As previously disclosed, in the first quarter of fiscal 2021, as the Company continued to evaluate its cost structure, anticipate consumer demand and focus on costs, the Company committed to a plan which has resulted and will result in the termination of operating leases and elimination of certain positions worldwide. The Company had previously estimated this plan would cost approximately $11,000 in fiscal 2021. The Company revised its estimate and currently expects to record restructuring expenses of approximately $22,000 in fiscal 2021 related to this plan. During the three and six months ended July 3, 2021, the Company recorded restructuring expenses totaling $6,036 ($4,515 after tax) and $11,574 ($8,659 after tax), respectively.

For the three and six months ended July 3, 2021, the components of the Company’s restructuring expenses were as follows:

	Three Months Ended		Six Months Ended
	July 3, 2021		July 3, 2021
Lease termination and other related costs	$	4,789	$	9,509
Employee termination benefit costs		1,247		2,065
Total restructuring expenses	$	6,036	$	11,574

For the three and six months ended July 3, 2021, restructuring expenses were recorded in the Company’s consolidated statements of net income as follows:

	Three Months Ended		Six Months Ended
	July 3, 2021		July 3, 2021
Cost of revenues	$	5,579	$	10,781
Selling, general and administrative expenses		457		793
Total restructuring expenses	$	6,036	$	11,574

All expenses were recorded to general corporate expenses and, therefore, there was no impact to the segments.

For the six months ended July 3, 2021, the Company made payments of $4,567 towards the liability for the lease termination costs and increased provision estimates by $16. For the six months ended July 3, 2021, the Company made payments of $566 towards the liability for the employee termination benefit costs and decreased provision estimates by $9. The Company expects the remaining lease termination liability of $1,809 and the remaining employee termination benefit liability of $1,490 to be paid in full no later than the end of fiscal 2023.

As previously disclosed, in the second quarter of fiscal 2020, in connection with its cost-savings initiative, and its continued response to the COVID-19 pandemic and the related shift in market conditions, the Company committed to a plan of reduction in force which has resulted in the elimination of certain positions and termination of employment for certain employees worldwide. To adjust to anticipated consumer demand, the Company evolved its workshop strategy and expanded its restructuring plan to include lease termination and other related costs. For the fiscal year ended January 2, 2021, the Company recorded restructuring expenses totaling $33,092 ($24,756 after tax).

For the fiscal year ended January 2, 2021, the components of the Company’s restructuring expenses were as follows:

	Fiscal Year Ended
	January 2, 2021
Lease termination and other related costs	$	7,989
Employee termination benefit costs		25,103
Total restructuring expenses	$	33,092

For the fiscal year ended January 2, 2021, restructuring expenses were recorded in the Company’s consolidated statements of net income as follows:

	Fiscal Year Ended
	January 2, 2021
Cost of revenues	$	23,300
Selling, general and administrative expenses		9,792
Total restructuring expenses	$	33,092

All expenses were recorded to general corporate expenses and, therefore, there was no impact to the segments.

For the fiscal year ended January 2, 2021, the Company made payments of $645 towards the liability for the lease termination costs. For the fiscal year ended January 2, 2021, the Company made payments of $15,434 towards the liability for the employee termination benefit costs and increased provision estimates by $180.

For the six months ended July 3, 2021, the Company made payments of $4,569 towards the liability for the lease termination costs and decreased provision estimates by $449. For the six months ended July 3, 2021, the Company made payments of $5,521 towards the liability for the employee termination benefit costs and decreased provision estimates by $901.

The Company expects the remaining lease termination liability of $303 and the remaining employee termination benefit liability of $3,427 to be paid in full no later than the end of fiscal 2023.