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Restructuring, Asset Impairments and Other, Net | 6 Months Ended
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Jul. 03, 2020
Restructuring Charges [Abstract] |
Restructuring, Asset Impairments and Other, Net | Note 5: Restructuring, Asset Impairments and Other, Net Details of restructuring, asset impairments and other charges, net are as follows (in millions):
|  | Restructuring |  | Asset Impairments (1) |  | Other |  | Total |  |  |  |  |
Quarter ended July 3, 2020 |  |  |  |  |  |  |  |  |  |  |  |  |
2020 Involuntary separation program |  | $ | 11.8 |  |  | $ | — |  |  | $ | — |  |  | $ | 11.8 |  |  |  |  |  |
Other |  | — |  |  | 5.8 |  |  | (1.4) |  |  | 4.4 |  |  |  |  |  |
Total |  | $ | 11.8 |  |  | $ | 5.8 |  |  | $ | (1.4) |  |  | $ | 16.2 |  |  |  |  |  |
|  | Restructuring |  | Asset Impairments (1) |  | Other |  | Total |  |  |  |  |
Six months ended July 3, 2020 |  |  |  |  |  |  |  |  |  |  |  |  |
Voluntary separation program |  | $ | 27.5 |  |  | $ | — |  |  | $ | — |  |  | $ | 27.5 |  |  |  |  |  |
2020 Involuntary separation program |  | 11.8 |  |  | — |  |  | — |  |  | 11.8 |  |  |  |  |  |
Other general workforce reduction |  | 3.8 |  |  | — |  |  | — |  |  | 3.8 |  |  |  |  |  |
Other |  | — |  |  | 7.2 |  |  | (1.3) |  |  | 5.9 |  |  |  |  |  |
Total |  | $ | 43.1 |  |  | $ | 7.2 |  |  | $ | (1.3) |  |  | $ | 49.0 |  |  |  |  |  |
(1) Impairment of certain property, plant and equipment and lease right-of-use assets. Summary of changes in accrued restructuring from December 31, 2019 to July 3, 2020 is as follows (in millions):
|  | As of |  |  |  |  |  |  |  | As of
|  | December 31, 2019 |  | Charges |  | Usage |  |  |  | July 3, 2020
Employee separation charges |  | $ | 0.1 |  |  | $ | 43.1 |  |  | $ | (29.2) |  |  |  |  | $ | 14.0 |
Other |  | 0.1 |  |  | — |  |  | (0.1) |  |  |  |  | — |
Total |  | $ | 0.2 |  |  | $ | 43.1 |  |  | $ | (29.3) |  |  |  |  | $ | 14.0 |
Voluntary Separation Program During the first quarter of 2020, the Company offered a voluntary separation program (the "VSP") to employees that met certain criteria. Participation was subject to management review and approval. The purpose of the VSP was to allow employees to voluntarily separate employment during a specific time and with enhanced separation compensation and benefits, thereby enabling the Company to optimize its cost structure and progress towards its target financial model. Management approved 243 employees for participation in the VSP during the quarter ended April 3, 2020, after which the VSP was terminated. During the quarter ended April 3, 2020, the aggregate expense for the VSP amounted to $27.5 million for the 243 employees, all of whom had exited the Company as of July 3, 2020. During the quarter ended July 3, 2020, the Company paid $20.4 million of the aggregate expense and had $7.1 million accrued as of July 3, 2020, which is expected to be paid during the third quarter of 2020. 2020 Involuntary Separation Program During the second quarter of 2020, the Company implemented an involuntary separation program (the “ISP”) . Under the ISP, the Company notified approximately 191 employees of their employment termination with aggregate severance costs and other benefits amounting to $11.8 million, of which $6.8 million remained accrued as of July 3, 2020. This amount is expected to be paid during the third and fourth quarters of 2020 depending on the exit date of the notified employees. The Company currently does not anticipate additional employee terminations under the ISP. Other General Workforce Reduction In addition to the VSP and the ISP, the Company took other general workforce reduction measures (including the post-Quantenna acquisition restructuring) during the first quarter of 2020. In connection with such measures, the Company notified approximately 98 employees of their employment termination, all of whom exited by April 3, 2020. During the quarter ended April 3, 2020, the aggregate expense for these other general workforce reduction measures amounted to $3.8 million and were paid out within the quarter. There was no activity under this program during the second quarter of 2020. The Company continues to evaluate employee positions and locations for potential efficiencies under this program and may incur additional charges in the future.

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- Definition The entire disclosure for restructuring and related activities. Description of restructuring activities such as exit and disposal activities, include facts and circumstances leading to the plan, the expected plan completion date, the major types of costs associated with the plan activities, total expected costs, the accrual balance at the end of the period, and the periods over which the remaining accrual will be settled. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 420 -URI http://asc.fasb.org/topic&trid=2175745 + Details
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- References No definition available. + Details
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