Quarterly report [Sections 13 or 15(d)]

RESTRUCTURING (Tables)

v3.26.1
RESTRUCTURING (Tables)
 3 Months Ended
Apr. 04, 2026
Restructuring and Related Activities [Abstract]  
Schedule of Components of Restructuring Charges
The following table summarizes the restructuring charges recorded during the three months ended March 2026 and March 2025:
Three Months Ended March
(In thousands)
2026 2025
Severance and employee-related benefits $ 731  $ 2,479 
Other 2,199  843 
Total restructuring charges $ 2,930  $ 3,322 
The following table presents the classification of these restructuring costs in the Company's statements of operations:
Three Months Ended March
(In thousands) 2026 2025
Cost of goods sold $ 2,828  $ 1,077 
Selling, general, and administrative expenses 102  2,245 
Total $ 2,930  $ 3,322 
The following table presents these restructuring costs by business segment:
Three Months Ended March
(In thousands)
2026 2025
Wrangler $ 168  $ 938 
Corporate and other 2,762  2,384 
Total $ 2,930  $ 3,322 
Schedule of Activity in Restructuring
The following table presents activity in the restructuring accrual for the three-month period ended March 2026:
(In thousands)
Accrual at December 2025 $ 8,516 
Charges(1)
2,136 
Cash payments (4,289)
Adjustments to accruals (211)
Balance, March 2026 $ 6,152 
(1) The Company also recorded approximately $0.8 million of non-cash and other charges related to the closure of a portion of our manufacturing facilities and streamlining and transferring select production within our internal manufacturing network.