Restructuring Plans

9 Months Ended

Nov. 03, 2018

Restructuring And Related Activities [Abstract]

Restructuring Plans

7. Restructuring Plans

The Company incurred restructuring charges in Fiscal 2018 and Fiscal 2017 related to the Hi-Tec Acquisition and its integration into the Company’s ongoing operations (the “Hi-Tec Plan”), including $0.1 million of severance costs in the three months ended April 29, 2017.  Restructuring charges were also incurred in the fourth quarter of Fiscal 2018 as the Company’s staff was realigned to appropriately support its then current business (the “Cherokee Plan”).  Furthermore, during the three months ended August 4, 2018, the Company took additional steps designed to improve its organizational efficiencies by eliminating redundant positions and unneeded facilities, and by terminating various consulting and marketing contracts (the “FY 2019 Plan”).  The FY 2019 Plan resulted in a $5.6 million charge to earnings in the three months ended August 4, 2018, comprising $3.8 million for terminated contracts and leases, $1.2 million for severance and $0.6 million of professional fees.

Charges and payments against the restructuring plan obligations were as follows:

(In thousands)	Cherokee Plan			Hi-Tec Plan			FY 2019 Plan
Balance, February 3, 2018	$	1,031		$	2,501		$	—
Restructuring charges		—			—			5,615
Payments during the period		(932	)		(1,923	)		(2,433	)
Balance, November 3, 2018	$	99		$	578		$	3,182