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Restructuring (Notes) | 6 Months Ended
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Jun. 27, 2020
Restructuring and Related Activities [Abstract] |
Restructuring and Related Activities Disclosure | Restructuring During fiscal 2019, the company undertook cost reduction initiatives related to the Commercial Foodservice Equipment Group including headcount reductions and facility consolidations. These actions resulted in an additional charge of $0.5 million in the three months ended March 28, 2020. During the three months ended June 27, 2020, there were no additional expenses incurred with respect to such cost reduction initiatives taken during fiscal 2019. These expenses are reflected in restructuring expenses in the Condensed Consolidated Statements of Comprehensive Income. At June 27, 2020, the restructuring obligations for these initiatives were substantially completed with no future expenses expected. During the three months ended June 27, 2020, due to the COVID-19 pandemic, the company began cost reduction initiatives primarily related to headcount reductions within the Commercial Foodservice Equipment Group. These actions resulted in an additional charge of $1.6 million in the three months ended June 27, 2020. These expenses are reflected in restructuring expenses in the Condensed Consolidated Statements of Comprehensive Income. The company estimates that these restructuring initiatives, will result in future cost savings of less than $5.0 million annually. At June 27, 2020, the restructuring obligations accrued for these initiatives are immaterial. The restructuring expenses for the other segments of the company were not material during the period.

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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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