Quarterly report pursuant to Section 13 or 15(d)

RESTRUCTURING (Tables)

v3.21.4
RESTRUCTURING (Tables)
9 Months Ended
Jan. 01, 2022
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) 2021 2020 2021 2020
Severance and employee-related benefits $ 3,056  $ 24,545  $ 7,352  $ 52,937 
Asset impairments —  —  —  10,557 
Accelerated depreciation 590  3,429  4,057  10,093 
Inventory write-downs —  7,115  —  7,115 
Contract termination and other —  3,107  —  3,324 
Total restructuring charges $ 3,646  $ 38,196  $ 11,409  $ 84,026 
Restructuring costs by business segment are as follows:
Three Months Ended December Nine Months Ended December
(In thousands) 2021 2020 2021 2020
Outdoor $ 1,529  $ 2,676  $ 4,206  $ 9,271 
Active —  3,275  1,008  3,938 
Work 1,527  8,409  2,315  27,216 
Other 590  23,836  3,880  43,601 
Total $ 3,646  $ 38,196  $ 11,409  $ 84,026 
The activity in the restructuring accrual for the nine-month period ended December 2021 was as follows:
(In thousands) Severance Other Total
Accrual at March 2021 $ 59,810  $ 6,944  $ 66,754 
Charges 7,352  —  7,352 
Cash payments and settlements (36,130) (5,680) (41,810)
Adjustments to accruals (970) (40) (1,010)
Impact of foreign currency (155) (80) (235)
Accrual at December 2021 $ 29,907  $ 1,144  $ 31,051