RESTRUCTURING AND OTHER RELATED CHARGES (CREDITS)

12 Months Ended

Apr. 02, 2022

Restructuring and Related Activities [Abstract]

RESTRUCTURING AND OTHER RELATED CHARGES (CREDITS)

RESTRUCTURING AND OTHER RELATED CHARGES

Summary of Restructuring Plans

Fiscal Year 2022 Restructuring Plan

During Fiscal Year 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 to better align 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 consolidated statements of operations:

	Fiscal Year Ended
(in thousands)	April 2, 2022		April 3, 2021		March 28, 2020
Severance	$	20,539	$	26,467	$	29,777
Facility	(694)		3,274		3,247
Other (1)	5,436		3,803		10,207
Total cash charges	25,281		33,544		43,231
Non-cash charges (2)	9,656		15,160		10,946
Total restructuring and other related charges	$	34,937	$	48,704	$	54,177

(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 following table summarizes the Company's restructuring liabilities during Fiscal Year 2022:

	As of April 3, 2021		Accruals (1)		Cash Payments		As of April 2, 2022
Fiscal Year 2022 Plan
Severance	$	—	$	21,091	$	(17,422)	$	3,669
Facility	—		—		—		—
Other	—		5,464		(5,379)		85
Total Fiscal Year 2022 Plan	—		26,555		(22,801)		3,754
Fiscal Year 2021 Plan
Severance	$	6,039	$	(701)	$	(4,835)	$	503
Facility	913		(108)		(388)		417
Other	186		(28)		(158)		—
Total Fiscal Year 2021 Plan	7,138		(837)		(5,381)		920
Legacy Plans
Severance	1,222		149		(1,041)		330
Facility	3,281		(586)		(2,470)		225
Other	—		—		—		—
Total Legacy Plans	4,503		(437)		(3,511)		555
Severance	7,261		20,539		(23,298)		4,502
Facility	4,194		(694)		(2,858)		642
Other	186		5,436		(5,537)		85
Total	$	11,641	$	25,281	$	(31,693)	$	5,229

(1) Excludes non-cash charges of $9.7 million recorded in restructuring and other related charges in the consolidated statements of operations for Fiscal Year 2022.