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...Inventory write offs due to restructuring are reported in Cost of products and all other restructuring charges are reported as Restructuring expenses in the Statements of Income. In the third quarter of 2022, the Company implemented a restructuring plan (the "2022/2023 restructuring plan") to optimize the overall cost structure...

...2024 Footprint Realignment plan 2023 Footprint Realignment plan Plan expense estimates: (Dollars in millions) Restructuring charges (1) $ 16 million to $ 20 million $ 4 million to $ 6 million Restructuring related charges (2) (3) $ 21 million to $ 26 million $ 7 million to $ 9 million Total restructuring and restructuring related charges $ 37 million...

...Three Months Ended Six Months Ended July 2, 2023 July 3, 2022 July 2, 2023 July 3, 2022 Restructuring and restructuring-related asset impairment charges $ 6,057 $ 6,857 $ 34,871 $ 12,610 Other asset impairments - 3,706 - 10,095 Restructuring and asset impairment charges $ 6,057 $ 10,563 $ 34...

...Restructuring 2023 Restructuring Plan In July 2023, the Company initiated the restructuring plan ("2023 Restructuring Plan," and together with the 2024 Restructuring Plan, "Restructuring Plans") as part of its efforts to reduce costs to better align the Company's operational needs with lower tower activity. The 2023 Restructuring Plan included...

...Restructuring 2023 Restructuring Plan In July 2023, the Company initiated the restructuring plan ("2023 Restructuring Plan," and together with the 2024 Restructuring Plan, "Restructuring Plans") as part of its efforts to reduce costs to better align the Company's operational needs with lower tower activity. The 2023 Restructuring Plan included...

...RESTRUCTURING ACTIVITIES Fiscal 2026 Oracle Restructuring Plan During the first half of fiscal 2026, our management approved, committed to and initiated plans to restructure and further improve efficiencies in our operations due to our acquisitions and certain other operational activities (2026 Restructuring Plan). The total estimated restructuring costs associated with...

...In addition to restructuring costs, the Company incurs incremental manufacturing inefficiency costs at the operating locations impacted by the restructuring actions during the related restructuring implementation period. Restructuring costs are recognized in the Company's condensed consolidated financial statements in accordance with GAAP. Generally, charges are recorded when restructuring actions...

...Inventory write offs due to restructuring are reported in Cost of products and all other restructuring charges are reported as Restructuring expenses in the Statements of Income. In the third quarter of 2022, the Company implemented a restructuring plan (the "2022/2023 restructuring plan") to optimize the overall cost structure...

...Inventory write offs due to restructuring are reported in Cost of products and all other restructuring charges are reported as Restructuring expenses in the Statements of Income. In the third quarter of 2022, the Company implemented a restructuring plan (the "2022/2023 restructuring plan") to optimize the overall cost structure...

...Restructuring and Asset-Related Charges We engage in restructuring activities focused on improving productivity and operating margins. Restructuring costs primarily relate to costs associated with workforce reductions, plant consolidations and closures, and changes to the management structure to align with our operations. Other restructuring associated costs primarily consist of equipment...

...As a result, the Company reclassified $ 19.3 million ( $ 14.5 million after tax) from other restructuring to the Combined Program in the first quarter of 2023. ​ During the first quarter of 2023 the Company recorded total restructuring charges of $ 13.4 million ( $ 10.2 million after tax) primarily related...

...As a result, the Company reclassified $ 19.3 million ( $ 14.5 million after tax) from other restructuring to the Combined Program in the first quarter of 2023. ​ During the first quarter of 2023 the Company recorded total restructuring charges of $ 13.4 million ( $ 10.2 million after tax) primarily related...

...Since the restructuring activities were announced in May 2020, the Company has incurred aggregate restructuring and restructuring-related costs of $ 9.9 million. Overall, the Company expects to incur a total of approximately $ 10.1 million in restructuring and restructuring-related costs, which are to be paid through the third...

...Restructuring and Restructuring-related Net Charges (Credits) On February 22, 2023, our Board of Directors approved, and we committed to, a new global restructuring program (the 2023 Restructuring Plan). The 2023 Restructuring Plan is helping to advance our Global Supply Chain Optimization strategy, which is intended to simplify our manufacturing...

...Restructuring, Acquisition, and Related Costs The following table summarizes restructuring, acquisition, and related costs in the accompanying consolidated statements of operations (in thousands): Three Months Ended Nine Months Ended September 26, September 27, September 26, September 27, 2025 2024 2025 2024 2025 restructuring $ 4,261 $ - $ 11,097 $ - 2024 restructuring 942...

...Restructuring, Acquisition, and Related Costs The following table summarizes restructuring, acquisition, and related costs in the accompanying consolidated statements of operations (in thousands): Three Months Ended Nine Months Ended September 26, September 27, September 26, September 27, 2025 2024 2025 2024 2025 restructuring $ 4,261 $ - $ 11,097 $ - 2024 restructuring 942...

...25 INDEX Note 9 - Restructuring and Related Charges Global Restructuring Program In May 2022, the Company initiated a global program (Global Restructuring Program) to restructure and align our cost base with current and anticipated future market conditions, which was previously referred to as the Fiscal Year 2023 Restructuring Program. This...

...25 INDEX Note 9 - Restructuring and Related Charges Global Restructuring Program In May 2022, the Company initiated a global program (Global Restructuring Program) to restructure and align our cost base with current and anticipated future market conditions, which was previously referred to as the Fiscal Year 2023 Restructuring Program. This...

...Activity related to the Restructuring Plan for the nine months ended September 30, 2023 was as follows (amounts in thousands): 13 Restructuring Costs Amounts Paid in the Nine Months Ended September 30, 2023 Non-Cash Restructuring Items Restructuring Liability Severance & employee-related costs $ 2,830 $ ( 2,478 ) $ ( 214 ) $ 138 Inventory...

...In addition to restructuring costs, the Company incurs incremental manufacturing inefficiency costs at the operating locations impacted by the restructuring actions during the related restructuring implementation period. Restructuring costs are recognized in the Company's condensed consolidated financial statements in accordance with GAAP. Generally, charges are recorded when restructuring actions...