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Restructuring Activities (Tables)
6 Months Ended
Jul. 13, 2024
Restructuring and Related Activities [Abstract]  
Components of Costs Associated with Restructuring Programs he tables below presents the components of costs associated with the restructuring programs detailed above (amounts in thousands):

 

 

 

For the Twelve Weeks Ended

 

 

For the Twenty-Eight Weeks Ended

 

 

 

July 13, 2024

 

 

July 13, 2024

 

Restructuring charges:

 

 

 

 

 

 

2024 RIF

 

 

6,805

 

 

 

7,403

 

Relocation costs

 

 

 

 

 

 

Restructuring charges (1)

 

 

6,805

 

 

 

7,403

 

Restructuring-related implementation costs (2)

 

 

1,635

 

 

 

2,979

 

Total restructuring charges

 

$

8,440

 

 

$

10,382

 

 

 

 

For the Twelve Weeks Ended

 

 

For the Twenty-Eight Weeks Ended

 

 

 

July 15, 2023

 

 

July 15, 2023

 

Restructuring charges:

 

 

 

 

 

 

2023 VSIP

 

$

1,302

 

 

$

5,229

 

2023 RIF

 

 

899

 

 

 

899

 

Relocation costs

 

 

298

 

 

 

566

 

Total restructuring charges (1)

 

$

2,499

 

 

$

6,694

 

(1)
Presented on our Condensed Consolidated Statements of Income.
(2)
Costs are recorded in the selling, distribution and administrative expenses line item of our Condensed Consolidated Statements of Income.
Components of, and Changes in Restructuring Accruals

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

 

 

 

2023
VSIP

 

 

2024
 RIF

 

 

Total

 

Liability balance at December 30, 2023

 

$

1,429

 

 

$

 

 

$

1,429

 

Charges

 

 

 

 

 

7,403

 

 

 

7,403

 

Cash payments

 

 

(1,429

)

 

 

(6,915

)

 

 

(8,344

)

Liability balance at July 13, 2024

 

$

 

 

$

488

 

 

$

488