RESTRUCTURING

3 Months Ended

Apr. 03, 2021

Restructuring and Related Activities [Abstract]

The Company has various initiatives and programs in place within its business units to reduce selling, general, and administrative expenses (“SG&A”), manufacturing costs and to optimize the Company’s combined manufacturing footprint. During the three months ended April 3, 2021, the Company incurred restructuring charges of $0.9 million, $0.1 million and $0.7 million in the Windows, Siding and Commercial segments, respectively, and $0.1 million in restructuring charges at Corporate headquarters. Restructuring charges incurred to date since inception of the current restructuring initiatives began in 2019 are $54.2 million. The following table summarizes our restructuring plan costs and charges related to the restructuring plans for the three months ended April 3, 2021 and costs incurred to date since inception of the new initiatives and programs (in thousands):


	Three Months Ended		Costs Incurred to Date
	April 3, 2021		(Since inception)
Severance	$	1,322	$	37,553
Asset impairments	493		8,361
Gain on sale of facilities, net	—		(1,298)
Other restructuring costs	23		9,559
Total restructuring costs	$	1,838	$	54,175

For the three months ended April 3, 2021, the $1.8 million restructuring costs are recorded within restructuring and impairment costs. The asset impairments of $0.5 million for the three months ended April 3, 2021 are comprised primarily of the write-off of previously capitalized website design costs.

The following table summarizes our severance liability, included within other accrued expenses on the consolidated balance sheets, and cash payments made pursuant to the restructuring plans from inception through April 3, 2021 (in thousands):


	Windows		Siding		Commercial		Corporate		Total
Balance, December 31, 2018	$	—	$	85	$	—	$	2,333	$	2,418
Costs incurred	1,094		1,834		2,721		4,009		9,658
Cash payments	(676)		(1,437)		(2,721)		(4,579)		(9,413)
Balance, December 31, 2019	$	418	$	482	$	—	$	1,763	$	2,663
Costs incurred	4,294		2,705		16,561		3,013		26,573
Cash payments	(4,406)		(2,352)		(14,570)		(4,346)		(25,674)
Balance, December 31, 2020	$	306	$	835	$	1,991	$	430	$	3,562
Costs incurred	651		118		480		73		1,322
Cash payments	(427)		(644)		(774)		(73)		(1,918)
Balance, April 3, 2021	$	530	$	309	$	1,697	$	430	$	2,966

We expect to fully execute our plans over the next 12 to 24 months and we may incur future additional restructuring charges associated with these plans.