RESTRUCTURING

The Company implemented a multi-year restructuring program that began in fiscal year 2016 called New World Fossil ("NWF"). As part of NWF, the Company targets to improve operating profit and support sales growth through a leaner infrastructure and an enhanced business model. The Company is working to achieve greater efficiencies from production to distribution through activities such as organizational changes, reducing its overall product assortment, optimizing its base cost structure and consolidating facilities. The Company also intends to build a quicker and more responsive operating platform. The Company is reducing its retail footprint to reflect the evolving shopping habits of today's consumer, which includes restructuring costs, such as store impairment, recorded lease obligations and termination fees and accelerated depreciation. Of the total estimated $150 million restructuring charges, approximately $27.8 million and $41.8 million were recorded during fiscal year 2016 and the Year To Date period, respectively. The Company estimates total fiscal year 2017 NWF restructuring charges of approximately $45 million.

The following table shows a rollforward of the accrued liability related to the Company’s restructuring plan (in thousands):



	For the 13 Weeks Ended September 30, 2017
	Liabilities								Liabilities
	July 1, 2017		Charges		Cash Payments		Non-cash Items		September 30, 2017
Store closures	$	4,893	$	2,482	$	4,237	$	2,320	$	818
Professional services and other	116		765		48		291		542
Severance and employee-related benefits	1,535		2,522		2,467		—		1,590
Total	$	6,544	$	5,769	$	6,752	$	2,611	$	2,950



	For the 13 Weeks Ended October 1, 2016
	Liabilities								Liabilities
	July 2, 2016		Charges		Cash Payments		Non-cash Items		October 1, 2016
Store closures	$	—	$	12,523	$	—	$	12,523	$	—
Professional services and other	—		1,950		1,300		—		650
Severance and employee-related benefits	—		—		—		—		—
Total	$	—	$	14,473	$	1,300	$	12,523	$	650



	For the 39 Weeks Ended September 30, 2017
	Liabilities								Liabilities
	December 31, 2016		Charges		Cash Payments		Non-cash Items		September 30, 2017
Store closures	$	4,546	$	8,223	$	6,415	$	5,536	$	818
Professional services and other	794		2,195		2,156		291		542
Severance and employee-related benefits	—		31,400		28,606		1,204		1,590
Total	$	5,340	$	41,818	$	37,177	$	7,031	$	2,950



	For the 39 Weeks Ended October 1, 2016
	Liabilities								Liabilities
	January 2, 2016		Charges		Cash Payments		Non-cash Items		October 1, 2016
Store closures	$	—	$	12,523	$	—	$	12,523	$	—
Professional services and other	—		1,950		1,300		—		650
Severance and employee-related benefits	—		—		—		—		—
Total	$	—	$	14,473	$	1,300	$	12,523	$	650

Restructuring charges by operating segment were as follows (in thousands):



	For the 13 Weeks Ended September 30, 2017		For the 13 Weeks Ended October 1, 2016
Americas	$	2,771	$	10,548
Europe	1,445		1,639
Asia	1,144		336
Corporate	409		1,950
Consolidated	$	5,769	$	14,473



	For the 39 Weeks Ended September 30, 2017		For the 39 Weeks Ended October 1, 2016
Americas	$	10,567	$	10,548
Europe	9,127		1,639
Asia	9,283		336
Corporate	12,841		1,950
Consolidated	$	41,818	$	14,473