Quarterly report pursuant to Section 13 or 15(d)

Restructuring (Tables)

v3.24.3
Restructuring (Tables)
9 Months Ended
Sep. 28, 2024
Restructuring and Related Activities [Abstract]  
Schedule of Restructuring Expenses
The Company’s restructuring expenses are comprised of the following:

(dollar amounts in millions)
Three Months Ended Nine Months Ended
September 28, 2024 September 30, 2023 September 28, 2024 September 30, 2023
Severance and termination benefits $ 0.4  $ 0.1  $ 1.0  $ 0.2 
Legal, consulting, and other costs —  0.1  0.1  0.8 
Total restructuring charges $ 0.4  $ 0.2  $ 1.1  $ 1.0 
Schedule of Restructuring Reserve
The following tables summarize the changes in the Company’s accrued restructuring balance, which are included in accrued expenses and other current liabilities in the accompanying Condensed Consolidated Balance Sheets.
(dollar amounts in millions)
Balance at December 31, 2022
$ — 
Restructuring charges 1.0 
Payments (1.0)
Balance at September 30, 2023
$ — 
Balance at December 30, 2023
$ — 
Restructuring charges 1.1 
Payments (0.6)
Balance at September 28, 2024
$ 0.5