XML 62 R55.htm IDEA: XBRL DOCUMENT v3.24.2.u1
Restructuring Activities - Summary of Accrued Restructuring (Detail) - USD ($)
$ in Thousands
 3 Months Ended
Jul. 28, 2024
Jul. 30, 2023
Restructuring Cost and Reserve [Line Items]    
Expenses incurred [1],[2] $ 2,631 $ 338
Shanghai, China [Member]    
Restructuring Cost and Reserve [Line Items]    
Beginning balance [3] 3  
Expenses incurred [4] 14  
Payments (6)  
Ending balance [5] 11  
2025 Restructuring Plan [Member]    
Restructuring Cost and Reserve [Line Items]    
Expenses incurred 977  
Payments (348)  
Foreign currency exchange remeasurement (7)  
Ending balance 622  
2025 Restructuring Plan [Member] | Employee Termination Benefits [Member]    
Restructuring Cost and Reserve [Line Items]    
Expenses incurred 689  
Payments (72)  
Foreign currency exchange remeasurement (7)  
Ending balance 610  
2025 Restructuring Plan [Member] | Other Associated Costs [Member]    
Restructuring Cost and Reserve [Line Items]    
Expenses incurred 288  
Payments (276)  
Ending balance $ 12  
[1] During the three-month period ending July 28, 2024, restructuring expense of $2.6 million represents $2.5 million and $132,000, related to the mattress fabrics and upholstery fabrics segments, respectively. The $2.6 million represents (i) $1.9 million related to the gradual discontinuation of operations and the process of selling the manufacturing facility located in Quebec, Canada, which includes $875,000 of additional depreciation related to the shortening of useful lives of equipment, employee termination benefits of $539,000, lease termination costs of $264,000, impairment charges and losses on the disposal of equipment totaling $95,000, and other associated costs of $90,000; (ii) $470,0000 related to the consolidation of two leased facilities at our mattress cover operation located in Ouanaminthe, Haiti, which includes lease termination costs of $406,000, employee termination benefits of $48,000, and other associated costs of $16,000; (iii) $167,000 of other associated costs related to the relocation of certain equipment from the mattress fabrics manufacturing facility located in Quebec, Canada to the U.S. facility located in Stokesdale, N.C; (iv) $132,000 related to reducing costs within our upholstery fabrics segment which includes employee termination benefits of $102,000 and other associated costs from our U.S. and China operations of $30,000.
[2] During the three-month period ending July 30, 2023, restructuring expense of $338,000 represents an impairment charge of $237,000 related mostly to machinery and equipment and $101,000 of employee termination benefits related to the discontinuation of production of cut and sewn upholstery kits at the company's facility located in Ouanaminthe, Haiti.
[3] Accrued restructuring expense of $3,000 was reported within accrued expenses in the Consolidated Balance Sheet for the period ending April 28, 2024.
[4] Expenses incurred represents other associated costs.
[5] Accrued restructuring expense of $11,000 was reported within accrued restructuring in the Consolidated Balance Sheet for the period ending July 28, 2024.