Quarterly report pursuant to Section 13 or 15(d)

RESTRUCTURING (Tables)

v3.24.0.1
RESTRUCTURING (Tables)
 9 Months Ended
Dec. 30, 2023
Restructuring and Related Activities [Abstract]  
Schedule of Activity in Restructuring
The components of the restructuring charges are as follows:
Three Months Ended December Nine Months Ended December
(In thousands) 2023 2022 2023 2022
Severance and employee-related benefits $ 31,602  $ 10,607  $ 32,278  $ 50,165 
Asset impairments and write-downs 18,739  —  18,739  — 
Accelerated depreciation —  25  —  7,276 
Contract termination and other 435  460  889  5,563 
Total restructuring charges $ 50,776  $ 11,092  $ 51,906  $ 63,004 
Restructuring costs by business segment are as follows:
Three Months Ended December Nine Months Ended December
(In thousands) 2023 2022 2023 2022
Outdoor $ —  $ 391  $ 242  $ 887 
Active —  —  434  1,478 
Work —  —  —  9 
Corporate and other 50,776  10,701  51,230  60,630 
Total $ 50,776  $ 11,092  $ 51,906  $ 63,004 
The activity in the restructuring accrual for the nine-month period ended December 2023 was as follows:
(In thousands) Severance Other Total
Accrual at March 2023 $ 38,721  $ 6,545  $ 45,266 
Charges 32,278  —  32,278 
Cash payments and settlements (24,574) (4,839) (29,413)
Adjustments to accruals (2,398) (582) (2,980)
Impact of foreign currency 37  26  63 
Accrual at December 2023 $ 44,064  $ 1,150  $ 45,214