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Restructuring and Transformation Activities | 12 Months Ended
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Dec. 29, 2024
Restructuring and Related Activities [Abstract] |
Restructuring and Transformation Activities | 8. Restructuring and Transformation Activities 2024 Actions Restructuring and transformation charges for the year-ended 2024 were $6.1 million as a continuation of the actions that were announced in the second quarter of 2023 as part of the comprehensive transformation initiative. The transformation activities consisted of $3.0 million of severance charges and $3.1 million of costs to execute the transformation. The severance and transformation costs are recorded in SG&A expenses in the consolidated statements of earnings. Additionally, in 2024, the Company recognized an impairment charge of $13.5 million primarily for certain ROU assets related to our leased headquarters facility reflecting adjustments as to how we are utilizing the building as a part of our ongoing transformation efforts. The impairment charges related to the ROU assets are recorded in the asset impairment charge in the consolidated statements of earnings. The restructuring and transformation costs included in SG&A are detailed below for December year-to-date 2024 (in millions of dollars):
|  |  |  |  |  |  | Severance Costs |  | Transformation Costs |  | Total
Professional & Industrial |  |  |  |  |  |  | $ | 0.3 |  |  | $ | — |  |  | $ | 0.3 |
Science, Engineering & Technology |  |  |  |  |  |  | 0.3 |  |  | — |  |  | 0.3 |
Outsourcing & Consulting |  |  |  |  |  |  | 0.4 |  |  | — |  |  | 0.4 |
Corporate |  |  |  |  |  |  | 2.0 |  |  | 3.1 |  |  | 5.1 |
Total |  |  |  |  |  |  | $ | 3.0 |  |  | $ | 3.1 |  |  | $ | 6.1 |
2023 Actions In the first quarter of 2023, the Company undertook restructuring actions to further our cost management efforts in response to the demand levels and to reflect a repositioning of our P&I staffing business to better capitalize on opportunities in local markets. Restructuring costs incurred in the first quarter of 2023 related to these efforts totaled $5.7 million, which included $4.6 million of severance and $1.1 million of lease termination and other expenses and were recorded entirely in SG&A expenses in the consolidated statements of earnings. In the second quarter of 2023, the Company announced a comprehensive transformation initiative that included actions to further streamline the Company's operating model to enhance organizational efficiency and effectiveness. The total costs incurred related to these transformation activities in 2023 totaled $32.2 million. The transformation activities included $17.7 million of costs to execute the transformation initiatives through the use of an external consultant, severance of $11.6 million, a $2.4 million impairment charge for ROU assets related to an unoccupied office space lease and $0.5 million of lease termination costs. The impairment charge related to the ROU assets was recorded in the asset impairment charge in the consolidated statements of earnings. The costs to execute, the severance, and lease termination costs were recorded in SG&A expenses in the consolidated statements of earnings, as detailed further below. In connection with the sale of our EMEA staffing operations in the first quarter of 2024 (see Acquisitions and Dispositions footnote), there was an additional amount of severance costs for $3.1 million incurred in the fourth quarter of 2023 that was related to the sale and recorded in SG&A expenses in the consolidated statements of earnings and included in the table below. The restructuring and transformation costs incurred in 2023 and included in SG&A are detailed below (in millions of dollars):
| Severance Costs |  | Lease Termination Costs, Transformation and Other |  | Total
Professional & Industrial | $ | 6.0 |  |  | $ | 0.7 |  |  | $ | 6.7 |
Science, Engineering & Technology | 1.3 |  |  | 0.3 |  |  | 1.6 |
Education | 1.0 |  |  | — |  |  | 1.0 |
Outsourcing & Consulting | 3.0 |  |  | — |  |  | 3.0 |
International | 3.3 |  |  | — |  |  | 3.3 |
Corporate | 4.7 |  |  | 18.3 |  |  | 23.0 |
Total | $ | 19.3 |  |  | $ | 19.3 |  |  | $ | 38.6 |
2022 Actions In the first quarter of 2022, the Company took restructuring actions designed to increase efficiency. Restructuring costs incurred in 2022 totaled $1.7 million and were recorded entirely in SG&A expenses in the consolidated statements of earnings, as detailed below (in millions of dollars):
| Severance Costs |  | Lease Termination Costs |  | Total
Professional & Industrial | $ | 0.1 |  |  | $ | 0.2 |  |  | $ | 0.3 |
Education | 0.4 |  |  | — |  |  | 0.4 |
Outsourcing & Consulting | 0.2 |  |  | — |  |  | 0.2 |
Corporate | 0.8 |  |  | — |  |  | 0.8 |
Total | $ | 1.5 |  |  | $ | 0.2 |  |  | $ | 1.7 |
Accrual Summary A summary of our global restructuring balance sheet accrual, included in accrued payroll and related taxes and accounts payable and accrued liabilities in the consolidated balance sheet, is detailed below (in millions of dollars):
Balance as of year-end 2022 | $ | 0.3 |
Accruals | 40.6 |
Reductions for cash payments | (23.8) |
Accrual adjustments | (2.0) |
Balance as of year-end 2023 | 15.1 |
Accruals | 6.6 |
Reductions for cash payments | (19.4) |
Disposition of EMEA staffing operations | (1.5) |
Accrual adjustments | (0.5) |
Balance as of year-end 2024 | $ | 0.3 |
The remaining balance of $0.3 million as of year-end 2024 primarily represents severance costs and the majority is expected to be paid by first quarter-end 2025. No material adjustments are expected to be recorded.

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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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