The Company typically incurs restructuring charges related to strategic initiatives and cost optimization of business activities, primarily related to severance and employee-related benefits.

Of the $119.0 million of restructuring charges recognized in the year ended March 2021, $75.1 million were reflected in selling, general and administrative expenses and $43.9 million in cost of goods sold. Of the $31.8 million of restructuring charges recognized in the year ended March 2020, $12.4 million were reflected in selling, general and administrative expenses and $19.4 million in cost of goods sold. Of the $63.1 million of restructuring charges recognized in the year ended March 2019,

$48.5 million were reflected in selling, general and administrative expenses and $14.6 million in cost of goods sold. The Company has not recognized any significant incremental costs related to the accruals for the year ended March 2020 or prior periods.

Of the total restructuring accrual at March 2021, $63.8 million is expected to be paid out within the next 12 months and is classified within accrued liabilities. The remaining $3.0 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:


	Year Ended March

(In thousands)	2021		2020		2019
Severance and employee-related benefits	$	64,972	$	21,899	$	46,724
Asset impairments	23,087		5,211		4,109
Accelerated depreciation	11,266		—		—
Inventory write-downs	10,658		1,119		2,171
Contract termination and other	9,023		3,618		10,092
Total restructuring charges	$	119,006	$	31,847	$	63,096

Restructuring costs by business segment are as follows:


	Year Ended March

(In thousands)	2021		2020		2019
Outdoor	$	14,081	$	7,094	$	38,952
Active	20,958		3,210		13,579
Work	31,907		2,193		5,587
Other	52,060		19,350		4,978
Total	$	119,006	$	31,847	$	63,096

The activity in the restructuring accrual is as follows:


(In thousands)	Severance		Other		Total
Accrual at March 2019	$	56,218	$	11,002	$	67,220
Charges	21,899		3,618		25,517

Cash payments and settlements	(39,728)		(11,997)		(51,725)
Adjustments to accruals	2,181		1,159		3,340
Impact of foreign currency	(2,518)		(894)		(3,412)
Accrual at March 2020	38,052		2,888		40,940
Charges	64,972		9,393		74,365
Cash payments and settlements	(46,258)		(4,285)		(50,543)
Adjustments to accruals	3,206		(1,218)		1,988
Impact of foreign currency	(162)		166		4
Accrual at March 2021	$	59,810	$	6,944	$	66,754

The Company has incurred costs associated with the relocation of VF's global headquarters and certain brands to Denver, Colorado. The total amount of charges recognized for the years ended March 2020 and 2019 were $41.5 million and $47.4 million, respectively, of which $18.8 million for the year ended March 2019 related to severance and employee-related benefits and is included in the tables above. The remaining amounts for the years ended March 2020 and 2019 related to other relocation costs, the majority of which have been paid.