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Quarterly report pursuant to Section 13 or 15(d)

RESTRUCTURING (Tables)

v3.24.3
RESTRUCTURING (Tables)
 6 Months Ended
Sep. 28, 2024
Restructuring and Related Activities [Abstract] Ìý
Schedule of Restructuring and Related Costs
The type of cost and respective location of restructuring charges related to Reinvent for the three and six months ended September 2024, and the cumulative charges recorded since the inception of Reinvent were as follows:
(In thousands) Three Months Ended September 2024 Six Months Ended September 2024
Cumulative Charges
Type of Cost Statement of Operations Location
Severance and employee-related benefits Selling, general and administrative expenses $ 8,158Ìý $ 19,299Ìý $ 84,121Ìý
Severance and employee-related benefits CostÌýofÌýgoodsÌýsold —Ìý 181Ìý 4,691Ìý
Contract termination and other Selling, general and administrative expenses —Ìý 737Ìý 737Ìý
Contract termination and other CostÌýofÌýgoodsÌýsold —Ìý 157Ìý 157Ìý
Asset impairments and write-downs Selling, general and administrative expenses —Ìý 500Ìý 39,886Ìý
Pension withdrawal Selling, general and administrative expenses 3,619Ìý 3,619Ìý 3,619Ìý
Accelerated depreciation Selling, general and administrative expenses 18Ìý 879Ìý 879Ìý
Accelerated depreciation CostÌýofÌýgoodsÌýsold —Ìý 17Ìý 17Ìý
Total Reinvent Restructuring Charges $ 11,795Ìý $ 25,389Ìý $ 134,107Ìý
The type of cost and respective location of Other Restructuring Charges for the three and six months ended September 2024 and 2023 were as follows:
Three Months Ended September Six Months Ended September
(In thousands) 2024 2023 2024 2023
Type of Cost Statement of Operations Location
Severance and employee-related benefits Selling, general and administrative expenses $ —Ìý $ —Ìý $ —Ìý $ 676Ìý
Contract termination and other Selling, general and administrative expenses 154Ìý 435Ìý 591Ìý 454Ìý
Total Other Restructuring Charges $ 154Ìý $ 435Ìý $ 591Ìý $ 1,130Ìý
Other Restructuring Charges by business segment were as follows:
Three Months Ended September Six Months Ended September
(In thousands) 2024 2023 2024 2023
Outdoor $ —Ìý $ —Ìý $ —Ìý $ 242Ìý
Active —Ìý —Ìý —Ìý 434Ìý
Work —Ìý —Ìý —Ìý —Ìý
Corporate and other 154Ìý 435Ìý 591Ìý 454Ìý
Total $ 154Ìý $ 435Ìý $ 591Ìý $ 1,130Ìý
Schedule of Components of Restructuring Charges, Other Restructuring Charges, Restructuring Costs by Business Segment and Activity in Restructuring Accrual
The activity in the restructuring accrual related to Reinvent and Other Restructuring Charges for the six-month period ended September 2024 was as follows:
(In thousands) Severance Other Total
Accrual at March 2024 $ 60,160Ìý $ 345Ìý $ 60,505Ìý
Charges 19,480Ìý 894Ìý 20,374Ìý
Cash payments and settlements (23,041) (902) (23,943)
Adjustments to accruals (292) —Ìý (292)
Impact of foreign currency 56Ìý —Ìý 56Ìý
Accrual at September 2024 $ 56,363Ìý $ 337Ìý $ 56,700Ìý