REPORTABLE SEGMENT INFORMATION (Tables)
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12 Months Ended |
Apr. 03, 2021 |
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| Segment Reporting [Abstract] |
Ìý
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| Financial Information for Reportable Segments |
Financial information for ±«ÓãÖ±²¥â€™s reportable segments is as follows:
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Year Ended March |
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| (In thousands) |
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2021 |
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2020 |
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2019 |
| Segment revenues: |
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| Outdoor |
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$ |
4,127,601Ìý |
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$ |
4,643,956Ìý |
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$ |
4,649,024Ìý |
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| Active |
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4,160,856Ìý |
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4,919,427Ìý |
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4,721,792Ìý |
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| Work |
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945,680Ìý |
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886,419Ìý |
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885,748Ìý |
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| Other |
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4,693Ìý |
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38,754Ìý |
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10,323Ìý |
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| Total segment revenues |
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$ |
9,238,830Ìý
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$ |
10,488,556Ìý
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$ |
10,266,887Ìý
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| Segment profit: |
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| Outdoor |
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$ |
342,212Ìý |
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$ |
516,089Ìý |
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$ |
544,425Ìý |
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| Active |
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648,467Ìý |
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1,136,821Ìý |
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1,125,709Ìý |
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| Work |
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27,141Ìý |
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50,383Ìý |
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67,379Ìý |
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| Other |
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(5,410) |
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(6,485) |
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3,244Ìý |
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| Total segment profit |
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1,012,410Ìý
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1,696,808Ìý
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1,740,757Ìý
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Impairment of goodwill and indefinite-lived intangible assets (a)
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(12,400) |
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(323,223) |
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—Ìý |
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Corporate and other expenses (b)
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(417,038) |
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(514,430) |
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(609,714) |
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| Interest expense, net |
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(126,500) |
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(72,175) |
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(92,730) |
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| Loss on debt extinguishment |
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—Ìý |
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(59,772) |
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—Ìý |
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| Income from continuing operations before income taxes |
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$ |
456,472Ìý
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$ |
727,208Ìý
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$ |
1,038,313Ìý
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(a)Excludes $8.0Ìýmillion of impairment charges related to definite-lived intangible assets in the year ended March 2021, which are primarily recorded in the Work segment.
(b)Certain corporate overhead and other costs of $25.2 million and $105.7 million during the years ended March 2020 and 2019, respectively, previously allocated to the Work segment and the former Jeans segment for segment reporting purposes, have been reallocated to continuing operations as discussed in Note 4.
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| Reconciliation Assets |
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| (In thousands) |
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March 2021 |
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March 2020 |
| Segment assets: |
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| Outdoor |
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$ |
1,019,244Ìý |
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$ |
1,182,148Ìý |
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| Active |
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1,025,327Ìý |
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1,013,154Ìý |
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| Work |
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300,927Ìý |
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375,653Ìý |
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| Other |
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14,361Ìý |
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31,008Ìý |
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| Total segment assets |
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2,359,859Ìý |
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2,601,963Ìý |
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| Cash and equivalents |
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815,750Ìý |
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1,369,028Ìý |
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| Short-term investments |
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598,806Ìý |
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—Ìý |
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| Property, plant and equipment, net |
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975,876Ìý |
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954,406Ìý |
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| Intangible assets and goodwill |
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5,454,972Ìý |
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3,010,564Ìý |
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| Operating lease right-of-use assets |
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1,474,434Ìý |
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1,273,514Ìý |
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| Other assets |
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1,486,754Ìý |
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1,312,637Ìý |
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| Assets of discontinued operations |
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587,578Ìý |
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611,139Ìý |
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| Consolidated assets |
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$ |
13,754,029Ìý
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$ |
11,133,251Ìý
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| Reconciliation of Capital Expenditures and Depreciation and Amortization Expense |
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| (In thousands) |
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March 2021 |
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March 2020 |
| Segment assets: |
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| Outdoor |
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$ |
1,019,244Ìý |
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$ |
1,182,148Ìý |
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| Active |
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1,025,327Ìý |
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1,013,154Ìý |
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| Work |
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300,927Ìý |
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375,653Ìý |
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| Other |
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14,361Ìý |
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31,008Ìý |
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| Total segment assets |
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2,359,859Ìý |
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2,601,963Ìý |
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| Cash and equivalents |
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815,750Ìý |
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1,369,028Ìý |
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| Short-term investments |
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598,806Ìý |
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—Ìý |
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| Property, plant and equipment, net |
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975,876Ìý |
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954,406Ìý |
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| Intangible assets and goodwill |
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5,454,972Ìý |
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3,010,564Ìý |
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| Operating lease right-of-use assets |
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1,474,434Ìý |
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1,273,514Ìý |
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| Other assets |
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1,486,754Ìý |
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1,312,637Ìý |
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| Assets of discontinued operations |
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587,578Ìý |
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611,139Ìý |
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| Consolidated assets |
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$ |
13,754,029Ìý
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$ |
11,133,251Ìý
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Year Ended March |
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| (In thousands) |
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2021 |
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2020 |
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2019 |
| Depreciation and amortization expense: |
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| Outdoor |
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$ |
94,841Ìý |
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$ |
91,657Ìý |
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$ |
82,259Ìý |
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| Active |
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80,245Ìý |
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80,562Ìý |
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73,395Ìý |
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| Work |
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20,785Ìý |
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14,856Ìý |
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21,492Ìý |
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| Other |
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73,210Ìý |
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80,544Ìý |
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78,583Ìý |
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$ |
269,081Ìý
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$ |
267,619Ìý
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$ |
255,729Ìý
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| Supplemental Information (with Revenues by Geographic Area Based on the Origin of Shipment) |
Supplemental information (with revenues by geographic area based on the origin of the shipment) is as follows:
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Year Ended March |
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| (In thousands) |
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2021 |
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2020 |
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2019 |
| Total revenues: |
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| U.S. |
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$ |
4,635,704Ìý |
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$ |
5,520,317Ìý |
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$ |
5,346,225Ìý |
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| Foreign, primarily Europe |
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4,603,126Ìý |
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4,968,239Ìý |
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4,920,662Ìý |
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$ |
9,238,830Ìý
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$ |
10,488,556Ìý
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$ |
10,266,887Ìý
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| Property, plant and equipment: |
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| U.S. |
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$ |
621,777Ìý |
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$ |
608,058Ìý |
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| Foreign, primarily Europe |
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354,099Ìý |
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346,348Ìý |
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$ |
975,876Ìý
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$ |
954,406Ìý
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