XML 15 R4.htm IDEA: XBRL DOCUMENT v3.10.0.1
Consolidated Statements of Operations and Comprehensive Income - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Sep. 29, 2018
Sep. 30, 2017
Sep. 29, 2018
Sep. 30, 2017
Income Statement [Abstract]        
Total revenue $ 1,253.8 $ 1,146.6 $ 2,456.3 $ 2,099.0
Cost of goods sold 490.7 455.8 942.4 833.5
Gross profit 763.1 690.8 1,513.9 1,265.5
Selling, general and administrative expenses 495.8 405.1 959.9 781.5
Depreciation and amortization 52.7 48.3 108.6 95.9
Impairment of long-lived assets 7.0 16.3 11.3 16.3
Restructuring charges and other charges [1] 18.2 22.0 29.5 23.3
Total operating expenses 573.7 491.7 1,109.3 917.0
Income from operations 189.4 199.1 404.6 348.5
Other income, net (1.5) (0.3) (2.3) (0.9)
Interest expense, net 5.9 0.8 13.4 1.9
Foreign currency loss (gain) 33.0 (40.5) 35.9 (41.7)
Income before provision for income taxes 152.0 239.1 357.6 389.2
Provision for income taxes 14.9 36.4 34.3 61.0
Net income 137.1 202.7 323.3 328.2
Less: Net loss attributable to noncontrolling interest (0.5) (0.2) (0.7) (0.2)
Net income attributable to MKHL $ 137.6 $ 202.9 $ 324.0 $ 328.4
Weighted average ordinary shares outstanding:        
Weighted average ordinary shares outstanding, basic (in shares) 149,575,112 151,781,340 149,538,607 153,134,119
Weighted average ordinary shares outstanding, diluted (in shares) 151,705,685 154,168,094 152,052,671 155,519,806
Net income per ordinary share attributable to MKHL:        
Net income per ordinary share, basic (in dollars per share) $ 0.92 $ 1.34 $ 2.17 $ 2.14
Net income per ordinary share, diluted (in dollars per share) $ 0.91 $ 1.32 $ 2.13 $ 2.11
Statements of Comprehensive Income:        
Net income $ 137.1 $ 202.7 $ 323.3 $ 328.2
Foreign currency translation adjustments (25.2) 15.0 (128.2) 37.1
Net gain (loss) on derivatives 2.7 (6.4) 14.7 (16.1)
Comprehensive income 114.6 211.3 209.8 349.2
Less: Net loss attributable to noncontrolling interest (0.5) (0.2) (0.7) (0.2)
Less: Other comprehensive loss attributable to noncontrolling interest (0.1) 0.0 (0.1) 0.0
Comprehensive income attributable to MKHL $ 115.2 $ 211.5 $ 210.6 $ 349.4
[1] Restructuring and other charges includes store closure costs recorded in connection with the Retail Fleet Optimization Plan and other restructuring initiatives, transition costs recorded in connection with the acquisition of Jimmy Choo Group Limited and transaction and transition costs recorded in connection with the Company’s agreement to acquire Gianni Versace S.p.A. (see Note 1, Note 4 and Note 9).