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Quarterly report pursuant to Section 13 or 15(d)

RESTRUCTURING (Tables)

v3.23.3
RESTRUCTURING (Tables)
 6 Months Ended
Sep. 30, 2023
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) 2023 2022 2023 2022
Severance and employee-related benefits $ —Ìý $ 37,464Ìý $ 676Ìý $ 39,558Ìý
Accelerated depreciation —Ìý 3,583Ìý —Ìý 7,251Ìý
Contract termination and other 435Ìý 4,759Ìý 454Ìý 5,103Ìý
Total restructuring charges $ 435Ìý $ 45,806Ìý $ 1,130Ìý $ 51,912Ìý
Restructuring costs by business segment are as follows:
Three Months Ended September Six Months Ended September
(In thousands) 2023 2022 2023 2022
Outdoor $ —Ìý $ 496Ìý $ 242Ìý $ 496Ìý
Active —Ìý 1,478Ìý 434Ìý 1,478Ìý
Work —Ìý 9Ìý —Ìý 9Ìý
Corporate and other 435Ìý 43,823Ìý 454Ìý 49,929Ìý
Total $ 435Ìý $ 45,806Ìý $ 1,130Ìý $ 51,912Ìý
The activity in the restructuring accrual for the six-month period ended September 2023 was as follows:
(In thousands) Severance Other Total
Accrual at March 2023 $ 38,721Ìý $ 6,545Ìý $ 45,266Ìý
Charges 676Ìý —Ìý 676Ìý
Cash payments and settlements (16,440) (4,380) (20,820)
Adjustments to accruals (3,015) (582) (3,597)
Impact of foreign currency (52) —Ìý (52)
Accrual at September 2023 $ 19,890Ìý $ 1,583Ìý $ 21,473Ìý