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Restructuring and Related Activities | 6 Months Ended
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Jul. 04, 2020
Restructuring and Related Activities [Abstract] |
Restructuring and Related Activities | Note 4 – Restructuring and Related Activities In the third fiscal quarter of 2019, the Company announced global cost reduction and management rejuvenation programs as part of its continuous efforts to improve efficiency and operating performance. The programs are primarily designed to reduce manufacturing fixed costs and selling, general, and administrative costs company-wide, and provide management rejuvenation. The Company has incurred charges totalling $24,882, primarily related to cash severance costs, to implement these programs. The Company expects these cost reductions to be fully achieved by December 2020. All participants in the program are now identified. The following table summarizes the activity to date related to this program:
Expense recorded in 2019 |  | $ | 24,139 |
Cash paid |  |  | (1,330 | )
Foreign currency translation |  |  | 35 |
Balance at December 31, 2019 |  | $ | 22,844 |
Expense recorded in 2020 |  |  | 743 |
Cash paid |  |  | (6,465 | )
Foreign currency translation |  |  | (21 | )
Balance at July 4, 2020 |  | $ | 17,101 |
The payment terms vary by country, but generally are paid in a lump sum at cessation of employment. The current portion of the liability is $13,401 and is included in other accrued expenses on the consolidated condensed balance sheet. The non-current portion of the liability is $3,700 and is included in other liabilities on the consolidated condensed balance sheet.

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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://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 420 -URI http://asc.fasb.org/topic&trid=2175745 + Details
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