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Derivative Financial Instruments (Tables) | 6 Months Ended
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Sep. 30, 2017
Derivative Instruments and Hedging Activities Disclosure [Abstract] |
Schedule of Fair Value of Derivative Contracts Recorded on Gross Basis in Consolidated Balance Sheets | The following table details the fair value of the Company’s derivative contracts, which are recorded on a gross basis in the consolidated balance sheets as of September 30, 2017 and April 1, 2017 (in millions):
|  |  |  |  | Fair Values
| Notional Amounts |  | Current Assets (1) |  | Current Liabilities (2)
| September 30, 2017 |  | April 1, 2017 |  | September 30, 2017 |  | April 1, 2017 |  | September 30, 2017 |  | April 1, 2017
Designated forward foreign currency exchange contracts | $ | 176.6 |  |  | $ | 167.5 |  |  | $ | 0.1 |  |  | $ | 4.7 |  |  | $ | 11.3 |  |  | $ | 0.4 |
Undesignated forward foreign currency exchange contracts (3) | 1,468.6 |  |  | — |  |  | 36.7 |  |  | — |  |  | — |  |  | — |
Total | $ | 1,645.2 |  |  | $ | 167.5 |  |  | $ | 36.8 |  |  | $ | 4.7 |  |  | $ | 11.3 |  |  | $ | 0.4 |
(1) | Recorded within prepaid expenses and other current assets in the Company’s consolidated balance sheets.
(2) | Recorded within accrued expenses and other current liabilities in the Company’s consolidated balance sheets.
(3) | On July 25, 2017, in connection with the intended acquisition of Jimmy Choo, the Company entered into a forward foreign currency exchange contract with a notional amount of £1.115 billion to mitigate its foreign currency exchange risk through the expected closing date of the acquisition. This derivative contract was not designated as an accounting hedge. Therefore, changes in fair value are recorded to foreign currency (gain) loss in the Company's consolidated statement of operations.
Summary of Impact of Effective Portion of Gains and Losses of Forward Contracts Designated as Hedges | The following table summarizes the impact of the effective portion of gains and losses on the forward contracts designated as hedges (in millions):
| Three Months Ended
| September 30, 2017 |  | October 1, 2016
| Pre-Tax Loss Recognized in OCI (Effective Portion) |  | Pre-Tax Gain Reclassified from Accumulated OCI into Earnings (Effective Portion) |  | Pre-Tax Loss Recognized in OCI (Effective Portion) |  | Pre-Tax Gain Reclassified from Accumulated OCI into Earnings (Effective Portion)
Forward foreign currency exchange contracts | $ | (6.0 | ) |  | $ | 1.3 |  |  | $ | (1.2 | ) |  | $ | 0.3 |
| Six Months Ended
| September 30, 2017 |  | October 1, 2016
| Pre-Tax Loss Recognized in OCI (Effective Portion) |  | Pre-Tax Gain Reclassified from Accumulated OCI into Earnings (Effective Portion) |  | Pre-Tax Gain Recognized in OCI (Effective Portion) |  | Pre-Tax Gain Reclassified from Accumulated OCI into Earnings (Effective Portion)
Forward foreign currency exchange contracts | $ | (15.3 | ) |  | $ | 3.2 |  |  | $ | 2.1 |  |  | $ | 0.2 |

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- Definition Tabular disclosure of the effective portion of the gains and losses on derivative instruments designated (and non-derivative instruments) designated and qualifying in cash flow hedges and net investment hedges that was recognized in other comprehensive income (loss) during the current period. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4C -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=84234895&loc=SL5624171-113959 + Details
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- Definition Tabular disclosure of the location and fair value amounts of derivative instruments (and nonderivative instruments that are designated and qualify as hedging instruments) reported in the statement of financial position. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4B -URI http://asc.fasb.org/extlink&oid=84234895&loc=SL5624163-113959 + Details
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