The Company 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 2021, VF recognized $3.5 million and $7.8 million, respectively, of restructuring charges, related to approved initiatives. Of the restructuring charges recognized in the three and six months ended September 2021, $3.4 million and $6.3 million were reflected in selling, general and administrative expenses, respectively, and $0.1 million and $1.5 million in cost of goods sold, respectively.

The Company has not recognized any significant incremental costs related to accruals for the year ended March 2021 or prior periods.

Of the $43.3 million total restructuring accrual at September 2021, $43.0 million is expected to be paid out within the next 12 months and is classified within accrued liabilities. The remaining $0.3 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 September				Six Months Ended September

(In thousands)	2021		2020		2021		2020
Severance and employee-related benefits	$	1,422	$	9,883	$	4,296	$	28,392
Asset impairments	—		10,557		—		10,557
Accelerated depreciation	2,036		2,857		3,467		6,664

Contract termination and other	—		76		—		217
Total restructuring charges	$	3,458	$	23,373	$	7,763	$	45,830

Restructuring costs by business segment are as follows:


	Three Months Ended September				Six Months Ended September

(In thousands)	2021		2020		2021		2020
Outdoor	$	454	$	1,845	$	2,677	$	6,595
Active	276		293		1,008		663
Work	788		18,378		788		18,807
Other	1,940		2,857		3,290		19,765
Total	$	3,458	$	23,373	$	7,763	$	45,830

The activity in the restructuring accrual for the six-month period ended September 2021 was as follows:


(In thousands)	Severance		Other		Total
Accrual at March 2021	$	59,810	$	6,944	$	66,754
Charges	4,296		—		4,296
Cash payments and settlements	(23,961)		(3,666)		(27,627)
Adjustments to accruals	2		(40)		(38)
Impact of foreign currency	(66)		(50)		(116)
Accrual at September 2021	$	40,081	$	3,188	$	43,269