|3 Months Ended|
Apr. 02, 2022
|Restructuring and Related Activities [Abstract]|
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 months ended March 2022. All of the $0.7 million of restructuring charges recognized during the three months ended March 2021 were reflected within "selling, general and administrative expenses," and primarily related to previously approved initiatives.
All of the $0.8 million total restructuring accrual reported in the Company's balance sheet at March 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:
The following table presents the restructuring costs by business segment:
The following table presents activity in the restructuring accrual for the three-month period ended March 2022:
The entire disclosure for restructuring and related activities. Description of restructuring activities such as exit and disposal activities, include facts and circumstances leading to the plan, the expected plan completion date, the major types of costs associated with the plan activities, total expected costs, the accrual balance at the end of the period, and the periods over which the remaining accrual will be settled.
Reference 1: http://www.xbrl.org/2003/role/disclosureRef