Quarterly report pursuant to Section 13 or 15(d)

RESTRUCTURING (Tables)

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RESTRUCTURING (Tables)
6 Months Ended
Jun. 29, 2024
Restructuring and Related Activities [Abstract]  
Components of Restructuring Charges
The following table presents the components of restructuring charges:
Three Months Ended June Six Months Ended June
(In thousands)
2024 2023 2024 2023
Severance and employee-related benefits $ 2,004  $ 6,614  $ 3,985  $ 6,614 
Asset impairments 433  —  601  — 
Inventory write-downs 219  —  1,902  — 
Other 648  1,182  1,427  1,182 
Total restructuring charges $ 3,304  $ 7,796  $ 7,915  $ 7,796 
The following table presents the restructuring costs by business segment:
Three Months Ended June Six Months Ended June
(In thousands)
2024 2023 2024 2023
Wrangler $ 2,882  $ 995  $ 6,131  $ 995 
Lee —  187  40  187 
Corporate and other 422  6,614  1,744  6,614 
Total $ 3,304  $ 7,796  $ 7,915  $ 7,796 
Activity in Restructuring
The following table presents activity in the restructuring accrual for the six-month period ended June 2024:
(In thousands) Total
Accrual at December 2023 $ 827 
Charges 4,875 
Cash payments (3,557)
Adjustments to accruals (290)
Currency translation (8)
Balance, June 2024 $ 1,847