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RESTRUCTURING (Tables)

9 Months Ended

Sep. 28, 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 September 28, 2024						For the 13 Weeks Ended September 30, 2023						For the 39 Weeks Ended September 28, 2024						For the 39 Weeks Ended September 30, 2023
Cost of sales			$	—					$	(1,347)					$	(241)					$	6,827
Selling, general and administrative expenses			4,849						16,003						31,575						27,732
Consolidated			$	4,849					$	14,656					$	31,334					$	34,559

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

			For the 13 Weeks Ended September 28, 2024						For the 13 Weeks Ended September 30, 2023						For the 39 Weeks Ended September 28, 2024						For the 39 Weeks Ended September 30, 2023
Americas			$	652					$	(488)					$	1,174					$	4,005
Europe			179						(368)						5,531						6,973
Asia			597						2,556						1,830						8,510
Corporate			3,421						12,956						22,799						15,071
Consolidated			$	4,849					$	14,656					$	31,334					$	34,559

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 September 28, 2024
			Liabilities																								Liabilities
			June 29, 2024						Charges						Cash Payments												September 28, 2024
Professional services			$	11,319					$	3,667					$	11,149											$	3,837
Severance and employee-related benefits			8,349						1,182						3,656												5,875
Charges related to exits of certain product offerings			300						—						—												300
Total			$	19,968					$	4,849					$	14,805											$	10,012

			For the 13 Weeks Ended September 30, 2023
			Liabilities																								Liabilities
			July 1, 2023						Charges						Cash Payments						Non-cash Items						September 30, 2023
Stores and facilities closures			$	—					$	4,730					$	—					$	4,730					$	—
Professional services			898						3,298						2,268						—						1,928
Severance and employee-related benefits			4,813						7,975						6,424						318						6,046
Charges related to exits of certain product offerings			7,474						(1,347)						—						—						6,127
Total			$	13,185					$	14,656					$	8,692					$	5,048					$	14,101

			For the 39 Weeks Ended September 28, 2024
			Liabilities																								Liabilities
			December 30, 2023						Charges						Cash Payments						Non-cash Items						September 28, 2024
Stores and facilities closures			$	—					$	143					$	7					$	136					$	—
Professional services			117						17,719						13,999						—						3,837
Severance and employee-related benefits			8,117						13,713						15,590						365						5,875
Charges related to exits of certain product offerings			3,821						(241)						3,280						—						300
Total			$	12,055					$	31,334					$	32,876					$	501					$	10,012

			For the 39 Weeks Ended September 30, 2023
			Liabilities																								Liabilities
			December 31, 2022						Charges						Cash Payments						Non-cash Items						September 30, 2023
Stores and facilities closures			$	—					$	4,730					$	—					$	4,730					$	—
Professional services			—						4,300						2,372						—						1,928
Severance and employee-related benefits			—						18,702						12,338						318						6,046
Charges related to exits of certain product offerings			—						6,827						700						—						6,127
Total			$	—					$	34,559					$	15,410					5,048						$	14,101

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 September 30, 2023
			Liabilities																								Liabilities
			July 1, 2023												Cash Payments												September 30, 2023
Professional services			$	47											$	47											$	—
Severance and employee-related benefits			260												124												136
Total			$	307											$	171											$	136

			For the 39 Weeks Ended September 30, 2023
			Liabilities																								Liabilities
			December 31, 2022												Cash Payments												September 30, 2023
Professional services			$	74											$	74											$	—
Severance and employee-related benefits			2,821												2,685												136
Total			$	2,895											$	2,759											$	136

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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
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