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Segment Information (Tables)
9 Months Ended
Mar. 27, 2021
Segment Reporting [Abstract]  
Summary of Segment Performance
The following table summarizes segment performance for the three and nine months ended March 27, 2021 and March 28, 2020:
CoachKate
 Spade
Stuart Weitzman
Corporate(1)
Total
(millions)
Three Months Ended March 27, 2021     
Net sales$963.5 $252.4 $57.4 $ $1,273.3 
Gross profit718.0 160.2 33.7  911.9 
Operating income (loss)251.4 (8.7)(17.5)(108.5)116.7 
Income (loss) before provision for income taxes251.4 (8.7)(17.5)(129.8)95.4 
Depreciation and amortization expense(3)
32.1 14.1 5.4 14.9 66.5 
Additions to long-lived assets(4)
5.4 0.8 0.9 12.1 19.2 
Three Months Ended March 28, 2020     
Net sales$772.5 $249.5 $50.7 $— $1,072.7 
Gross profit(2)
475.7 122.5 18.0 — 616.2 
Operating income (loss)38.1 (91.3)(530.7)(101.6)(685.5)
Income (loss) before provision for income taxes38.1 (91.3)(530.7)(121.1)(705.0)
Depreciation and amortization expense(3)
42.0 42.1 487.5 13.6 585.2 
Additions to long-lived assets(4)
21.5 19.2 3.0 7.0 50.7 
Nine Months Ended March 27, 2021     
Net sales$3,064.2 $868.4 $198.3 $ $4,130.9 
Gross profit2,251.0 547.4 117.4  2,915.8 
Operating income (loss)933.4 73.3 (5.6)(292.8)708.3 
Income (loss) before provision for income taxes
933.4 73.3 (5.6)(346.0)655.1 
Depreciation and amortization expense(3)
80.4 35.8 10.8 42.2 169.2 
Additions to long-lived assets(4)
25.1 9.4 2.2 32.2 68.9 
Nine Months Ended March 28, 2020     
Net sales$3,008.3 $985.4 $252.9 $— $4,246.6 
Gross profit(2)
2,030.6 576.4 133.4 — 2,740.4 
Operating income (loss)620.4 (30.6)(540.4)(320.2)(270.8)
Income (loss) before provision for income taxes
620.4 (30.6)(540.4)(372.8)(323.4)
Depreciation and amortization expense(3)
121.1 84.1 505.2 39.8 750.2 
Additions to long-lived assets(4)
66.2 54.5 13.3 38.9 172.9 
(1)    Corporate, which is not a reportable segment, represents certain costs that are not directly attributable to a brand. These costs primarily include administration and certain information systems expense.
(2)    Gross profit reflects charges recorded within Cost of sales of $61.9 million within the Coach segment, $32.3 million within the Kate Spade segment and $9.8 million within the Stuart Weitzman segment for the three and nine months ended March 28, 2020 as a result of establishing inventory reserves directly related to the expected impact of Covid-19 on the Company's future sales projections. The non-cash portion of these charges are presented within Impairment charges on the Condensed Consolidated Statement of Cash Flows.
(3)    Depreciation and amortization expense includes $1.7 million and $2.0 million of Acceleration Program costs for the three and nine months ended March 27, 2021 and $0.0 million and $0.2 million of integration costs recorded within the Kate Spade segment for the three and nine months ended March 28, 2020, respectively. Depreciation and amortization expense
includes impairment charges of $11.9 million for Coach, $21.0 million for Kate Spade and $482.4 million for Stuart Weitzman for the three months ended March 28, 2020, as a result of impairment of Stuart Weitzman intangible assets as well as store impairments due to the Covid-19 pandemic. Depreciation and amortization expense includes impairment charges of $31.4 million for Coach, $33.0 million for Kate Spade and $490.7 million for Stuart Weitzman for the nine months ended March 28, 2020. Refer to Note 7, "Goodwill and Other Intangible Assets" and Note 13, "Fair Value Measurements," for further information. Depreciation and amortization expense for the segments includes an allocation of expense related to assets which support multiple segments.(4)    Additions to long-lived assets for the reportable segments primarily includes store assets as well as assets that support a specific brand. Corporate additions include all other assets which include a combination of Corporate assets, as well as assets that may support all segments. As such, depreciation expense for these assets may be subsequently allocated to a reportable segment.