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RESTRUCTURING | 3 Months Ended
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Mar. 29, 2025
Restructuring and Related Activities [Abstract] |
RESTRUCTURING | RESTRUCTURING Restructuring charges relate to costs associated with exit or disposal activities. During the three months ended March 2025 and March 2024, the Company incurred the following charges related to business optimization and actions to streamline and transfer select production within our internal manufacturing network:
|  | Three Months Ended March |  |  |
(In thousands) |  |  |  |  |  |  |  |  |  |  |
| 2025 |  |  | 2024 |  |  |  |  |  |
Severance and employee-related benefits |  | $ | 2,479 |  |  |  | $ | 1,981 |  |  |  |  |  |  |
Asset impairments |  | — |  |  |  | 168 |  |  |  |  |  |  |
Inventory write-downs |  | — |  |  |  | 1,683 |  |  |  |  |  |  |
Other |  | 843 |  |  |  | 779 |  |  |  |  |  |  |
Total restructuring charges |  | $ | 3,322 |  |  |  | $ | 4,611 |  |  |  |  |  |  |
The following table presents the classification of these restructuring costs in the Company's statements of operations:
|  | Three Months Ended March
(In thousands) |  | 2025 |  |  | 2024
Cost of goods sold |  | $ | 1,077 |  |  |  | $ | 3,039 |
Selling, general, and administrative expenses |  | 2,245 |  |  |  | 1,572 |
Total |  | $ | 3,322 |  |  |  | $ | 4,611 |
The following table presents these restructuring costs by business segment:
|  | Three Months Ended March |  |  |
(In thousands) |  |  |  |  |  |  |  |  |  |  |
| 2025 |  |  | 2024 |  |  |  |  |  |
Wrangler |  | $ | 938 |  |  |  | $ | 3,249 |  |  |  |  |  |  |
Lee |  | — |  |  |  | 40 |  |  |  |  |  |  |
Corporate and other |  | 2,384 |  |  |  | 1,322 |  |  |  |  |  |  |
Total |  | $ | 3,322 |  |  |  | $ | 4,611 |  |  |  |  |  |  |
The following table presents activity in the restructuring accrual for the three-month period ended March 2025:
(In thousands) |  |  |  |  |  |  |
Accrual at December 2024 | $ | 1,895 |  |  |  |  |  |  |
Charges | 2,926 |  |  |  |  |  |  |
Cash payments | (1,820) |  |  |  |  |  |  |
Balance, March 2025 | $ | 3,001 |  |  |  |  |  |  |
All of the $3.0 million restructuring accrual reported in the Company's balance sheet at March 2025 is expected to be paid out within the next 12 months and was classified within "accrued and other current liabilities." Of the $1.9 million restructuring accrual reported in the Company's balance sheet at December 2024, $1.8 million was classified within "accrued and other current liabilities," and the remaining $0.1 million was classified within "other liabilities."

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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 -Topic 420 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Subparagraph (SAB Topic 5.P.4.e) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479823/420-10-S99-2 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 420 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (b)(2) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482017/420-10-50-1 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 420 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482017/420-10-50-1 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 420 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/420/tableOfContent Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 420 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (e) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482017/420-10-50-1 + Details
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