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Summary of Significant Accounting Policies (Tables)
3 Months Ended
Jul. 01, 2023
Summary of Significant Accounting Policies (Tables) [Abstract]  
Contractually-Guaranteed Minimum Royalties As of July 1, 2023, 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 2024$73.5 
Fiscal 202561.6 
Fiscal 202644.1 
Fiscal 202740.8 
Fiscal 202811.3 
Fiscal 2029 and thereafter— 
Total$231.3 
(a)Amounts presented do not contemplate potential contract renewals or royalties earned in excess of the contractually-guaranteed minimums.
Disaggregation of Revenue
The following table disaggregates 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
July 1, 2023July 2, 2022
North AmericaEuropeAsiaOtherTotalNorth AmericaEuropeAsiaOtherTotal
(millions)
Sales Channel(a):
Retail$411.0 $226.7 $352.1 $— $989.8 $437.8 $215.9 $313.9 $— $967.6 
Wholesale220.7 223.8 25.4 — 469.9 262.9 199.7 20.2 — 482.8 
Licensing— — — 36.8 36.8 — — — 40.2 40.2 
Total$631.7 $450.5 $377.5 $36.8 $1,496.5 $700.7 $415.6 $334.1 $40.2 $1,490.6 
(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
 July 1,
2023
July 2,
2022
 (millions)
Shipping costs$16.9 $17.3 
Handling costs39.2 37.0 
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
 July 1,
2023
July 2,
2022
 (millions)
Basic shares65.9 70.1 
Dilutive effect of RSUs1.5 1.4 
Diluted shares67.4 71.5 
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, 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
 July 1,
2023
July 2,
2022
 (millions)
Beginning reserve balance$148.1 $180.7 
Amount charged against revenue to increase reserve95.6 86.7 
Amount credited against customer accounts to decrease reserve
(107.5)(103.3)
Foreign currency translation(1.0)(6.7)
Ending reserve balance$135.2 $157.4 
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
 July 1,
2023
July 2,
2022
 (millions)
Beginning reserve balance$27.2 $34.0 
Amount recorded to expense to decrease reserve(a)
(0.8)(1.9)
Amount written-off against customer accounts to decrease reserve
(0.6)(3.3)
Foreign currency translation(0.2)(1.1)
Ending reserve balance$25.6 $27.7 
(a)Amounts recorded to bad debt expense are included within SG&A expenses in the consolidated statements of operations.