Restructuring Activities (Tables)

12 Months Ended

Dec. 30, 2017

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

	Fiscal 2017
Restructuring and related impairment charges:
Reorganization costs	$	1,925
VSIP		29,665
Impairment of assets		69,601
Employee termination benefits		2,939
Restructuring and related impairment charges (1)		104,130
Project Centennial implementation costs (2)		37,306
Total Project Centennial restructuring and implementation costs	$	141,436

(1)	Presented on our Consolidated Statements of Income.

(2)	Costs are recorded in the selling, distribution, and administrative expenses line item of our Consolidated Statements of Income.

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

	VSIP			Employee termination benefits⁽¹⁾			Impairment of assets⁽²⁾			Reorganization costs⁽³⁾			Total
Liability balance at December 31, 2016	$	—		$	—		$	—		$	—		$	—
Charges		29,665			2,939			69,601			1,925			104,130
Cash payments		(4,643	)		(2,471	)		—			(1,925	)		(9,039	)
Non-cash impairments		—			—			(69,601	)		—			(69,601	)
Liability balance (4) at December 30, 2017	$	25,022		$	468		$	—		$	—		$	25,490

(1)	Employee termination benefits not related to the VSIP.

(2)	Asset impairments are a non-cash expense recorded as a reduction to intangible assets and property, plant, and equipment. These transactions did not impact the liability balance.

(3)	Reorganization costs include employee relocation expenses.

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