Hillman Solutions Corp. Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Restructuring Restructuring (Tables)

Restructuring Restructuring (Tables)

3 Months Ended

Mar. 28, 2020

Restructuring and Related Activities [Abstract]

The following is a summary of the charges incurred:



	Thirteen Weeks Ended March 28, 2020		Thirteen Weeks Ended March 30, 2019
Facility consolidation ⁽¹⁾
Labor expense	$	279	$	142
Consulting and legal fees	48		65
Other	717		39
Rent and related charges	639		85
Severance	49		—
Exit of certain lines of business ⁽²⁾
Loss (gain) on disposal of assets	—		(469		)
Other	—		74
Total	$	1,732	$	(64	)


(1)	Facility consolidation includes labor expense related to organizing inventory and equipment in preparation for the facility consolation, consulting and legal fees related to the project, and other expenses. These expenses were included in SG&A on the Condensed Consolidated Statement of Comprehensive Loss.

(2)

As part of the restructuring, the Company is exiting a manufacturing business line. Related charges included gains and losses on disposals of assets, and other expenses, which were included other income and expense, and SG&A on the Condensed Consolidated Statement of Comprehensive Loss, respectively.

Charges incurred include:



	Thirteen Weeks Ended March 28, 2020		Thirteen Weeks Ended March 30, 2019
Severance	$	131	$	—

Schedule of Restructuring Reserve by Type of Cost

The following represents the roll forward of restructuring reserves for the current period:



	Balance at December 28, 2019		Impact to Earnings	Cash Paid		Balance at March 28, 2020
Severance and related	$	1,121	49	(310	)	$	860

The following represents the roll forward of restructuring reserves for the current period:



	Balance at December 28, 2019		Impact to Earnings	Cash Paid		Balance at March 28, 2020
Severance and related	$	3,286	131	(1,284	)	$	2,133