Note 20 - Severance, Professional Fees and Other Charges

12 Months Ended

Dec. 28, 2019

Notes to Financial Statements

Severance, Professional Fees and Other Charges Disclosure [Text Block]

20. SEVERANCE, PROFESSIONAL FEES AND OTHER CHARGES

The Company did

not

incur severance, professional fees and other charges for the

fifty-two

week period ended

December 28, 2019.

The Company recorded

$1.6

million in severance, professional fees and other charges for the

fifty-two

week period ended

December 29, 2018. 

These charges include severance accrued for the Company’s former chief executive officer and related payroll taxes, continuation of certain benefits and professional fees, totaling approximately

$0.9

million. The additional charges of

$0.7

million incurred related to transactional financial advisory fees, legal fees associated with defending an ongoing lawsuit with a competitor of the Company, professional fees associated with the acquisition of Thermal Kinetics and search fees associated with hiring a senior executive.