v3.20.4

Restructuring and Other Related Charges (Tables)

3 Months Ended

Oct. 31, 2020

Restructuring and Related Activities [Abstract]

Restructuring and Other Related Charges

Charges related to the Catherines and Dressbarn wind downs are included in discontinued operations.

			Three Months Ended
			October 31, 2020						November 2, 2019
			(millions)
Cash restructuring charges:
Severance and benefit costs (a)			$	1.2					$	3.8
Other related charges			0.1						—
Total cash charges			1.3						3.8
Total restructuring and other related charges			$	1.3					$	3.8

_______

(a) Severance and benefit costs reflect additional severance accruals associated with previously announced initiatives, as well as adjustments to true up estimates of previously accrued severance-related costs to reflect amounts actually paid.

Restructuring and other related charges are as follows:

			Three Months Ended
			October 31, 2020						November 2, 2019
			(millions)
Cash related charges (i):
Severance and benefit costs:
Premium Fashion			$	(0.9)					$	(0.4)
Plus Fashion			0.2						(0.3)
Kids Fashion			2.0						(0.1)
Corporate			(0.1)						4.6
Total severance and benefit costs			1.2						3.8
Professional fees and other related charges:
Corporate			0.1						—
Total professional fees and other related charges			0.1						—
Total cash related charges			1.3						3.8
Total restructuring and other related charges			$	1.3					$	3.8

(i) The charges incurred under the Company’s cost reduction initiatives are more fully described in Note 8.

Schedule of Restructuring Related Liabilities

A summary of activity for the three months ended October 31, 2020 in the restructuring-related liabilities, which is included within Accrued expenses and other current liabilities, is as follows:

			Severance and benefit costs												Other related charges						Total
			(millions)
Balance at August 1, 2020			$	24.7											$	0.4					$	25.1
Additions charged to expense			1.2												0.1						1.3
Cash payments			(15.8)												(0.5)						(16.3)
Balance at October 31, 2020			$	10.1											$	—					$	10.1

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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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-Publisher FASB
-Name Accounting Standards Codification
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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

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-Publisher FASB
-Name Accounting Standards Codification
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