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Summary of Significant Accounting Policies (Tables) | 6 Months Ended
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Sep. 28, 2024
Summary of Significant Accounting Policies (Tables) [Abstract] |
Contractually-Guaranteed Minimum Royalties | As of September 28, 2024, 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 2025 |  | $ | 46.4 |
Fiscal 2026 |  | 85.4 |
Fiscal 2027 |  | 84.2 |
Fiscal 2028 |  | 49.7 |
Fiscal 2029 and thereafter |  | 54.7 |
Total |  | $ | 320.4 |
(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
|  | September 28, 2024 |  | September 30, 2023
|  | North America |  | Europe |  | Asia |  | Other |  | Total |  | North America |  | Europe |  | Asia |  | Other |  | Total
|  | (millions)
Sales Channel(a): |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Retail |  | $ | 467.3 |  |  | $ | 272.9 |  |  | $ | 356.2 |  |  | $ | — |  |  | $ | 1,096.4 |  |  | $ | 437.8 |  |  | $ | 238.4 |  |  | $ | 318.1 |  |  | $ | — |  |  | $ | 994.3 |
Wholesale |  | 272.2 |  |  | 293.0 |  |  | 24.0 |  |  | — |  |  | 589.2 |  |  | 280.0 |  |  | 288.4 |  |  | 30.3 |  |  | — |  |  | 598.7 |
Licensing |  | — |  |  | — |  |  | — |  |  | 40.4 |  |  | 40.4 |  |  | — |  |  | — |  |  | — |  |  | 40.0 |  |  | 40.0 |
Total |  | $ | 739.5 |  |  | $ | 565.9 |  |  | $ | 380.2 |  |  | $ | 40.4 |  |  | $ | 1,726.0 |  |  | $ | 717.8 |  |  | $ | 526.8 |  |  | $ | 348.4 |  |  | $ | 40.0 |  |  | $ | 1,633.0 |
|  | Six Months Ended
|  | September 28, 2024 |  | September 30, 2023
|  | North America |  | Europe |  | Asia |  | Other |  | Total |  | North America |  | Europe |  | Asia |  | Other |  | Total
|  | (millions)
Sales Channel(a): |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Retail |  | $ | 884.0 |  |  | $ | 518.0 |  |  | $ | 727.0 |  |  | $ | — |  |  | $ | 2,129.0 |  |  | $ | 848.8 |  |  | $ | 465.1 |  |  | $ | 670.2 |  |  | $ | — |  |  | $ | 1,984.1 |
Wholesale |  | 463.7 |  |  | 527.0 |  |  | 44.1 |  |  | — |  |  | 1,034.8 |  |  | 500.7 |  |  | 512.2 |  |  | 55.7 |  |  | — |  |  | 1,068.6 |
Licensing |  | — |  |  | — |  |  | — |  |  | 74.4 |  |  | 74.4 |  |  | — |  |  | — |  |  | — |  |  | 76.8 |  |  | 76.8 |
Total |  | $ | 1,347.7 |  |  | $ | 1,045.0 |  |  | $ | 771.1 |  |  | $ | 74.4 |  |  | $ | 3,238.2 |  |  | $ | 1,349.5 |  |  | $ | 977.3 |  |  | $ | 725.9 |  |  | $ | 76.8 |  |  | $ | 3,129.5 |
(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 for the fiscal periods presented is as follows:
|  | Three Months Ended |  | Six Months Ended
|  | September 28, 2024 |  | September 30, 2023 |  | September 28, 2024 |  | September 30, 2023
|  | (millions)
Shipping costs |  | $ | 20.9 |  |  | $ | 19.2 |  |  | $ | 38.2 |  |  | $ | 36.1 |
Handling costs |  | 40.5 |  |  | 41.5 |  |  | 75.6 |  |  | 80.7 |
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 |  | Six Months Ended
|  | September 28, 2024 |  | September 30, 2023 |  | September 28, 2024 |  | September 30, 2023
|  | (millions)
Basic shares |  | 62.6 |  |  | 65.6 |  |  | 62.9 |  |  | 65.7 |
Dilutive effect of RSUs |  | 1.3 |  |  | 1.6 |  |  | 1.4 |  |  | 1.6 |
Diluted shares |  | 63.9 |  |  | 67.2 |  |  | 64.3 |  |  | 67.3 |
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, 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 |  | Six Months Ended
|  | September 28, 2024 |  | September 30, 2023 |  | September 28, 2024 |  | September 30, 2023
|  | (millions)
Beginning reserve balance |  | $ | 126.3 |  |  | $ | 135.2 |  |  | $ | 143.1 |  |  | $ | 148.1 |
Amount charged against revenue to increase reserve |  | 128.2 |  |  | 122.4 |  |  | 223.0 |  |  | 218.0 |
Amount credited against customer accounts to decrease reserve |  | (102.3) |  |  | (108.5) |  |  | (212.9) |  |  | (216.0) |
Foreign currency translation |  | 4.1 |  |  | (2.5) |  |  | 3.1 |  |  | (3.5) |
Ending reserve balance |  | $ | 156.3 |  |  | $ | 146.6 |  |  | $ | 156.3 |  |  | $ | 146.6 |
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 |  | Six Months Ended
|  | September 28, 2024 |  | September 30, 2023 |  | September 28, 2024 |  | September 30, 2023
|  | (millions)
Beginning reserve balance |  | $ | 32.5 |  |  | $ | 25.6 |  |  | $ | 32.2 |  |  | $ | 27.2 |
Amount recorded to expense to increase reserve(a) |  | 1.3 |  |  | 1.1 |  |  | 2.1 |  |  | 0.3 |
Amount written-off against customer accounts to decrease reserve |  | (0.4) |  |  | — |  |  | (0.8) |  |  | (0.6) |
Foreign currency translation |  | 0.8 |  |  | (0.3) |  |  | 0.7 |  |  | (0.5) |
Ending reserve balance |  | $ | 34.2 |  |  | $ | 26.4 |  |  | $ | 34.2 |  |  | $ | 26.4 |
(a)Amounts recorded to bad debt expense are included within SG&A expenses in the consolidated statements of operations.

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