National Vision Holdings, Inc.
For the period ended Mar 29, 2025. Filed May 8, 2025.
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Mar 29, 2025 · Filed May 8, 2025
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3. Severance Benefits
- Severance Benefits
During the three months ended March 29, 2025, we recognized $2.1 million related to severance benefits for certain associates in the Corporate and other category within Selling, general and administrative expenses in the Condensed Consolidated Statements of Operations and Comprehensive Income. These charges were recognized in accordance with FASB guidance on employers’ accounting for postemployment benefits and guidance on accounting for costs associated with exit or disposal activities, as appropriate. As of March 29, 2025, we had $1.5 million remaining liability in Other payables and accrued expenses in the Condensed Consolidated Balance Sheets for benefits remaining to be paid to affected associates.
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