Restructuring Activities

6 Months Ended

Jul. 17, 2021

Restructuring And Related Activities [Abstract]

Restructuring Activities

3. RESTRUCTURING ACTIVITIES

In Fiscal 2016, we announced the launch of Project Centennial, a comprehensive business and operational review.  The project was completed at the end of Fiscal 2020, and final payments related to the restructuring activities were paid during the first quarter of Fiscal 2021.  The table below presents the components of costs associated with Project Centennial and the consulting and third-party implementation costs related to the project for the twelve and twenty-eight weeks ended July 11, 2020 (amounts in thousands):

	For the Twelve Weeks Ended		For the Twenty-Eight Weeks Ended
	July 11, 2020		July 11, 2020
Restructuring and related impairment charges:
Impairment of trademark	$	4,636	$	4,636
Impairment of property, plant and equipment		4,634		4,634
Employee termination benefits		1,265		1,265
Restructuring and related impairment charges (1)		10,535		10,535
Project Centennial consulting costs (2)		5,584		8,976
Total Project Centennial restructuring and implementation costs	$	16,119	$	19,511

(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.

The tables below present the components of, and changes in, our restructuring accruals for the twenty-eight weeks ended July 17, 2021 and July 11, 2020 (amounts in thousands):

	VSIP			RIF			Employee Termination Benefits(1)		Total
Liability balance at January 2, 2021	$	1,036		$	472		$	—	$	1,508
Charges		—			—			—		—
Cash payments		(1,036	)		(472	)		—		(1,508	)
Liability balance (3) at July 17, 2021	$	—		$	—		$	—	$	—

	VSIP			RIF		Employee Termination Benefits(1)			Total
Liability balance at December 28, 2019	$	174		$	—	$	1,450		$	1,624
Charges		1,265			—		—			1,265
Cash payments		(174	)		—		(1,223	)		(1,397	)
Liability balance (2) at July 11, 2020	$	1,265		$	—	$	227		$	1,492

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

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