Annual report pursuant to Section 13 and 15(d)

RESTRUCTURING (Tables)

v3.19.1
RESTRUCTURING (Tables)
 12 Months Ended
Mar. 30, 2019
Restructuring and Related Activities [Abstract]  
Components of Restructuring Charges
The components of the restructuring charges are as follows:
(In thousands)
 
Year Ended March 2019 Charges
 
 
Three Months Ended March 2018 Charges
 
Year Ended December 2017 Charges
 
Year Ended December 2016 Charges
Severance and employee-related benefits
 
$
79,693

 
 
$
14,927

 
$
22,611

 
$
50,395

Asset impairments
 
5,705

 
 
—

 
—

 
3,394

Inventory write-downs
 
6,574

 
 
—

 
—

 
—

Contract termination and other
 
15,643

 
 
—

 
4,436

 
1,310

Total restructuring charges
 
$
107,615

 
 
$
14,927

 
$
27,047

 
$
55,099


Restructuring costs by business segment are as follows:
(In thousands)
 
Year Ended March 2019 Charges
 
 
Three Months Ended March 2018 Charges
 
Year Ended December 2017 Charges
 
Year Ended December 2016 Charges
Outdoor
 
$
38,952

 
 
$
4,550

 
$
10,393

 
$
14,137

Active
 
13,579

 
 
—

 
2,400

 
3,946

Work
 
10,003

 
 
7,802

 
3,895

 
1,308

Jeans
 
39,936

 
 
2,575

 
6,993

 
20,357

Other
 
167

 
 
—

 
—

 
1,277

Corporate
 
4,978

 
 
—

 
3,366

 
14,074

Total
 
$
107,615

 
 
$
14,927

 
$
27,047

 
$
55,099

Activity in Restructuring Accrual
The activity in the restructuring accrual is as follows:
(In thousands)
 
Severance
 
Other
 
Total
 
Accrual at December 2016
 
$
49,728

 
$
878

 
$
50,606

 
Charges
 
22,611

 
4,436

 
27,047

 
Cash payments and settlements
 
(37,349
)
 
(878
)
 
(38,227
)
 
Adjustments to accruals
 
(2,783
)
 
—

 
(2,783
)
 
Currency translation
 
1,601

 
—

 
1,601

 
Accrual at December 2017
 
33,808

 
4,436

 
38,244

 
Charges
 
14,927

 
—

 
14,927

 
Cash payments and settlements
 
(4,658
)
 
(3,992
)
 
(8,650
)
 
Adjustments to accruals
 
(1,033
)
 
—

 
(1,033
)
 
Currency translation
 
101

 
—

 
101

 
Accrual at March 2018
 
43,145

 
444

 
43,589

 
Charges
 
79,693

 
15,643

 
95,336

 
Cash payments and settlements
 
(35,530
)
 
(4,917
)
 
(40,447
)
 
Adjustments to accruals
 
(5,800
)
 
100

 
(5,700
)
 
Currency translation
 
(272
)
 
(235
)
 
(507
)
 
Accrual at March 2019
 
$
81,236

 
$
11,035

 
$
92,271