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ACQUISITION (Tables)
6 Months Ended
Oct. 02, 2021
Business Combination and Asset Acquisition [Abstract]  
Schedule of Assets Acquired and Liabilities Assumed
The following table summarizes the preliminary estimated fair values of the Supreme assets acquired and liabilities assumed at the date of acquisition:
(In thousands)December 28, 2020
Cash and equivalents$218,104 
Accounts receivable19,698 
Inventories44,937 
Other current assets35,091 
Property, plant and equipment18,914 
Intangible asset1,201,000 
Operating lease right-of-use assets55,668 
Other assets58,479 
Total assets acquired1,651,891 
Accounts payable25,717 
Other current liabilities77,640 
Operating lease liabilities53,062 
Deferred income tax liabilities275,718 
Other liabilities35,245 
Total liabilities assumed467,382 
Net assets acquired1,184,509 
Goodwill1,245,986 
Purchase price$2,430,495 
Preliminary Purchase Price
The purchase price consisted of the following components:
(In thousands)December 28, 2020
Cash consideration$2,223,495 
Contingent consideration207,000 
Purchase price$2,430,495 
Unaudited Pro Forma Summary
The following unaudited pro forma summary presents consolidated information of VF as if the acquisition of Supreme had occurred on March 31, 2019:
(In thousands, except per share amounts)
Three Months Ended
September 2020
(unaudited)
Six Months Ended
September 2020
(unaudited)
Total revenues$2,743,359 $3,933,644 
Income from continuing operations274,425 9,962 
Earnings per common share from continuing operations
Basic$0.71 $0.03 
Diluted0.70 0.03