Restructuring and Related Charges

6 Months Ended

Jun. 24, 2016

Restructuring and Related Charges

Restructuring and Related Charges

(12) Restructuring and Related Charges

In September 2014, we commenced certain restructuring activities in order to achieve important business objectives, including reducing overhead costs, improving efficiency, and reducing risk (“2014 Restructuring Plan”). These restructuring activities, which continued into 2015, included such items as a voluntary retirement program, workforce reductions, facilities consolidations and closures, and evaluation of certain lines of business.  During the three and six months ended June 26, 2015, we incurred $9.6 million and $17.5 million of costs, respectively, for these restructuring activities, which have been included in selling, general and administration expense on the consolidated statements of income.  The restructuring activities under the 2014 Restructuring Plan were substantially complete as of December 25, 2015, and as such no restructuring costs were incurred during the three and six months ended June 24, 2016.  As of June 24, 2016 and December 25, 2015, the provision for restructuring costs was $21.9 million and $32.4 million, respectively, and were primarily related to accruals for facilities costs that will be paid over the remaining term of the leases which we have exitedand therefore will extend through2028.