Restructuring Actions

9 Months Ended

Sep. 27, 2020

During 2018, the Company announced a comprehensive restructuring plan which consisted of re-designing its go-to market strategy and re-shaping its organization to become a more responsive, innovative and digitally-driven play and entertainment company. As part of this process the Company took certain actions, which continued through 2019. The actions primarily included headcount reduction aimed at right-sizing the Company’s cost-structure and giving it the ability to add required new talent in the future.

In connection with the eOne Acquisition, in the first nine months of 2020, the Company recorded severance and other employee charges related to the integration of eOne. Charges related to the eOne restructuring costs were recorded within acquisition and related charges on the Consolidated Statements of Operations for the quarter and nine months ended June 28, 2020, and reported within Corporate and Eliminations.

In the first nine months of 2020, the Company recorded severance charges of $11,554 associated with cost-savings initiatives within the Company's commercial and Film and TV businesses. These charges were included within selling, distribution and administrative costs on the Consolidated Statement of Operations for the nine months ended September 27, 2020, and reported within Corporate and Eliminations.

The detail of activity related to the programs for the nine months ended September 27, 2020 is as follows:


	2018 Restructuring Program		eOne Integration Program	Other	Total
Remaining amounts to be paid as of December 29, 2019	$	31,113	—	—	$	31,113
2020 restructuring charges	—		20,832	11,554	32,386

Payments made in the first nine months of 2020	(17,510)		(8,223)	(1,096)	(26,829)

Remaining amounts as of September 27, 2020	$	13,603	12,609	10,458	$	36,670