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Acquisitions (Tables) | 12 Months Ended
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Apr. 01, 2017
Michael Kors (HK) Limited |
Business Acquisition [Line Items] |
Assets Acquired and Liabilities Assumed | The following table summarized the preliminary estimated fair values of the assets acquired and liabilities assumed at the date of acquisition (in millions):
| May 31, 2016
Cash and cash equivalents | $ | 19.4 |
Accounts receivable | 22.3 |
Inventory | 36.1 |
Other current assets | 5.5 |
Current assets | 83.3 |
Property and equipment | 46.6 |
Goodwill | 96.5 |
Reacquired rights | 400.4 |
Favorable lease assets | 1.8 |
Customer relationships | 0.7 |
Deferred tax assets | 7.8 |
Other assets | 6.6 |
Total assets acquired | $ | 643.7 |
Accounts payable | $ | 8.9 |
Short-term debt | 5.8 |
Other current liabilities | 27.8 |
Current liabilities | 42.5 |
Unfavorable lease liabilities | 4.8 |
Deferred tax liabilities | 92.3 |
Other liabilities | 4.1 |
Total liabilities assumed | $ | 143.7 |
Fair value of net assets acquired | $ | 500.0 |
Fair value of acquisition consideration | $ | 500.0 |
Pro-Forma Results of Operations | The following table summarizes the unaudited pro-forma consolidated results of operations for the fiscal years ended April 1, 2017 and April 2, 2016 as if the acquisition had occurred on March 29, 2015, the beginning of Fiscal 2016 (in millions):
| Fiscal Years Ended
| April 1, 2017 |  | April 2, 2016
Pro-forma total revenue | $ | 4,520.1 |  |  | $ | 4,839.1 |
Pro-forma net income | 548.7 |  |  | 832.2 |
Pro-forma net income per ordinary share attributable to MKHL: |  |  |
Basic | $ | 3.31 |  |  | $ | 4.47 |
Diluted | $ | 3.26 |  |  | $ | 4.40 |
MK Korea Acquisition |
Business Acquisition [Line Items] |
Assets Acquired and Liabilities Assumed | The following table summarizes the fair values of the assets acquired and liabilities assumed (in millions):
| January 1, 2016
Inventory | $ | 3.0 |
Fixed assets | 2.1 |
Customer relationship intangible assets | 2.2 |
Fair value of assets acquired | 7.3 |
Less: consideration paid | 3.6 |
Gain on acquisition of MK Korea | $ | 3.7 |
MK Panama Acquisition |
Business Acquisition [Line Items] |
Assets Acquired and Liabilities Assumed | The following table summarizes the fair values of the assets acquired and liabilities and non-controlling interest assumed as of the date the Company obtained control of MK Panama, inclusive of certain post-closing working capital adjustments (in millions):
| June 28, 2015
Current assets | $ | 25.9 |
Fixed assets | 6.4 |
Customer relationship intangible assets | 2.0 |
Goodwill | 9.2 |
Debt obligations | (9.5 | )
Other liabilities | (2.3 | )
Total fair value of net assets of MK Panama | 31.7 |
Fair value of preexisting interest in MK Panama | 8.1 |
Non-controlling interest | 5.1 |
Fair value of consideration provided | $ | 18.5 |

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- Definition Tabular disclosure of pro forma results of operations for a material business acquisition or series of individually immaterial business acquisitions that are material in the aggregate. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (h)(2)-(3) -URI http://asc.fasb.org/extlink&oid=65885119&loc=d3e1392-128463 + Details
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- Definition Tabular disclosure of the amounts recognized as of the acquisition date for each major class of assets acquired and liabilities assumed. May include but not limited to the following: (a) acquired receivables; (b) contingencies recognized at the acquisition date; and (c) the fair value of noncontrolling interests in the acquiree. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=73530397&loc=d3e4845-128472 + Details
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