±«ÓãÖ±²¥

Annual report pursuant to Section 13 and 15(d)

ACQUISITION (Tables)

v3.22.1
ACQUISITION (Tables)
 12 Months Ended
Apr. 02, 2022
Business Combination and Asset Acquisition [Abstract] Ìý
Schedule of Assets Acquired and Liabilities Assumed
The following table summarizes the estimated fair values of the Supreme assets acquired and liabilities assumed at the date of acquisition:
(In thousands) December 28, 2020
Cash and equivalents $ 218,104Ìý
Accounts receivable 19,698Ìý
Inventories 44,937Ìý
Other current assets 40,912Ìý
Property, plant and equipment 18,914Ìý
Intangible asset 1,201,000Ìý
Operating lease right-of-use assets 55,668Ìý
Other assets 58,479Ìý
Total assets acquired 1,657,712Ìý
Accounts payable 25,717Ìý
Other current liabilities 81,816Ìý
Operating lease liabilities 53,062Ìý
Deferred income tax liabilities 280,971Ìý
Other liabilities 35,245Ìý
Total liabilities assumed 476,811Ìý
Net assets acquired 1,180,901Ìý
Goodwill 1,249,594Ìý
Purchase price $ 2,430,495Ìý
Preliminary Purchase Price
The purchase price consisted of the following components:
(In thousands) December 28, 2020
Cash consideration $ 2,223,495Ìý
Contingent consideration 207,000Ìý
Purchase price $ 2,430,495Ìý
Unaudited Pro Forma Summary
The following unaudited pro forma summary presents consolidated information of ±«ÓãÖ±²¥ as if the acquisition of Supreme had occurred on March 31, 2019:
Year Ended March
(unaudited)
(In thousands, except per share amounts) 2021 2020
Total revenues $ 9,677,141Ìý $ 10,986,770Ìý
Income from continuing operations 457,330Ìý 690,450Ìý
Earnings per common share from continuing operations
Basic $ 1.17Ìý $ 1.75Ìý
Diluted 1.17Ìý 1.73Ìý