ÂÒÂ×°ÍÊ¿

Quarterly report pursuant to Section 13 or 15(d)

RESTRUCTURING (Tables)

v3.24.4
RESTRUCTURING (Tables)
 9 Months Ended
Dec. 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 within ÂÒÂ×°ÍÊ¿'s Consolidated Statement of Operations for the three and nine months ended December 2024 and 2023, and the cumulative charges recorded since the inception of Reinvent were as follows:
Three Months Ended December Nine Months Ended December Cumulative Charges
(In thousands) 2024 2023 2024 2023
Type of Cost Location
Severance and employee-related benefits SG&A expenses $ 16,976Ìý $ 27,392Ìý $ 36,275Ìý $ 27,392Ìý $ 101,097Ìý
Severance and employee-related benefits CostÌýofÌýgoodsÌýsold —Ìý 4,210Ìý 181Ìý 4,210Ìý 4,691Ìý
Contract termination and other SG&A expenses —Ìý —Ìý 737Ìý —Ìý 737Ìý
Contract termination and other CostÌýofÌýgoodsÌýsold —Ìý —Ìý 157Ìý —Ìý 157Ìý
Asset impairments and write-downs SG&A expenses —Ìý 18,739Ìý 500Ìý 18,739Ìý 39,886Ìý
Pension withdrawal SG&A expenses —Ìý —Ìý 3,619Ìý —Ìý 3,619Ìý
Curtailment gains Other income (expense), net (638) —Ìý (638) —Ìý (638)
Accelerated depreciation SG&A expenses 50Ìý —Ìý 929Ìý —Ìý 929Ìý
Accelerated depreciation CostÌýofÌýgoodsÌýsold —Ìý —Ìý 17Ìý —Ìý 17Ìý
Total Reinvent Restructuring Charges $ 16,388Ìý $ 50,341Ìý $ 41,777Ìý $ 50,341Ìý $ 150,495Ìý
The type of cost and respective location of Other Restructuring Charges within ÂÒÂ×°ÍÊ¿'s Consolidated Statement of Operations for the three and nine months ended December 2024 and 2023 were as follows:
Three Months Ended December Nine Months Ended December
(In thousands) 2024 2023 2024 2023
Type of Cost Location
Severance and employee-related benefits SG&A expenses $ —Ìý $ —Ìý $ —Ìý $ 676Ìý
Contract termination and other SG&A expenses —Ìý 435Ìý 591Ìý 889Ìý
Total Other Restructuring Charges $ —Ìý $ 435Ìý $ 591Ìý $ 1,565Ìý
Other Restructuring Charges by business segment were as follows:
Three Months Ended December Nine Months Ended December
(In thousands) 2024 2023 2024 2023
Outdoor $ —Ìý $ —Ìý $ —Ìý $ 242Ìý
Active —Ìý —Ìý —Ìý 434Ìý
Work —Ìý —Ìý —Ìý —Ìý
Corporate and other —Ìý 435Ìý 591Ìý 889Ìý
Total $ —Ìý $ 435Ìý $ 591Ìý $ 1,565Ìý
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 nine-month period ended December 2024 was as follows:
(In thousands) Severance Other Total
Accrual at March 2024 $ 60,160Ìý $ 345Ìý $ 60,505Ìý
Charges 36,456Ìý 894Ìý 37,350Ìý
Cash payments and settlements (39,761) (902) (40,663)
Adjustments to accruals (1,647) —Ìý (1,647)
Impact of foreign currency (595) —Ìý (595)
Accrual at December 2024 $ 54,613Ìý $ 337Ìý $ 54,950Ìý