Restructuring and Impairment

6 Months Ended

Jun. 29, 2024

Restructuring and Related Activities [Abstract]

Restructuring and Impairment

Restructuring and Impairment

Restructuring and impairment activity relates to: cash set-up costs at a new manufacturing facility in Mexico in the current and prior periods; non-cash inventory valuation adjustments related to the closure of a small workplace furnishings eCommerce brand in the prior period; non-cash long-lived asset valuation charges in connection with closures in the prior period; cash exit costs tied to workplace furnishings manufacturing facility consolidation actions in the current year; and cash exit costs in connection with the divestiture of Poppin in the prior year.

		Three Months Ended				Six Months Ended
	Classification	June 29, 2024		July 1, 2023		June 29, 2024		July 1, 2023
Workplace Furnishings
Inventory valuation	Cost of sales	$	—	$	(0.4)	$	—	$	(0.3)
Facility set-up costs	Cost of sales	0.6		0.2		0.7		0.5
Long-lived asset charges	Restructuring and impairment charges	—		2.1		—		2.1
Exit costs	Restructuring and impairment charges	2.0		6.0		2.1		6.0
Total		$	2.6	$	7.8	$	2.8	$	8.3

As of June 29, 2024 and December 30, 2023, accrued restructuring expenses of $2.4 million and $1.8 million, respectively, were included in "Accounts payable and accrued expenses" in the Condensed Consolidated Balance Sheets. Cash payments related to these charges in the current year-to-date period were $2.1 million. In the prior year-to-date period, cash payments were not significant. Future restructuring costs connected to current initiatives are estimated to be $4.0 million.