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 results in 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, $48.2 million and $41.9 million were recorded during fiscal year 2016, fiscal year 2017 and the Year To Date period, respectively. The Company estimates total fiscal year 2018 NWF restructuring charges of approximately $50 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 29, 2018
	Liabilities								Liabilities
	June 30, 2018		Charges		Cash Payments		Non-cash Items		September 29, 2018
Store closures	$	5,415	$	665	$	810	$	7	$	5,263
Professional services	1,518		4,133		3,650		—		2,001
Severance and employee-related benefits	2,836		1,277		1,271		—		2,842
Total	$	9,769	$	6,075	$	5,731	$	7	$	10,106



	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 39 Weeks Ended September 29, 2018
	Liabilities								Liabilities
	December 30, 2017		Charges		Cash Payments		Non-cash Items		September 29, 2018
Store closures	$	2,973	$	15,655	$	11,413	$	1,952	$	5,263
Professional services	185		9,410		7,594		—		2,001
Severance and employee-related benefits	1,317		16,877		9,894		5,458		2,842
Total	$	4,475	$	41,942	$	28,901	$	7,410	$	10,106



	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

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



	For the 13 Weeks Ended September 29, 2018		For the 13 Weeks Ended September 30, 2017		For the 39 Weeks Ended September 29, 2018		For the 39 Weeks Ended September 30, 2017
Americas	$	444	$	2,771	$	16,981	$	10,567
Europe	1,761		1,445		7,479		9,127
Asia	382		1,144		1,714		9,283
Corporate	3,488		409		15,768		12,841
Consolidated	$	6,075	$	5,769	$	41,942	$	41,818