XML 51 R39.htm IDEA: XBRL DOCUMENT v3.25.3

RESTRUCTURING (Tables)

9 Months Ended

Oct. 04, 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 October 4, 2025									For the 40 Weeks Ended October 4, 2025
Restructuring expenses			$	6,789								$	29,905
Consolidated			$	6,789								$	29,905

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

			For the 13 Weeks Ended October 4, 2025						For the 40 Weeks Ended October 4, 2025
Americas			$	58					$	1,049
Europe			1,601						5,246
Asia			356						1,442
Corporate			4,774						22,168
Consolidated			$	6,789					$	29,905

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

			For the 13 Weeks Ended September 28, 2024						For the 39 Weeks Ended September 28, 2024
Cost of sales			$	—					$	(241)
Restructuring expenses			4,849						31,575
Total			$	4,849					$	31,334

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

			For the 13 Weeks Ended September 28, 2024						For the 39 Weeks Ended September 28, 2024
Americas			$	652					$	1,174
Europe			179						5,531
Asia			597						1,830
Corporate			3,421						22,799
Consolidated			$	4,849					$	31,334

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 October 4, 2025
			Liabilities																								Liabilities
			July 5, 2025						Charges						Cash Payments						Non-cash Items						October 4, 2025
Store closures			$	—					$	13					$	—					$	13					$	—
Professional services			5,976						3,487						5,876						—						3,587
Severance and employee-related benefits			6,079						3,289						4,428						—						4,940
Total			$	12,055					$	6,789					$	10,304					$	13					$	8,527

			For the 40 Weeks Ended October 4, 2025
			Liabilities																								Liabilities
			December 28, 2024						Charges						Cash Payments						Non-cash Items						October 4, 2025
Store closures			$	—					$	23					$	—					$	23					$	—
Professional services			—						14,529						10,942						—						3,587
Severance and employee-related benefits			—						15,353						10,364						49						4,940
Total			$	—					$	29,905					$	21,306					$	72					$	8,527

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

			For the 13 Weeks Ended October 4, 2025
			Liabilities																								Liabilities
			July 5, 2025												Cash Payments												October 4, 2025
Charges related to exits of certain product offerings			$	125											$	125											$	—
Total			$	125											$	125											$	—

			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 40 Weeks Ended October 4, 2025
			Liabilities																								Liabilities
			December 28, 2024												Cash Payments												October 4, 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												300												—
Total			$	17,143											$	17,143											$	—

			For the 39 Weeks Ended September 28, 2024
			Liabilities																								Liabilities
			December 30, 2023						Charges						Cash Payments						Non-cash Items						September 28, 2024
Store 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

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
-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

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

Reference 3: 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

+ 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
-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

Reference 2: 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

+ Details

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