Company: JBI
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0001839839-25-000132
Chunk: 64

Company: Janus International Group, Inc.
Filing Date: 2025-05-08
Form: 10-Q
Item: Part I, Item 8
Chunk 64
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,199.6 $1,234.6 Janus International72.2 66.7 Consolidated Assets$1,271.8 $1,301.3 Property, plant, and equipment, netJanus North America$53.1 $49.0 Janus International8.0 7.8 Consolidated property, plant, and equipment, net$61.1 $56.8 (dollar amounts in millions)March 29, 2025December 28, 2024Long-lived assets(1)United States$455.7 $459.9 Other30.2 30.1 Total long-lived assets $485.9 $490.0 (1) The Company’s long-lived assets consist primarily of intangible assets, net, right-of-use assets, net, and property, plant, and equipment, net. 

25

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

(dollar amounts in millions)March 29, 2025March 30, 2024Revenues by countryUnited States$190.7 $240.5 Other21.5 14.7 Eliminations(1.7)(0.7)Total revenues$210.5 $254.5 

26

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

17. Restructuring

During fiscal year 2024, the Company initiated a new multi-phase restructuring plan to improve its operational efficiencies to further support its corporate strategy. The Company incurs costs associated with restructuring initiatives intended to improve operating performance, profitability, and efficiency of business processes. Restructuring expenses include severance costs, relocations costs, recruiting fees affiliated with hiring new personnel, legal costs, gain/loss on disposal of assets on closed facilities, and contract cancellation costs.The Company records restructuring charges when they are probable and estimable. Restructuring costs are accrued when the Company announces the closure or restructuring event, and the amounts can be reasonably estimated. Restructuring costs are included in general and administrative expenses on the Condensed Consolidated Statements of Operations and Comprehensive Income.The Company’s restructuring expenses are comprised of the following:Three Months Ended(dollar amounts in millions)March 29, 2025March 30, 2024Severance and termination benefits$0.3 $0.4 Legal, consulting