The components of the restructuring charges are as follows:
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Three Months Ended June |
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(In thousands) |
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2023 |
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2022 |
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Severance and employee-related benefits |
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$ |
676Ìý |
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$ |
2,094Ìý |
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Accelerated depreciation |
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—Ìý |
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3,668Ìý |
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Contract termination and other |
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19Ìý |
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344Ìý |
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Total restructuring charges |
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$ |
695Ìý
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$ |
6,106Ìý
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Restructuring costs by business segment are as follows:
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Three Months Ended June |
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(In thousands) |
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2023 |
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2022 |
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Outdoor |
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$ |
242Ìý |
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$ |
—Ìý |
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Active |
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434Ìý |
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—Ìý |
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Work |
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—Ìý |
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—Ìý |
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Corporate and other |
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19Ìý |
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6,106Ìý |
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Total |
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$ |
695Ìý
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$ |
6,106Ìý
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The activity in the restructuring accrual for the three-month period ended June 2023 was as follows:
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(In thousands) |
Severance |
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Other |
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Total |
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Accrual at March 2023 |
$ |
38,721Ìý
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$ |
6,545Ìý
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$ |
45,266Ìý
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Charges |
676Ìý |
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—Ìý |
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676Ìý |
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Cash payments and settlements |
(9,305) |
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|
(4,041) |
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(13,346) |
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Adjustments to accruals |
(1,587) |
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|
(585) |
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(2,172) |
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Impact of foreign currency |
15Ìý |
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|
16Ìý |
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31Ìý |
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Accrual at June 2023 |
$ |
28,520Ìý
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$ |
1,935Ìý
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$ |
30,455Ìý
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