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RESTRUCTURING (Tables) | 12 Months Ended
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Mar. 30, 2024
Restructuring and Related Activities [Abstract] |
Schedule of Activity in Restructuring | The components of the restructuring charges are as follows:
|  | Year Ended March
(In thousands) |  | 2024 |  |  | 2023 |  | 2022
Severance and employee-related benefits |  | $ | 70,008 |  |  |  | $ | 57,433 |  |  | $ | 12,283 |
Asset impairments and write-downs |  | 39,386 |  |  |  | — |  |  | — |
Accelerated depreciation |  | — |  |  |  | 8,016 |  |  | 7,016 |
Contract termination and other |  | 1,326 |  |  |  | 10,289 |  |  | 703 |
Total restructuring charges |  | $ | 110,720 |  |  |  | $ | 75,738 |  |  | $ | 20,002 |
Restructuring costs by business segment are as follows:
|  | Year Ended March
(In thousands) |  | 2024 |  |  | 2023 |  | 2022
Outdoor |  | $ | 242 |  |  |  | $ | 1,088 |  |  | $ | 4,523 |
Active |  | 434 |  |  |  | 1,478 |  |  | 1,008 |
Work |  | — |  |  |  | 9 |  |  | 2,315 |
Corporate and other |  | 110,044 |  |  |  | 73,163 |  |  | 12,156 |
Total |  | $ | 110,720 |  |  |  | $ | 75,738 |  |  | $ | 20,002 |
The activity in the restructuring accrual was as follows:
(In thousands) |  | Severance |  | Other |  | Total |
Accrual at March 2022 |  | $ | 25,640 |  |  | $ | 1,211 |  |  | $ | 26,851 |  |
Charges |  | 57,433 |  |  | 5,190 |  |  | 62,623 |  |
Cash payments and settlements |  | (41,338) |  |  | (345) |  |  | (41,683) |  |
Adjustments to accruals |  | (3,236) |  |  | 40 |  |  | (3,196) |  |
Impact of foreign currency |  | 222 |  |  | 449 |  |  | 671 |  |
Accrual at March 2023 |  | 38,721 |  |  | 6,545 |  |  | 45,266 |  |
Charges |  | 70,008 |  |  | — |  |  | 70,008 |  |
Cash payments and settlements |  | (42,684) |  |  | (5,923) |  |  | (48,607) |  |
Adjustments to accruals |  | (5,660) |  |  | (287) |  |  | (5,947) |  |
Impact of foreign currency |  | (54) |  |  | 10 |  |  | (44) |  |
Accrual at March 2024 |  | $ | 60,331 |  |  | $ | 345 |  |  | $ | 60,676 |  |

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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 -Name Accounting Standards Codification -Topic 420 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (b)(2) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482017/420-10-50-1 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 420 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SAB Topic 5.P.4(b)(2)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479823/420-10-S99-2 + Details
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