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REVENUES | 12 Months Ended
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Mar. 30, 2024
Revenue from Contract with Customer [Abstract] |
REVENUES | REVENUES Contract Balances Contract assets are rights to consideration in exchange for goods or services that have been transferred to a customer when that right is conditional on something other than the passage of time. Once the Company has an unconditional right to consideration under a contract, amounts are invoiced and contract assets are reclassified to accounts receivable. The Company's primary contract assets relate to sales-based royalty arrangements, which are discussed in more detail within Note 1. Contract liabilities are recorded when a customer pays consideration, or the Company has a right to an amount of consideration that is unconditional, before the transfer of a good or service to the customer and thus represent the Company's obligation to transfer the good or service to the customer at a future date. The Company's primary contract liabilities relate to gift cards, loyalty programs and sales-based royalty arrangements, which are discussed in more detail within Note 1, and order deposits. The following table provides information about contract assets and contract liabilities:
(In thousands) |  | March 2024 |  |  | March 2023
Contract assets (a) |  | $ | 2,393 |  |  |  | $ | 2,294 |
Contract liabilities (b) |  | 67,115 |  |  |  | 62,214 |
(a)Included in the other current assets line item in the Consolidated Balance Sheets. (b)Included in the accrued liabilities line item in the Consolidated Balance Sheets. For the year ended March 2024, the Company recognized $253.6 million of revenue, which included the majority of the contract liability balance at the beginning of the year, and amounts recorded as a contract liability and subsequently recognized as revenue as performance obligations were satisfied during the year, including order deposits from customers. The change in the contract asset and contract liability balances primarily results from the timing differences between the Company's satisfaction of performance obligations and the customer's payment. Performance Obligations As of March 2024, the Company expects to recognize $78.5 million of fixed consideration related to the future minimum guarantees in effect under its licensing agreements and expects such amounts to be recognized over time based on the contractual terms through March 2031. As of March 2024, there were no arrangements with transaction price allocated to remaining performance obligations other than contracts for which the Company has applied the practical expedients and the fixed consideration related to future minimum guarantees discussed above. Disaggregation of Revenue The following tables disaggregate our revenues by channel and geography, which provides a meaningful depiction of how the nature, timing and uncertainty of revenues are affected by economic factors.
| Year Ended March 2024 |
(In thousands) | Outdoor |  | Active |  | Work |  | Other |  | Total |
Channel revenues |  |  |  |  |  |  |  |  |  |
Wholesale | $ | 3,152,260 |  |  | $ | 1,579,251 |  |  | $ | 690,934 |  |  | $ | — |  |  | $ | 5,422,445 |  |
Direct-to-consumer | 2,330,390 |  |  | 2,458,475 |  |  | 176,284 |  |  | — |  |  | 4,965,149 |  |
Royalty | 18,749 |  |  | 24,003 |  |  | 24,321 |  |  | — |  |  | 67,073 |  |
Total | $ | 5,501,399 |  |  | $ | 4,061,729 |  |  | $ | 891,539 |  |  | $ | — |  |  | $ | 10,454,667 |  |
Geographic revenues |  |  |  |  |  |  |  |  |  |
Americas | $ | 2,498,520 |  |  | $ | 2,255,982 |  |  | $ | 710,366 |  |  | $ | — |  |  | $ | 5,464,868 |  |
Europe | 2,080,583 |  |  | 1,234,569 |  |  | 113,420 |  |  | — |  |  | 3,428,572 |  |
Asia-Pacific | 922,296 |  |  | 571,178 |  |  | 67,753 |  |  | — |  |  | 1,561,227 |  |
Total | $ | 5,501,399 |  |  | $ | 4,061,729 |  |  | $ | 891,539 |  |  | $ | — |  |  | $ | 10,454,667 |  |
| Year Ended March 2023
(In thousands) | Outdoor |  | Active |  | Work |  | Other |  | Total
Channel revenues |  |  |  |  |  |  |  |  |
Wholesale | $ | 3,375,343 |  |  | $ | 2,082,875 |  |  | $ | 847,729 |  |  | $ | 148 |  |  | $ | 6,306,095 |
Direct-to-consumer | 2,252,958 |  |  | 2,791,936 |  |  | 186,462 |  |  | — |  |  | 5,231,356 |
Royalty | 19,225 |  |  | 29,811 |  |  | 25,988 |  |  | — |  |  | 75,024 |
Total | $ | 5,647,526 |  |  | $ | 4,904,622 |  |  | $ | 1,060,179 |  |  | $ | 148 |  |  | $ | 11,612,475 |
Geographic revenues |  |  |  |  |  |  |  |  |
Americas | $ | 2,921,383 |  |  | $ | 2,912,666 |  |  | $ | 848,524 |  |  | $ | 148 |  |  | $ | 6,682,721 |
Europe | 1,960,485 |  |  | 1,343,796 |  |  | 107,414 |  |  | — |  |  | 3,411,695 |
Asia-Pacific | 765,658 |  |  | 648,160 |  |  | 104,241 |  |  | — |  |  | 1,518,059 |
Total | $ | 5,647,526 |  |  | $ | 4,904,622 |  |  | $ | 1,060,179 |  |  | $ | 148 |  |  | $ | 11,612,475 |
| Year Ended March 2022
(In thousands) | Outdoor |  | Active |  | Work |  | Other |  | Total
Channel revenues |  |  |  |  |  |  |  |  |
Wholesale | $ | 3,194,881 |  |  | $ | 2,256,444 |  |  | $ | 919,080 |  |  | $ | 785 |  |  | $ | 6,371,190 |
Direct-to-consumer | 2,115,056 |  |  | 3,102,231 |  |  | 186,788 |  |  | — |  |  | 5,404,075 |
Royalty | 17,631 |  |  | 21,663 |  |  | 27,281 |  |  | — |  |  | 66,575 |
Total | $ | 5,327,568 |  |  | $ | 5,380,338 |  |  | $ | 1,133,149 |  |  | $ | 785 |  |  | $ | 11,841,840 |
Geographic revenues |  |  |  |  |  |  |  |  |
Americas | $ | 2,748,935 |  |  | $ | 3,155,870 |  |  | $ | 899,706 |  |  | $ | 785 |  |  | $ | 6,805,296 |
Europe | 1,877,502 |  |  | 1,432,260 |  |  | 89,537 |  |  | — |  |  | 3,399,299 |
Asia-Pacific | 701,131 |  |  | 792,208 |  |  | 143,906 |  |  | — |  |  | 1,637,245 |
Total | $ | 5,327,568 |  |  | $ | 5,380,338 |  |  | $ | 1,133,149 |  |  | $ | 785 |  |  | $ | 11,841,840 |

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- Definition The entire disclosure of revenue from contract with customer to transfer good or service and to transfer nonfinancial asset. Includes, but is not limited to, disaggregation of revenue, credit loss recognized from contract with customer, judgment and change in judgment related to contract with customer, and asset recognized from cost incurred to obtain or fulfill contract with customer. Excludes insurance and lease contracts. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 9 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479806/606-10-50-9 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 10 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479806/606-10-50-10 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 15 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479806/606-10-50-15 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479806/606-10-50-12 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479806/606-10-50-12 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479806/606-10-50-12 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479806/606-10-50-12 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (e) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479806/606-10-50-12 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 13 -Subparagraph (b)(2) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479806/606-10-50-13 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Topic 606 -Publisher FASB -URI https://asc.fasb.org//606/tableOfContent + Details
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