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Restructuring and Other Charges (Tables) - Fiscal 2019 Restructuring Plan

3 Months Ended

Jun. 27, 2020

Restructuring Cost and Reserve [Line Items]

Restructuring and Related Costs

A summary of the charges recorded in connection with the Fiscal 2019 Restructuring Plan during the fiscal period presented, as well as the cumulative charges recorded since its inception, is as follows:

		Three Months Ended
		June 29, 2019				Cumulative Charges
		(millions)
Cash-related restructuring charges:
Severance and benefit costs		$	5.9			$	90.3
Lease termination and store closure costs		0.3				2.3
Other cash charges		0.8				10.8
Total cash-related restructuring charges		7.0				103.4
Non-cash charges:
Impairment of assets (see Note 7)		1.2				19.0
Inventory-related charges(a)		0.6				8.2
Accelerated stock-based compensation expense(b)		—				3.6
Loss on sale of property(c)		—				11.6
Total non-cash charges		1.8				42.4
Total charges		$	8.8			$	145.8

^(a)  Inventory-related charges are recorded within cost of goods sold in the consolidated statements of operations.

^(b)  Accelerated stock-based compensation expense, which is recorded within restructuring and other charges in the consolidated statements of operations, was recorded in connection with vesting provisions associated with certain separation agreements.

^(c) 

Loss on sale of property, which was recorded within restructuring and other charges in the consolidated statements of operations, was incurred in connection with the sale of one of the Company's distribution centers in North America.

Schedule of Restructuring Reserve by Type of Cost

A summary of current period activity in the restructuring reserve related to the Fiscal 2019 Restructuring Plan is as follows:

		Severance and Benefit Costs				Lease Termination and Store Closure Costs				Other Cash Charges				Total
		(millions)
Balance at March 28, 2020		$	23.5			$	—			$	0.6			$	24.1
Additions charged to expense		—				—				—				—
Cash payments charged against reserve		(8.0		)		—				(0.6		)		(8.6		)
Balance at June 27, 2020		$	15.5			$	—			$	—			$	15.5

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Tabular disclosure of costs incurred for restructuring including, but not limited to, exit and disposal activities, remediation, implementation, integration, asset impairment, and charges against earnings from the write-down of assets.

+ References

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 420
-SubTopic 10
-Section S99
-Paragraph 1
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Tabular disclosure of an entity's restructuring reserve that occurred during the period associated with the exit from or disposal of business activities or restructurings for each major type of cost. This element may also include a description of any reversal and other adjustment made during the period to the amount of an accrued liability for restructuring activities. This element may be used to encapsulate the roll forward presentations of an entity's restructuring reserve by type of cost and in total, and explanation of changes that occurred in the period.

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 420
-SubTopic 10
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