2,244		14,608		2,244
Total restructuring charges (1)	$	3,646	$	2,372	$	15,467	$	2,372