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Quarterly report pursuant to Section 13 or 15(d)

RESTRUCTURING (Tables)

v3.21.4
RESTRUCTURING (Tables)
9 Months Ended
Jan. 01, 2022
Restructuring and Related Activities [Abstract] Ìý
Activity in Restructuring
The components of the restructuring charges are as follows:
Three Months Ended December Nine Months Ended December
(In thousands) 2021 2020 2021 2020
Severance and employee-related benefits $ 3,056Ìý $ 24,545Ìý $ 7,352Ìý $ 52,937Ìý
Asset impairments —Ìý —Ìý —Ìý 10,557Ìý
Accelerated depreciation 590Ìý 3,429Ìý 4,057Ìý 10,093Ìý
Inventory write-downs —Ìý 7,115Ìý —Ìý 7,115Ìý
Contract termination and other —Ìý 3,107Ìý —Ìý 3,324Ìý
Total restructuring charges $ 3,646Ìý $ 38,196Ìý $ 11,409Ìý $ 84,026Ìý
Restructuring costs by business segment are as follows:
Three Months Ended December Nine Months Ended December
(In thousands) 2021 2020 2021 2020
Outdoor $ 1,529Ìý $ 2,676Ìý $ 4,206Ìý $ 9,271Ìý
Active —Ìý 3,275Ìý 1,008Ìý 3,938Ìý
Work 1,527Ìý 8,409Ìý 2,315Ìý 27,216Ìý
Other 590Ìý 23,836Ìý 3,880Ìý 43,601Ìý
Total $ 3,646Ìý $ 38,196Ìý $ 11,409Ìý $ 84,026Ìý
The activity in the restructuring accrual for the nine-month period ended December 2021 was as follows:
(In thousands) Severance Other Total
Accrual at March 2021 $ 59,810Ìý $ 6,944Ìý $ 66,754Ìý
Charges 7,352Ìý —Ìý 7,352Ìý
Cash payments and settlements (36,130) (5,680) (41,810)
Adjustments to accruals (970) (40) (1,010)
Impact of foreign currency (155) (80) (235)
Accrual at December 2021 $ 29,907Ìý $ 1,144Ìý $ 31,051Ìý