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RESTRUCTURING (Tables)

6 Months Ended

Jul. 05, 2025

Restructuring and Related Activities [Abstract]

Schedule of Restructuring Charges by Operating Segment

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

			For the 13 Weeks Ended July 5, 2025									For the 27 Weeks Ended July 5, 2025
Restructuring expenses			7,295									23,116
Consolidated			$	7,295								$	23,116

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

			For the 13 Weeks Ended July 5, 2025						For the 27 Weeks Ended July 5, 2025
Americas			$	394					$	992
Europe			1,634						3,645
Asia			643						1,085
Corporate			4,624						17,394
Consolidated			$	7,295					$	23,116

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

									For the 13 Weeks Ended June 29, 2024						For the 26 Weeks Ended June 29, 2024
Cost of sales									$	—					$	(241)
Restructuring expenses									16,673						26,726
Total									$	16,673					$	26,485

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

			For the 13 Weeks Ended June 29, 2024						For the 26 Weeks Ended June 29, 2024
Americas			$	262					$	626
Europe			1,869						5,426
Asia			93						1,056
Corporate			14,449						19,377
Consolidated			$	16,673					$	26,485

Schedule of Liability Incurred On Restructuring Plan

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

			For the 13 Weeks Ended July 5, 2025
			Liabilities																								Liabilities
			April 5, 2025						Charges						Cash Payments												July 5, 2025
Professional services			5,340						4,556						3,920												5,976
Severance and employee-related benefits			7,343						2,739						4,003												6,079
Total			$	12,683					$	7,295					$	7,923											$	12,055

			For the 27 Weeks Ended July 5, 2025
			Liabilities																								Liabilities
			December 28, 2024						Charges						Cash Payments						Non-cash Items						July 5, 2025
Store closures			$	—					$	10					$	—					$	10					$	—
Professional services			—						11,042						5,066						—						5,976
Severance and employee-related benefits			—						12,064						5,936						49						6,079
Total			$	—					$	23,116					$	11,002					$	59					$	12,055

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 5, 2025
			Liabilities																								Liabilities
			April 5, 2025												Cash Payments												July 5, 2025
Store closures			$	—											$	—											$	—
Professional services			2,972												2,972												—
Severance and employee-related benefits			629												629												—
Charges related to exits of certain product offerings			300												175												125
Total			$	3,901											$	3,776											$	125

			For the 13 Weeks Ended June 29, 2024
			Liabilities																								Liabilities
			March 30, 2024						Charges						Cash Payments						Non-cash Items						June 29, 2024
Store 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 27 Weeks Ended July 5, 2025
			Liabilities																								Liabilities
			December 28, 2024												Cash Payments												July 5, 2025
Store closures			$	1											$	1											$	—
Professional services			9,501												9,501												$	—
Severance and employee-related benefits			7,341												7,341												—
Charges related to exits of certain product offerings			300												175												125
Total			$	17,143											$	17,018											$	125

			For the 26 Weeks Ended June 29, 2024
			Liabilities																								Liabilities
			December 30, 2023						Charges						Cash Payments						Non-cash Items						June 29, 2024
Store 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

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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)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479823/420-10-S99-2

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-Name Accounting Standards Codification
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-Paragraph 1
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