RESTRUCTURING AND OTHER RELATED CHARGES

9 Months Ended

Jan. 01, 2022

Restructuring and Related Activities [Abstract]

Summary of Restructuring Plans

Fiscal Year 2022 Restructuring Plan

During the nine months ended January 1, 2022, the Company committed to actions to reduce expenses to enable strategic investments in revenue growth. The costs incurred to date under this plan include severance benefits related to headcount reductions in the Company's global workforce and facility related charges due to the closure or consolidation of offices.

Fiscal Year 2021 Restructuring Plan

During Fiscal Year 2021, the Company committed to additional actions to reduce expenses and align its overall cost structure better with projected revenue levels, as well as reorganize its executive management to align to its new Chief Executive Officer's management structure. The costs incurred to date under this plan include severance benefits related to headcount reductions in the Company's global workforce and facility related charges due to the closure or consolidation of leased offices.

Legacy Restructuring Plans

In connection with the Polycom acquisition, in Fiscal Years 2019 and 2020 the Company initiated actions to rationalize post-acquisition operations and realign its cost structure. These actions included streamlining the global workforce, closure or consolidation of leased offices and distribution centers, consumer product portfolio optimization efforts, and legal entity rationalization.

The following table summarizes the restructuring and other related charges recognized in the Company's condensed consolidated statements of operations:


	Three Months Ended				Nine Months Ended
(in thousands)	January 1, 2022		December 26, 2020		January 1, 2022		December 26, 2020
Severance	$	191	$	3,969	$	19,592	$	27,161
Facility	—		1,658		(503)		3,300
Other (1)	374		1,107		5,285		3,416
Total cash charges	565		6,734		24,374		33,877
Non-cash charges (2)	1,833		7,243		9,603		15,600
Total restructuring and other related charges	$	2,398	$	13,977	$	33,977	$	49,477

(1) Other costs primarily represent associated legal and advisory services.

(2) Non-cash charges primarily represent accelerated depreciation due to the closure or consolidation of facilities.

The Company's restructuring liabilities as of January 1, 2022 are as follows:


(in thousands)	As of April 3, 2021		Accruals (1)		Cash Payments		As of January 1, 2022
Fiscal Year 2022 Plan
Severance	$	—	$	20,281	$	(15,577)	$	4,704
Facility	—		—		—		—
Other	—		5,313		(5,228)		85
Total Fiscal Year 2022 Plan	$	—	$	25,594	$	(20,805)	$	4,789

Fiscal Year 2021 Plans
Severance	$	6,039	$	(720)	$	(3,475)	$	1,844
Facility	913		83		(465)		531
Other	186		(28)		(158)		—
Total Fiscal Year 2021 Plans	$	7,138	$	(665)	$	(4,098)	$	2,375

Legacy Plans
Severance	$	1,222	$	31	$	(813)	$	440
Facility	3,281		(586)		(1,799)		896
Other	—		—		—		—
Total Legacy Plans	$	4,503	$	(555)	$	(2,612)	$	1,336

Total
Severance	$	7,261	$	19,592	$	(19,865)	$	6,988
Facility	4,194		(503)		(2,264)		1,427
Other	186		5,285		(5,386)		85
Grand Total	$	11,641	$	24,374	$	(27,515)	$	8,500

(1) Excludes non-cash charges of $9.6 million recorded in restructuring and other related charges in the condensed consolidated statements of operations for the nine months ended January 1, 2022.