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RESTRUCTURING
 6 Months Ended
Sep. 26, 2020
Restructuring and Related Activities [Abstract]  
RESTRUCTURING RESTRUCTURING
The Company typically incurs restructuring charges related to strategic initiatives and cost optimization of business activities, primarily related to severance and employee-related benefits. During the three and six months ended September 2020, VF recognized $23.4 million and $45.8 million of restructuring charges, respectively, related to approved initiatives. Of the restructuring charges recognized in the three and six months ended September 2020, $20.2 million and $28.7 million were reflected in selling, general and administrative expenses, respectively, and $3.2 million and $17.1 million in cost of goods
sold, respectively. The Company has not recognized any significant incremental costs related to accruals for the year ended March 2020 or prior periods.
Of the $47.3 million total restructuring accrual at September 2020, $45.0 million is expected to be paid out within the next 12 months and is classified within accrued liabilities. The remaining $2.3 million will be paid out beyond the next 12 months and thus is classified within other liabilities.
The components of the restructuring charges are as follows:
Three Months Ended SeptemberSix Months Ended September
(In thousands)2020201920202019
Severance and employee-related benefits$9,883 $1,033 $28,392 $3,257 
Asset impairments10,557 — 10,557 — 
Accelerated depreciation2,857 — 6,664 — 
Contract termination and other76 — 217 2,121 
Total restructuring charges$23,373 $1,033 $45,830 $5,378 
Restructuring costs by business segment are as follows:
Three Months Ended SeptemberSix Months Ended September
(In thousands)2020201920202019
Outdoor$1,845 $515 $6,595 $4,730 
Active293 447 663 467 
Work18,378 71 18,807 181 
Corporate and other2,857 — 19,765 — 
Total$23,373 $1,033 $45,830 $5,378 
The activity in the restructuring accrual for the six-month period ended September 2020 was as follows:
(In thousands)SeveranceOtherTotal
Accrual at March 2020$38,052 $2,888 $40,940 
Charges28,392 217 28,609 
Cash payments(20,490)(1,368)(21,858)
Adjustments to accruals(50)189 139 
Impact of foreign currency(561)76 (485)
Accrual at September 2020$45,343 $2,002 $47,345