Restructuring Activities

9 Months Ended

Oct. 09, 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 forty weeks ended October 3, 2020 (amounts in thousands):

	For the Twelve Weeks Ended		For the Forty Weeks Ended
	October 3, 2020		October 3, 2020
Restructuring and related impairment charges:
Impairment of trademark	$	—	$	4,636
Impairment of property, plant and equipment		611		5,245
Employee termination benefits		5,996		7,261
Lease termination and lease impairment charges (1)		13,493		13,493
Restructuring and related impairment charges (1)		20,100		30,635
Project Centennial consulting costs (2)		5,068		14,044
Total Project Centennial restructuring and implementation costs	$	25,168	$	44,679

(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 forty weeks ended October 9, 2021 and October 3, 2020 (amounts in thousands):

	VSIP			RIF			Employee Termination Benefits(1)		Distribution Network Optimization		Total
Liability balance at January 2, 2021	$	1,036		$	472		$	—	$	—	$	1,508
Charges		—			—			—		—		—
Cash payments		(1,036	)		(472	)		—		—		(1,508	)
Liability balance (2) at October 9, 2021	$	—		$	—		$	—	$	—	$	—

	VSIP			RIF			Employee Termination Benefits(1)			Distribution Network Optimization			Total
Liability balance at December 28, 2019	$	174		$	—		$	1,450		$	—		$	1,624
Charges		2,184			5,226			(149	)		2,213			9,474
Cash payments		(1,642	)		(4,714	)		(1,075	)		(2,213	)		(9,644	)
Liability balance (2) at October 3, 2020	$	716		$	512		$	226		$	—		$	1,454

(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.