Quarterly report pursuant to Section 13 or 15(d)

RESTRUCTURING (Tables)

v3.20.4
RESTRUCTURING (Tables)
9 Months Ended
Dec. 26, 2020
Restructuring and Related Activities [Abstract]  
Activity in Restructuring
The components of the restructuring charges are as follows:
Three Months Ended December Nine Months Ended December
(In thousands) 2020 2019 2020 2019
Severance and employee-related benefits $ 24,545  $ 3,859  $ 52,937  $ 7,116 
Asset impairments —  —  10,557  — 
Accelerated depreciation 3,429  —  10,093  — 
Inventory write-downs 7,115  —  7,115  — 
Contract termination and other 3,107  —  3,324  2,121 
Total restructuring charges $ 38,196  $ 3,859  $ 84,026  $ 9,237 
Restructuring costs by business segment are as follows:
Three Months Ended December Nine Months Ended December
(In thousands) 2020 2019 2020 2019
Outdoor $ 2,676  $ 1,670  $ 9,271  $ 6,400 
Active 3,275  322  3,938  789 
Work 8,409  1,460  27,216  1,641 
Corporate and other 23,836  407  43,601  407 
Total $ 38,196  $ 3,859  $ 84,026  $ 9,237 
The activity in the restructuring accrual for the nine-month period ended December 2020 was as follows:
(In thousands) Severance Other Total
Accrual at March 2020 $ 38,052  $ 2,888  $ 40,940 
Charges 52,937  3,693  56,630 
Cash payments (35,393) (2,392) (37,785)
Adjustments to accruals (166) 189  23 
Impact of foreign currency 15  170  185 
Accrual at December 2020 $ 55,445  $ 4,548  $ 59,993