Quarterly report pursuant to Section 13 or 15(d)

RESTRUCTURING (Tables)

v3.22.4
RESTRUCTURING (Tables)
 9 Months Ended
Dec. 31, 2022
Restructuring and Related Activities [Abstract]  
Schedule of Activity in Restructuring
The components of the restructuring charges are as follows:
Three Months Ended December Nine Months Ended December
(In thousands) 2022 2021 2022 2021
Severance and employee-related benefits $ 10,607  $ 3,056  $ 50,165  $ 7,352 
Accelerated depreciation 25  590  7,276  4,057 
Contract termination and other 460  —  5,563  — 
Total restructuring charges $ 11,092  $ 3,646  $ 63,004  $ 11,409 
Restructuring costs by business segment are as follows:
Three Months Ended December Nine Months Ended December
(In thousands) 2022 2021 2022 2021
Outdoor $ 391  $ 1,529  $ 887  $ 4,206 
Active —  —  1,478  1,008 
Work —  1,527  9  2,315 
Corporate and other 10,701  590  60,630  3,880 
Total $ 11,092  $ 3,646  $ 63,004  $ 11,409 
The activity in the restructuring accrual for the nine-month period ended December 2022 was as follows:
(In thousands) Severance Other Total
Accrual at March 2022 $ 25,640  $ 1,211  $ 26,851 
Charges 50,165  5,563  55,728 
Cash payments and settlements (30,598) (457) (31,055)
Adjustments to accruals (3,205) 53  (3,152)
Impact of foreign currency 192  363  555 
Accrual at December 2022 $ 42,194  $ 6,733  $ 48,927