v3.25.1
RESTRUCTURING (Tables)
 3 Months Ended
Mar. 29, 2025
Restructuring and Related Activities [Abstract]  
Components of Restructuring Charges
Restructuring charges relate to costs associated with exit or disposal activities. During the three months ended March 2025 and March 2024, the Company incurred the following charges related to business optimization and actions to streamline and transfer select production within our internal manufacturing network:
Three Months Ended March
(In thousands)
20252024
Severance and employee-related benefits$2,479 $1,981 
Asset impairments— 168 
Inventory write-downs— 1,683 
Other843 779 
Total restructuring charges$3,322 $4,611 
The following table presents the classification of these restructuring costs in the Company's statements of operations:
Three Months Ended March
(In thousands)20252024
Cost of goods sold$1,077 $3,039 
Selling, general, and administrative expenses2,245 1,572 
Total$3,322 $4,611 
The following table presents these restructuring costs by business segment:
Three Months Ended March
(In thousands)
20252024
Wrangler$938 $3,249 
Lee— 40 
Corporate and other2,384 1,322 
Total$3,322 $4,611 
Activity in Restructuring
The following table presents activity in the restructuring accrual for the three-month period ended March 2025:
(In thousands)
Accrual at December 2024$1,895 
Charges2,926 
Cash payments(1,820)
Balance, March 2025$3,001