±«ÓãÖ±²¥

Annual report pursuant to Section 13 and 15(d)

REPORTABLE SEGMENT INFORMATION (Tables)

v3.20.1
REPORTABLE SEGMENT INFORMATION (Tables)
12 Months Ended
Mar. 28, 2020
Segment Reporting [Abstract] Ìý
Financial Information for Reportable Segments
Financial information for ±«ÓãÖ±²¥â€™s reportable segments is as follows:
Ìý
Ìý
Year Ended March
Ìý
Three Months
Ended March
(Transition Period)
Ìý
Year Ended December
Ìý
Ìý
Ìý
Ìý
Ìý
Ìý
Ìý
Ìý
Ìý
Ìý
(In thousands)
Ìý
2020
Ìý
Ìý
2019
Ìý
2018
Ìý
2017
Segment revenues:
Ìý
Ìý
Ìý
Ìý
Ìý
Ìý
Ìý
Ìý
Ìý
Outdoor
Ìý
$
4,643,956

Ìý
Ìý
$
4,649,024

Ìý
$
888,039

Ìý
$
4,208,958

Active
Ìý
4,919,427

Ìý
Ìý
4,721,792

Ìý
1,071,598

Ìý
3,791,737

Work
Ìý
886,419

Ìý
Ìý
885,748

Ìý
221,909

Ìý
393,989

Other
Ìý
38,754

Ìý
Ìý
10,323

Ìý
—

Ìý
—

Total segment revenues
Ìý
$
10,488,556

Ìý
Ìý
$
10,266,887

Ìý
$
2,181,546

Ìý
$
8,394,684

Segment profit:
Ìý
Ìý
Ìý
Ìý
Ìý
Ìý
Ìý
Ìý
Ìý
Outdoor
Ìý
$
516,089

Ìý
Ìý
$
544,425

Ìý
$
44,673

Ìý
$
537,543

Active
Ìý
1,136,821

Ìý
Ìý
1,125,709

Ìý
237,620

Ìý
805,843

Work
Ìý
50,383

Ìý
Ìý
67,379

Ìý
11,546

Ìý
42,612

Other
Ìý
(6,485
)
Ìý
Ìý
3,244

Ìý
—

Ìý
—

Total segment profit
Ìý
1,696,808

Ìý
Ìý
1,740,757

Ìý
293,839

Ìý
1,385,998

Impairment of goodwill
Ìý
(323,223
)
Ìý
Ìý
—

Ìý
—

Ìý
—

Corporate and other expenses (a)
Ìý
(514,430
)
Ìý
Ìý
(609,714
)
Ìý
(139,941
)
Ìý
(509,147
)
Interest expense, net
Ìý
(72,175
)
Ìý
Ìý
(92,730
)
Ìý
(22,582
)
Ìý
(88,972
)
Loss on debt extinguishment
Ìý
(59,772
)
Ìý
Ìý
—

Ìý
—

Ìý
—

Income from continuing operations before income taxes
Ìý
$
727,208

Ìý
Ìý
$
1,038,313

Ìý
$
131,316

Ìý
$
787,879


(a)Ìý
Certain corporate overhead and other costs of $25.2 million, $105.7 million, $33.6 million and $120.4 million during the years ended March 2020 and March 2019, the three months ended March 2018 and the year ended December 2017, respectively, previously allocated to the Work segment and the former Jeans, Sportswear, Imagewear and Outdoor & Action Sports segments for segment reporting purposes, have been reallocated to continuing operations as discussed in Note 4.
Reconciliation Assets
(In thousands)
Ìý
March 2020
Ìý
Ìý
March 2019
Segment assets:
Ìý
Ìý
Ìý
Ìý
Ìý
Outdoor
Ìý
$
1,182,148

Ìý
Ìý
$
1,108,274

Active
Ìý
1,013,154

Ìý
Ìý
981,033

Work
Ìý
375,653

Ìý
Ìý
356,119

Other
Ìý
31,008

Ìý
Ìý
100,301

Total segment assets
Ìý
2,601,963

Ìý
Ìý
2,545,727

Cash and equivalents
Ìý
1,369,028

Ìý
Ìý
402,226

Property, plant and equipment, net
Ìý
954,406

Ìý
Ìý
876,093

Intangible assets and goodwill
Ìý
3,010,564

Ìý
Ìý
3,399,141

Operating lease right-of-use assets
Ìý
1,273,514

Ìý
Ìý
—

Other assets
Ìý
1,312,637

Ìý
Ìý
1,194,094

Assets of discontinued operations
Ìý
611,139

Ìý
Ìý
1,939,504

Consolidated assets
Ìý
$
11,133,251

Ìý
Ìý
$
10,356,785


Reconciliation of Capital Expenditures and Depreciation and Amortization Expense
(In thousands)
Ìý
March 2020
Ìý
Ìý
March 2019
Segment assets:
Ìý
Ìý
Ìý
Ìý
Ìý
Outdoor
Ìý
$
1,182,148

Ìý
Ìý
$
1,108,274

Active
Ìý
1,013,154

Ìý
Ìý
981,033

Work
Ìý
375,653

Ìý
Ìý
356,119

Other
Ìý
31,008

Ìý
Ìý
100,301

Total segment assets
Ìý
2,601,963

Ìý
Ìý
2,545,727

Cash and equivalents
Ìý
1,369,028

Ìý
Ìý
402,226

Property, plant and equipment, net
Ìý
954,406

Ìý
Ìý
876,093

Intangible assets and goodwill
Ìý
3,010,564

Ìý
Ìý
3,399,141

Operating lease right-of-use assets
Ìý
1,273,514

Ìý
Ìý
—

Other assets
Ìý
1,312,637

Ìý
Ìý
1,194,094

Assets of discontinued operations
Ìý
611,139

Ìý
Ìý
1,939,504

Consolidated assets
Ìý
$
11,133,251

Ìý
Ìý
$
10,356,785


Ìý
Ìý
Year Ended March
Ìý
Three Months
Ended March
(Transition Period)
Ìý
Year Ended December
Ìý
Ìý
Ìý
Ìý
Ìý
Ìý
Ìý
Ìý
Ìý
Ìý
(In thousands)
Ìý
2020
Ìý
Ìý
2019
Ìý
2018
Ìý
2017
Depreciation and amortization expense:
Ìý
Ìý
Ìý
Ìý
Ìý
Ìý
Ìý
Ìý
Ìý
Outdoor
Ìý
$
91,657

Ìý
Ìý
$
82,259

Ìý
$
16,998

Ìý
$
86,838

Active
Ìý
80,562

Ìý
Ìý
73,395

Ìý
18,953

Ìý
70,219

Work
Ìý
14,856

Ìý
Ìý
21,492

Ìý
7,524

Ìý
7,219

Corporate
Ìý
80,544

Ìý
Ìý
78,583

Ìý
16,119

Ìý
74,044

Ìý
Ìý
$
267,619

Ìý
Ìý
$
255,729

Ìý
$
59,594

Ìý
$
238,320


Supplemental Information (with Revenues by Geographic Area Based on Location of Customer)
Supplemental information (with revenues by geographic area based on the origin of the shipment) is as follows:
Ìý
Ìý
Year Ended March
Ìý
Three Months
Ended March
(Transition Period)
Ìý
Year Ended December
Ìý
Ìý
Ìý
Ìý
Ìý
Ìý
Ìý
Ìý
Ìý
Ìý
(In thousands)
Ìý
2020
Ìý
Ìý
2019
Ìý
2018
Ìý
2017
Total revenues:
Ìý
Ìý
Ìý
Ìý
Ìý
Ìý
Ìý
Ìý
Ìý
U.S.
Ìý
$
5,520,317

Ìý
Ìý
$
5,346,225

Ìý
$
1,018,024

Ìý
$
4,311,104

Foreign, primarily Europe
Ìý
4,968,239

Ìý
Ìý
4,920,662

Ìý
1,163,522

Ìý
4,083,580

Ìý
Ìý
$
10,488,556

Ìý
Ìý
$
10,266,887

Ìý
$
2,181,546

Ìý
$
8,394,684

Property, plant and equipment:
Ìý
Ìý
Ìý
Ìý
Ìý
Ìý
Ìý
Ìý
Ìý
U.S.
Ìý
$
608,058

Ìý
Ìý
$
493,531

Ìý
Ìý
Ìý
Ìý
Foreign, primarily Europe
Ìý
346,348

Ìý
Ìý
382,562

Ìý
Ìý
Ìý
Ìý
Ìý
Ìý
$
954,406

Ìý
Ìý
$
876,093

Ìý
Ìý
Ìý