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Restructuring Activities | 9 Months Ended
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Oct. 04, 2025
Restructuring and Related Activities [Abstract] |
Restructuring Activities | 3. RESTRUCTURING ACTIVITIES During the first quarter of Fiscal 2025, we began a review of our cost-to-serve focused on improving efficiencies and identifying cost reduction opportunities. Based on this review, we announced a restructuring program during the third quarter of Fiscal 2025 and incurred costs for employee termination benefits related to a reduction-in-force ("RIF"). The company incurred consulting costs associated with implementing the restructuring program. We anticipate the restructuring program to be completed during the first quarter of Fiscal 2026. In April 2024, the company announced a cost savings program to improve operational performance, which included employee termination benefits associated with a RIF and other expense optimization initiatives. The company incurred final RIF charges and made the final payments in the first quarter of Fiscal 2025. The company also incurred consulting costs associated with implementing the restructuring program. The tables below present the components of costs associated with the restructuring programs detailed above (amounts in thousands):
|  | For the Twelve Weeks Ended |  |  | For the Forty Weeks Ended |
|  | October 4, 2025 |  |  | October 4, 2025 |
Restructuring charges: |  |  |  |  |  |
RIF (1) |  | $ | 5,510 |  |  | $ | 6,083 |
Restructuring-related implementation costs (2) |  |  | 3,534 |  |  |  | 10,718 |
Total restructuring charges and related implementation costs |  | $ | 9,044 |  |  | $ | 16,801 |
|  | For the Twelve Weeks Ended |  |  | For the Forty Weeks Ended |
|  | October 5, 2024 |  |  | October 5, 2024 |
Restructuring charges: |  |  |  |  |  |
RIF (1) |  | $ | — |  |  | $ | 7,403 |
Restructuring-related implementation costs (2) |  |  | — |  |  |  | 2,979 |
Total restructuring charges and related implementation costs |  | $ | — |  |  | $ | 10,382 |
(1) Presented on our Condensed Consolidated Statements of Income. (2) Costs are recorded in the selling, distribution and administrative expenses line item of our Condensed Consolidated Statements of Income. The table below presents the components of, and changes in, our restructuring accruals (amounts in thousands):
|  | RIF |  |  | Total |
Liability balance at December 28, 2024 |  | $ | 86 |  |  | $ | 86 |
Charges |  |  | 6,083 |  |  |  | 6,083 |
Cash payments |  |  | (5,165 | ) |  |  | (5,165 | )
Liability balance at October 4, 2025 |  | $ | 1,004 |  |  | $ | 1,004 |

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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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