XML 39 R21.htm IDEA: XBRL DOCUMENT
v3.8.0.1

Restructuring Activities | 3 Months Ended
--- | ---
Mar. 31, 2018
Restructuring Activities [Abstract] |
Restructuring Activities | RESTRUCTURING ACTIVITIES 2017 Plan Beginning in the second quarter of fiscal 2017, the Company implemented certain organizational changes and initiated the sale of certain assets and a change to the distribution model for certain brands (the “2017 Plan”). The Company completed the 2017 Plan during the fourth quarter of fiscal 2017. The Company expects annual pretax benefits of approximately $11.0 million as a result of the 2017 Plan. Costs incurred related to the 2017 Plan have been recorded within the Corporate category. The cumulative costs incurred is $11.3 million, with $1.5 million recorded in the restructuring costs line item as a component of cost of goods sold, and $9.8 million recorded in the restructuring and other related costs line item as a component of operating expenses. The following is a summary of the activity during the quarter ended March 31, 2018, with respect to a reserve established by the Company in connection with the 2017 Plan, by category of costs.
(In millions) | Severance and employee related |  | Total
Balance at December 30, 2017 | $ | 3.3 |  |  | $ | 3.3 |
Amounts paid | (1.3 | ) |  | (1.3 | )
Balance at March 31, 2018 | $ | 2.0 |  |  | $ | 2.0 |
2016 Plan On October 6, 2016, the Board of Directors of the Company approved a realignment of the Company’s consumer-direct operations (the “2016 Plan”), which resulted in the closure of certain retail stores. The Company closed 266 retail stores in connection with the 2016 Plan, which was completed during the fourth quarter of fiscal 2017. The Company expects annual pretax benefits of approximately $20.0 million as a result of the 2016 Plan. Costs incurred related to the 2016 Plan have been recorded within the Corporate category. The cumulative costs incurred is $75.1 million, with $10.2 million recorded in the restructuring costs line item as a component of cost of goods sold, and $64.9 million recorded in the restructuring and other related costs line item as a component of operating expenses. The following is a summary of the activity during the quarters ended March 31, 2018 and April 1, 2017, with respect to a reserve established by the Company in connection with the 2016 Plan, by category of costs.
(In millions) | Severance and employee related |  | Impairment of property and equipment |  | Costs associated with exit or disposal activities |  | Total
Balance at December 31, 2016 | $ | 0.8 |  |  | $ | — |  |  | $ | 1.2 |  |  | $ | 2.0 |
Restructuring costs | 1.5 |  |  | 4.5 |  |  | 17.9 |  |  | 23.9 |
Amounts paid | (0.6 | ) |  | — |  |  | (9.3 | ) |  | (9.9 | )
Charges against assets | — |  |  | (4.5 | ) |  | (4.6 | ) |  | (9.1 | )
Balance at April 1, 2017 | $ | 1.7 |  |  | $ | — |  |  | $ | 5.2 |  |  | $ | 6.9 |
Balance at December 30, 2017 | $ | 0.3 |  |  | $ | — |  |  | $ | 1.4 |  |  | $ | 1.7 |
Amounts paid | (0.3 | ) |  | — |  |  | (1.0 | ) |  | (1.3 | )
Balance at March 31, 2018 | $ | — |  |  | $ | — |  |  | $ | 0.4 |  |  | $ | 0.4 |
2014 Plan On July 9, 2014, the Board of Directors of the Company approved a realignment of the Company’s consumer-direct operations (the “2014 Plan”). As a part of the 2014 Plan, the Company closed 136 retail stores, consolidated certain consumer-direct support functions and implemented certain other organizational changes. The Company completed the 2014 Plan during the first quarter of fiscal 2016. Costs incurred related to the 2014 Plan have been recorded within the Corporate category. The cumulative costs incurred is $48.8 million, with $6.5 million recorded in the restructuring costs line item as a component of cost of goods sold, and $42.3 million recorded in the restructuring and other related costs line item as a component of operating expenses. The following is a summary of the activity during the quarter ended April 1, 2017, with respect to a reserve established by the Company in connection with the 2014 Plan, by category of costs.
(In millions) | Costs associated with exit or disposal activities |  | Total
Balance at December 31, 2016 | $ | 1.7 |  |  | $ | 1.7 |
Amounts paid | (0.1 | ) |  | (0.1 | )
Balance at April 1, 2017 | $ | 1.6 |  |  | $ | 1.6 |
Other Restructuring Activities During the quarter ended April 1, 2017, the Company recorded restructuring costs of $0.7 million in connection with certain organizational changes. The costs associated with these restructuring activities were recorded within the Company’s Corporate category in the restructuring and other related costs line item as a component of operating expenses.

X
- 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/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 420 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SAB Topic 5.P.4) -URI http://asc.fasb.org/extlink&oid=27011515&loc=d3e140904-122747 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 420 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SAB Topic 5.P.3) -URI http://asc.fasb.org/extlink&oid=27011515&loc=d3e140864-122747 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 420 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6394359&loc=d3e17939-110869 + Details
Name: | us-gaap_RestructuringAndRelatedActivitiesDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Restructuring Activities [Abstract] + References No definition available. + Details
Name: | www_RestructuringActivitiesAbstract
Namespace Prefix: | www_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration