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Summary of Significant Accounting Policies (Tables)

12 Months Ended

Mar. 28, 2020

Summary of Significant Accounting Policies (Tables) [Abstract]

Contractually-Guaranteed Minimum Royalties

As of March 28, 2020, contractually-guaranteed minimum royalty amounts expected to be recognized as revenue during future periods were as follows:

		Contractually-Guaranteed Minimum Royalties(a)
		(millions)
Fiscal 2021		$	119.0
Fiscal 2022		80.7
Fiscal 2023		45.1
Fiscal 2024		27.2
Fiscal 2025 and thereafter		1.1
Total		$	273.1

^(a) 

Amounts presented do not contemplate anticipated contract renewals or royalties earned in excess of the contractually guaranteed minimums.

Disaggregation of Revenue

Disaggregated Net Revenues

The following tables disaggregate the Company's net revenues into categories that depict how the nature, amount, timing, and uncertainty of revenues and cash flows are affected by economic factors for the fiscal periods presented:

		Fiscal Year Ended
		March 28, 2020
		North America				Europe				Asia				Other				Total
		(millions)
Sales Channel(a):
Retail		$	1,727.3			$	874.6			$	948.0			$	191.0			$	3,740.9
Wholesale		1,413.2				757.6				69.2				10.8				2,250.8
Licensing		—				—				—				168.1				168.1
Total		$	3,140.5			$	1,632.2			$	1,017.2			$	369.9			$	6,159.8

		Fiscal Year Ended
		March 30, 2019
		North America				Europe				Asia				Other				Total
		(millions)
Sales Channel(a):
Retail		$	1,688.5			$	881.1			$	969.9			$	208.3			$	3,747.8
Wholesale		1,514.4				801.9				71.1				5.1				2,392.5
Licensing		—				—				—				172.7				172.7
Total		$	3,202.9			$	1,683.0			$	1,041.0			$	386.1			$	6,313.0

		Fiscal Year Ended
		March 31, 2018
		North America				Europe				Asia				Other				Total
		(millions)
Sales Channel(a):
Retail		$	1,659.6			$	857.9			$	874.1			$	224.8			$	3,616.4
Wholesale		1,571.4				750.4				59.6				7.8				2,389.2
Licensing		—				—				—				176.7				176.7
Total		$	3,231.0			$	1,608.3			$	933.7			$	409.3			$	6,182.3

^(a) 

Net revenues from the Company's retail and wholesale businesses are recognized at a point in time. Net revenues from the Company's licensing business are recognized over time.

Shipping and Handling Charges

A summary of shipping and handling costs is as follows:

		Fiscal Years Ended
		March 28, 2020				March 30, 2019				March 31, 2018
		(millions)
Shipping costs		$	46.7			$	49.1			$	39.1
Handling costs		154.0				153.1				155.4

Summary of Basic and Diluted shares

The weighted-average number of common shares outstanding used to calculate basic net income per common share is reconciled to shares used to calculate diluted net income per common share as follows:

		Fiscal Years Ended
		March 28, 2020			March 30, 2019			March 31, 2018
		(millions)
Basic shares		75.8			80.6			81.7
Dilutive effect of RSUs and stock options		1.4			1.1			0.8
Diluted shares		77.2			81.7			82.5

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 and operational chargebacks

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:

		Fiscal Years Ended
		March 28, 2020				March 30, 2019				March 31, 2018
		(millions)
Beginning reserve balance		$	176.5			$	202.5			$	202.8
Amount charged against revenue to increase reserve		580.1				543.8				585.0
Amount credited against customer accounts to decrease reserve		(550.3		)		(563.0		)		(596.6		)
Foreign currency translation		(1.6		)		(6.8		)		11.3
Ending reserve balance		$	204.7			$	176.5			$	202.5

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 and operational chargebacks

A rollforward of the activity in the Company's allowance for doubtful accounts is presented below:

		Fiscal Years Ended
		March 28, 2020				March 30, 2019				March 31, 2018
		(millions)
Beginning reserve balance		$	15.7			$	19.7			$	11.6
Amount recorded to expense to increase reserve(a)		58.7				0.4				10.2
Amount written-off against customer accounts to decrease reserve		(2.6		)		(3.5		)		(3.2		)
Foreign currency translation		(0.3		)		(0.9		)		1.1
Ending reserve balance		$	71.5			$	15.7			$	19.7

^(a) 

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

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