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Annual report pursuant to Section 13 and 15(d)

DISCONTINUED OPERATIONS (Tables)

v3.23.1
DISCONTINUED OPERATIONS (Tables)
 12 Months Ended
Apr. 01, 2023
Discontinued Operations and Disposal Groups [Abstract] Ìý
Schedule of Discontinued Operations Presented in Financial Statements
The following table summarizes the major line items for the Occupational Workwear business that are included in the income from discontinued operations, net of tax line item in the Consolidated Statements of Operations:
Year Ended March
(In thousands)
2023 (a)
2022 2021
Net revenues $ —Ìý $ 181,424Ìý $ 671,574Ìý
Cost of goods sold —Ìý 117,193Ìý 471,652Ìý
Selling, general and administrative expenses —Ìý 38,735Ìý 143,259Ìý
Interest income, net —Ìý 194Ìý 312Ìý
Other income (expense), net —Ìý 6Ìý 365Ìý
Income from discontinued operations before income taxes —Ìý 25,696Ìý 57,340Ìý
Gain on the sale of discontinued operations before income taxes —Ìý 133,970Ìý —Ìý
Total income from discontinued operations before income taxes —Ìý 159,666Ìý 57,340Ìý
Income tax expense (benefit) (b)
—Ìý (11,006) 4,377Ìý
Income from discontinued operations, net of tax $ —Ìý $ 170,672Ìý $ 52,963Ìý
(a)There was no activity during the year ended March 2023.
(b)Income tax benefit for the year ended March 2022 included $12.0Ìýmillion of deferred tax benefit related to capital and other losses realized upon the sale of the Occupational Workwear business.