Quarterly report pursuant to Section 13 or 15(d)


6 Months Ended
Jul. 01, 2023
Restructuring and Related Activities [Abstract]  
Restructuring Restructuring
During fiscal year 2022 and 2023, the Company initiated a restructuring plan to relocate one of its international facilities and align its ongoing corporate strategy. The Company incurs costs associated with restructuring initiatives intended to improve operating performance, profitability and efficiency of business processes. Restructuring charges can include severance costs, relocations costs, recruiting fees affiliated with hiring new personnel, legal costs, and contract cancellation costs.

The Company records restructuring charges when they are probable and estimable. Restructuring costs are accrued when the Company announces the closure or restructuring event, and the amounts can be reasonably estimated. Restructuring costs are included in general and administrative expenses on the Condensed Consolidated Statements of Operations and Comprehensive Income.

The Company’s restructuring expenses are comprised of the following:

(in thousands) Three Months Ended Six Months Ended
July 1, July 2, July 1, July 2,
2023 2022 2023 2022
Severance and termination benefits $ 51  $ 250  $ 145  $ 250 
Facility related charges 37  517  37  620 
Legal, consulting, and other
 professional fees
148  250  644  250 
Total Restructuring Charges $ 236  $ 1,017  $ 826  $ 1,120 

The following table summarizes 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.
Balance at December 31, 2022
$ — 
Restructuring charges 826 
Payments (826)
Balance at July 1, 2023
$ —