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RESTRUCTURING

3 Months Ended

Mar. 28, 2020

Restructuring and Related Activities [Abstract]

ORGANIZATIONAL RESTRUCTURING AND OFFICE CONSOLIDATION

ORGANIZATIONAL RESTRUCTURING AND OFFICE CONSOLIDATION

In the first quarter of fiscal 2020, the Company announced several organizational restructuring initiatives which included a reorganization of staffing models across multiple functions to drive labor savings and increase efficiencies as well as the consolidation of certain functions into our corporate headquarters in Atlanta, Georgia. In conjunction with these initiatives, the Company recorded the following charges in selling, general and administrative expenses:

(dollars in thousands)	March 28, 2020
Severance and other termination benefits	$	2,890
Relocation and Recruiting	482
Lease exit costs	431
Other closure costs	86
Total	$	3,889

As of March 28, 2020, there was approximately $2.8 million in reserves primarily related to severance and other termination benefits expected to be paid out by the end of the year included in other current liabilities in the accompanying unaudited consolidated balance sheet. In fiscal 2020, the Company expects to incur additional restructuring-related charges of approximately $8.0 million - $10.0 million primarily related to lease exit costs, accelerated depreciation, relocation and recruiting costs, and severance.

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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

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