Annual report pursuant to Section 13 and 15(d)

REVENUES (Tables)

v3.20.1
REVENUES (Tables)
 12 Months Ended
Mar. 28, 2020
Revenue from Contract with Customer [Abstract]  
Accounts Receivable, Contract Assets and Contract Liabilities
The following table provides information about accounts receivable, contract assets and contract liabilities:
(In thousands)
 
March 2020
 
 
March 2019
Accounts receivable, net
 
$
1,308,051

 
 
$
1,372,625

Contract assets (a)
 
1,181

 
 
2,569

Contract liabilities (b)
 
37,498

 
 
28,801

(a) 
Included in the other current assets line item in the Consolidated Balance Sheets.
(b) 
Included in the accrued liabilities and other liabilities line items in the Consolidated Balance Sheets.
Disaggregation of Revenue
The following tables disaggregate our revenues by channel and geography, which provides a meaningful depiction of how the nature, timing and uncertainty of revenues are affected by economic factors. The wholesale channel includes fees generated from sourcing activities as the customers and point-in-time revenue recognition are similar to other wholesale arrangements. We adopted the new revenue recognition standard at the beginning of Fiscal 2019 using the modified retrospective method of adoption. As a result, revenue reported for the three months ended March 2018 and the year ended December 2017 have not been presented.
 
Year Ended March 2020
 
(In thousands)
Outdoor
 
Active
 
Work
 
Other
 
Total
 
Channel revenues

 

 

 

 

 
Wholesale
$
2,855,043

 
$
2,479,965

 
$
723,923

 
$
29,976

 
$
6,088,907

 
Direct-to-consumer
1,775,127

 
2,417,386

 
140,924

 
8,778

 
4,342,215

 
Royalty
13,786

 
22,076

 
21,572

 
—

 
57,434

 
Total
$
4,643,956

 
$
4,919,427

 
$
886,419

 
$
38,754

 
$
10,488,556

 
 
 
 
 
 
 
 
 
 
 
 
Geographic revenues
 
 
 
 
 
 
 
 
 
 
United States
$
2,289,353

 
$
2,626,186

 
$
604,778

 
$
—

 
$
5,520,317

 
International
2,354,603

 
2,293,241

 
281,641

 
38,754

 
4,968,239

 
Total
$
4,643,956

 
$
4,919,427

 
$
886,419

 
$
38,754

 
$
10,488,556

 


 
Year Ended March 2019
(In thousands)
Outdoor
 
Active
 
Work
 
Other
 
Total
Channel revenues

 

 

 

 

Wholesale
$
2,865,630

 
$
2,460,692

 
$
739,465

 
$
10,323

 
$
6,076,110

Direct-to-consumer
1,770,580

 
2,234,053

 
125,769

 
—

 
4,130,402

Royalty
12,814

 
27,047

 
20,514

 
—

 
60,375

Total
$
4,649,024

 
$
4,721,792

 
$
885,748

 
$
10,323

 
$
10,266,887



 

 

 

 

Geographic revenues

 

 

 

 

United States
$
2,246,706

 
$
2,499,393

 
$
589,803

 
$
10,323

 
$
5,346,225

International
2,402,318

 
2,222,399

 
295,945

 
—

 
4,920,662

Total
$
4,649,024

 
$
4,721,792

 
$
885,748

 
$
10,323

 
$
10,266,887