Annual report pursuant to Section 13 and 15(d)

Restructuring (Tables)

v3.19.1
Restructuring (Tables)
 12 Months Ended
Dec. 29, 2018
Restructuring Cost and Reserve [Line Items]  
Restructuring and Related Costs [Table Text Block]
 
Year Ended
December 29, 2018
Facility consolidation (1)
 
Inventory valuation adjustments
8,694

Labor expense
503

Consulting and legal fees
314

Other
116

Gain on sale of building
(6,104
)
 
 
Exit of certain lines of business (2)
 
Inventory valuation adjustments
1,152

Asset impairments
837

Severance
2,749

Total
8,261

(1)
Facility consolidation includes inventory valuation adjustments associated with SKU rationalization, labor expense related to organizing inventory and equipment in preparation for the facility consolation, consulting and legal fees related to the project, the gain on the sale of an existing building, and other expenses. The labor, consulting, and legal expenses were included in selling, general and administrative expense ("SG&A") on the condensed consolidated statement of comprehensive income (loss). The inventory valuation adjustments were included in cost of goods sold on the condensed consolidated statement of comprehensive income (loss).
(2)
As part of the restructuring, the Company is exiting a manufacturing business line. Related charges included adjustments to write inventory down to net realizable value, asset impairment charges, and employee severance, which were included in cost of goods sold, other income and expense, and SG&A on the condensed consolidated statement of comprehensive income (loss), respectively.
Schedule of Restructuring Reserve by Type of Cost [Table Text Block]
The following represents the roll forward of restructuring reserves for the year ended December 29, 2018:
 
Balance as of December 30, 2017
Impact to Earnings
Cash Paid
Balance as of December 29, 2018
Severance and related expense
—

2,749

(1,212
)
1,537