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...As a result of our strategic decision to discontinue this production, we incurred a cumulative charge of $ 1.3 million in restructuring expense and restructuring related charges from this start of the restructuring activity during the third quarter of fiscal 2023 through January 28, 2024. The restructuring activity related to...

...Cumulative June 28, 2025 Cash restructuring costs: Contract termination costs (1) $ 15,732 Severance and employee-related benefits 14,685 Professional fees and other 5,761 Total cash restructuring costs 36,178 Non-cash restructuring costs: Asset impairments (2) 6,008 Total restructuring costs $ 42,186 ____________________ (1) Primarily comprised of...

...Cumulative June 28, 2025 Cash restructuring costs: Contract termination costs (1) $ 15,732 Severance and employee-related benefits 14,685 Professional fees and other 5,761 Total cash restructuring costs 36,178 Non-cash restructuring costs: Asset impairments (2) 6,008 Total restructuring costs $ 42,186 ____________________ (1) Primarily comprised of...

...2020 Restructuring Program In the first quarter of 2020, the Company approved restructuring actions designed to capture near-term cost reductions and to further simplify certain organizational structures in anticipation of the N&B Transaction (the "2020 Restructuring Program"). The Company recorded pre-tax restructuring charges of $ 180 million inception...

...2020 Restructuring Program In the first quarter of 2020, the Company approved restructuring actions designed to capture near-term cost reductions and to further simplify certain organizational structures in anticipation of the N&B Transaction (the "2020 Restructuring Program"). The Company recorded pre-tax restructuring charges of $ 180 million inception...

...Restructuring and Transaction Related Expenses Restructuring and transaction related expenses decreased by $66 million, primarily due to a $48 million decrease in restructuring expenses related to our 2024 Global Restructuring plan and a $16 million decrease in restructuring expenses related to our Acquisition Integration plans. Provision for Income Taxes Our...

...Beginning Accrued Restructuring Balance 1/1/23 Pre-tax Restructuring Costs Utilization and Foreign Exchange Ending Accrued Restructuring Balance 3/31/2023 2023 Restructuring Actions Severance $ - $ - $ - $ - Asset write-downs - - - - Facility closure and other costs - - - - Total 2023 Restructuring Actions $ - $ - $ - $ - 2022 and Prior Restructuring Actions Severance $ 7.5 $ ( 0.3 ) $ ( 1.2...

...Restructuring On February 15, 2024, the Company announced a strategic restructuring that reduced headcount by approximately 25 % and discontinued the Company's AUR300 development program (the “February Restructuring”). On November 7, 2024, the Company announced another strategic restructuring that further reduced headcount by approximately 45 % to sharpen the Company's...

...We began executing the 2025 Restructuring Plan in March 2025 and expect the 2025 Restructuring Plan to be completed in the second half of 2025, subject to local law and consultation requirements. ​ In February 2024, the Company announced a restructuring plan (the “2024 Restructuring Plan”). The 2024 Restructuring Plan included...

...2020 Restructuring Program In the first quarter of 2020, the Company approved restructuring actions designed to capture near-term cost reductions and to further simplify certain organizational structures in anticipation of the N&B Transaction (the "2020 Restructuring Program"). The Company recorded pre-tax restructuring charges of $ 181 million inception...

...2020 Restructuring Program In the first quarter of 2020, the Company approved restructuring actions designed to capture near-term cost reductions and to further simplify certain organizational structures in anticipation of the N&B Transaction (the "2020 Restructuring Program"). The Company recorded pre-tax restructuring charges of $ 181 million inception...

...In addition to restructuring costs, the Company also 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 as restructuring...

...Restructuring Expenses The Company records restructuring expenses when management commits to a restructuring plan, the restructuring plan identifies all significant actions, the period of time to complete the restructuring plan indicates that significant changes to the plan are not likely, and employees who are impacted have been notified. Segment Information...

...Recent Developments April 2023 Restructuring and May 2024 Restructuring In April 2023, we initiated a restructuring program that included the strategic shutdown of our Broadband business segment (including our cable TV, wireless, sensing and chips product lines) and the discontinuance of our defense optoelectronics product line (the “April 2023 Restructuring...

...Our revenues and cash flow are more volatile and limited following the 2019 Restructuring, the 2022 Restructuring and the 2024 Restructuring. As a result of the 2024 Restructuring, the Company no longer consolidates the operations of Oaktree Capital I, but rather accounts for the Company’s approximately 72% interest in...

...Our revenues and cash flow are more volatile and limited following the 2019 Restructuring, the 2022 Restructuring and the 2024 Restructuring. As a result of the 2024 Restructuring, the Company no longer consolidates the operations of Oaktree Capital I, but rather accounts for the Company’s approximately 72% interest in...

...Restructuring In February 2022, we announced and began implementing a restructuring plan to realign the Company’s operational focus to support its multi-year growth, scale the business, and improve costs (the “Restructuring Plan”). The Restructuring Plan originally included: (i) reducing the Company’s headcount; (ii) closing several assembly and...

...Restructuring In February 2022, the Company announced and began implementing a restructuring plan to realign the Company’s operational focus to support its multi-year growth, scale the business, and improve costs (the “Restructuring Plan”). The Restructuring Plan originally included: (i) reducing the Company’s headcount; (ii) closing several assembly...

...IMPAIRMENT, RESTRUCTURING AND OTHER Activity described herein is classified within the “Cost of sales-impairment, restructuring and other,” “Impairment, restructuring and other” and “Income (loss) from discontinued operations, net of tax” lines in the Condensed Consolidated Statements of Operations. The following table details impairment, restructuring and other charges (recoveries) for...

...These (credits) charges are reflected in Restructuring and related charges (credits) in our Unaudited Condensed Consolidated Statements of Net Income. See Note 9, “Restructuring and Related Charges (Credits)” for more details on these credits and charges. For the impact of our restructuring program on diluted earnings per share, see the...