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RESTRUCTURING (Tables)

6 Months Ended

Jun. 29, 2024

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 June 29, 2024						For the 13 Weeks Ended July 1, 2023						For the 26 Weeks Ended June 29, 2024						For the 26 Weeks Ended July 1, 2023
Cost of sales			$	—					$	2,911					$	(241)					$	8,174
Selling, general and administrative expenses			16,673						4,632						26,726						11,729
Consolidated			$	16,673					$	7,543					$	26,485					$	19,903

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

			For the 13 Weeks Ended June 29, 2024						For the 13 Weeks Ended July 1, 2023						For the 26 Weeks Ended June 29, 2024						For the 26 Weeks Ended July 1, 2023
Americas			$	262					$	1,535					$	626					$	4,493
Europe			1,869						3,386						5,426						7,342
Asia			93						1,686						1,056						5,953
Corporate			14,449						936						19,377						2,115
Consolidated			$	16,673					$	7,543					$	26,485					$	19,903

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 June 29, 2024
			Liabilities																								Liabilities
			March 30, 2024						Charges						Cash Payments						Non-cash Items						June 29, 2024
Stores and facilities closures			$	1					$	36					$	1					$	36					$	—
Professional services			211						11,568						460						—						11,319
Severance and employee-related benefits			8,479						5,069						4,834						365						8,349
Charges related to exits of certain product offerings			750						—						450						—						300
Total			$	9,441					$	16,673					$	5,745					$	401					$	19,968

			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 June 29, 2024
			Liabilities																								Liabilities
			December 30, 2023						Charges						Cash Payments						Non-cash Items						June 29, 2024
Stores and facilities closures			$	—					$	143					$	7					$	136					$	—
Professional services			117						14,052						2,850						—						11,319
Severance and employee-related benefits			8,117						12,531						11,934						365						8,349
Charges related to exits of certain product offerings			3,821						(241)						3,280						—						300
Total			$	12,055					$	26,485					$	18,071					$	501					$	19,968

			For the 26 Weeks Ended July 1, 2023
			Liabilities																								Liabilities
			December 31, 2022						Charges						Cash Payments												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 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

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- References

No definition available.

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- 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

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-Topic 420
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SAB Topic 5.P.3)
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- 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
-Topic 420
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 2
-Subparagraph (SAB Topic 5.P.4.b.2)
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-Name Accounting Standards Codification
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-Paragraph 1
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