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Restructuring Charges and Asset Impairments | 12 Months Ended
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Dec. 31, 2021
Restructuring And Related Activities [Abstract] |
Restructuring Charges and Asset Impairments | 6. Restructuring Charges and Asset Impairments During 2020, the Company recorded restructuring charges of $10.5 million, of which $5.7 million was primarily related to the reduction of staff in the U.S. and Europe due to the impact of the COVID-19 pandemic and $4.8 million of which primarily related to real estate leases. In consideration of the COVID-19 pandemic and the changing nature of the Company’s use of office space for its workforce, the Company evaluated its existing office space utilization and made a determination to completely or partially abandon certain leased office spaces. As a result, the Company recorded restructuring charges of $4.8 million, primarily relating to the impairment of certain lease right-of-use assets, property, equipment and leasehold improvements and other real estate related costs. See Note 7 for further discussion. During 2019, the Company recorded restructuring charges of $3.3 million, which was primarily related to the reduction of staff in Europe and Australia. In addition, as a result of the decline in the Europe market and management’s efforts to focus on resources within the markets that provide the Company with the strongest growth opportunity, in 2019 the Company made the determination that the remaining investment in its Hackett Institute Enterprise Analytics Program was impaired and recorded an asset impairment of $1.2 million. See Note 7 for further discussion. The Company did not record any restructuring charges or asset impairments in 2021. The following table summarizes the costs incurred in connection with the 2020 and 2019 restructuring charges and asset impairments (in thousands):
| Twelve Months Ended |  |  |  |
|  | January 1, |  |  |  | December 27, |  |  |  |
|  | 2021 |  |  |  | 2019 |  |  |  |
Employee related costs | $ |  | 5,710 |  |  | $ |  | 2,912 |  |  |  |
Lease right-of-use asset impairment charges |  |  | 3,545 |  |  |  |  | - |  |  |  |
Property, equipment and lease improvement impairment charges |  |  | 340 |  |  |  |  | 1,180 |  |  |  |
Other lease related restructuring costs |  |  | 893 |  |  |  |  | 422 |  |  |  |
Total | $ |  | 10,488 |  |  | $ |  | 4,514 |  |  |  |
The following table summarizes the Company’s restructuring activities recorded in accrued expenses and other liabilities (in thousands):
|  | Employee Related |  |  |  | Exit, Closure and Consolidation |  |  |  |  |  |
|  | Costs |  |  |  | of Facilities |  |  |  | Total |
Accrual balance at December 27, 2019 | $ |  | 1,247 |  |  | $ |  | 337 |  |  | $ |  | 1,584 |
Restructuring charge |  |  | 5,710 |  |  |  | 893 |  |  |  |  | 6,603 |
Cash paid |  |  | (5,874 | ) |  |  |  | (21 | ) |  |  |  | (5,895 | )
Accrual balance at January 1, 2021 | $ |  | 1,083 |  |  | $ |  | 1,209 |  |  | $ |  | 2,292 |
Cash paid |  |  | (1,013 | ) |  |  |  | (539 | ) |  |  |  | (1,552 | )
Accrual balance at December 31, 2021 | $ |  | 70 |  |  | $ |  | 670 |  |  | $ |  | 740 |

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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 http://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 http://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 http://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 http://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 http://asc.fasb.org/extlink&oid=6394359&loc=d3e17939-110869 + Details
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