Quarterly report [Sections 13 or 15(d)]

RESTRUCTURING (Tables)

v3.26.1
RESTRUCTURING (Tables)
 6 Months Ended
Jul. 04, 2026
Restructuring and Related Activities [Abstract]  
Schedule of Components of Restructuring Charges
The following table summarizes the restructuring (gains) charges recorded during the three and six months ended June 2026 and June 2025:
Three Months Ended June Six Months Ended June
(In thousands)
2026 2025 2026 2025
Severance and employee-related benefits $ 404  $ 2,801  $ 1,135  $ 5,280 
Other (13,173) 518  (10,974) 1,361 
Total restructuring (gains) charges $ (12,769) $ 3,319  $ (9,839) $ 6,641 
The following table presents the classification of these restructuring costs in the Company's statements of operations:
Three Months Ended June Six Months Ended June
(In thousands) 2026 2025 2026 2025
Cost of goods sold $ (13,178) $ 515  $ (10,350) $ 1,592 
Selling, general, and administrative expenses 409  2,804  511  5,049 
Total restructuring (gains) charges $ (12,769) $ 3,319  $ (9,839) $ 6,641 
The following table presents these restructuring costs by business segment:
Three Months Ended June Six Months Ended June
(In thousands)
2026 2025 2026 2025
Wrangler $ 250  $ 518  $ 418  $ 1,456 
Helly Hansen 321  —  321  — 
Corporate and other (13,340) 2,801  (10,578) 5,185 
Total restructuring (gains) charges $ (12,769) $ 3,319  $ (9,839) $ 6,641 
Schedule of Activity in Restructuring
The following table presents activity in the restructuring accrual for the six-month period ended June 2026:
(In thousands)
Accrual at December 2025 $ 8,516 
Charges(1)
3,600 
Cash payments (6,008)
Adjustments to accruals (1,340)
Currency translation 5 
Balance, June 2026 $ 4,773 
(1) For the six months ended June 2026, in addition to the $3.6 million in charges recorded to the restructuring accrual, the Company recorded approximately $1.9 million of non-cash and other charges related to the closure of a manufacturing facility and streamlining and transferring select production within our internal manufacturing network offset by a gain related to the sale of the manufacturing facility of $15.4 million.