Restructuring Activities

9 Months Ended

Oct. 07, 2023

Restructuring and Related Activities [Abstract]

Restructuring Activities

3. RESTRUCTURING ACTIVITIES

In February 2023, to improve operational effectiveness, increase profitable sales, and better meet customer requirements, the company announced a restructuring of plant operation responsibilities from the sales function to the supply chain function. Employee termination benefits and other cash charges were primarily for the voluntary employee separation incentive plan (the "VSIP"), reduction-in-force ("RIF") and employee relocation costs. These costs are recorded in the restructuring charges line item of the Condensed Consolidated Statements of Income (Loss).

The table below presents the components of costs associated with the restructuring (amounts in thousands):

	For the Twelve Weeks Ended		For the Forty Weeks Ended
	October 7, 2023		October 7, 2023
Restructuring charges:
VSIP	$	—	$	5,229
RIF		—		899
Relocation costs		179		745
Total restructuring charges	$	179	$	6,873

The table below presents the components of, and changes in, our restructuring accruals (amounts in thousands):

	VSIP			Relocation Costs			RIF			Total
Liability balance at December 31, 2022	$	—		$	—		$	—		$	—
Charges		5,229			745			899			6,873
Cash payments		(3,800	)		(745	)		(899	)		(5,444	)
Liability balance(1) at October 7, 2023	$	1,429		$	—		$	—		$	1,429

(1) Recorded in the other accrued liabilities line item of our Condensed Consolidated Balance Sheets.