Note 17 - Severance, Professional Fees and Other Charges

9 Months Ended

Sep. 29, 2018

Notes to Financial Statements

Severance, Professional Fees and Other Charges Disclosure [Text Block]

17.

 

Severance

, Professional Fees

and Other Charges

The Company recorded

$1.4

million in severance, professional fees and other charges for the

thirty-nine

week period ended

September 29, 2018. 

These charges include severance accrued for the Company’s former chief executive officer and related payroll taxes, continuation of certain benefits and professional fees, totaling approximately

$0.9

million. The additional charges of

$0.5

million incurred related to transactional financial advisory fees, legal fees associated with defending an ongoing lawsuit with a competitor of the Company, and search fees associated with hiring a senior executive. The Company did

not

incur any such charges in the comparable prior year period.