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Annual report pursuant to Section 13 and 15(d)

RESTRUCTURING (Tables)

v3.21.1
RESTRUCTURING (Tables)
12 Months Ended
Apr. 03, 2021
Restructuring and Related Activities [Abstract] Ìý
Components of Restructuring Charges
The components of the restructuring charges are as follows:
Year Ended March
(In thousands) 2021 2020 2019
Severance and employee-related benefits $ 64,972Ìý $ 21,899Ìý $ 46,724Ìý
Asset impairments 23,087Ìý 5,211Ìý 4,109Ìý
Accelerated depreciation 11,266Ìý —Ìý —Ìý
Inventory write-downs 10,658Ìý 1,119Ìý 2,171Ìý
Contract termination and other 9,023Ìý 3,618Ìý 10,092Ìý
Total restructuring charges $ 119,006Ìý $ 31,847Ìý $ 63,096Ìý
Restructuring costs by business segment are as follows:
Year Ended March
(In thousands) 2021 2020 2019
Outdoor $ 14,081Ìý $ 7,094Ìý $ 38,952Ìý
Active 20,958Ìý 3,210Ìý 13,579Ìý
Work 31,907Ìý 2,193Ìý 5,587Ìý
Other 52,060Ìý 19,350Ìý 4,978Ìý
Total $ 119,006Ìý $ 31,847Ìý $ 63,096Ìý
Activity in Restructuring Accrual
The activity in the restructuring accrual is as follows:
(In thousands) Severance Other Total
Accrual at March 2019 $ 56,218Ìý $ 11,002Ìý $ 67,220Ìý
Charges 21,899Ìý 3,618Ìý 25,517Ìý
Cash payments and settlements (39,728) (11,997) (51,725)
Adjustments to accruals 2,181Ìý 1,159Ìý 3,340Ìý
Impact of foreign currency (2,518) (894) (3,412)
Accrual at March 2020 38,052Ìý 2,888Ìý 40,940Ìý
Charges 64,972Ìý 9,393Ìý 74,365Ìý
Cash payments and settlements (46,258) (4,285) (50,543)
Adjustments to accruals 3,206Ìý (1,218) 1,988Ìý
Impact of foreign currency (162) 166Ìý 4Ìý
Accrual at March 2021 $ 59,810Ìý $ 6,944Ìý $ 66,754Ìý