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Summary of Significant Accounting Policies (Tables)

12 Months Ended

Mar. 30, 2024

Summary of Significant Accounting Policies (Tables) [Abstract]

Contractually-Guaranteed Minimum Royalties

As of March 30, 2024, contractually-guaranteed minimum royalty amounts expected to be recognized as revenue during future periods were as follows:

						Contractually-Guaranteed Minimum Royalties(a)
						(millions)
Fiscal 2025						$	65.9
Fiscal 2026						49.6
Fiscal 2027						47.6
Fiscal 2028						12.5
Fiscal 2029						4.8
Fiscal 2030 and thereafter						—
Total						$	180.4

(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 years presented:

						Fiscal Year Ended
						March 30, 2024
						North America						Europe						Asia						Other						Total
						(millions)
Sales Channel(a):
Retail						$	1,915.9					$	971.3					$	1,463.8					$	—					$	4,351.0
Wholesale						1,034.6						996.7						102.8						—						2,134.1
Licensing						—						—						—						146.3						146.3
Total						$	2,950.5					$	1,968.0					$	1,566.6					$	146.3					$	6,631.4

						Fiscal Year Ended
						April 1, 2023
						North America						Europe						Asia						Other						Total
						(millions)
Sales Channel(a):
Retail						$	1,872.6					$	858.4					$	1,322.1					$	—					$	4,053.1
Wholesale						1,147.9						980.8						104.6						—						2,233.3
Licensing						—						—						—						157.2						157.2
Total						$	3,020.5					$	1,839.2					$	1,426.7					$	157.2					$	6,443.6

						Fiscal Year Ended
						April 2, 2022
						North America						Europe						Asia						Other						Total
						(millions)
Sales Channel(a):
Retail						$	1,878.6					$	828.3					$	1,207.4					$	27.2					$	3,941.5
Wholesale						1,089.6						952.4						79.4						5.9						2,127.3
Licensing						—						—						—						149.7						149.7
Total						$	2,968.2					$	1,780.7					$	1,286.8					$	182.8					$	6,218.5

(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 years presented is as follows:

						Fiscal Years Ended
						March 30, 2024						April 1, 2023						April 2, 2022
						(millions)
Shipping costs						$	81.7					$	79.9					$	73.0
Handling costs						171.2						169.7						151.8

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 30, 2024						April 1, 2023						April 2, 2022
						(millions)
Basic shares						65.2						67.7						73.0
Dilutive effect of RSUs and stock options						1.3						1.3						1.3
Diluted shares						66.5						69.0						74.3

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 30, 2024						April 1, 2023						April 2, 2022
						(millions)
Beginning reserve balance						$	148.1					$	180.7					$	173.7
Amount charged against revenue to increase reserve						450.7						407.9						407.7
Amount credited against customer accounts to decrease reserve						(453.7)						(436.5)						(392.9)
Foreign currency translation						(2.0)						(4.0)						(7.8)
Ending reserve balance						$	143.1					$	148.1					$	180.7

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 as follows:

						Fiscal Years Ended
						March 30, 2024						April 1, 2023						April 2, 2022
						(millions)
Beginning reserve balance						$	27.2					$	34.0					$	40.1
Amount recorded to expense to increase (decrease) reserve(a)						7.3						2.3						(2.2)
Amount written-off against customer accounts to decrease reserve						(2.0)						(8.5)						(2.8)
Foreign currency translation						(0.3)						(0.6)						(1.1)
Ending reserve balance						$	32.2					$	27.2					$	34.0

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

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Tabular disclosure of disaggregation of revenue into categories depicting how nature, amount, timing, and uncertainty of revenue and cash flows are affected by economic factor.

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-Topic 606
-SubTopic 10
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-Section 50
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