v3.26.3
RESTRUCTURING (Tables)
 9 Months Ended
Oct. 03, 2026
Restructuring and Related Activities [Abstract]  
Schedule of Components of Restructuring Charges
The following table summarizes the restructuring charges (gains) recorded during the three and nine months ended September 2026 and September 2025:
Three Months Ended SeptemberNine Months Ended September
(In thousands)
2026202520262025
Severance and employee-related benefits$189 $34,297 $1,324 $39,577 
Asset impairments— 3,864 — 3,864 
Other1,591 2,318 (9,383)3,679 
Total restructuring charges (gains)$1,780 $40,479 $(8,059)$47,120 
The following table presents the classification of these restructuring costs in the Company's statements of operations:
Three Months Ended SeptemberNine Months Ended September
(In thousands)2026202520262025
Cost of goods sold$1,735 $38,409 $(8,615)$40,001 
Selling, general, and administrative expenses45 2,070 556 7,119 
Total restructuring charges (gains)$1,780 $40,479 $(8,059)$47,120 
The following table presents these restructuring costs by business segment:
Three Months Ended SeptemberNine Months Ended September
(In thousands)
2026202520262025
Wrangler$921 $424 $1,339 $1,880 
Helly Hansen859 — 1,180 — 
Corporate and other— 40,055 (10,578)45,240 
Total restructuring charges (gains)$1,780 $40,479 $(8,059)$47,120 
Schedule of Activity in Restructuring
The following table presents activity in the restructuring accrual for the nine-month period ended September 2026:
(In thousands)
Accrual at December 2025$8,516 
Charges(1)
5,332 
Cash payments(8,291)
Adjustments to accruals(1,694)
Currency translation5 
Balance, September 2026$3,868 
(1) For the nine months ended September 2026, in addition to the $5.3 million in charges recorded to the restructuring accrual, the Company recorded approximately $2.0 million of non-cash and other charges related to the closure of a manufacturing facility and streamlining and transferring select production within our internal manufacturing network offset by a gain related to the sale of the manufacturing facility of $15.4 million.