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Quarterly report pursuant to Section 13 or 15(d)

RESTRUCTURING (Tables)

v3.22.2.2
RESTRUCTURING (Tables)
6 Months Ended
Oct. 01, 2022
Restructuring and Related Activities [Abstract] Ìý
Schedule of Activity in Restructuring
The components of the restructuring charges are as follows:
Three Months Ended September Six Months Ended September
(In thousands) 2022 2021 2022 2021
Severance and employee-related benefits $ 37,464Ìý $ 1,422Ìý $ 39,558Ìý $ 4,296Ìý
Accelerated depreciation 3,583Ìý 2,036Ìý 7,251Ìý 3,467Ìý
Contract termination and other 4,759Ìý —Ìý 5,103Ìý —Ìý
Total restructuring charges $ 45,806Ìý $ 3,458Ìý $ 51,912Ìý $ 7,763Ìý
Restructuring costs by business segment are as follows:
Three Months Ended September Six Months Ended September
(In thousands) 2022 2021 2022 2021
Outdoor $ 496Ìý $ 454Ìý $ 496Ìý $ 2,677Ìý
Active 1,478Ìý 276Ìý 1,478Ìý 1,008Ìý
Work 9Ìý 788Ìý 9Ìý 788Ìý
Corporate and other 43,823Ìý 1,940Ìý 49,929Ìý 3,290Ìý
Total $ 45,806Ìý $ 3,458Ìý $ 51,912Ìý $ 7,763Ìý
The activity in the restructuring accrual for the six-month period ended September 2022 was as follows:
(In thousands) Severance Other Total
Accrual at March 2022 $ 25,640Ìý $ 1,211Ìý $ 26,851Ìý
Charges 39,558Ìý 5,103Ìý 44,661Ìý
Cash payments and settlements (17,938) (84) (18,022)
Adjustments to accruals (2,777) 53Ìý (2,724)
Impact of foreign currency (260) (140) (400)
Accrual at September 2022 $ 44,223Ìý $ 6,143Ìý $ 50,366Ìý