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Note 6 - Restructuring | 9 Months Ended
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Oct. 02, 2021
Notes to Financial Statements |
Restructuring and Related Activities Disclosure [Text Block] | Note 6 - Restructuring Under the Q1 2020 Plan, which is described in the 2020 10-K, we recorded no expense and approximately $0.6 million of expense during the third quarter of fiscal 2021 and 2020, respectively; and we recorded less than $0.1 million and approximately $2.0 million of expense in the first nine months of fiscal 2021 and 2020, respectively. Approximately $2.0 million of total expense has been incurred through October 2, 2021 under the Q1 2020 Plan. Substantially all actions planned under the Q1 2020 Plan have been implemented. Under the Q2 2019 Sales Plan, which is described in the 2020 10-K, we recorded no expense and less than $0.1 million of expense during the third quarter of fiscal 2021 and 2020, respectively; and we recorded no expense and less than $0.1 million of expense during the first nine months of fiscal 2021 and 2020, respectively. Approximately $2.1 million of total expense has been incurred through October 2, 2021 under the Q2 2019 Sales Plan. All actions planned under the Q2 2019 Sales Plan have been implemented. Under the June 2017 Plan, which is described in the 2020 10-K, we incurred restructuring expense related to our partially vacated facility in San Jose, California of approximately $0.1 million and approximately $2.0 million during the third quarter of fiscal 2021 and 2020, respectively; and approximately $0.5 million and approximately $2.1 million during the first nine months of fiscal 2021 and 2020, respectively. We have incurred approximately $21.5 million of total expense through October 2, 2021 under the June 2017 Plan, and all planned actions have been implemented. We expect the total cost of the June 2017 Plan to be approximately $21.5 million to $23.5 million as ROU asset amortization expenses related to our partially vacated facility in San Jose, California will be incurred over the remaining lease term. These expenses were recorded to Restructuring charges on our Consolidated Statements of Operations. The restructuring accrual balance is presented in Accrued expenses and in Other long-term liabilities on our Consolidated Balance Sheets. The following table displays the activity related to our restructuring plans:
(In thousands) |  | Severance & Related (1) |  |  | Lease Termination & Fixed Assets |  |  | Other (2) |  |  | Total |
Accrued Restructuring at January 2, 2021 |  | $ | 246 |  |  | $ | 8,233 |  |  | $ | 664 |  |  | $ | 9,143 |
Restructuring charges |  |  | 15 |  |  |  | 531 |  |  |  | — |  |  |  | 546 |
Costs paid or otherwise settled |  |  | (165 | ) |  |  | (1,346 | ) |  |  | (664 | ) |  |  | (2,175 | )
Accrued Restructuring at October 2, 2021 |  | $ | 96 |  |  | $ | 7,418 |  |  | $ | - |  |  | $ | 7,514 |
Accrued Restructuring at December 28, 2019 |  | $ | 160 |  |  | $ | 6,585 |  |  | $ | 865 |  |  | $ | 7,610 |
Restructuring charges |  |  | 1,733 |  |  |  | 2,132 |  |  |  | 313 |  |  |  | 4,178 |
Costs paid or otherwise settled |  |  | (1,254 | ) |  |  | (1,275 | ) |  |  | (526 | ) |  |  | (3,055 | )
Accrued Restructuring at September 26, 2020 |  | $ | 639 |  |  | $ | 7,442 |  |  | $ | 652 |  |  | $ | 8,733 |
(1) | Includes employee relocation and outplacement costs
(2) | Includes termination fees on the cancellation of certain contracts under the Q2 2019 Sales Plan

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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://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 420 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SAB Topic 5.P.4(e)) -URI http://asc.fasb.org/extlink&oid=115931487&loc=d3e140904-122747 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 420 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=6394359&loc=d3e17939-110869 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 420 -URI http://asc.fasb.org/topic&trid=2175745 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 420 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (e) -URI http://asc.fasb.org/extlink&oid=6394359&loc=d3e17939-110869 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 420 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (b)(2) -URI http://asc.fasb.org/extlink&oid=6394359&loc=d3e17939-110869 + Details
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