In fiscal year 2019, the Company launched New World Fossil 2.0 - Transform to Grow Program (“NWF 2.0”), which was focused on optimizing the Company’s operating structure to be more efficient, with faster decision-making and a more customer-centric focus. In addition to optimizing the way the Company goes to market, the Company pursued additional gross margin expansion opportunities. The Company has taken a zero-based budgeting approach to adjust its business model to enable more investment in digital capabilities and marketing, move closer to the consumer and react more quickly to the ever-evolving consumer shopping patterns. The Company also changed its overall business processes and resources, creating a more centrally directed operating model, reducing complexity and redundancy, and operating at a lower cost base. The NWF 2.0 restructuring program was expanded to address additional challenges posed by COVID-19, including a number of cost saving measures such as store closures. The Company estimates NWF 2.0 total charges of $6.0 million for fiscal year 2022, which will conclude this program.


	For the 13 Weeks Ended October 1, 2022
	Liabilities								Liabilities
	July 2, 2022		Charges		Cash Payments		Non-cash Items		October 1, 2022
Store closures	$	—	$	—	$	—	$	—	$	—
Professional services	130		—		43		—		87
Severance and employee-related benefits	3,616		—		885		—		2,731
Total	$	3,746	$	—	$	928	$	—	$	2,818


	For the 13 Weeks Ended October 2, 2021
	Liabilities								Liabilities
	July 3, 2021		Charges		Cash Payments		Non-cash Items		October 2, 2021
Store closures	$	19	$	244	$	201	$	47	$	15
Professional services	2,076		1,405		2,264		—		1,217
Severance and employee-related benefits	5,756		3,798		4,667		—		4,887
Total	$	7,851	$	5,447	$	7,132	$	47	$	6,119


	For the 39 Weeks Ended October 1, 2022
	Liabilities								Liabilities
	January 1, 2022		Charges		Cash Payments		Non-cash Items		October 1, 2022
Store closures	$	300	$	405	$	613	$	92	$	—
Professional services	643		135		691		—		87
Severance and employee-related benefits	4,388		4,898		5,770		785		2,731
Total	$	5,331	$	5,438	$	7,074	$	877	$	2,818


	For the 39 Weeks Ended October 2, 2021
	Liabilities								Liabilities
	January 2, 2021		Charges		Cash Payments		Non-cash Items		October 2, 2021
Store closures	$	240	$	1,913	$	391	$	1,747	$	15
Professional services	2,280		4,812		5,875		—		1,217
Severance and employee-related benefits	7,741		11,991		14,845		—		4,887
Total	$	10,261	$	18,716	$	21,111	$	1,747	$	6,119


	For the 13 Weeks Ended October 1, 2022		For the 13 Weeks Ended October 2, 2021		For the 39 Weeks Ended October 1, 2022		For the 39 Weeks Ended October 2, 2021
Americas	$	—	$	737	$	83	$	2,116
Europe	—		1,828		1,531		8,872
Asia	—		1,484		1,204		3,289
Corporate	—		1,398		2,620		4,439
Consolidated	$	—	$	5,447	$	5,438	$	18,716