v3.25.4
RESTRUCTURING (Tables)
 12 Months Ended
Jan. 03, 2026
Restructuring and Related Activities [Abstract]  
Schedule of Restructuring Charges
The following table presents the restructuring costs included in the Company's statements of operations:
Year Ended December
(In thousands)202520242023
Cost of goods sold$45,609 $15,387 $5,780 
Selling, general and administrative expenses8,678 1,801 5,689 
Total$54,287 $17,188 $11,469 
The following table presents the components of restructuring charges:
Year Ended December
(In thousands)202520242023
Severance and employee-related benefits$40,808 $4,557 $7,223 
Asset impairments4,722 3,603 3,064 
Inventory write-downs760 4,310 — 
Other7,997 4,718 1,182 
Total restructuring charges$54,287 $17,188 $11,469 
The following table presents the restructuring costs by business segment:
Year Ended December
(In thousands)202520242023
Wrangler$2,177 $15,080 $4,564 
Lee— 40 43 
Corporate and other52,110 2,068 6,862 
Total$54,287 $17,188 $11,469 
Schedule of Activity in Restructuring Accrual
The following table presents activity in the restructuring accrual, primarily related to severance and employee-related benefits, for the years ended December 2025 and December 2024:
(In thousands)
Accrual at December 2023$827 
Charges(a)
7,717 
Cash payments(6,323)
Adjustments to accruals(318)
Currency translation(8)
Accrual at December 2024$1,895 
Charges(a)
46,493 
Cash payments(39,517)
Adjustments to accruals(398)
Currency translation43 
Accrual at December 2025$8,516 

(a) The Company also recorded approximately $7.8 million and $9.5 million of non-cash and other charges for 2025 and 2024, respectively.