Quarterly report pursuant to Section 13 or 15(d)

RESTRUCTURING (Tables)

v3.24.3
RESTRUCTURING (Tables)
 6 Months Ended
Sep. 28, 2024
Restructuring and Related Activities [Abstract]  
Schedule of Restructuring and Related Costs
The type of cost and respective location of restructuring charges related to Reinvent for the three and six months ended September 2024, and the cumulative charges recorded since the inception of Reinvent were as follows:
(In thousands) Three Months Ended September 2024 Six Months Ended September 2024
Cumulative Charges
Type of Cost Statement of Operations Location
Severance and employee-related benefits Selling, general and administrative expenses $ 8,158  $ 19,299  $ 84,121 
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 
Pension withdrawal Selling, general and administrative expenses 3,619  3,619  3,619 
Accelerated depreciation Selling, general and administrative expenses 18  879  879 
Accelerated depreciation Cost of goods sold —  17  17 
Total Reinvent Restructuring Charges $ 11,795  $ 25,389  $ 134,107 
The type of cost and respective location of Other Restructuring Charges for the three and six months ended September 2024 and 2023 were as follows:
Three Months Ended September Six Months Ended September
(In thousands) 2024 2023 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 154  435  591  454 
Total Other Restructuring Charges $ 154  $ 435  $ 591  $ 1,130 
Other Restructuring Charges by business segment were as follows:
Three Months Ended September Six Months Ended September
(In thousands) 2024 2023 2024 2023
Outdoor $ —  $ —  $ —  $ 242 
Active —  —  —  434 
Work —  —  —  — 
Corporate and other 154  435  591  454 
Total $ 154  $ 435  $ 591  $ 1,130 
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 six-month period ended September 2024 was as follows:
(In thousands) Severance Other Total
Accrual at March 2024 $ 60,160  $ 345  $ 60,505 
Charges 19,480  894  20,374 
Cash payments and settlements (23,041) (902) (23,943)
Adjustments to accruals (292) —  (292)
Impact of foreign currency 56  —  56 
Accrual at September 2024 $ 56,363  $ 337  $ 56,700