Annual report pursuant to Section 13 and 15(d)

RESTRUCTURING (Tables)

v3.20.1
RESTRUCTURING (Tables)
 12 Months Ended
Mar. 28, 2020
Restructuring and Related Activities [Abstract]  
Components of Restructuring Charges
The components of the restructuring charges are as follows:
(In thousands)
 
Year Ended March 2020 Charges
 
 
Year Ended March 2019 Charges
 
Three Months Ended March 2018 Charges
 
Year Ended December 2017 Charges
Severance and employee-related benefits
 
$
21,899

 
 
$
46,724

 
$
11,472

 
$
11,723

Asset impairments
 
5,211

 
 
4,109

 
—

 
—

Inventory write-downs
 
1,119

 
 
2,171

 
—

 
—

Contract termination and other
 
3,618

 
 
10,092

 
—

 
4,436

Total restructuring charges
 
$
31,847

 
 
$
63,096

 
$
11,472

 
$
16,159


Restructuring costs by business segment are as follows:
(In thousands)
 
Year Ended March 2020 Charges
 
 
Year Ended March 2019 Charges
 
Three Months Ended March 2018 Charges
 
Year Ended December 2017 Charges
Outdoor
 
$
7,094

 
 
$
38,952

 
$
4,550

 
$
10,393

Active
 
3,210

 
 
13,579

 
—

 
2,400

Work
 
2,193

 
 
5,587

 
6,922

 
—

Corporate
 
19,350

 
 
4,978

 
—

 
3,366

Total
 
$
31,847

 
 
$
63,096

 
$
11,472

 
$
16,159


Activity in Restructuring Accrual
The activity in the restructuring accrual is as follows:
(In thousands)
 
Severance
 
Other
 
Total
 
Accrual at March 2018
 
$
27,407

 
$
444

 
$
27,851

 
Charges
 
46,724

 
10,092

 
56,816

 
Retained discontinued operations accruals
 
13,808

 
4,849

 
18,657

 
Cash payments and settlements
 
(26,054
)
 
(4,248
)
 
(30,302
)
 
Adjustments to accruals
 
(5,396
)
 
100

 
(5,296
)
 
Impact of foreign currency
 
(271
)
 
(235
)
 
(506
)
 
Accrual at March 2019
 
56,218

 
11,002

 
67,220

 
Charges
 
21,899

 
3,618

 
25,517

 
Cash payments and settlements
 
(39,728
)
 
(11,997
)
 
(51,725
)
 
Adjustments to accruals
 
2,181

 
1,159

 
3,340

 
Impact of foreign currency
 
(2,518
)
 
(894
)
 
(3,412
)
 
Accrual at March 2020
 
$
38,052

 
$
2,888

 
$
40,940