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Annual report pursuant to Section 13 and 15(d)

RESTRUCTURING (Tables)

v3.24.1.1.u2
RESTRUCTURING (Tables)
12 Months Ended
Mar. 30, 2024
Restructuring and Related Activities [Abstract] Ìý
Schedule of Activity in Restructuring
The components of the restructuring charges are as follows:
Year Ended March
(In thousands) 2024 2023 2022
Severance and employee-related benefits $ 70,008Ìý $ 57,433Ìý $ 12,283Ìý
Asset impairments and write-downs 39,386Ìý —Ìý —Ìý
Accelerated depreciation —Ìý 8,016Ìý 7,016Ìý
Contract termination and other 1,326Ìý 10,289Ìý 703Ìý
Total restructuring charges $ 110,720Ìý $ 75,738Ìý $ 20,002Ìý
Restructuring costs by business segment are as follows:
Year Ended March
(In thousands) 2024 2023 2022
Outdoor $ 242Ìý $ 1,088Ìý $ 4,523Ìý
Active 434Ìý 1,478Ìý 1,008Ìý
Work —Ìý 9Ìý 2,315Ìý
Corporate and other 110,044Ìý 73,163Ìý 12,156Ìý
Total $ 110,720Ìý $ 75,738Ìý $ 20,002Ìý
The activity in the restructuring accrual was as follows:
(In thousands) Severance Other Total
Accrual at March 2022 $ 25,640Ìý $ 1,211Ìý $ 26,851Ìý
Charges 57,433Ìý 5,190Ìý 62,623Ìý
Cash payments and settlements (41,338) (345) (41,683)
Adjustments to accruals (3,236) 40Ìý (3,196)
Impact of foreign currency 222Ìý 449Ìý 671Ìý
Accrual at March 2023 38,721Ìý 6,545Ìý 45,266Ìý
Charges 70,008Ìý —Ìý 70,008Ìý
Cash payments and settlements (42,684) (5,923) (48,607)
Adjustments to accruals (5,660) (287) (5,947)
Impact of foreign currency (54) 10Ìý (44)
Accrual at March 2024 $ 60,331Ìý $ 345Ìý $ 60,676Ìý