Quarterly report pursuant to Section 13 or 15(d)

RESTRUCTURING (Tables)

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RESTRUCTURING (Tables)
 3 Months Ended
Jun. 29, 2024
Restructuring and Related Activities [Abstract]  
Schedule of Components of Restructuring Charges, Other Restructuring Charges, Restructuring Costs by Business Segment and Activity in Restructuring Accrual
The activity in the restructuring accrual related to Reinvent and Other Restructuring Charges for the three-month period ended June 2024 was as follows:
(In thousands) Severance Other Total
Accrual at March 2024 $ 60,331  $ 345  $ 60,676 
Charges 11,322  894  12,216 
Cash payments and settlements (13,527) (897) (14,424)
Adjustments to accruals (180) —  (180)
Impact of foreign currency (15) —  (15)
Accrual at June 2024 $ 57,931  $ 342  $ 58,273 
Restructuring and Related Costs
The type of cost and respective location of restructuring charges related to Reinvent for the three months ended June 2024 and the cumulative charges recorded since the inception of Reinvent were as follows:
(In thousands) Three Months Ended June 2024
Cumulative Charges
Type of Cost Statement of Operations Location
Severance and employee-related benefits Selling, general and administrative expenses $ 11,141  $ 75,963 
Severance and employee-related benefits Cost of goods sold 181  4,691 
Contract termination and other Selling, general and administrative expenses 737  737 
Contract termination and other Cost of goods sold 157  157 
Asset impairments and write-downs Selling, general and administrative expenses 500  39,886 
Accelerated depreciation Selling, general and administrative expenses 861  861 
Accelerated depreciation Cost of goods sold 17  17 
Total Reinvent Charges $ 13,594  $ 122,312 
The type of cost and respective location of Other Restructuring Charges for the three months ended June 2024 and 2023 were as follows:
Three Months Ended June
(In thousands) 2024 2023
Type of Cost Statement of Operations Location
Severance and employee-related benefits Selling, general and administrative expenses $ —  $ 676 
Contract termination and other Selling, general and administrative expenses 437  19 
Total Other Restructuring Charges $ 437  $ 695 
Other Restructuring Charges by business segment were as follows:
Three Months Ended June
(In thousands) 2024 2023
Outdoor $ —  $ 242 
Active —  434 
Work —  — 
Corporate and other 437  19 
Total $ 437  $ 695