Quarterly report pursuant to Section 13 or 15(d)

RESTRUCTURING

v3.23.1
RESTRUCTURING
 3 Months Ended
Apr. 01, 2023
Restructuring and Related Activities [Abstract]  
RESTRUCTURING RESTRUCTURING
The Company generally incurs restructuring charges related to cost optimization of business activities, primarily related to severance and employee-related benefits. No restructuring charges were recognized during the three months ended March 2023 and March 2022.
All of the $4.5 million restructuring accrual reported in the Company's balance sheet at March 2023 is expected to be paid out within the next 12 months and was classified within "accrued liabilities." All of the $10.7 million restructuring accrual reported in the Company's balance sheet at December 2022 was classified within "accrued liabilities."
The following table presents activity in the restructuring accrual for the three-month period ended March 2023:
(In thousands) Total
Accrual at December 2022 $ 10,695 
Cash payments (6,227)
Adjustments to accruals (79)
Currency translation 160 
Balance, March 2023 $ 4,549