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Summary of Significant Accounting Policies (Tables)

9 Months Ended

Dec. 31, 2022

Summary of Significant Accounting Policies (Tables) [Abstract]

Contractually-Guaranteed Minimum Royalties

As of December 31, 2022, contractually-guaranteed minimum royalty amounts expected to be recognized as revenue during future periods were as follows:

						Contractually-Guaranteed Minimum Royalties(a)
						(millions)
Remainder of Fiscal 2023						$	14.5
Fiscal 2024						98.9
Fiscal 2025						62.8
Fiscal 2026						44.0
Fiscal 2027						40.7
Fiscal 2028 and thereafter						11.3
Total						$	272.2

(a)Amounts presented do not contemplate potential contract renewals or royalties earned in excess of the contractually-guaranteed minimums.

Disaggregation of Revenue

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:

						Three Months Ended
						December 31, 2022																														December 25, 2021
						North America						Europe						Asia						Other						Total						North America						Europe						Asia						Other						Total
						(millions)
Sales Channel(a):
Retail						$	653.5					$	254.9					$	361.5					$	—					$	1,269.9					$	638.4					$	246.4					$	364.2					$	—					$	1,249.0
Wholesale						284.1						214.4						24.7						—						523.2						290.3						216.5						18.4						0.2						525.4
Licensing						—						—						—						39.2						39.2						—						—						—						41.0						41.0
Total						$	937.6					$	469.3					$	386.2					$	39.2					$	1,832.3					$	928.7					$	462.9					$	382.6					$	41.2					$	1,815.4

						Nine Months Ended
						December 31, 2022																														December 25, 2021
						North America						Europe						Asia						Other						Total						North America						Europe						Asia						Other						Total
						(millions)
Sales Channel(a):
Retail						$	1,515.3					$	675.6					$	963.6					$	—					$	3,154.5					$	1,472.5					$	646.7					$	885.4					$	27.2					$	3,031.8
Wholesale						849.6						702.8						73.1						—						1,625.5						821.4						666.6						55.3						5.5						1,548.8
Licensing						—						—						—						122.8						122.8						—						—						—						115.2						115.2
Total						$	2,364.9					$	1,378.4					$	1,036.7					$	122.8					$	4,902.8					$	2,293.9					$	1,313.3					$	940.7					$	147.9					$	4,695.8

(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 for the fiscal periods presented is as follows:

						Three Months Ended												Nine Months Ended
						December 31, 2022						December 25, 2021						December 31, 2022						December 25, 2021
						(millions)
Shipping costs						$	25.7					$	24.1					$	60.7					$	52.9
Handling costs						51.5						43.4						128.2						113.6

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:

						Three Months Ended												Nine Months Ended
						December 31, 2022						December 25, 2021						December 31, 2022						December 25, 2021
						(millions)
Basic shares						66.5						73.2						68.2						73.7
Dilutive effect of RSUs and stock options						1.1						1.1						1.2						1.3
Diluted shares						67.6						74.3						69.4						75.0

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 as follows:

						Three Months Ended												Nine Months Ended
						December 31, 2022						December 25, 2021						December 31, 2022						December 25, 2021
						(millions)
Beginning reserve balance						$	166.8					$	184.8					$	180.7					$	173.7
Amount charged against revenue to increase reserve						96.6						101.1						298.8						289.8
Amount credited against customer accounts to decrease reserve						(114.2)						(106.0)						(316.9)						(283.2)
Foreign currency translation						7.5						(4.3)						(5.9)						(4.7)
Ending reserve balance						$	156.7					$	175.6					$	156.7					$	175.6

Allowance for Doubtful Accounts

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 as follows:

						Three Months Ended												Nine Months Ended
						December 31, 2022						December 25, 2021						December 31, 2022						December 25, 2021
						(millions)
Beginning reserve balance						$	27.7					$	37.9					$	34.0					$	40.1
Amount recorded to expense to increase (decrease) reserve(a)						(0.4)						(1.8)						0.2						(2.7)
Amount written-off against customer accounts to decrease reserve						(0.6)						(0.5)						(5.5)						(1.8)
Foreign currency translation						1.0						(0.7)						(1.0)						(0.7)
Ending reserve balance						$	27.7					$	34.9					$	27.7					$	34.9

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

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