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Restructuring Activities | 9 Months Ended
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Sep. 25, 2022
Restructuring and Related Activities [Abstract] |
Restructuring Activities | Restructuring Activities The Company's restructuring activities are included in Restructuring expense (benefit) on the Consolidated statements of operations. In 2020, the Company initiated restructuring activities including a workforce reduction, the termination of certain current and future products, facility changes, optimizing its global dealer network, exiting certain international markets, and discontinuing its sales and manufacturing operations in India. The workforce reduction resulted in the termination of approximately 500 employees. In addition, the India action resulted in the termination of approximately 70 employees. These restructuring activities are essentially complete, and the Company does not expect restructuring expenses of any significance in 2022. Since the inception of the restructuring activities in 2020 through the nine months ended September 25, 2022, the Company has incurred cumulative restructuring expenses of $133.0 million, including $121.5 million and $11.5 million in the Motorcycles and Financial Services segments, respectively. This includes restructuring expense (benefit) for the three and nine month periods ended September 25, 2022 and September 26, 2021 by segment as follows (in thousands):
| Three months ended |  | Nine months ended
| September 25, 2022 |  | September 26, 2021 |  | September 25, 2022 |  | September 26, 2021
Motorcycles and Related Products | $ | 3 |  |  | $ | 517 |  |  | $ | (389) |  |  | $ | 731 |
Financial Services | — |  |  | 98 |  |  | — |  |  | 436 |
| $ | 3 |  |  | $ | 615 |  |  | $ | (389) |  |  | $ | 1,167 |
Changes in accrued restructuring expenses, which are included in Accrued liabilities on the Consolidated balance sheets, were as follows (in thousands):
| Three months ended September 25, 2022 |  |
| Employee Termination Benefits |  | Contract Terminations & Other |  | Non-Current Asset Adjustments |  | Total |  |  |  |  |  |  |  |
Balance, beginning of period | $ | 79 |  |  | $ | 744 |  |  | $ | — |  |  | $ | 823 |  |  |  |  |  |  |  |  |
Restructuring expense | — |  |  | 3 |  |  | — |  |  | 3 |  |  |  |  |  |  |  |  |
Utilized – cash | (19) |  |  | (221) |  |  | — |  |  | (240) |  |  |  |  |  |  |  |  |
Utilized – non cash | — |  |  | — |  |  | — |  |  | — |  |  |  |  |  |  |  |  |
Foreign currency changes | (4) |  |  | (5) |  |  | — |  |  | (9) |  |  |  |  |  |  |  |  |
Balance, end of period | $ | 56 |  |  | $ | 521 |  |  | $ | — |  |  | $ | 577 |  |  |  |  |  |  |  |  |
| Three months ended September 26, 2021 |  |  |  |  |  |  |  |
| Employee Termination Benefits |  | Contract Terminations & Other |  | Non-Current Asset Adjustments |  | Total |  |  |  |  |  |  |  |
Balance, beginning of period | $ | 1,246 |  |  | $ | 2,084 |  |  | $ | — |  |  | $ | 3,330 |  |  |  |  |  |  |  |  |
Restructuring (benefit) expense | (165) |  |  | 807 |  |  | (27) |  |  | 615 |  |  |  |  |  |  |  |  |
Utilized – cash | (397) |  |  | (1,197) |  |  | — |  |  | (1,594) |  |  |  |  |  |  |  |  |
Utilized – non cash | — |  |  | — |  |  | 27 |  |  | 27 |  |  |  |  |  |  |  |  |
Foreign currency changes | (7) |  |  | (21) |  |  | — |  |  | (28) |  |  |  |  |  |  |  |  |
Balance, end of period | $ | 677 |  |  | $ | 1,673 |  |  | $ | — |  |  | $ | 2,350 |  |  |  |  |  |  |  |  |
| Nine months ended September 25, 2022 |  |  |  |  |  |  |  |
| Employee Termination Benefits |  | Contract Terminations & Other |  | Non-Current Asset Adjustments |  | Total |  |  |  |  |  |  |  |
Balance, beginning of period | $ | 121 |  |  | $ | 2,874 |  |  | $ | — |  |  | $ | 2,995 |  |  |  |  |  |  |  |  |
Restructuring benefit | — |  |  | (389) |  |  | — |  |  | (389) |  |  |  |  |  |  |  |  |
Utilized – cash | (55) |  |  | (1,949) |  |  | — |  |  | (2,004) |  |  |  |  |  |  |  |  |
Utilized – non cash | — |  |  | — |  |  | — |  |  | — |  |  |  |  |  |  |  |  |
Foreign currency changes | (10) |  |  | (15) |  |  | — |  |  | (25) |  |  |  |  |  |  |  |  |
Balance, end of period | $ | 56 |  |  | $ | 521 |  |  | $ | — |  |  | $ | 577 |  |  |  |  |  |  |  |  |
| Nine months ended September 26, 2021 |  |  |  |  |  |  |  |
| Employee Termination Benefits |  | Contract Terminations & Other |  | Non-Current Asset Adjustments |  | Total |  |  |  |  |  |  |  |
Balance, beginning of period | $ | 7,724 |  |  | $ | 16,196 |  |  | $ | — |  |  | $ | 23,920 |  |  |  |  |  |  |  |  |
Restructuring (benefit) expense | (1,131) |  |  | 2,576 |  |  | (278) |  |  | 1,167 |  |  |  |  |  |  |  |  |
Utilized – cash | (5,743) |  |  | (16,987) |  |  | — |  |  | (22,730) |  |  |  |  |  |  |  |  |
Utilized – non cash | — |  |  | — |  |  | 278 |  |  | 278 |  |  |  |  |  |  |  |  |
Foreign currency changes | (173) |  |  | (112) |  |  | — |  |  | (285) |  |  |  |  |  |  |  |  |
Balance, end of period | $ | 677 |  |  | $ | 1,673 |  |  | $ | — |  |  | $ | 2,350 |  |  |  |  |  |  |  |  |

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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 https://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 https://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 https://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 https://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 https://asc.fasb.org/extlink&oid=6394359&loc=d3e17939-110869 + Details
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