Annual report pursuant to Section 13 and 15(d)

RESTRUCTURING (Tables)

v3.22.1
RESTRUCTURING (Tables)
 12 Months Ended
Apr. 02, 2022
Restructuring and Related Activities [Abstract]  
Components of Restructuring Charges
The components of the restructuring charges are as follows:
Year Ended March
(In thousands) 2022 2021 2020
Severance and employee-related benefits $ 12,283  $ 64,972  $ 21,899 
Asset impairments —  23,087  5,211 
Accelerated depreciation 7,016  11,266  — 
Inventory write-downs —  10,658  1,119 
Contract termination and other 703  9,023  3,618 
Total restructuring charges $ 20,002  $ 119,006  $ 31,847 
Restructuring costs by business segment are as follows:
Year Ended March
(In thousands) 2022 2021 2020
Outdoor $ 4,523  $ 14,081  $ 7,094 
Active 1,008  20,958  3,210 
Work 2,315  31,907  2,193 
Other 12,156  52,060  19,350 
Total $ 20,002  $ 119,006  $ 31,847 
Activity in Restructuring Accrual
The activity in the restructuring accrual is as follows:
(In thousands) Severance Other Total
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 
Charges 12,283  703  12,986 
Cash payments and settlements (43,886) (5,694) (49,580)
Adjustments to accruals (2,320) (647) (2,967)
Impact of foreign currency (247) (95) (342)
Accrual at March 2022 $ 25,640  $ 1,211  $ 26,851