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Restructuring | 6 Months Ended
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Jun. 27, 2020
Restructuring And Related Activities [Abstract] |
Restructuring | 17.Restructuring As previously disclosed, in the second quarter of fiscal 2020, in connection with its cost-savings initiative, the Company committed to a plan of reduction in force which has resulted and will result in the elimination of certain positions and termination of employment for certain employees worldwide. During the second quarter of fiscal 2020, the Company reduced its total headcount by approximately 27%. As of June 27, 2020, the Company had approximately 13 employees, a majority of whom were part-time employees. The Company had previously estimated this plan would cost $12,000. This estimate has been revised to $14,000. The Company recorded expenses in connection with employee termination benefit costs of $11,209 ($8,325 after tax) during the six months ended June 27, 2020. These expenses impacted cost of revenues by $6,503 and selling, general and administrative expenses by $4,706 in the six months ended June 27, 2020. All expenses were recorded to general corporate expenses and, therefore, there was no impact to the segments. For the six months ended June 27, 2020, the Company made payments of $3,667 towards the liability for these expenses. The Company expects the remaining liability of $7,542 to be paid in full no later than the end of fiscal 2021. The Company anticipates recording additional expenses in connection with this restructuring of approximately $2,800. As previously disclosed, in the first quarter of fiscal 2019, the Company undertook an organizational realignment which resulted in the elimination of certain positions and termination of employment for certain employees worldwide. The Company recorded expenses in connection with employee termination benefit costs of $6,331 ($4,727 after tax) during the six months ended June 29, 2019. These expenses impacted cost of revenues by $1,425 and selling, general and administrative expenses by $4,906 in the six months ended June 29, 2019. The Company did not record additional expenses in connection with this organizational realignment. All expenses were recorded to general corporate expenses and, therefore, there was no impact to the segments. For the fiscal year ended December 28, 2019, the Company made payments of $5,077 towards the liability for these expenses and lowered provision estimates by $83. For the six months ended June 27, 2020, the Company made payments of $1,049 towards the liability for these expenses and lowered provision estimates by $76. The Company expects the remaining liability of $46 to be paid in full in fiscal 2020.

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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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