±«ÓãÖ±²¥

Annual report [Section 13 and 15(d), not S-K Item 405]

REPORTABLE SEGMENT INFORMATION (Tables)

v3.25.1
REPORTABLE SEGMENT INFORMATION (Tables)
 12 Months Ended
Mar. 29, 2025
Segment Reporting [Abstract] Ìý
Schedule of Financial Information for Reportable Segments
Financial information for ±«ÓãÖ±²¥â€™s reportable segments is as follows:
Year Ended March 2025
(In thousands) Outdoor Active Work Total
Revenues $ 5,576,301Ìý $ 3,095,292Ìý $ 833,098Ìý $ 9,504,691Ìý
Less:
Cost of goods sold
 2,627,678Ìý 1,312,186Ìý 479,116Ìý
SG&A expenses
 2,238,974Ìý 1,631,356Ìý 301,753Ìý
Other segment items (a)
14,748Ìý 1,092Ìý 918Ìý
Segment profit 724,397Ìý 152,842Ìý 53,147Ìý 930,386Ìý
Impairment of goodwill and indefinite-lived intangible assets (89,242)
Corporate and other expenses (546,740)
Interest expense, net (b)
(149,243)
Income from continuing operations before income taxes $ 145,161Ìý
(a)For each reportable segment, 'Other segment items' includes insurance recoveries, certain foreign currency and hedging gains and losses and other miscellaneous non-operating income and expenses, which are reported in the other income (expense), net line item in the Consolidated Statement of Operations.
(b)Interest expense and the related interest rate swap impact for the DDTL, which totaled $31.1Ìýmillion for the year ended March 2025, were allocated to discontinued operations due to the requirement within the DDTL's amended agreement that the DDTL be prepaid upon the receipt of the net cash proceeds from the sale of Supreme.
Year Ended March 2024
(In thousands) Outdoor
Active
 Work Total
Revenues $ 5,501,399Ìý $ 3,522,740Ìý $ 891,539Ìý $ 9,915,678Ìý
Less:
Cost of goods sold 2,725,279Ìý 1,526,110Ìý 549,459Ìý
SG&A expenses 2,174,041Ìý 1,788,074Ìý 324,488Ìý
Other segment items (a)
629Ìý 28,973Ìý 55Ìý
Segment profit 602,708Ìý 237,529Ìý 17,647Ìý 857,884Ìý
Impairment of goodwill (507,566)
Corporate and other expenses (469,560)
Interest expense, net (b)
(165,679)
Loss from continuing operations before income taxes $ (284,921)
(a)For each reportable segment, 'Other segment items' includes certain foreign currency and hedging gains and losses and other miscellaneous non-operating income and expenses. For the Active reportable segment, 'Other segment items' also includes legal settlement gains of $29.1Ìýmillion. These are all reported in the other income (expense), net line item in the Consolidated Statement of Operations.
(b)Interest expense and the related interest rate swap impact for the DDTL, which totaled $59.1Ìýmillion for the year ended March 2024, were allocated to discontinued operations due to the requirement within the DDTL's amended agreement that the DDTL be prepaid upon the receipt of the net cash proceeds from the sale of Supreme.
Year Ended March 2023
(In thousands) Outdoor Active Work Total
Segment revenues $ 5,647,526Ìý $ 4,381,506Ìý $ 1,060,179Ìý $ 11,089,211Ìý
Other revenues 148Ìý
Total revenues 11,089,359Ìý
Less:
Cost of goods sold 2,832,821Ìý 1,850,371Ìý 601,148Ìý
SG&A expenses 2,024,617Ìý 1,954,213Ìý 337,596Ìý
Other segment items (a)
(4,657) (1,376) (278)
Segment profit 785,431Ìý 575,546Ìý 121,157Ìý 1,482,134Ìý
Other profit (loss) (536)
Corporate and other expenses (600,148)
Interest expense, net (b)
(143,660)
Income from continuing operations before income taxes $ 737,790Ìý
(a)For each reportable segment, 'Other segment items' includes certain foreign currency and hedging gains and losses and other miscellaneous non-operating income and expenses which are reported in the other income (expense), net line item in the Consolidated Statement of Operations.
(b)Interest expense and the related interest rate swap impact for the DDTL, which totaled $21.9Ìýmillion for the year ended March 2023, were allocated to discontinued operations due to the requirement within the DDTL's amended agreement that the DDTL be prepaid upon the receipt of the net cash proceeds from the sale of Supreme.
Schedule of Reconciliation of Assets from Segment to Consolidated
(In thousands) March 2025 March 2024 March 2023
Segment assets:
Outdoor $ 1,592,896Ìý $ 1,544,364Ìý $ 1,936,090Ìý
Active 934,768Ìý 955,535Ìý 1,271,590Ìý
Work 392,595Ìý 452,384Ìý 610,798Ìý
Other 28,429Ìý 8,869Ìý 15,055Ìý
Total segment assets 2,948,688Ìý 2,961,152Ìý 3,833,533Ìý
Cash and cash equivalents 429,382Ìý 656,376Ìý 799,441Ìý
Property, plant and equipment, net 720,879Ìý 788,992Ìý 910,938Ìý
Goodwill and intangible assets, net 2,314,093Ìý 2,421,838Ìý 2,946,391Ìý
Operating lease right-of-use assets 1,262,319Ìý 1,255,074Ìý 1,306,199Ìý
Other assets 1,702,175Ìý 1,703,664Ìý 2,288,643Ìý
Assets of discontinued operations —Ìý 1,825,867Ìý 1,905,343Ìý
Consolidated assets $ 9,377,536Ìý $ 11,612,963Ìý $ 13,990,488Ìý
Schedule of Reconciliation of Capital Expenditures and Depreciation and Amortization Expense
Year Ended March
(In thousands) 2025 2024 2023
Depreciation, amortization and other asset write-downs:
Outdoor $ 106,732Ìý $ 103,586Ìý $ 94,448Ìý
Active 62,074Ìý 81,911Ìý 70,708Ìý
Work 14,736Ìý 13,620Ìý 12,524Ìý
Other 76,074Ìý 108,411Ìý 74,246Ìý
$ 259,616Ìý $ 307,528Ìý $ 251,926Ìý
Schedule of Supplemental Information (with Revenues by Geographic Area Based on the Origin of Shipment)
Supplemental information (with revenues by geographic area primarily based on the origin of the shipment) is as follows:
Year Ended March
(In thousands) 2025 2024 2023
Total revenues:
U.S. $ 4,257,971Ìý $ 4,550,988Ìý $ 5,733,168Ìý
Foreign 5,246,720Ìý 5,364,690Ìý 5,356,191Ìý
$ 9,504,691Ìý $ 9,915,678Ìý $ 11,089,359Ìý
Property, plant and equipment:
U.S. $ 513,627Ìý $ 574,637Ìý
Foreign 207,252Ìý 214,355Ìý
$ 720,879Ìý $ 788,992Ìý