Annual report pursuant to Section 13 and 15(d)

RESTRUCTURING (Tables)

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RESTRUCTURING (Tables)
12 Months Ended
Mar. 30, 2024
Restructuring and Related Activities [Abstract]  
Schedule of Activity in Restructuring
The components of the restructuring charges are as follows:
Year Ended March
(In thousands) 2024 2023 2022
Severance and employee-related benefits $ 70,008  $ 57,433  $ 12,283 
Asset impairments and write-downs 39,386  —  — 
Accelerated depreciation —  8,016  7,016 
Contract termination and other 1,326  10,289  703 
Total restructuring charges $ 110,720  $ 75,738  $ 20,002 
Restructuring costs by business segment are as follows:
Year Ended March
(In thousands) 2024 2023 2022
Outdoor $ 242  $ 1,088  $ 4,523 
Active 434  1,478  1,008 
Work —  2,315 
Corporate and other 110,044  73,163  12,156 
Total $ 110,720  $ 75,738  $ 20,002 
The activity in the restructuring accrual was as follows:
(In thousands) Severance Other Total
Accrual at March 2022 $ 25,640  $ 1,211  $ 26,851 
Charges 57,433  5,190  62,623 
Cash payments and settlements (41,338) (345) (41,683)
Adjustments to accruals (3,236) 40  (3,196)
Impact of foreign currency 222  449  671 
Accrual at March 2023 38,721  6,545  45,266 
Charges 70,008  —  70,008 
Cash payments and settlements (42,684) (5,923) (48,607)
Adjustments to accruals (5,660) (287) (5,947)
Impact of foreign currency (54) 10  (44)
Accrual at March 2024 $ 60,331  $ 345  $ 60,676