XML 49 R38.htm IDEA: XBRL DOCUMENT v3.23.2

RESTRUCTURING (Tables)

6 Months Ended

Jul. 01, 2023

Restructuring and Related Activities [Abstract]

Schedule of Restructuring Charges by Operating Segment

The following table shows a summary of TAG Plan charges (in thousands):

			For the 13 Weeks Ended July 1, 2023												For the 26 Weeks Ended July 1, 2023
Cost of sales			$	2,911											$	8,174
Selling, general and administrative expenses			4,632												11,729
Consolidated			$	7,543											$	19,903

TAG Plan restructuring charges by operating segment were as follows (in thousands):

			For the 13 Weeks Ended July 1, 2023						For the 26 Weeks Ended July 1, 2023
Americas			$	1,535					$	4,493
Europe			3,386						7,342
Asia			1,686						5,953
Corporate			936						2,115
Consolidated			$	7,543					$	19,903

NWF 2.0 restructuring charges by operating segment were as follows (in thousands):

									For the 13 Weeks Ended July 2, 2022												For the 26 Weeks Ended July 2, 2022
Americas									$	36											$	83
Europe									282												1,531
Asia									40												1,204
Corporate									2,529												2,620
Consolidated									$	2,887											$	5,438

Schedule of Liability Incurred On Restructuring Plan

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

			For the 13 Weeks Ended July 1, 2023
			Liabilities																								Liabilities
			April 1, 2023						Charges						Cash Payments												July 1, 2023
Professional services			$	20					$	967					$	89											$	898
Severance and employee-related benefits			4,500						3,666						3,353												4,813
Charges related to exits of certain product offerings			5,264						2,910						700												7,474
Total			$	9,784					$	7,543					$	4,142											$	13,185

			For the 26 Weeks Ended July 1, 2023
			Liabilities																								Liabilities
			December 31, 2022						Charges						Cash Payments						Non-cash Items						July 1, 2023
Professional services			$	—					$	1,002					$	104					$	—					$	898
Severance and employee-related benefits			—						10,727						5,914						—						4,813
Charges related to exits of certain product offerings			—						8,174						700						—						7,474
Total			$	—					$	19,903					$	6,718					$	—					$	13,185

The following table shows a rollforward of the accrued liability related to the Company’s NWF 2.0 restructuring plan (in thousands):

			For the 13 Weeks Ended July 1, 2023
			Liabilities																								Liabilities
			April 1, 2023												Cash Payments												July 1, 2023
Professional services			60												13												47
Severance and employee-related benefits			587												327												260
Total			$	647											$	340											$	307

			For the 13 Weeks Ended July 2, 2022
			Liabilities																								Liabilities
			April 2, 2022						Charges						Cash Payments						Non-cash Items						July 2, 2022
Store closures			$	264					$	—					$	264					$	—					$	—
Professional services			357						—						227						—						130
Severance and employee-related benefits			4,528						2,887						3,014						785						3,616
Total			$	5,149					$	2,887					$	3,505					$	785					$	3,746

			For the 26 Weeks Ended July 1, 2023
			Liabilities																								Liabilities
			December 31, 2022												Cash Payments												July 1, 2023
Professional services			74												27												47
Severance and employee-related benefits			2,821												2,561												260
Total			$	2,895											$	2,588											$	307

			For the 26 Weeks Ended July 2, 2022
			Liabilities																								Liabilities
			January 1, 2022						Charges						Cash Payments						Non-cash Items						July 2, 2022
Store closures			$	300					$	405					$	613					$	92					$	—
Professional services			643						135						648						—						130
Severance and employee-related benefits			4,388						4,898						4,885						785						3,616
Total			$	5,331					$	5,438					$	6,146					$	877					$	3,746

X

- References

No definition available.

+ Details

Name:	us-gaap_RestructuringAndRelatedActivitiesAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of costs incurred for restructuring including, but not limited to, exit and disposal activities, remediation, implementation, integration, asset impairment, and charges against earnings from the write-down of assets.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 420
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SAB TOPIC 5.P.3)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479823/420-10-S99-1

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 420
-SubTopic 10
-Section 50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482017/420-10-50-1

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 420
-SubTopic 10
-Section S99
-Paragraph 2
-Subparagraph (SAB TOPIC 5.P.4)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479823/420-10-S99-2

+ Details

Name:	us-gaap_ScheduleOfRestructuringAndRelatedCostsTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of an entity's restructuring reserve that occurred during the period associated with the exit from or disposal of business activities or restructurings for each major type of cost. This element may also include a description of any reversal and other adjustment made during the period to the amount of an accrued liability for restructuring activities. This element may be used to encapsulate the roll forward presentations of an entity's restructuring reserve by type of cost and in total, and explanation of changes that occurred in the period.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 420
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (b)(2)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482017/420-10-50-1

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 420
-SubTopic 10
-Section S99
-Paragraph 2
-Subparagraph (SAB Topic 5.P.4(b)(2))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479823/420-10-S99-2

+ Details

Name:	us-gaap_ScheduleOfRestructuringReserveByTypeOfCostTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration