Quarterly report pursuant to Section 13 or 15(d)

RESTRUCTURING

v3.22.2
RESTRUCTURING
 6 Months Ended
Jul. 02, 2022
Restructuring and Related Activities [Abstract]  
RESTRUCTURING RESTRUCTURING
The Company generally incurs restructuring charges related to cost optimization of business activities, primarily related to severance and employee-related benefits.
No restructuring charges were recognized during the three and six months ended June 2022. All of the $0.3 million and $1.0 million of restructuring charges recognized during the three and six months ended June 2021, respectively, were reflected within "selling, general and administrative expenses," and primarily related to previously approved initiatives.
All of the $0.5 million total restructuring accrual reported in the Company's balance sheet at June 2022 is expected to be paid out within the next 12 months and was classified within "accrued liabilities." All of the $1.1 million total restructuring accrual reported in the Company's balance sheet at December 2021 was expected to be paid out within the next 12 months and was classified within "accrued liabilities."
The following table presents the components of restructuring charges:
Three Months Ended Six Months Ended
(In thousands)
June 2022 June 2021 June 2022 June 2021
Severance and employee-related benefits $ —  $ 273  $ —  $ 992 
Total restructuring charges $ —  $ 273  $ —  $ 992 
The following table presents the restructuring costs by business segment:
Three Months Ended Six Months Ended
(In thousands)
June 2022 June 2021 June 2022 June 2021
Wrangler $ —  $ 123  $ —  $ 306 
Lee —  148  —  331 
Corporate and other —  2  —  355 
Total $ —  $ 273  $ —  $ 992 
The following table presents activity in the restructuring accrual for the six-month period ended June 2022:
(In thousands) Total
Accrual at December 2021 $ 1,079 
Cash payments (710)
Adjustments to accruals 139 
Currency translation (30)
Balance, June 2022 $ 478