Quarterly report pursuant to Section 13 or 15(d)

Subsequent Events

v3.23.1
Subsequent Events
3 Months Ended
Apr. 01, 2023
Subsequent Events [Abstract]  
Subsequent Events Subsequent EventsShortly after the quarter ended the Test Systems segment implemented restructuring initiatives to align the workforce and management structure with near-term revenue expectations and operational needs. These initiatives are expected to provide savings of approximately $4 million to $5 million annually, beginning with the third quarter. The Company will incur $0.6 million in severance charges during the second quarter of 2023.