XML 47 R32.htm IDEA: XBRL DOCUMENT
v3.8.0.1

Goodwill and Other Intangible Assets (Tables) | 12 Months Ended
--- | ---
Mar. 31, 2018
Goodwill and Intangible Assets Disclosure [Abstract] |
Goodwill | The following table details the changes in goodwill for each of the Company's segments during Fiscal 2018 and Fiscal 2017:
|  | Wholesale |  | Retail |  | Licensing |  | North America |  | Europe |  | Asia |  | Other Non-reportable Segments |  | Total
|  | (millions)
Balance at April 2, 2016 |  | $ | 581.8 |  |  | $ | 202.8 |  |  | $ | 133.3 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 917.9 |
Foreign currency translation |  | (14.3 | ) |  | (2.6 | ) |  | (1.3 | ) |  | — |  |  | — |  |  | — |  |  | — |  |  | (18.2 | )
Balance at December 31, 2016 |  | 567.5 |  |  | 200.2 |  |  | 132.0 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 899.7 |
Segment reallocation(a) |  | (567.5 | ) |  | (200.2 | ) |  | (132.0 | ) |  | 421.8 |  |  | 269.2 |  |  | 71.5 |  |  | 137.2 |  |  | — |
Impairments |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | (5.2 | ) |  | (5.2 | )
Foreign currency translation |  | — |  |  | — |  |  | — |  |  | — |  |  | 6.7 |  |  | 3.4 |  |  | — |  |  | 10.1 |
Balance at April 1, 2017 |  | — |  |  | — |  |  | — |  |  | 421.8 |  |  | 275.9 |  |  | 74.9 |  |  | 132.0 |  |  | 904.6 |
Foreign currency translation |  | — |  |  | — |  |  | — |  |  | — |  |  | 42.0 |  |  | 3.9 |  |  | — |  |  | 45.9 |
Balance at March 31, 2018 |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 421.8 |  |  | $ | 317.9 |  |  | $ | 78.8 |  |  | $ | 132.0 |  |  | $ | 950.5 |
(a) | In connection with the realignment of the Company's segment reporting structure, the Company reallocated the carrying amount of goodwill to its new reporting units based upon each reporting unit's relative fair value as of the first day of its fourth quarter of Fiscal 2017.
Other Intangible Assets | Other intangible assets consist of the following:
|  | March 31, 2018 |  | April 1, 2017
|  | Gross Carrying Amount |  | Accum. Amort. |  | Net |  | Gross Carrying Amount |  | Accum. Amort. |  | Net
|  | (millions)
Intangible assets subject to amortization: |  |  |  |  |  |  |  |  |  |  |  |
Re-acquired licensed trademarks |  | $ | 232.7 |  |  | $ | (140.0 | ) |  | $ | 92.7 |  |  | $ | 231.1 |  |  | $ | (130.2 | ) |  | $ | 100.9 |
Customer relationships |  | 256.5 |  |  | (171.4 | ) |  | 85.1 |  |  | 252.1 |  |  | (152.9 | ) |  | 99.2 |
Other |  | 10.1 |  |  | (7.2 | ) |  | 2.9 |  |  | 26.9 |  |  | (14.5 | ) |  | 12.4 |
Total intangible assets subject to amortization |  | 499.3 |  |  | (318.6 | ) |  | 180.7 |  |  | 510.1 |  |  | (297.6 | ) |  | 212.5 |
Intangible assets not subject to amortization: |  |  |  |  |  |  |  |  |  |  |  |
Trademarks and brands |  | 7.3 |  |  | N/A |  |  | 7.3 |  |  | 7.3 |  |  | N/A |  |  | 7.3 |
Total intangible assets |  | $ | 506.6 |  |  | $ | (318.6 | ) |  | $ | 188.0 |  |  | $ | 517.4 |  |  | $ | (297.6 | ) |  | $ | 219.8 |
Amortization | Based on the balance of the Company's intangible assets subject to amortization as of March 31, 2018, the expected amortization expense for each of the next five fiscal years and thereafter is as follows:
|  | Amortization Expense
|  | (millions)
Fiscal 2019 |  | $ | 23.6 |
Fiscal 2020 |  | 22.9 |
Fiscal 2021 |  | 20.1 |
Fiscal 2022 |  | 18.1 |
Fiscal 2023 |  | 14.4 |
Fiscal 2024 and thereafter |  | 81.6 |
Total |  | $ | 180.7 |

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

X
- Definition Tabular disclosure of assets, excluding financial assets and goodwill, lacking physical substance with a finite life, by either major class or business segment. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 2 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=66006027&loc=d3e16323-109275 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 1 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=66006027&loc=d3e16265-109275 + Details
Name: | us-gaap_ScheduleOfFiniteLivedIntangibleAssetsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of goodwill by reportable segment and in total which includes a rollforward schedule. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=35741047&loc=d3e13816-109267 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=35741047&loc=d3e13854-109267 + Details
Name: | us-gaap_ScheduleOfGoodwillTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the amount of amortization expense expected to be recorded in succeeding fiscal years for finite-lived intangible assets. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 2 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=66006027&loc=d3e16323-109275 + Details
Name: | us-gaap_ScheduleofFiniteLivedIntangibleAssetsFutureAmortizationExpenseTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration