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Accumulated Other Comprehensive Income (Loss) (Tables)
3 Months Ended
Jun. 30, 2018
Equity [Abstract]  
Changes in Components of Accumulated Other Comprehensive Loss, Net of Taxes
The following table details changes in the components of accumulated other comprehensive income (loss) (“AOCI”), net of taxes for the three months ended June 30, 2018 and July 1, 2017, respectively (in millions):
 
Foreign
Currency
Translation
(Losses) Gains
(1)
 
Net Gains (Losses) on
Derivatives
(2)
 
Other Comprehensive (Loss) Income Attributable to MKHL
 
Other Comprehensive (Loss) Income Attributable to Noncontrolling Interest
 
Total Accumulated Other Comprehensive (Loss) Income
Balance at April 1, 2017
$
(86.1
)
 
$
5.5

 
$
(80.6
)
 
$
(0.3
)
 
$
(80.9
)
Other comprehensive income (loss) before reclassifications
22.1

 
(8.0
)
 
14.1

 

 
14.1

Less: amounts reclassified from AOCI to earnings 

 
1.7

 
1.7

 

 
1.7

Other comprehensive income (loss) net of tax
22.1

 
(9.7
)
 
12.4

 

 
12.4

Balance at July 1, 2017
$
(64.0
)
 
$
(4.2
)
 
$
(68.2
)
 
$
(0.3
)
 
$
(68.5
)
 
 
 
 
 
 
 
 
 
 
Balance at March 31, 2018
$
61.2

 
$
(10.7
)
 
$
50.5

 
$
(0.2
)
 
$
50.3

Other comprehensive (loss) income before reclassifications
(103.0
)
 
7.8

 
(95.2
)
 

 
(95.2
)
Less: amounts reclassified from AOCI to earnings

 
(4.2
)
 
(4.2
)
 

 
(4.2
)
Other comprehensive (loss) income net of tax
(103.0
)
 
12.0

 
(91.0
)
 

 
(91.0
)
Balance at June 30, 2018
$
(41.8
)
 
$
1.3

 
$
(40.5
)
 
$
(0.2
)
 
$
(40.7
)
_________________________
(1) 
Foreign currency translation gains and losses for the three months ended June 30, 2018 and July 1, 2017 include net gains of $5.2 million and net losses of $1.4 million, respectively, on intra-entity transactions that are of a long-term investment nature. Foreign currency translation losses for the three months ended June 30, 2018 include an $85.7 million translation loss relating to the newly acquired Jimmy Choo business and a $4.0 million gain, net of taxes of $0.8 million relating to the Company's net investment hedges.
(2) 
Reclassified amounts relate to the Company’s forward foreign currency exchange contracts for inventory purchases and are recorded within cost of goods sold in the Company’s consolidated statements of operations and comprehensive income. Accumulated other comprehensive income related to net gains (losses) on derivative financial instruments is net of a tax benefit of $1.4 million as of March 31, 2018. Other comprehensive income (loss) before reclassifications related to derivative financial instruments for the three months ended June 30, 2018 and July 1, 2017 is net of a tax provision of $0.9 million and tax benefit of $1.3 million, respectively. All other tax effects were not material for the periods presented.