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Quarterly report pursuant to Section 13 or 15(d)

DISCONTINUED OPERATIONS (Tables)

v3.20.2
DISCONTINUED OPERATIONS (Tables)
 6 Months Ended
Sep. 26, 2020
Discontinued Operations and Disposal Groups [Abstract] Ìý
Schedule of Discontinued Operations Presented in Financial Statements
The following table summarizes the major line items for the Occupational Workwear business and the Jeans business that are included in the income from discontinued operations, net of tax line item in the Consolidated Statements of Operations:
Ìý Three Months Ended September Six Months Ended September
(In thousands) 2020 2019 2020 2019
Net revenues
 $ 162,310Ìý $ 213,510Ìý $ 287,643Ìý $ 769,538Ìý
Cost of goods sold
 113,147Ìý 140,990Ìý 214,617Ìý 483,944Ìý
Selling, general and administrative expenses
 34,911Ìý 42,017Ìý 68,167Ìý 238,483Ìý
Interest income, net
 180Ìý 559Ìý 473Ìý 592Ìý
Other income (expense), net
 79Ìý (41) 79Ìý (664)
Income from discontinued operations before income taxes
 14,511Ìý 31,021Ìý 5,411Ìý 47,039Ìý
Income tax expense (benefit) (a)
1,035Ìý 7,397Ìý (194) 39,467Ìý
Income from discontinued operations, net of tax
 $ 13,476Ìý $ 23,624Ìý $ 5,605Ìý $ 7,572Ìý
(a)Income tax expense for the six months ended September 2019 includes additional tax expense on nondeductible transaction costs and uncertain tax positions related to the Jeans business.
The following table summarizes the carrying amounts of major classes of assets and liabilities of discontinued operations for each of the periods presented:
(In thousands) September 2020 March 2020 September 2019
Cash and equivalents
 $ 26,846Ìý $ 39,752Ìý $ 37,693Ìý
Accounts receivable, net
 82,520Ìý 83,650Ìý 94,780Ìý
Inventories
 241,519Ìý 294,000Ìý 300,689Ìý
Other current assets
 7,773Ìý 6,701Ìý 9,054Ìý
Property, plant and equipment, net
 47,964Ìý 44,863Ìý 39,364Ìý
Intangible assets, net
 54,471Ìý 54,471Ìý 61,902Ìý
Goodwill
 43,530Ìý 43,530Ìý 49,630Ìý
Operating lease right-of-use assets
 42,445Ìý 38,941Ìý 32,265Ìý
Other assets
 5,609Ìý 5,231Ìý 4,496Ìý
Total assets of discontinued operations
 $ 552,677Ìý $ 611,139Ìý $ 629,873Ìý
Accounts payable
 $ 46,493Ìý $ 63,380Ìý $ 67,493Ìý
Accrued liabilities
 32,322Ìý 29,699Ìý 32,836Ìý
Operating lease liabilities
 34,688Ìý 35,867Ìý 30,907Ìý
Other liabilities
 5,177Ìý 2,270Ìý 2,572Ìý
Deferred income tax liabilities (a)
(4,324) (4,435) (10,250)
Total liabilities of discontinued operations
 $ 114,356Ìý $ 126,781Ìý $ 123,558Ìý
(a)Deferred income tax balances reflect ±«ÓãÖ±²¥'s consolidated netting by jurisdiction