Quarterly report pursuant to Section 13 or 15(d)

RESTRUCTURING (Tables)

v3.23.3
RESTRUCTURING (Tables)
 6 Months Ended
Sep. 30, 2023
Restructuring and Related Activities [Abstract]  
Schedule of Activity in Restructuring
The components of the restructuring charges are as follows:
Three Months Ended September Six Months Ended September
(In thousands) 2023 2022 2023 2022
Severance and employee-related benefits $ —  $ 37,464  $ 676  $ 39,558 
Accelerated depreciation —  3,583  —  7,251 
Contract termination and other 435  4,759  454  5,103 
Total restructuring charges $ 435  $ 45,806  $ 1,130  $ 51,912 
Restructuring costs by business segment are as follows:
Three Months Ended September Six Months Ended September
(In thousands) 2023 2022 2023 2022
Outdoor $ —  $ 496  $ 242  $ 496 
Active —  1,478  434  1,478 
Work —  9  —  9 
Corporate and other 435  43,823  454  49,929 
Total $ 435  $ 45,806  $ 1,130  $ 51,912 
The activity in the restructuring accrual for the six-month period ended September 2023 was as follows:
(In thousands) Severance Other Total
Accrual at March 2023 $ 38,721  $ 6,545  $ 45,266 
Charges 676  —  676 
Cash payments and settlements (16,440) (4,380) (20,820)
Adjustments to accruals (3,015) (582) (3,597)
Impact of foreign currency (52) —  (52)
Accrual at September 2023 $ 19,890  $ 1,583  $ 21,473