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Restructuring Activities | 4 Months Ended
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Apr. 22, 2023
Restructuring and Related Activities [Abstract] |
Restructuring Activities | 3. RESTRUCTURING ACTIVITIES In February 2023, to improve operational effectiveness, increase profitable sales, and better meet customer requirements, the company announced a restructuring of plant operation responsibilities from the sales function to the supply chain function. Employee termination benefits and other cash charges were primarily for the voluntary employee separation incentive plan (the "VSIP") and employee relocation costs. During the sixteen weeks ended April 22, 2023, we recorded VSIP-related charges of $3.9 million of which $0.5 million were paid during the quarter. Relocation costs incurred during the current year quarter were $0.3 million and these and the VSIP costs are recorded in the restructuring charges line item of the Condensed Consolidated Statements of Income. The table below presents the components of costs associated with the restructuring (amounts in thousands):
|  | For the Sixteen Weeks Ended |
|  | April 22, 2023 |
Restructuring charges: |  |  |
VSIP |  | $ | 3,927 |
Relocation costs |  |  | 268 |
Total restructuring charges |  | $ | 4,195 |
The table below presents the components of, and changes in, our restructuring accruals (amounts in thousands):
|  | VSIP |  |  | Relocation Costs |  |  | Total |
Liability balance at December 31, 2022 |  | $ | — |  |  | $ | — |  |  | $ | — |
Charges |  |  | 3,927 |  |  |  | 268 |  |  |  | 4,195 |
Cash payments |  |  | (509 | ) |  |  | (268 | ) |  |  | (777 | )
Liability balance (1) at April 22, 2023 |  | $ | 3,418 |  |  | $ | — |  |  | $ | 3,418 |
(1) Recorded in the other accrued liabilities line item of our Condensed Consolidated Balance Sheets.

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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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