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RESTRUCTURING (Tables)

3 Months Ended

Apr. 05, 2025

Restructuring and Related Activities [Abstract]

Schedule of restructuring charges by operating segment

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

			For the 14 Weeks Ended April 5, 2025
Restructuring expenses			15,821
Consolidated			$	15,821

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

			For the 14 Weeks Ended April 5, 2025
Americas			$	598
Europe			2,011
Asia			443
Corporate			12,769
Consolidated			$	15,821

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

									For the 13 Weeks Ended March 30, 2024
Cost of sales									$	(241)
Restructuring expenses									10,053
Total									$	9,812

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

									For the 13 Weeks Ended March 30, 2024
Americas									$	261
Europe									3,483
Asia									1,140
Corporate									4,928
Consolidated									$	9,812

Schedule of rollforward of the liability incurred for restructuring plan

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

			For the 14 Weeks Ended April 5, 2025
			Liabilities																								Liabilities
			December 28, 2024						Charges						Cash Payments						Non-cash Items						April 5, 2025
Store closures			$	—					$	10					$	—					$	10					$	—
Professional services			—						6,485						1,145						—						5,340
Severance and employee-related benefits			—						9,326						1,934						49						7,343
Total			$	—					$	15,821					$	3,079					$	59					$	12,683

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

			For the 14 Weeks Ended April 5, 2025
			Liabilities																								Liabilities
			December 28, 2024												Cash Payments												April 5, 2025
Store closures			$	1											$	1											$	—
Professional services			9,501												6,529												2,972
Severance and employee-related benefits			7,341												6,712												629
Charges related to exits of certain product offerings			300												—												300
Total			$	17,143											$	13,242											$	3,901

			For the 13 Weeks Ended March 30, 2024
			Liabilities																								Liabilities
			December 30, 2023						Charges						Cash Payments						Non-cash Items						March 30, 2024
Store closures			$	—					$	108					$	6					$	101					$	1
Professional services			117						2,484						2,390						—						211
Severance and employee-related benefits			8,117						7,461						7,099						—						8,479
Charges related to exits of certain product offerings			3,821						(241)						2,830						—						750
Total			$	12,055					$	9,812					$	12,325					$	101					$	9,441

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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)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479823/420-10-S99-1

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-Topic 420
-SubTopic 10
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-Subparagraph (SAB Topic 5.P.4)
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-Topic 420
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-Section 50
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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)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479823/420-10-S99-2

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-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

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