Annual report pursuant to Section 13 and 15(d)

RESTRUCTURING (Tables)

v3.22.4
RESTRUCTURING (Tables)
12 Months Ended
Dec. 31, 2022
Restructuring and Related Activities [Abstract]  
Components of Restructuring Charges
The following table presents the components of restructuring charges:
Year Ended December
(In thousands) 2022 2021 2020
Severance and employee-related benefits $ 13,688  $ 992  $ 14,725 
Asset impairments —  —  4,587 
Inventory write-downs —  —  3,645 
Pension curtailment gain (2,581) —  — 
Other —  —  2,486 
Total restructuring charges $ 11,107  $ 992  $ 25,443 
The following table presents the restructuring costs by business segment:
Year Ended December
(In thousands) 2022 2021 2020
Wrangler $ —  $ 305  $ 6,616 
Lee —  331  5,702 
Corporate and other 11,107  356  13,125 
Total $ 11,107  $ 992  $ 25,443 
Schedule of Activity in Restructuring Accrual
The following table presents activity in the restructuring accrual for the years ended December 2022 and December 2021:
(In thousands) Severance
Accrual at December 2020 $ 6,741 
Charges 992 
Cash payments (6,673)
Adjustments to accruals
Currency translation 13 
Accrual at December 2021 $ 1,079 
Charges 13,688 
Cash payments (4,956)
Adjustments to accruals 166 
Currency translation 718 
Accrual at December 2022 $ 10,695