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Restructuring | 9 Months Ended
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Oct. 02, 2021
Restructuring And Related Activities [Abstract] |
Restructuring | 16.Restructuring 2021 Plan As previously disclosed, in the first quarter of fiscal 2021, as the Company continued to evaluate its cost structure, anticipate consumer demand and focus on costs, the Company committed to a plan which has resulted and will result in the termination of operating leases and elimination of certain positions worldwide. As previously disclosed, t he Company estimates this plan will cost approximately $22,000 in fiscal 2021. During the three and nine months ended October 2, 2021, the Company recorded restructuring expenses totaling $9,324 ($6,975 after tax) and $20,898 ($15,634 after tax), respectively. For the three and nine months ended October 2, 2021, the components of the Company’s restructuring expenses were as follows:
| Three Months Ended |  |  | Nine Months Ended |
| October 2, 2021 |  |  | October 2, 2021 |
Lease termination and other related costs | $ | 2,980 |  |  | $ | 12,488 |
Employee termination benefit costs |  | 6,344 |  |  |  | 8,410 |
Total restructuring expenses | $ | 9,324 |  |  | $ | 20,898 |
For the three and nine months ended October 2, 2021, restructuring expenses were recorded in the Company’s consolidated statements of net income as follows:
| Three Months Ended |  |  | Nine Months Ended |
| October 2, 2021 |  |  | October 2, 2021 |
Cost of revenues | $ | 5,620 |  |  | $ | 16,401 |
Selling, general and administrative expenses |  | 3,704 |  |  |  | 4,497 |
Total restructuring expenses | $ | 9,324 |  |  | $ | 20,898 |
All expenses were recorded to general corporate expenses and, therefore, there was no impact to the segments. For the nine months ended October 2, 2021, the Company made payments of $6,623 towards the liability for the lease termination costs and decreased provision estimates by $3. For the nine months ended October 2, 2021, the Company made payments of $1,693 towards the liability for the employee termination benefit costs and decreased provision estimates by $25. The Company expects the remaining lease termination liability of $2,516 and the remaining employee termination benefit liability of $6,692 to be paid in full in fiscal 2023. 2020 Plan As previously disclosed, in the second quarter of fiscal 2020, in connection with its cost-savings initiative, and its continued response to the COVID-19 pandemic and the related shift in market conditions, the Company committed to a plan of reduction in force which has resulted in the elimination of certain positions and termination of employment for certain employees worldwide. To adjust to anticipated consumer demand, the Company evolved its workshop strategy and expanded its restructuring plan to include lease termination and other related costs. For the fiscal year ended January 2, 2021, the Company recorded restructuring expenses totaling $33,092 ($24,756 after tax). For the fiscal year ended January 2, 2021, the components of the Company’s restructuring expenses were as follows:
| Fiscal Year Ended |
| January 2, 2021 |
Lease termination and other related costs | $ | 7,989 |
Employee termination benefit costs |  | 25,103 |
Total restructuring expenses | $ | 33,092 |
For the fiscal year ended January 2, 2021, restructuring expenses were recorded in the Company’s consolidated statements of net income as follows:
| Fiscal Year Ended |
| January 2, 2021 |
Cost of revenues | $ | 23,300 |
Selling, general and administrative expenses |  | 9,792 |
Total restructuring expenses | $ | 33,092 |
All expenses were recorded to general corporate expenses and, therefore, there was no impact to the segments. For the fiscal year ended January 2, 2021, the Company made payments of $645 towards the liability for the lease termination costs. For the fiscal year ended January 2, 2021, the Company made payments of $15,434 towards the liability for the employee termination benefit costs and increased provision estimates by $180. For the nine months ended October 2, 2021, the Company made payments of $4,649 towards the liability for the lease termination costs and decreased provision estimates by $470. For the nine months ended October 2, 2021, the Company made payments of $6,343 towards the liability for the employee termination benefit costs and decreased provision estimates by $1,136. The Company expects the remaining lease termination liability of $202 and the remaining employee termination benefit liability of $2,370 to be paid in full in fiscal 2022.

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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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