Quarterly report pursuant to Section 13 or 15(d)

RESTRUCTURING (Tables)

v3.22.2.2
RESTRUCTURING (Tables)
 6 Months Ended
Oct. 01, 2022
Restructuring and Related Activities [Abstract]  
Schedule of Activity in Restructuring
The components of the restructuring charges are as follows:
Three Months Ended September Six Months Ended September
(In thousands) 2022 2021 2022 2021
Severance and employee-related benefits $ 37,464  $ 1,422  $ 39,558  $ 4,296 
Accelerated depreciation 3,583  2,036  7,251  3,467 
Contract termination and other 4,759  —  5,103  — 
Total restructuring charges $ 45,806  $ 3,458  $ 51,912  $ 7,763 
Restructuring costs by business segment are as follows:
Three Months Ended September Six Months Ended September
(In thousands) 2022 2021 2022 2021
Outdoor $ 496  $ 454  $ 496  $ 2,677 
Active 1,478  276  1,478  1,008 
Work 9  788  9  788 
Corporate and other 43,823  1,940  49,929  3,290 
Total $ 45,806  $ 3,458  $ 51,912  $ 7,763 
The activity in the restructuring accrual for the six-month period ended September 2022 was as follows:
(In thousands) Severance Other Total
Accrual at March 2022 $ 25,640  $ 1,211  $ 26,851 
Charges 39,558  5,103  44,661 
Cash payments and settlements (17,938) (84) (18,022)
Adjustments to accruals (2,777) 53  (2,724)
Impact of foreign currency (260) (140) (400)
Accrual at September 2022 $ 44,223  $ 6,143  $ 50,366