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RESTRUCTURING | 9 Months Ended
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Oct. 02, 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. All of the $1.0 million of restructuring charges recognized during the nine months ended September 2021 were reflected within "selling, general and administrative expenses," and primarily related to previously approved initiatives. Of the $2.3 million and $13.9 million of restructuring charges recognized during the three and nine months ended September 2020, respectively, $1.9 million and $13.0 million were reflected within "selling, general and administrative expenses" and $0.4 million and $0.9 million were reflected within "cost of goods sold," respectively. Of the $1.7 million total restructuring accrual reported in the Company's balance sheet at September 2021, $1.6 million is expected to be paid out within the next 12 fiscal months and is classified within "accrued liabilities." The remaining $0.1 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," and the remaining $0.2 million was classified within "other liabilities." The following table presents the components of restructuring charges:
| Three Months Ended |  | Nine Months Ended
(In thousands) |  |  |  |  |  |  |  |  |  |  |
| September 2021 |  |  | September 2020 |  |  | September 2021 |  |  | September 2020
Severance and employee-related benefits |  | $ | — |  |  |  | $ | 2,314 |  |  |  | $ | 992 |  |  |  | $ | 12,324 |
Asset impairments |  | — |  |  |  | — |  |  |  | — |  |  |  | 1,579 |
Total restructuring charges |  | $ | — |  |  |  | $ | 2,314 |  |  |  | $ | 992 |  |  |  | $ | 13,903 |
The following table presents the restructuring costs by business segment:
| Three Months Ended |  | Nine Months Ended
(In thousands) |  |  |  |  |  |  |  |  |  |  |
| September 2021 |  |  | September 2020 |  |  | September 2021 |  |  | September 2020
Wrangler |  | $ | — |  |  |  | $ | — |  |  |  | $ | 306 |  |  |  | $ | 3,656 |
Lee |  | — |  |  |  | — |  |  |  | 331 |  |  |  | 3,131 |
Corporate and other |  | — |  |  |  | 2,314 |  |  |  | 355 |  |  |  | 7,116 |
Total |  | $ | — |  |  |  | $ | 2,314 |  |  |  | $ | 992 |  |  |  | $ | 13,903 |
The following table presents activity in the restructuring accrual for the nine-month period ended September 2021:
(In thousands) | Total |  |  |  |  |  |
Accrual at December 2020 | $ | 6,741 |  |  |  |  |  |  |
Charges | 992 |  |  |  |  |  |  |
Cash payments | (6,024) |  |  |  |  |  |  |
Adjustments to accruals | (26) |  |  |  |  |  |  |
Accrual at September 2021 | $ | 1,683 |  |  |  |  |  |  |

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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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