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Impairment of Assets
12 Months Ended
Mar. 31, 2018
Asset Impairment Charges [Abstract]  
Impairments of Assets
Impairment of Assets
During Fiscal 2018, the Company recorded non-cash impairment charges of $41.2 million to write off certain fixed assets related to its domestic and international stores, shop-within-shops, and corporate offices, of which $16.0 million was recorded in connection with the Way Forward Plan (see Note 9) and $25.2 million was recorded in connection with underperforming stores and shop-within-shops as a result of its on-going store portfolio evaluation. Additionally, as a result of a change in the planned usage of a certain intangible asset, the Company recorded a non-cash impairment charge of $8.8 million to reduce the carrying value of the intangible asset to its estimated fair value.
During Fiscal 2017, the Company recorded non-cash impairment charges of $248.6 million to write off certain fixed assets related to its domestic and international stores, shop-within-shops, and corporate offices, as well as its in-house global digital commerce platform which was in development, of which $234.6 million was recorded in connection with the Way Forward Plan (see Note 9) and $14.0 million was recorded in connection with underperforming stores that were subject to potential future closure. Additionally, as a result of the realignment of its segment reporting structure, the Company recorded a non-cash goodwill impairment charge of $5.2 million during Fiscal 2017.
During Fiscal 2016, the Company recorded non-cash impairment charges of $48.8 million, primarily to write off certain fixed assets related to its domestic and international stores and shop-within-shops, of which $27.2 million was recorded in connection with the Global Reorganization Plan (see Note 9) and $21.6 million was recorded in connection with underperforming stores that were subject to potential future closure.
See Note 12 for further discussion of the non-cash impairment charges recorded during the fiscal years presented.