Quarterly report [Sections 13 or 15(d)]

RESTRUCTURING (Tables)

v3.26.3
RESTRUCTURING (Tables)
 9 Months Ended
Oct. 03, 2026
Restructuring and Related Activities [Abstract]  
Schedule of Components of Restructuring Charges
The following table summarizes the restructuring charges (gains) recorded during the three and nine months ended September 2026 and September 2025:
Three Months Ended September Nine Months Ended September
(In thousands)
2026 2025 2026 2025
Severance and employee-related benefits $ 189  $ 34,297  $ 1,324  $ 39,577 
Asset impairments —  3,864  —  3,864 
Other 1,591  2,318  (9,383) 3,679 
Total restructuring charges (gains) $ 1,780  $ 40,479  $ (8,059) $ 47,120 
The following table presents the classification of these restructuring costs in the Company's statements of operations:
Three Months Ended September Nine Months Ended September
(In thousands) 2026 2025 2026 2025
Cost of goods sold $ 1,735  $ 38,409  $ (8,615) $ 40,001 
Selling, general, and administrative expenses 45  2,070  556  7,119 
Total restructuring charges (gains) $ 1,780  $ 40,479  $ (8,059) $ 47,120 
The following table presents these restructuring costs by business segment:
Three Months Ended September Nine Months Ended September
(In thousands)
2026 2025 2026 2025
Wrangler $ 921  $ 424  $ 1,339  $ 1,880 
Helly Hansen 859  —  1,180  — 
Corporate and other —  40,055  (10,578) 45,240 
Total restructuring charges (gains) $ 1,780  $ 40,479  $ (8,059) $ 47,120 
Schedule of Activity in Restructuring
The following table presents activity in the restructuring accrual for the nine-month period ended September 2026:
(In thousands)
Accrual at December 2025 $ 8,516 
Charges(1)
5,332 
Cash payments (8,291)
Adjustments to accruals (1,694)
Currency translation 5 
Balance, September 2026 $ 3,868 
(1) For the nine months ended September 2026, in addition to the $5.3 million in charges recorded to the restructuring accrual, the Company recorded approximately $2.0 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.