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Annual report pursuant to Section 13 and 15(d)

RESTRUCTURING (Tables)

v3.22.1
RESTRUCTURING (Tables)
12 Months Ended
Apr. 02, 2022
Restructuring and Related Activities [Abstract] Ìý
Components of Restructuring Charges
The components of the restructuring charges are as follows:
Year Ended March
(In thousands) 2022 2021 2020
Severance and employee-related benefits $ 12,283Ìý $ 64,972Ìý $ 21,899Ìý
Asset impairments —Ìý 23,087Ìý 5,211Ìý
Accelerated depreciation 7,016Ìý 11,266Ìý —Ìý
Inventory write-downs —Ìý 10,658Ìý 1,119Ìý
Contract termination and other 703Ìý 9,023Ìý 3,618Ìý
Total restructuring charges $ 20,002Ìý $ 119,006Ìý $ 31,847Ìý
Restructuring costs by business segment are as follows:
Year Ended March
(In thousands) 2022 2021 2020
Outdoor $ 4,523Ìý $ 14,081Ìý $ 7,094Ìý
Active 1,008Ìý 20,958Ìý 3,210Ìý
Work 2,315Ìý 31,907Ìý 2,193Ìý
Other 12,156Ìý 52,060Ìý 19,350Ìý
Total $ 20,002Ìý $ 119,006Ìý $ 31,847Ìý
Activity in Restructuring Accrual
The activity in the restructuring accrual is as follows:
(In thousands) Severance Other Total
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
Charges 12,283Ìý 703Ìý 12,986Ìý
Cash payments and settlements (43,886) (5,694) (49,580)
Adjustments to accruals (2,320) (647) (2,967)
Impact of foreign currency (247) (95) (342)
Accrual at March 2022 $ 25,640Ìý $ 1,211Ìý $ 26,851Ìý