Restructuring and Other Charges (Tables)

9 Months Ended

Dec. 28, 2019

Fiscal 2019 Restructuring Plan

Restructuring Cost and Reserve [Line Items]

Restructuring and Related Costs

A summary of charges recorded in connection with the Fiscal 2019 Restructuring Plan during the fiscal periods presented, as well as the cumulative charges recorded since its inception, is as follows:

	Three Months Ended				Nine Months Ended
	December 28, 2019		December 29, 2018		December 28, 2019		December 29, 2018		Cumulative Charges
	(millions)
Cash-related restructuring charges:
Severance and benefit costs	$	3.0	$	17.1	$	17.9	$	34.3	$	78.1
Lease termination and store closure costs	—		1.2		0.5		1.2		2.3
Other cash charges	1.0		1.9		2.1		3.5		9.5
Total cash-related restructuring charges	4.0		20.2		20.5		39.0		89.9
Non-cash charges:
Impairment of assets (see Note 7)	3.0		1.3		6.5		7.1		16.8
Inventory-related charges(a)	—		1.9		1.0		1.9		7.0
Accelerated stock-based compensation     expense(b)	—		—		3.6		—		3.6
Loss on sale of property(c)	—		11.6		—		11.6		11.6
Total non-cash charges	3.0		14.8		11.1		20.6		39.0
Total charges	$	7.0	$	35.0	$	31.6	$	59.6	$	128.9

^(a)  Inventory-related charges are recorded within cost of goods sold in the consolidated statements of operations.

^(b)  Accelerated stock-based compensation, which is recorded within restructuring and other charges in the consolidated statements of operations, was recorded in connection with vesting provisions associated with certain separation agreements.

^(c) 

Loss on sale of property, which was recorded within restructuring and other charges in the consolidated statements of operations during the third quarter of Fiscal 2019, was incurred in connection with the sale of one of the Company's distribution centers in North America. Total cash proceeds from the sale were $20.0 million.

Schedule of Restructuring Reserve by Type of Cost

A summary of current period activity in the restructuring reserve related to the Fiscal 2019 Restructuring Plan is as follows:

	Severance and Benefit Costs			Lease Termination and Store Closure Costs			Other Cash Charges			Total
	(millions)
Balance at March 30, 2019	$	41.0		$	0.5		$	0.1		$	41.6
Additions charged to expense	17.9			0.5			2.1			20.5
Cash payments charged against reserve	(38.1		)	(0.6		)	(1.6		)	(40.3		)
Non-cash adjustments(a)	—			(0.4		)	—			(0.4		)
Balance at December 28, 2019	$	20.8		$	—		$	0.6		$	21.4

^(a) 

Certain lease-related liabilities previously recognized in connection with the Company's closure and cessation of use of real estate locations were reclassified and reflected as reductions of the respective operating lease ROU assets initially recognized upon adoption of ASU 2016-02 (see Note 4).

Other Restructuring Plans

Restructuring Cost and Reserve [Line Items]

Restructuring and Related Costs

During the three-month and nine-month periods ended December 29, 2018, the Company recorded charges related to certain other restructuring plans initiated prior to Fiscal 2019, as follows:

	December 29, 2018
	Three Months Ended		Nine Months Ended
	(millions)
Cash-related restructuring charges:
Severance and benefit costs	$	0.1	$	6.6
Lease termination and store closure costs	2.1		3.7
Other cash charges	0.6		0.8
Total cash-related restructuring charges	2.8		11.1
Non-cash charges:
Impairment of assets (see Note 7)	0.4		0.4
Inventory-related charges(a)	1.2		1.2
Other non-cash charges	2.0		2.0
Total non-cash charges	3.6		3.6
Total charges	$	6.4	$	14.7

^(a) 

Inventory-related charges are recorded within cost of goods sold in the consolidated statements of operations.

Schedule of Restructuring Reserve by Type of Cost

A summary of current period activity in the restructuring reserve related to these other plans is as follows:

	Severance and Benefit Costs			Lease Termination and Store Closure Costs			Other Cash Charges			Total
	(millions)
Balance at March 30, 2019	$	6.5		$	23.3		$	0.4		$	30.2
Additions charged to expense	—			—			—			—
Cash payments charged against reserve	(4.6		)	(2.8		)	(0.1		)	(7.5		)
Non-cash adjustments(a)	—			(18.9		)	—			(18.9		)
Balance at December 28, 2019	$	1.9		$	1.6		$	0.3		$	3.8

^(a) 

Certain lease-related liabilities previously recognized in connection with the Company's closure and cessation of use of real estate locations were reclassified and reflected as reductions of the respective operating lease ROU assets initially recognized upon adoption of ASU 2016-02 (see Note 4).