XML 22 R11.htm IDEA: XBRL DOCUMENT v3.20.2

Severance

9 Months Ended

Jun. 26, 2020

Restructuring and Related Activities [Abstract]

Severance

SEVERANCE: In June 2020, the Company made changes to its organization as a result of COVID-19 to align its cost base to best support its clients' needs as the Company navigates the current environment and focuses on its long-term strategy. These actions included headcount reductions, which resulted in severance charges of approximately $124.9 million during the three and nine months ended June 26, 2020, which are recorded in both “Costs of services provided and “Selling and general corporate expenses” in the Condensed Consolidated Statements of (Loss) Income. These charges are expected to be paid out within two years.

The following table summarizes the severance charge by segment recognized in the Condensed Consolidated Statements of (Loss) Income for both the three and nine months ended June 26, 2020 (in millions):

FSS United States			$	48.2
FSS International			74.7
Uniform			0.3
Corporate			1.7
			$	124.9

During fiscal 2018, the Company commenced a new phase of strategic reinvestment and reorganization actions to streamline and improve efficiencies and effectiveness of its selling, general and administrative functions which resulted in a net severance charge of approximately $19.8 million for the nine months ended June 28, 2019. The Company completed this cost savings phase as of September 27, 2019. As of June 26, 2020 and September 27, 2019, the Company had an accrual of approximately $4.3 million and $11.9 million, respectively, related to unpaid severance obligations under the fiscal 2018 actions. These obligations are expected to be paid through early fiscal 2021.

X

- References

No definition available.

+ Details

Name:	us-gaap_RestructuringAndRelatedActivitiesAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- 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

Name:	us-gaap_RestructuringAndRelatedActivitiesDisclosureTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration