ÂÒÂ×°ÍÊ¿

Quarterly report pursuant to Section 13 or 15(d)

REVENUES

v3.20.2
REVENUES
 3 Months Ended
Jun. 27, 2020
Revenue from Contract with Customer [Abstract] Ìý
REVENUES REVENUES
The following table provides information about accounts receivable, contract assets and contract liabilities:
(In thousands) June 2020 March 2020 June 2019
Accounts receivable, net $ 934,984Ìý Ìý $ 1,308,051Ìý Ìý $ 1,211,347Ìý Ìý
Contract assets (a)
2,487Ìý Ìý 1,181Ìý Ìý 1,576Ìý Ìý
Contract liabilities (b)
45,622Ìý Ìý 37,498Ìý Ìý 42,196Ìý Ìý
(a)Included in the other current assets line item in the Consolidated Balance Sheets.
(b)Included in the accrued liabilities and other liabilities line items in the Consolidated Balance Sheets.

For the three months ended June 2020, the Company recognized $35.6 million of revenue that was included in the contract liability balance during the period, including amounts recorded as a contract liability and subsequently recognized as revenue as performance obligations are satisfied within the same period, such as order deposits from customers. The change in the contract asset and contract liability balances primarily results from the timing differences between the Company's satisfaction of performance obligations and the customer's payment.
For the three months ended June 2020, revenue recognized from performance obligations satisfied, or partially satisfied, in prior periods was not material.
As of June 2020, the Company expects to recognize $62.9 million of fixed consideration related to the future minimum guarantees
in effect under its licensing agreements and expects such amounts to be recognized over time based on the contractual terms, including $15.4Ìýmillion in the remainder of Fiscal 2021. The variable consideration related to licensing arrangements is not disclosed as a remaining performance obligation as it qualifies for the sales-based royalty exemption. ÂÒÂ×°ÍÊ¿ has also elected the practical expedient to not disclose the transaction price allocated to remaining performance obligations for contracts with an original expected duration of one year or less.
As of June 2020, there were no arrangements with transaction price allocated to remaining performance obligations other than contracts for which the Company has applied the practical expedients and the fixed consideration related to future minimum guarantees discussed above.
Disaggregation of Revenue
The following tables disaggregate our revenues by channel and geography, which provides a meaningful depiction of how the nature, timing and uncertainty of revenues were affected by economic factors. The wholesale channel includes fees generated from sourcing activities as the customers and point-in-time revenue recognition are similar to other wholesale arrangements.
Three Months Ended June 2020
(In thousands) Outdoor Active Work Other Total
Channel revenues
Wholesale $ 158,506Ìý Ìý $ 241,164Ìý Ìý $ 117,604Ìý Ìý $ 1,275Ìý Ìý $ 518,549Ìý Ìý
Direct-to-consumer 180,014Ìý Ìý 324,201Ìý Ìý 40,615Ìý Ìý 44Ìý Ìý 544,874Ìý Ìý
Royalty 2,708Ìý Ìý 5,951Ìý Ìý 4,211Ìý Ìý —Ìý Ìý 12,870Ìý Ìý
Total $ 341,228Ìý Ìý $ 571,316Ìý Ìý $ 162,430Ìý Ìý $ 1,319Ìý Ìý $ 1,076,293Ìý Ìý
Geographic revenues
United States $ 152,477Ìý Ìý $ 265,507Ìý Ìý $ 114,632Ìý Ìý $ —Ìý Ìý $ 532,616Ìý Ìý
International 188,751Ìý Ìý 305,809Ìý Ìý 47,798Ìý Ìý 1,319Ìý Ìý 543,677Ìý Ìý
Total $ 341,228Ìý Ìý $ 571,316Ìý Ìý $ 162,430Ìý Ìý $ 1,319Ìý Ìý $ 1,076,293Ìý Ìý
Three Months Ended June 2019
(In thousands) Outdoor Active Work Other Total
Channel revenues
Wholesale $ 341,756Ìý Ìý $ 660,142Ìý Ìý $ 164,280Ìý Ìý $ 2,808Ìý Ìý $ 1,168,986Ìý Ìý
Direct-to-consumer 266,342Ìý Ìý 565,887Ìý Ìý 33,519Ìý Ìý 3,454Ìý Ìý 869,202Ìý Ìý
Royalty 2,522Ìý Ìý 6,097Ìý Ìý 3,847Ìý Ìý —Ìý Ìý 12,466Ìý Ìý
Total $ 610,620Ìý Ìý $ 1,232,126Ìý Ìý $ 201,646Ìý Ìý $ 6,262Ìý Ìý $ 2,050,654Ìý Ìý
Geographic revenues
United States $ 303,052Ìý Ìý $ 711,205Ìý Ìý $ 142,631Ìý Ìý $ —Ìý Ìý $ 1,156,888Ìý Ìý
International 307,568Ìý Ìý 520,921Ìý Ìý 59,015Ìý Ìý 6,262Ìý Ìý 893,766Ìý Ìý
Total $ 610,620Ìý Ìý $ 1,232,126Ìý Ìý $ 201,646Ìý Ìý $ 6,262Ìý Ìý $ 2,050,654Ìý Ìý