Annual report pursuant to Section 13 and 15(d)

RESTRUCTURING (Tables)

v3.20.4
RESTRUCTURING (Tables)
12 Months Ended
Jan. 02, 2021
Restructuring and Related Activities [Abstract]  
Components of Restructuring Charges
The following table presents the components of restructuring charges:
Year Ended December
(In thousands)
2020 2019 2018
Severance and employee-related benefits $ 14,725  $ 14,903  $ 20,385 
Asset impairments 4,587  1,596  — 
Inventory write-downs 3,645  4,403  — 
Other 2,486  3,660  — 
Total restructuring charges $ 25,443  $ 24,562  $ 20,385 
The following table presents the restructuring costs by business segment:
Year Ended December
(In thousands)
2020 2019 2018
Wrangler $ 6,616  $ 17,613  $ 13,358 
Lee 5,702  6,685  6,592 
Corporate and other 13,125  264  435 
Total $ 25,443  $ 24,562  $ 20,385 
Activity in Restructuring Accrual
The following table presents activity in the restructuring accrual for the years ending December 2020 and December 2019:
(In thousands)
Severance
Other
Total
Accrual at December 2018 $ 23,249  $   $ 23,249 
Charges 14,903  3,660  18,563 
Cash payments (31,201) (839) (32,040)
Adjustments to accruals 1,663  —  1,663 
Currency translation (58) (197) (255)
Adjustment at Separation (6,384) (2,624) (9,008)
Accrual at December 2019 $ 2,172  $   $ 2,172 
Charges 14,725  —  14,725 
Cash payments (8,390) —  (8,390)
Adjustments to accruals (1,847) —  (1,847)
Currency translation 81  —  81 
Accrual at December 2020 $ 6,741  $   $ 6,741