Restructuring and Other Related Charges

6 Months Ended

Feb. 01, 2020

Restructuring and Related Activities [Abstract]

In connection with its cost reduction initiatives, during the first quarter of Fiscal 2020, the Company announced a reorganization of its sourcing operation. Restructuring and other related charges for Fiscal 2020 primarily reflect costs associated with the sourcing reorganization. Future costs related to this reorganization are not expected to be material.

Charges related to the Dressbarn wind down are included in discontinued operations. Activity for the three and six months ended February 2, 2019 reflects actions under the Change for Growth program.



	Three Months Ended					Six Months Ended
	February 1, 2020			February 2, 2019		February 1, 2020		February 2, 2019
	(millions)					(millions)
Cash restructuring charges:
Severance and benefit costs ^(a)	$	(0.9	)	$	0.3	$	2.9	$	(0.2	)
Other related charges ^(b)	0.4			13.2		0.4		21.6
Total restructuring and other related charges	$	(0.5	)	$	13.5	$	3.3	$	21.4

_______

^(a)Severance and benefit costs reflect additional severance accruals associated with previously announced initiatives, as well as adjustments to true up estimates of previously accrued severance-related costs to reflect amounts actually paid.

^(b) Other related charges in Fiscal 2019 consist of professional fees and other third-party costs incurred in connection with the Change for Growth program.

A summary of activity for the six months ended February 1, 2020 in the restructuring-related liabilities, which is included within Accrued expenses and other current liabilities, is as follows:



	Severance and benefit costs			Other related charges			Total
	(millions)
Balance at August 3, 2019	$	11.4		$	1.0		$	12.4
Additions charged to expense	2.9			0.4			3.3
Cash payments	(9.5		)	(0.4		)	(9.9		)
Balance at February 1, 2020	$	4.8		$	1.0		$	5.8