Annual report pursuant to Section 13 and 15(d)

RESTRUCTURING (Tables)

v3.24.0.1
RESTRUCTURING (Tables)
12 Months Ended
Dec. 30, 2023
Restructuring and Related Activities [Abstract]  
Components of Restructuring Charges
The following table presents the components of restructuring charges:
Year Ended December
(In thousands) 2023 2022 2021
Severance and employee-related benefits $ 7,223  $ 13,688  $ 992 
Asset impairments 3,064  —  — 
Pension curtailment gain —  (2,581) — 
Other 1,182  —  — 
Total restructuring charges $ 11,469  $ 11,107  $ 992 
The following table presents the restructuring costs by business segment:
Year Ended December
(In thousands) 2023 2022 2021
Wrangler $ 4,564  $ —  $ 305 
Lee 43  —  331 
Corporate and other 6,862  11,107  356 
Total $ 11,469  $ 11,107  $ 992 
Schedule of Activity in Restructuring Accrual
The following table presents activity in the restructuring accrual for the years ended December 2023 and December 2022:
(In thousands) Severance
Accrual at December 2021 $ 1,079 
Charges 13,688 
Cash payments (4,956)
Adjustments to accruals 166 
Currency translation 718 
Accrual at December 2022 $ 10,695 
Charges 7,223 
Cash payments (17,338)
Adjustments to accruals
Currency translation 241 
Accrual at December 2023 $ 827