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Summary of Significant Accounting Policies (Tables)

12 Months Ended

Mar. 27, 2021

Summary of Significant Accounting Policies (Tables) [Abstract]

Contractually-Guaranteed Minimum Royalties

As of March 27, 2021, contractually-guaranteed minimum royalty amounts expected to be recognized as revenue during future periods were as follows:

						Contractually-Guaranteed Minimum Royalties(a)
						(millions)
Fiscal 2022						$	94.8
Fiscal 2023						73.4
Fiscal 2024						39.1
Fiscal 2025						11.5
Fiscal 2026						11.5
Fiscal 2027 and thereafter						12.1
Total						$	242.4

(a)Amounts presented do not contemplate potential 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 27, 2021
						North America						Europe						Asia						Other						Total
						(millions)
Sales Channel(a):
Retail						$	1,214.1					$	517.1					$	968.4					$	80.2					$	2,779.8
Wholesale						778.3						648.8						59.1						12.4						1,498.6
Licensing						—						—						—						122.4						122.4
Total						$	1,992.4					$	1,165.9					$	1,027.5					$	215.0					$	4,400.8

						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

(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 recognized during the fiscal periods presented is as follows:

						Fiscal Years Ended
						March 27, 2021						March 28, 2020						March 30, 2019
						(millions)
Shipping costs						$	54.8					$	46.7					$	49.1
Handling costs						138.3						154.0						153.1

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:

						Fiscal Years Ended
						March 27, 2021						March 28, 2020						March 30, 2019
						(millions)
Basic shares						73.5						75.8						80.6
Dilutive effect of RSUs and stock options						—			(a)			1.4						1.1
Diluted shares						73.5						77.2						81.7

(a)Incremental shares of 1.2 million attributable to outstanding RSUs were excluded from the computation of diluted shares for Fiscal 2021 as such shares would not be dilutive given the net loss incurred during the fiscal year.

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 as follows:

						Fiscal Years Ended
						March 27, 2021						March 28, 2020						March 30, 2019
						(millions)
Beginning reserve balance						$	204.7					$	176.5					$	202.5
Amount charged against revenue to increase reserve						280.1						580.1						543.8
Amount credited against customer accounts to decrease reserve						(317.4)						(550.3)						(563.0)
Foreign currency translation						6.3						(1.6)						(6.8)
Ending reserve balance						$	173.7					$	204.7					$	176.5

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 27, 2021						March 28, 2020						March 30, 2019
						(millions)
Beginning reserve balance						$	71.5					$	15.7					$	19.7
Amount recorded to expense to increase (decrease) reserve(a)						(27.6)						58.7						0.4
Amount written-off against customer accounts to decrease reserve						(6.1)						(2.6)						(3.5)
Foreign currency translation						2.3						(0.3)						(0.9)
Ending reserve balance						$	40.1					$	71.5					$	15.7

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

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