| Schedule of Activity in Restructuring |
The components of the restructuring charges are as follows:
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Three Months Ended December |
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Nine Months Ended December |
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| (In thousands) |
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2023 |
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2022 |
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2023 |
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2022 |
| Severance and employee-related benefits |
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$ |
31,602Ìý |
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$ |
10,607Ìý |
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$ |
32,278Ìý |
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$ |
50,165Ìý |
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| Asset impairments and write-downs |
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18,739Ìý |
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—Ìý |
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18,739Ìý |
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—Ìý |
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| Accelerated depreciation |
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—Ìý |
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25Ìý |
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—Ìý |
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7,276Ìý |
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| Contract termination and other |
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435Ìý |
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460Ìý |
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889Ìý |
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5,563Ìý |
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| Total restructuring charges |
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$ |
50,776Ìý
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$ |
11,092Ìý
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$ |
51,906Ìý
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$ |
63,004Ìý
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Restructuring costs by business segment are as follows:
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Three Months Ended December |
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Nine Months Ended December |
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| (In thousands) |
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2023 |
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2022 |
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2023 |
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2022 |
| Outdoor |
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$ |
—Ìý |
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$ |
391Ìý |
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$ |
242Ìý |
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$ |
887Ìý |
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| Active |
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—Ìý |
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—Ìý |
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434Ìý |
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1,478Ìý |
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| Work |
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—Ìý |
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—Ìý |
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—Ìý |
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9Ìý |
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| Corporate and other |
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50,776Ìý |
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10,701Ìý |
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51,230Ìý |
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60,630Ìý |
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| Total |
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$ |
50,776Ìý
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$ |
11,092Ìý
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$ |
51,906Ìý
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$ |
63,004Ìý
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The activity in the restructuring accrual for the nine-month period ended December 2023 was as follows:
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| (In thousands) |
Severance |
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Other |
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Total |
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| Accrual at March 2023 |
$ |
38,721Ìý
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$ |
6,545Ìý
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$ |
45,266Ìý
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| Charges |
32,278Ìý |
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—Ìý |
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32,278Ìý |
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| Cash payments and settlements |
(24,574) |
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(4,839) |
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(29,413) |
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| Adjustments to accruals |
(2,398) |
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(582) |
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(2,980) |
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| Impact of foreign currency |
37Ìý |
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26Ìý |
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63Ìý |
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| Accrual at December 2023 |
$ |
44,064Ìý
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$ |
1,150Ìý
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$ |
45,214Ìý
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