Quarterly report pursuant to Section 13 or 15(d)


3 Months Ended
Jul. 03, 2021
Business Combination and Asset Acquisition [Abstract]  
Schedule of Assets Acquired and Liabilities Assumed
The following table summarizes the preliminary estimated fair values of the Supreme assets acquired and liabilities assumed at the date of acquisition:
(In thousands) December 28, 2020
Cash and equivalents $ 218,104 
Accounts receivable 19,698 
Inventories 44,937 
Other current assets 35,091 
Property, plant and equipment 18,914 
Intangible asset 1,201,000 
Operating lease right-of-use assets 55,668 
Other assets 58,479 
Total assets acquired 1,651,891 
Accounts payable 25,717 
Other current liabilities 78,205 
Operating lease liabilities 53,062 
Deferred income tax liabilities 275,718 
Other liabilities 35,245 
Total liabilities assumed 467,947 
Net assets acquired 1,183,944 
Goodwill 1,250,311 
Purchase price $ 2,434,255 
Preliminary Purchase Price
The preliminary purchase price consisted of the following components:
(In thousands) December 28, 2020
Cash consideration $ 2,227,255 
Contingent consideration 207,000 
Purchase price $ 2,434,255 
Unaudited Pro Forma Summary
The following unaudited pro forma summary presents consolidated information of VF as if the acquisition of Supreme had occurred on March 31, 2019:
(In thousands, except per share amounts)
Three Months Ended
June 2020
Total revenues $ 1,190,285 
Income (loss) from continuing operations (264,463)
Earnings (loss) per common share from continuing operations
Basic $ (0.68)
Diluted (0.68)