Annual report pursuant to Section 13 and 15(d)

RESTRUCTURING (Tables)

v3.21.1
RESTRUCTURING (Tables)
 12 Months Ended
Apr. 03, 2021
Restructuring and Related Activities [Abstract]  
Components of Restructuring Charges
The components of the restructuring charges are as follows:
Year Ended March
(In thousands) 2021 2020 2019
Severance and employee-related benefits $ 64,972  $ 21,899  $ 46,724 
Asset impairments 23,087  5,211  4,109 
Accelerated depreciation 11,266  —  — 
Inventory write-downs 10,658  1,119  2,171 
Contract termination and other 9,023  3,618  10,092 
Total restructuring charges $ 119,006  $ 31,847  $ 63,096 
Restructuring costs by business segment are as follows:
Year Ended March
(In thousands) 2021 2020 2019
Outdoor $ 14,081  $ 7,094  $ 38,952 
Active 20,958  3,210  13,579 
Work 31,907  2,193  5,587 
Other 52,060  19,350  4,978 
Total $ 119,006  $ 31,847  $ 63,096 
Activity in Restructuring Accrual
The activity in the restructuring accrual is as follows:
(In thousands) Severance Other Total
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 
Charges 64,972  9,393  74,365 
Cash payments and settlements (46,258) (4,285) (50,543)
Adjustments to accruals 3,206  (1,218) 1,988 
Impact of foreign currency (162) 166  4 
Accrual at March 2021 $ 59,810  $ 6,944  $ 66,754