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v3.26.1

Leases | 12 Months Ended
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Mar. 29, 2026
Leases, Assets And Liabilities [Abstract] |
Leases | Leases Right-of-use assets The following table presents changes in the cost and the accumulated depreciation of the Company’s right-of-use assets:
| Retail stores | Manufacturing facilities | Other | Total
Cost | $ | $ | $ | $
March 31, 2024 | 450.3 |  | 44.2 |  | 60.9 |  | 555.4 |
Additions | 53.8 |  | — |  | 3.9 |  | 57.7 |
Lease modifications | 11.8 |  | 5.3 |  | 1.4 |  | 18.5 |
Derecognition on termination | (22.0) |  | — |  | (1.7) |  | (23.7) |
Impact of foreign currency translation | 26.5 |  | 0.1 |  | 1.4 |  | 28.0 |
March 30, 2025 | 520.4 |  | 49.6 |  | 65.9 |  | 635.9 |
Additions | 119.1 |  | — |  | 5.9 |  | 125.0 |
Lease modifications | 9.2 |  | 7.4 |  | 0.2 |  | 16.8 |
Derecognition on termination | (38.6) |  | (3.1) |  | (8.6) |  | (50.3) |
Impact of foreign currency translation | (3.5) |  | — |  | — |  | (3.5) |
March 29, 2026 | 606.6 |  | 53.9 |  | 63.4 |  | 723.9 |
| Retail stores | Manufacturing facilities | Other | Total
Accumulated depreciation | $ | $ | $ | $
March 31, 2024 | 229.7 |  | 24.0 |  | 21.9 |  | 275.6 |
Depreciation | 70.5 |  | 5.6 |  | 8.2 |  | 84.3 |
Derecognition on termination | (19.9) |  | — |  | (0.5) |  | (20.4) |
Impairment losses | 1.5 |  | — |  | — |  | 1.5 |
Impact of foreign currency translation | 13.9 |  | — |  | 0.8 |  | 14.7 |
March 30, 2025 | 295.7 |  | 29.6 |  | 30.4 |  | 355.7 |
Depreciation | 74.0 |  | 6.1 |  | 7.9 |  | 88.0 |
Derecognition on termination | (38.6) |  | (1.8) |  | (8.6) |  | (49.0) |
Impairment losses | 4.4 |  | — |  | — |  | 4.4 |
Impact of foreign currency translation | (1.0) |  | — |  | (0.2) |  | (1.2) |
March 29, 2026 | 334.5 |  | 33.9 |  | 29.5 |  | 397.9 |
Net book value |  |  |  |
March 30, 2025 | 224.7 |  | 20.0 |  | 35.5 |  | 280.2 |
March 29, 2026 | 272.1 |  | 20.0 |  | 33.9 |  | 326.0 |
Impairment losses of $8.4m and $2.8m were recognized for the years ended March 29, 2026 and March 30, 2025, respectively. These were recorded within the DTC segment and included in SG&A expenses in the statements of income. These impairments arose primarily as a result of lower than anticipated store performance, which negatively impacted forecasted cash flows. As a result, the Company may elect to close certain underperforming stores prior to the end of their original lease terms. Lease liabilities The following table presents the changes in the Company's lease liabilities:
| Retail stores | Manufacturing facilities | Other | Total
| $ | $ | $ | $
March 31, 2024 | 255.7 |  | 23.8 |  | 51.0 |  | 330.5 |
Additions | 52.2 |  | — |  | 3.9 |  | 56.1 |
Lease modifications | 11.7 |  | 5.4 |  | 1.4 |  | 18.5 |
Derecognition on termination | (2.7) |  | — |  | (1.2) |  | (3.9) |
Principal payments | (71.4) |  | (6.0) |  | (8.3) |  | (85.7) |
Impact of foreign currency translation | 14.5 |  | 0.1 |  | 0.7 |  | 15.3 |
March 30, 2025 | 260.0 |  | 23.3 |  | 47.5 |  | 330.8 |
Additions | 111.3 |  | — |  | 5.9 |  | 117.2 |
Lease modifications | 9.2 |  | 7.4 |  | 0.2 |  | 16.8 |
Derecognition on termination | — |  | — |  | — |  | — |
Principal payments | (72.9) |  | (6.1) |  | (8.2) |  | (87.2) |
Impact of foreign currency translation | (3.2) |  | — |  | 0.2 |  | (3.0) |
March 29, 2026 | 304.4 |  | 24.6 |  | 45.6 |  | 374.6 |
Lease liabilities are classified as current and non-current liabilities as follows:
| Retail stores | Manufacturing facilities | Other | Total
| $ | $ | $ | $
Current lease liabilities | 70.3 |  | 6.1 |  | 7.5 |  | 83.9 |
Non-current lease liabilities | 189.7 |  | 17.2 |  | 40.0 |  | 246.9 |
March 30, 2025 | 260.0 |  | 23.3 |  | 47.5 |  | 330.8 |
Current lease liabilities | 77.1 |  | 7.6 |  | 8.1 |  | 92.8 |
Non-current lease liabilities | 227.3 |  | 17.0 |  | 37.5 |  | 281.8 |
March 29, 2026 | 304.4 |  | 24.6 |  | 45.6 |  | 374.6 |
In the year ended March 29, 2026, $55.6m of lease payments were not included in the measurement of lease liabilities (March 30, 2025 - $40.5m, March 31, 2024 - $39.6m). The majority of these balances related to short-term leases and variable rent payments, which are expensed as incurred.

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