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Summary of Significant Accounting Policies (Tables)
6 Months Ended
Sep. 28, 2019
Summary of Significant Accounting Policies (Tables) [Abstract]  
Contractually-Guaranteed Minimum Royalties As of September 28, 2019, contractually-guaranteed minimum royalty amounts expected to be recognized as revenue during future periods were as follows:
 
 
Contractually-Guaranteed
Minimum Royalties(a)
 
 
(millions)
Remainder of Fiscal 2020
 
$
57.0

Fiscal 2021
 
116.5

Fiscal 2022
 
78.4

Fiscal 2023
 
42.8

Fiscal 2024 and thereafter
 
25.6

Total
 
$
320.3


 
(a) 
Amounts presented do not contemplate anticipated contract renewals or royalties earned in excess of contractually guaranteed minimums.
Disaggregation of Revenue
The following tables disaggregate the Company's net revenues into categories that depict how the nature, amount, timing, and uncertainty of revenues and cash flows are affected by economic factors for the fiscal periods presented:
 
 
Three Months Ended
 
 
September 28, 2019
 
September 29, 2018
 
 
North America
 
Europe
 
Asia
 
Other
 
Total
 
North America
 
Europe
 
Asia
 
Other
 
Total
 
 
(millions)
Sales Channel(a):
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Retail
 
$
457.9

 
$
238.6

 
$
233.3

 
$
45.4

 
$
975.2

 
$
435.4

 
$
227.6

 
$
222.5

 
$
47.4

 
$
932.9

Wholesale
 
423.3

 
241.6

 
22.0

 
1.9

 
688.8

 
452.8

 
237.1

 
22.2

 
1.5

 
713.6

Licensing
 

 

 

 
42.2

 
42.2

 

 

 

 
44.4

 
44.4

Total
 
$
881.2

 
$
480.2

 
$
255.3

 
$
89.5

 
$
1,706.2

 
$
888.2

 
$
464.7

 
$
244.7

 
$
93.3

 
$
1,690.9

 
 
Six Months Ended
 
 
September 28, 2019
 
September 29, 2018
 
 
North America
 
Europe
 
Asia
 
Other
 
Total
 
North America
 
Europe
 
Asia
 
Other
 
Total
 
 
(millions)
Sales Channel(a):
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Retail
 
$
861.0

 
$
457.1

 
$
479.8

 
$
94.9

 
$
1,892.8

 
$
822.9

 
$
440.2

 
$
457.9

 
$
97.3

 
$
1,818.3

Wholesale
 
739.6

 
383.9

 
34.1

 
3.7

 
1,161.3

 
762.9

 
379.8

 
34.8

 
2.3

 
1,179.8

Licensing
 

 

 

 
80.9

 
80.9

 

 

 

 
83.4

 
83.4

Total
 
$
1,600.6

 
$
841.0

 
$
513.9

 
$
179.5

 
$
3,135.0

 
$
1,585.8

 
$
820.0

 
$
492.7

 
$
183.0

 
$
3,081.5

 
(a) 
Net revenues from the Company's retail and wholesale businesses are recognized at a point in time. Net revenues from the Company's licensing business are recognized over time.
Shipping and Handling Charges
A summary of shipping and handling costs for the fiscal periods presented is as follows:
 
 
Three Months Ended
 
Six Months Ended
 
 
September 28,
2019
 
September 29,
2018
 
September 28,
2019
 
September 29,
2018
 
 
(millions)
Shipping costs
 
$
12.5

 
$
10.9

 
$
22.4

 
$
19.6

Handling costs
 
39.5

 
39.0

 
75.7

 
74.7


Summary of Basic and Diluted shares
The weighted-average number of common shares outstanding used to calculate basic net income per common share is reconciled to shares used to calculate diluted net income per common share as follows:
 
 
Three Months Ended
 
Six Months Ended
 
 
September 28,
2019
 
September 29,
2018
 
September 28,
2019
 
September 29,
2018
 
 
(millions)
Basic shares
 
76.7

 
81.3

 
77.4

 
81.6

Dilutive effect of stock options and RSUs
 
1.2

 
1.0

 
1.5

 
1.2

Diluted shares
 
77.9

 
82.3

 
78.9

 
82.8


Sales Returns and Allowances [Member]  
Summary of Significant Accounting Policies (Tables) [Abstract]  
Rollforward of activity in the Company's allowance for doubtful accounts and its aggregate reserves for returns, discounts, end-of-season markdowns, operational chargebacks, and certain cooperative advertising allowances
A rollforward of the activity in the Company's reserves for returns, discounts, end-of-season markdowns, operational chargebacks, and certain cooperative advertising allowances is presented below:
 
 
Three Months Ended
 
Six Months Ended
 
 
September 28,
2019
 
September 29,
2018
 
September 28,
2019
 
September 29,
2018
 
 
(millions)
Beginning reserve balance
 
$
165.5

 
$
167.2

 
$
176.5

 
$
202.5

Amount charged against revenue to increase reserve
 
168.6

 
150.5

 
282.5

 
250.2

Amount credited against customer accounts to decrease reserve
 
(135.8
)
 
(119.2
)
 
(261.7
)
 
(249.3
)
Foreign currency translation
 
(2.8
)
 
0.2

 
(1.8
)
 
(4.7
)
Ending reserve balance
 
$
195.5

 
$
198.7

 
$
195.5

 
$
198.7


Allowance for Doubtful Accounts  
Summary of Significant Accounting Policies (Tables) [Abstract]  
Rollforward of activity in the Company's allowance for doubtful accounts and its aggregate reserves for returns, discounts, end-of-season markdowns, operational chargebacks, and certain cooperative advertising allowances
A rollforward of the activity in the Company's allowance for doubtful accounts is presented below:
 
 
Three Months Ended
 
Six Months Ended
 
 
September 28,
2019
 
September 29,
2018
 
September 28,
2019
 
September 29,
2018
 
 
(millions)
Beginning reserve balance
 
$
15.0

 
$
18.7

 
$
15.7

 
$
19.7

Amount recorded to expense to increase (decrease) reserve(a)
 
1.4

 
(0.5
)
 
1.5

 
(0.5
)
Amount written-off against customer accounts to decrease reserve
 
(0.4
)
 
(1.0
)
 
(1.4
)
 
(1.4
)
Foreign currency translation
 
(0.4
)
 

 
(0.2
)
 
(0.6
)
Ending reserve balance
 
$
15.6

 
$
17.2

 
$
15.6

 
$
17.2

 
(a) 
Amounts recorded to bad debt expense are included within SG&A expenses in the consolidated statements of operations.