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RESTRUCTURING (Tables) | 6 Months Ended
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Oct. 01, 2022
Restructuring and Related Activities [Abstract] |
Schedule of Activity in Restructuring | The components of the restructuring charges are as follows:
|  | Three Months Ended September |  |  | Six Months Ended September |  |  |
(In thousands) |  | 2022 |  |  | 2021 |  |  | 2022 |  |  | 2021 |  |  |  |  |  |
Severance and employee-related benefits |  | $ | 37,464 |  |  |  | $ | 1,422 |  |  |  | $ | 39,558 |  |  |  | $ | 4,296 |  |  |  |  |  |  |
Accelerated depreciation |  | 3,583 |  |  |  | 2,036 |  |  |  | 7,251 |  |  |  | 3,467 |  |  |  |  |  |  |
Contract termination and other |  | 4,759 |  |  |  | — |  |  |  | 5,103 |  |  |  | — |  |  |  |  |  |  |
Total restructuring charges |  | $ | 45,806 |  |  |  | $ | 3,458 |  |  |  | $ | 51,912 |  |  |  | $ | 7,763 |  |  |  |  |  |  |
Restructuring costs by business segment are as follows:
|  | Three Months Ended September |  |  | Six Months Ended September |  |  |
(In thousands) |  | 2022 |  |  | 2021 |  |  | 2022 |  |  | 2021 |  |  |  |  |  |
Outdoor |  | $ | 496 |  |  |  | $ | 454 |  |  |  | $ | 496 |  |  |  | $ | 2,677 |  |  |  |  |  |  |
Active |  | 1,478 |  |  |  | 276 |  |  |  | 1,478 |  |  |  | 1,008 |  |  |  |  |  |  |
Work |  | 9 |  |  |  | 788 |  |  |  | 9 |  |  |  | 788 |  |  |  |  |  |  |
Corporate and other |  | 43,823 |  |  |  | 1,940 |  |  |  | 49,929 |  |  |  | 3,290 |  |  |  |  |  |  |
Total |  | $ | 45,806 |  |  |  | $ | 3,458 |  |  |  | $ | 51,912 |  |  |  | $ | 7,763 |  |  |  |  |  |  |
The activity in the restructuring accrual for the six-month period ended September 2022 was as follows:
(In thousands) | Severance |  | Other |  | Total |
Accrual at March 2022 | $ | 25,640 |  |  | $ | 1,211 |  |  | $ | 26,851 |  |
Charges | 39,558 |  |  | 5,103 |  |  | 44,661 |  |
Cash payments and settlements | (17,938) |  |  | (84) |  |  | (18,022) |  |
Adjustments to accruals | (2,777) |  |  | 53 |  |  | (2,724) |  |
Impact of foreign currency | (260) |  |  | (140) |  |  | (400) |  |
Accrual at September 2022 | $ | 44,223 |  |  | $ | 6,143 |  |  | $ | 50,366 |  |

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- Definition Tabular disclosure of an entity's restructuring reserve that occurred during the period associated with the exit from or disposal of business activities or restructurings for each major type of cost. This element may also include a description of any reversal and other adjustment made during the period to the amount of an accrued liability for restructuring activities. This element may be used to encapsulate the roll forward presentations of an entity's restructuring reserve by type of cost and in total, and explanation of changes that occurred in the period. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 420 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (b)(2) -URI https://asc.fasb.org/extlink&oid=6394359&loc=d3e17939-110869 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 420 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SAB Topic 5.P.4(b)(2)) -URI https://asc.fasb.org/extlink&oid=115931487&loc=d3e140904-122747 + Details
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