ACQUISITION (Tables)

12 Months Ended

Apr. 02, 2022

Business Combination and Asset Acquisition [Abstract]

Schedule of Assets Acquired and Liabilities Assumed

The following table summarizes the 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 receivable	19,698
Inventories	44,937
Other current assets	40,912
Property, plant and equipment	18,914
Intangible asset	1,201,000
Operating lease right-of-use assets	55,668
Other assets	58,479
Total assets acquired	1,657,712
Accounts payable	25,717
Other current liabilities	81,816
Operating lease liabilities	53,062
Deferred income tax liabilities	280,971
Other liabilities	35,245
Total liabilities assumed	476,811
Net assets acquired	1,180,901
Goodwill	1,249,594
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 consideration	207,000
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:

	Year Ended March (unaudited)
(In thousands, except per share amounts)	2021		2020
Total revenues	$	9,677,141	$	10,986,770
Income from continuing operations	457,330		690,450
Earnings per common share from continuing operations
Basic	$	1.17	$	1.75
Diluted	1.17		1.73