XML 38 R26.htm IDEA: XBRL DOCUMENT v3.8.0.1
Summary of Significant Accounting Policies (Tables)
9 Months Ended
Dec. 30, 2017
Summary of Significant Accounting Policies (Tables) [Abstract]  
Shipping and Handling Charges
A summary of shipping and handling costs recognized during the three-month and nine-month periods ended December 30, 2017 and December 31, 2016 is as follows:
 
 
Three Months Ended
 
Nine Months Ended
 
 
December 30,
2017
 
December 31,
2016
 
December 30,
2017
 
December 31,
2016
 
 
(millions)
Shipping costs
 
$
11.7

 
$
12.8

 
$
28.4

 
$
32.2

Handling costs
 
39.7

 
44.1

 
115.3

 
127.8

Summary of Basic and Diluted shares
The weighted-average number of common shares outstanding used to calculate basic net income (loss) per common share is reconciled to shares used to calculate diluted net income (loss) per common share as follows:
 
 
Three Months Ended
 
Nine Months Ended
 
 
December 30,
2017
 
December 31,
2016
 
December 30,
2017
 
December 31,
2016
 
 
(millions)
Basic shares
 
81.7

 
82.6

 
81.7

 
82.9

Dilutive effect of stock options and RSUs
 

(a) 
0.7

 
0.8

 
0.7

Diluted shares
 
81.7

 
83.3

 
82.5

 
83.6


 
 
(a) 
Incremental shares of 0.9 million attributable to outstanding stock options and RSUs were excluded from the computation of diluted shares for the three months ended December 30, 2017, as such shares would not be dilutive as a result of the net loss incurred during the period.
Sales Returns and Allowances [Member]  
Summary of Significant Accounting Policies (Tables) [Abstract]  
Rollforward of activity in the Company's allowance for doubtful accounts and its aggregate reserves for returns, discounts, end-of-season markdowns, operational chargebacks, and certain cooperative advertising allowances
A rollforward of the activity in the Company's reserves for returns, discounts, end-of-season markdowns, operational chargebacks, and certain cooperative advertising allowances is presented below:
 
 
Three Months Ended
 
Nine Months Ended
 
 
December 30,
2017
 
December 31,
2016
 
December 30,
2017
 
December 31,
2016
 
 
(millions)
Beginning reserve balance
 
$
231.5

 
$
228.9

 
$
202.8

 
$
239.7

Amount charged against revenue to increase reserve
 
125.3

 
151.8

 
418.6

 
479.6

Amount credited against customer accounts to decrease reserve
 
(155.6
)
 
(171.8
)
 
(427.8
)
 
(511.1
)
Foreign currency translation
 
0.4

 
(7.8
)
 
8.0

 
(7.1
)
Ending reserve balance
 
$
201.6

 
$
201.1

 
$
201.6

 
$
201.1

Allowance for Doubtful Accounts [Member]  
Summary of Significant Accounting Policies (Tables) [Abstract]  
Rollforward of activity in the Company's allowance for doubtful accounts and its aggregate reserves for returns, discounts, end-of-season markdowns, operational chargebacks, and certain cooperative advertising allowances
A rollforward of the activity in the Company's allowance for doubtful accounts is presented below:
 
 
Three Months Ended
 
Nine Months Ended
 
 
December 30,
2017
 
December 31,
2016
 
December 30,
2017
 
December 31,
2016
 
 
(millions)
Beginning reserve balance
 
$
17.3

 
$
15.8

 
$
11.6

 
$
14.5

Amount recorded to expense to increase reserve(a)
 
0.1

 
0.1

 
6.4

 
6.1

Amount written-off against customer accounts to decrease reserve
 
(0.4
)
 
(3.3
)
 
(1.8
)
 
(7.9
)
Foreign currency translation
 

 
(0.7
)
 
0.8

 
(0.8
)
Ending reserve balance
 
$
17.0

 
$
11.9

 
$
17.0

 
$
11.9

 
(a) 
Amounts recorded to bad debt expense are included within SG&A expenses in the consolidated statements of operations.