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Annual report pursuant to Section 13 and 15(d)

RESTRUCTURING (Tables)

v3.20.1
RESTRUCTURING (Tables)
12 Months Ended
Mar. 28, 2020
Restructuring and Related Activities [Abstract] Ìý
Components of Restructuring Charges
The components of the restructuring charges are as follows:
(In thousands)
Ìý
Year Ended March 2020 Charges
Ìý
Ìý
Year Ended March 2019 Charges
Ìý
Three Months Ended March 2018 Charges
Ìý
Year Ended December 2017 Charges
Severance and employee-related benefits
Ìý
$
21,899

Ìý
Ìý
$
46,724

Ìý
$
11,472

Ìý
$
11,723

Asset impairments
Ìý
5,211

Ìý
Ìý
4,109

Ìý
—

Ìý
—

Inventory write-downs
Ìý
1,119

Ìý
Ìý
2,171

Ìý
—

Ìý
—

Contract termination and other
Ìý
3,618

Ìý
Ìý
10,092

Ìý
—

Ìý
4,436

Total restructuring charges
Ìý
$
31,847

Ìý
Ìý
$
63,096

Ìý
$
11,472

Ìý
$
16,159


Restructuring costs by business segment are as follows:
(In thousands)
Ìý
Year Ended March 2020 Charges
Ìý
Ìý
Year Ended March 2019 Charges
Ìý
Three Months Ended March 2018 Charges
Ìý
Year Ended December 2017 Charges
Outdoor
Ìý
$
7,094

Ìý
Ìý
$
38,952

Ìý
$
4,550

Ìý
$
10,393

Active
Ìý
3,210

Ìý
Ìý
13,579

Ìý
—

Ìý
2,400

Work
Ìý
2,193

Ìý
Ìý
5,587

Ìý
6,922

Ìý
—

Corporate
Ìý
19,350

Ìý
Ìý
4,978

Ìý
—

Ìý
3,366

Total
Ìý
$
31,847

Ìý
Ìý
$
63,096

Ìý
$
11,472

Ìý
$
16,159


Activity in Restructuring Accrual
The activity in the restructuring accrual is as follows:
(In thousands)
Ìý
Severance
Ìý
Other
Ìý
Total
Ìý
Accrual at March 2018
Ìý
$
27,407

Ìý
$
444

Ìý
$
27,851

Ìý
Charges
Ìý
46,724

Ìý
10,092

Ìý
56,816

Ìý
Retained discontinued operations accruals
Ìý
13,808

Ìý
4,849

Ìý
18,657

Ìý
Cash payments and settlements
Ìý
(26,054
)
Ìý
(4,248
)
Ìý
(30,302
)
Ìý
Adjustments to accruals
Ìý
(5,396
)
Ìý
100

Ìý
(5,296
)
Ìý
Impact of foreign currency
Ìý
(271
)
Ìý
(235
)
Ìý
(506
)
Ìý
Accrual at March 2019
Ìý
56,218

Ìý
11,002

Ìý
67,220

Ìý
Charges
Ìý
21,899

Ìý
3,618

Ìý
25,517

Ìý
Cash payments and settlements
Ìý
(39,728
)
Ìý
(11,997
)
Ìý
(51,725
)
Ìý
Adjustments to accruals
Ìý
2,181

Ìý
1,159

Ìý
3,340

Ìý
Impact of foreign currency
Ìý
(2,518
)
Ìý
(894
)
Ìý
(3,412
)
Ìý
Accrual at March 2020
Ìý
$
38,052

Ìý
$
2,888

Ìý
$
40,940

Ìý