XML 27 R11.htm IDEA: XBRL DOCUMENT
v3.21.1

Integration | 9 Months Ended
--- | ---
Mar. 27, 2021
Business Combinations [Abstract] |
Integration | INTEGRATION The Company did not incur integration costs during the three and nine months ended March 27, 2021. During the three and nine months ended March 28, 2020, the Company incurred integration costs of $3.4 million and $11.6 million. The charges recorded in Cost of sales for the nine months ended March 28, 2020 were $5.6 million. There were no charges recorded for the three months ended March 28, 2020. Of the amount recorded to Cost of sales for the nine months ended March 28, 2020, $4.3 million was recorded in the Stuart Weitzman segment, $1.2 million was recorded in the Kate Spade segment and $0.1 million was recorded in the Coach segment, respectively. The charges recorded to SG&A expenses for the three and nine months ended March 28, 2020 were $3.4 million and $6.0 million, respectively. Of the amount recorded to SG&A expenses, $2.9 million and $6.9 million was recorded within Corporate, $0.2 million and a reduction of expense of $1.9 million was recorded in the Stuart Weitzman segment, $0.3 million and $1.1 million was recorded in the Kate Spade segment and $0.0 million and a reduction of expense of $0.1 million was recorded in the Coach segment, respectively. Of the total costs of $3.4 million, a reduction of expense of $0.1 million were non-cash charges. Of the total costs of $11.6 million, $3.8 million were non-cash charges related to inventory charges, organization-related costs and purchase accounting adjustments. A summary of the integration charges for the three and nine months ended March 28, 2020 is as follows:
|  | Three Months Ended |  | Nine Months Ended
|  | March 28, 2020 |  | March 28, 2020
|  | (millions)
Purchase accounting adjustments(1) |  | $ | — |  |  | $ | 0.8 |
Inventory-related charges(2) |  | — |  |  | 4.9 |
Other(3) |  | 3.4 |  |  | 5.9 |
Total |  | $ | 3.4 |  |  | $ | 11.6 |
(1) Purchase accounting adjustments primarily relate to the short-term impact of the amortization of fair value adjustments. (2) Inventory-related charges primarily relate to inventory reserves. (3) Other primarily relates to share-based compensation, severance charges, professional fees and asset write-offs.

X
- Definition The entire description for costs incurred to effect a business combination that have been expensed during the period. Such costs could include business integration costs, systems integration and conversion costs, and severance and other employee-related costs. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -URI http://asc.fasb.org/topic&trid=2303972 + Details
Name: | us-gaap_BusinessAcquisitionIntegrationRestructuringAndOtherRelatedCostsTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_BusinessCombinationsAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration