Company: JBI
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0001839839-25-000141
Chunk: 72

Company: Janus International Group, Inc.
Filing Date: 2025-08-07
Form: 10-Q
Item: Part I, Item 8
Chunk 72
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.6 $502.9 Segment information as of the periods presented are as follows:(dollar amounts in millions)June 28, 2025December 28, 2024Identifiable assetsJanus North America$1,223.3 $1,234.6 Janus International79.2 66.7 Consolidated identifiable assets$1,302.5 $1,301.3 Property, plant, and equipment, netJanus North America$56.7 $49.0 Janus International8.4 7.8 Consolidated property, plant, and equipment, net$65.1 $56.8 (dollar amounts in millions)June 28, 2025December 28, 2024Long-lived assets (1)United States$450.0 $459.9 Other31.8 30.1 Total long-lived assets $481.8 $490.0 

(1) Our long-lived assets consist primarily of intangible assets, net, right-of-use assets, net, and property, plant, and equipment, net. 

26

Janus International Group, Inc.Notes to Unaudited Condensed Consolidated Financial Statements

17. Restructuring

During fiscal year 2024, we initiated a multi-phase restructuring plan to improve our operational efficiencies to support our corporate strategy. We incur costs associated with restructuring initiatives intended to improve operating performance, profitability, and efficiency of business processes. Restructuring expenses include severance costs, relocation costs, recruiting fees affiliated with hiring new personnel, legal costs, gain/loss on disposal of assets on closed facilities, and contract cancellation costs.We record restructuring charges when they are probable and estimable. Restructuring costs are accrued upon announcement of the facility closure or restructuring event, and the amounts can be reasonably estimated. Restructuring costs are included in general and administrative expenses on the Unaudited Condensed Consolidated Statements of Operations and Comprehensive Income.Our restructuring expenses are comprised of the following for the periods presented:Three Months EndedSix Months Ended(dollar amounts in millions)June 28, 2025June 29, 2024June 28, 2025June 29, 2024Severance and termination benefits$0.8 $0.2 $1.1 $0.6 Legal, consulting, and other costs— 0.1 0.1 0.1