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RESTRUCTURING | 3 Months Ended
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Apr. 03, 2021
Restructuring and Related Activities [Abstract] |
RESTRUCTURING | RESTRUCTURING The Company generally incurs restructuring charges related to cost optimization of business activities, primarily related to severance and employee-related benefits. Of the $0.7 million of restructuring charges recognized during the three months ended March 2021, all were reflected within "selling, general and administrative expenses," and primarily related to previously approved initiatives. Of the $5.8 million of restructuring charges recognized during the three months ended March 2020, $5.3 million were reflected within "selling, general and administrative expenses" and $0.5 million were reflected within "cost of goods sold." Of the $4.3 million total restructuring accrual reported in the Company's balance sheet at March 2021, $4.1 million is expected to be paid out within the next 12 fiscal months and is classified within "accrued liabilities." The remaining $0.2 million is classified within "other liabilities." Of the $6.7 million total restructuring accrual reported in the Company's balance sheet at December 2020, $6.5 million was expected to be paid out within the next 12 fiscal months and was classified within "accrued liabilities." The remaining $0.2 million was classified within "other liabilities." The following table presents the components of restructuring charges:
|  | Three Months Ended |  |  |
(In thousands) |  |  |  |  |  |  |  |  |  |  |
| March 2021 |  |  | March 2020 |  |  |  |  |  |
Severance and employee-related benefits |  | $ | 719 |  |  |  | $ | 5,795 |  |  |  |  |  |  |
Total restructuring charges |  | $ | 719 |  |  |  | $ | 5,795 |  |  |  |  |  |  |
The following table presents the restructuring costs by business segment:
|  | Three Months Ended |  |  |
(In thousands) |  |  |  |  |  |  |  |  |  |  |
| March 2021 |  |  | March 2020 |  |  |  |  |  |
Wrangler |  | $ | 183 |  |  |  | $ | 3,178 |  |  |  |  |  |  |
Lee |  | 183 |  |  |  | 2,617 |  |  |  |  |  |  |
Corporate and other |  | 353 |  |  |  | — |  |  |  |  |  |  |
Total |  | $ | 719 |  |  |  | $ | 5,795 |  |  |  |  |  |  |
The following table presents activity in the restructuring accrual for the three-month period ended March 2021:
(In thousands) | Total |  |  |  |  |  |
Accrual at December 2020 | $ | 6,741 |  |  |  |  |  |  |
Charges | 719 |  |  |  |  |  |  |
Cash payments | (3,215) |  |  |  |  |  |  |
Adjustments to accruals | 57 |  |  |  |  |  |  |
Accrual at March 2021 | $ | 4,302 |  |  |  |  |  |  |

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- References No definition available. + Details
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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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