Property and Equipment, net

9 Months Ended

Dec. 29, 2018

Property, Plant and Equipment [Abstract]

Property and equipment, net, consists of (in millions):



	December 29, 2018			March 31, 2018
Leasehold improvements	$	582.7		$	551.0
Furniture and fixtures	276.9			270.9
Computer equipment and software	275.3			266.3
In-store shops	269.7			273.9
Equipment	119.6			116.7
Building	43.2			51.6
Land	15.0			16.2
	1,582.4			1,546.6
Less: accumulated depreciation and amortization	(1,083.0		)	(1,001.6		)
	499.4			545.0
Construction-in-progress	44.2			38.2
	$	543.6		$	583.2

Depreciation and amortization of property and equipment for the three months ended December 29, 2018 and December 30, 2017 was $44.1 million and $46.9 million, respectively, and was $136.1 million and $132.7 million, respectively, for the nine months ended December 29, 2018 and December 30, 2017. During the three and nine months ended December 29, 2018, the Company recorded fixed asset impairment charges of $5.9 million and $15.3 million, respectively, of which $5.4 million and $13.5 million, respectively, were related to underperforming Michael Kors retail store locations, some of which will be closed as part of the Company’s previously announced Retail Fleet Optimization Plan, as defined in Note 9. Fixed asset impairment charges recorded during the three and nine months ended December 29, 2018, also included $0.5 million and $1.8 million, respectively, related to Jimmy Choo retail store locations. During the three and nine months ended December 30, 2017, the Company recorded fixed asset impairment charges of $2.6 million and $14.5 million, respectively, which were related to underperforming Michael Kors retail store locations, some of which related to the Retail Fleet Optimization Plan.