v3.26.1
RESTRUCTURING (Tables)
3 Months Ended
Apr. 04, 2026
Restructuring and Related Activities [Abstract]  
Schedule of restructuring charges by operating segment
The following table shows a summary of the Turnaround Plan charges (in thousands):
For the 13 Weeks Ended April 4, 2026For the 14 Weeks Ended April 5, 2025
Restructuring expenses2,034 15,821 
Consolidated$2,034 $15,821 
Turnaround Plan restructuring charges by operating segment were as follows (in thousands):
For the 13 Weeks Ended April 4, 2026For the 14 Weeks Ended April 5, 2025
Americas$538 $598 
Europe124 2,011 
Asia(175)443 
Corporate1,547 12,769 
Consolidated$2,034 $15,821 
Schedule of rollforward of the liability incurred for restructuring plan
The following table shows a rollforward of the accrued liability related to the Company’s Turnaround Plan (in thousands):
For the 13 Weeks Ended April 4, 2026
LiabilitiesLiabilities
January 3, 2026ChargesCash PaymentsNon-cash ItemsApril 4, 2026
Store closures$— $16 $— $16 $— 
Professional services and other5,561 769 1,791 — 4,539 
Severance and employee-related benefits6,268 1,249 4,884 — 2,633 
Total$11,829 $2,034 $6,675 $16 $7,172 
For the 14 Weeks Ended April 5, 2025
LiabilitiesLiabilities
December 28, 2024ChargesCash PaymentsNon-cash ItemsApril 5, 2025
Store closures$— $10 $— $10 $— 
Professional services— 6,485 1,145 — 5,340 
Severance and employee-related benefits— 9,326 1,934 49 7,343 
Total$— $15,821 $3,079 $59 $12,683 
The following table shows a rollforward of the accrued liability related to the Company’s TAG plan (in thousands):
For the 14 Weeks Ended April 5, 2025
LiabilitiesLiabilities
December 28, 2024Cash PaymentsApril 5, 2025
Store closures$$$— 
Professional services9,501 6,529 2,972 
Severance and employee-related benefits7,341 6,712 629 
Charges related to exits of certain product offerings300 — 300 
Total$17,143 $13,242 $3,901