v3.26.1
RESTRUCTURING (Tables)
 6 Months Ended
Jul. 04, 2026
Restructuring and Related Activities [Abstract]  
Schedule of Components of Restructuring Charges
The following table summarizes the restructuring (gains) charges recorded during the three and six months ended June 2026 and June 2025:
Three Months Ended JuneSix Months Ended June
(In thousands)
2026202520262025
Severance and employee-related benefits$404 $2,801 $1,135 $5,280 
Other(13,173)518 (10,974)1,361 
Total restructuring (gains) charges$(12,769)$3,319 $(9,839)$6,641 
The following table presents the classification of these restructuring costs in the Company's statements of operations:
Three Months Ended JuneSix Months Ended June
(In thousands)2026202520262025
Cost of goods sold$(13,178)$515 $(10,350)$1,592 
Selling, general, and administrative expenses409 2,804 511 5,049 
Total restructuring (gains) charges$(12,769)$3,319 $(9,839)$6,641 
The following table presents these restructuring costs by business segment:
Three Months Ended JuneSix Months Ended June
(In thousands)
2026202520262025
Wrangler$250 $518 $418 $1,456 
Helly Hansen321 — 321 — 
Corporate and other(13,340)2,801 (10,578)5,185 
Total restructuring (gains) charges$(12,769)$3,319 $(9,839)$6,641 
Schedule of Activity in Restructuring
The following table presents activity in the restructuring accrual for the six-month period ended June 2026:
(In thousands)
Accrual at December 2025$8,516 
Charges(1)
3,600 
Cash payments(6,008)
Adjustments to accruals(1,340)
Currency translation5 
Balance, June 2026$4,773 
(1) For the six months ended June 2026, in addition to the $3.6 million in charges recorded to the restructuring accrual, the Company recorded approximately $1.9 million of non-cash and other charges related to the closure of a manufacturing facility and streamlining and transferring select production within our internal manufacturing network offset by a gain related to the sale of the manufacturing facility of $15.4 million.