v3.26.1
RESTRUCTURING (Tables)
6 Months Ended
Jul. 04, 2026
Restructuring and Related Activities [Abstract]  
Schedule of Restructuring Charges by Operating Segment
The following table shows a summary of Turnaround Plan charges (in thousands):
For the 13 Weeks Ended July 4, 2026For the 13 Weeks Ended July 5, 2025For the 26 Weeks Ended July 4, 2026For the 27 Weeks Ended July 5, 2025
Restructuring expenses$3,440 $7,295 $5,474 $23,116 
Consolidated$3,440 $7,295 $5,474 $23,116 

Turnaround Plan restructuring charges by operating segment were as follows (in thousands):
For the 13 Weeks Ended July 4, 2026For the 13 Weeks Ended July 5, 2025For the 26 Weeks Ended July 4, 2026For the 27 Weeks Ended July 5, 2025
Americas$140 $394 $678 $992 
Europe616 1,634 740 3,645 
Asia266 643 90 1,085 
Corporate2,418 4,624 3,966 17,394 
Consolidated$3,440 $7,295 $5,474 $23,116 
Schedule of Liability Incurred On Restructuring Plan
For the 13 Weeks Ended July 4, 2026
LiabilitiesLiabilities
April 4, 2026ChargesCash PaymentsNon-cash ItemsJuly 4, 2026
Professional services4,539 2,271 1,644 — 5,166 
Severance and employee-related benefits2,633 1,169 1,828 — 1,974 
Total$7,172 $3,440 $3,472 $— $7,140 
For the 13 Weeks Ended July 5, 2025
LiabilitiesLiabilities
April 5, 2025ChargesCash PaymentsJuly 5, 2025
Professional services5,340 4,556 3,920 5,976 
Severance and employee-related benefits7,343 2,739 4,003 6,079 
Total$12,683 $7,295 $7,923 $12,055 
For the 26 Weeks Ended July 4, 2026
LiabilitiesLiabilities
January 3, 2026ChargesCash PaymentsNon-cash ItemsJuly 4, 2026
Store closures$— $16 $— $16 $— 
Professional services5,561 3,040 3,435 — 5,166 
Severance and employee-related benefits6,268 2,418 6,712 — 1,974 
Total$11,829 $5,474 $10,147 $16 $7,140 

For the 27 Weeks Ended July 5, 2025
LiabilitiesLiabilities
December 28, 2024ChargesCash PaymentsNon-cash ItemsJuly 5, 2025
Store closures$— $10 $— $10 $— 
Professional services— 11,042 5,066 — 5,976 
Severance and employee-related benefits— 12,064 5,936 49 6,079 
Total$— $23,116 $11,002 $59 $12,055 
The following table shows a rollforward of the accrued liability related to the Company’s TAG plan (in thousands):
For the 13 Weeks Ended July 5, 2025
LiabilitiesLiabilities
April 5, 2025Cash PaymentsJuly 5, 2025
Professional services$2,972 $2,972 $— 
Severance and employee-related benefits629 629 — 
Charges related to exits of certain product offerings300 175 125 
Total$3,901 $3,776 $125 

For the 27 Weeks Ended July 5, 2025
LiabilitiesLiabilities
December 28, 2024Cash PaymentsJuly 5, 2025
Store closures$$$— 
Professional services9,501 9,501 — 
Severance and employee-related benefits7,341 7,341 — 
Charges related to exits of certain product offerings300 175 125 
Total$17,143 $17,018 $125