Quarterly report pursuant to Section 13 or 15(d)

RESTRUCTURING (Tables)

v3.24.3
RESTRUCTURING (Tables)
9 Months Ended
Sep. 28, 2024
Restructuring and Related Activities [Abstract]  
Components of Restructuring Charges
The following table presents the components of restructuring charges:
Three Months Ended September Nine Months Ended September
(In thousands)
2024 2023 2024 2023
Severance and employee-related benefits $ 386  $ —  $ 4,371  $ 6,614 
Asset impairments 49  —  650  — 
Inventory write-downs —  —  1,902  — 
Other 1,712  —  3,139  1,182 
Total restructuring charges $ 2,147  $   $ 10,062  $ 7,796 
The following table presents the restructuring costs by business segment:
Three Months Ended September Nine Months Ended September
(In thousands)
2024 2023 2024 2023
Wrangler $ 1,823  $ —  $ 7,954  $ 995 
Lee —  —  40  187 
Corporate and other 324  —  2,068  6,614 
Total $ 2,147  $   $ 10,062  $ 7,796 
Activity in Restructuring
The following table presents activity in the restructuring accrual for the nine-month period ended September 2024:
(In thousands) Total
Accrual at December 2023 $ 827 
Charges 6,731 
Cash payments (5,269)
Adjustments to accruals (300)
Currency translation (8)
Balance, September 2024 $ 1,981