Quarterly report pursuant to Section 13 or 15(d)

RESTRUCTURING

v3.21.1
RESTRUCTURING
 3 Months Ended
Apr. 03, 2021
Restructuring and Related Activities [Abstract]  
RESTRUCTURING RESTRUCTURING
The Company generally incurs restructuring charges related to cost optimization of business activities, primarily related to severance and employee-related benefits. Of the $0.7 million of restructuring charges recognized during the three months ended March 2021, all were reflected within "selling, general and administrative expenses," and primarily related to previously approved initiatives. Of the $5.8 million of restructuring charges recognized during the three months ended March 2020, $5.3 million were reflected within "selling, general and administrative expenses" and $0.5 million were reflected within "cost of goods sold."
Of the $4.3 million total restructuring accrual reported in the Company's balance sheet at March 2021, $4.1 million is expected to be paid out within the next 12 fiscal months and is classified within "accrued liabilities." The remaining $0.2 million is classified within "other liabilities." Of the $6.7 million total restructuring accrual reported in the Company's balance sheet at December 2020, $6.5 million was expected to be paid out within the next 12 fiscal months and was classified within "accrued liabilities." The remaining $0.2 million was classified within "other liabilities."
The following table presents the components of restructuring charges:
Three Months Ended
(In thousands)
March 2021 March 2020
Severance and employee-related benefits $ 719  $ 5,795 
Total restructuring charges $ 719  $ 5,795 
The following table presents the restructuring costs by business segment:
Three Months Ended
(In thousands)
March 2021 March 2020
Wrangler $ 183  $ 3,178 
Lee 183  2,617 
Corporate and other 353  — 
Total $ 719  $ 5,795 
The following table presents activity in the restructuring accrual for the three-month period ended March 2021:
(In thousands) Total
Accrual at December 2020 $ 6,741 
Charges 719 
Cash payments (3,215)
Adjustments to accruals 57 
Accrual at March 2021 $ 4,302