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Summary of Significant Accounting Policies (Tables)
6 Months Ended
Sep. 26, 2020
Summary of Significant Accounting Policies (Tables) [Abstract]  
Contractually-Guaranteed Minimum Royalties As of September 26, 2020, 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 2021
 
$
36.4

Fiscal 2022
 
68.4

Fiscal 2023
 
44.4

Fiscal 2024
 
26.6

Fiscal 2025 and thereafter
 
1.1

Total
 
$
176.9


 
(a) 
Amounts presented do not contemplate anticipated contract renewals or royalties earned in excess of the 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 26, 2020
 
September 28, 2019
 
 
North America
 
Europe
 
Asia
 
Other
 
Total
 
North America
 
Europe
 
Asia
 
Other
 
Total
 
 
(millions)
Sales Channel(a):
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Retail
 
$
314.7

 
$
174.2

 
$
219.3

 
$
21.1

 
$
729.3

 
$
457.9

 
$
238.6

 
$
233.3

 
$
45.4

 
$
975.2

Wholesale
 
228.2

 
185.3

 
17.3

 
2.3

 
433.1

 
423.3

 
241.6

 
22.0

 
1.9

 
688.8

Licensing
 

 

 

 
31.1

 
31.1

 

 

 

 
42.2

 
42.2

Total
 
$
542.9

 
$
359.5

 
$
236.6

 
$
54.5

 
$
1,193.5

 
$
881.2

 
$
480.2

 
$
255.3

 
$
89.5

 
$
1,706.2

 
 
Six Months Ended
 
 
September 26, 2020
 
September 28, 2019
 
 
North America
 
Europe
 
Asia
 
Other
 
Total
 
North America
 
Europe
 
Asia
 
Other
 
Total
 
 
(millions)
Sales Channel(a):
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Retail
 
$
457.3

 
$
253.4

 
$
385.8

 
$
27.6

 
$
1,124.1

 
$
861.0

 
$
457.1

 
$
479.8

 
$
94.9

 
$
1,892.8

Wholesale
 
250.7

 
226.8

 
22.7

 
2.8

 
503.0

 
739.6

 
383.9

 
34.1

 
3.7

 
1,161.3

Licensing
 

 

 

 
53.9

 
53.9

 

 

 

 
80.9

 
80.9

Total
 
$
708.0

 
$
480.2

 
$
408.5

 
$
84.3

 
$
1,681.0

 
$
1,600.6

 
$
841.0

 
$
513.9

 
$
179.5

 
$
3,135.0

 
(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 26,
2020
 
September 28,
2019
 
September 26,
2020
 
September 28,
2019
 
 
(millions)
Shipping costs
 
$
12.2

 
$
12.5

 
$
20.6

 
$
22.4

Handling costs
 
33.3

 
39.5

 
59.8

 
75.7


Summary of Basic and Diluted shares
The weighted-average number of common shares outstanding used to calculate basic net income (loss) per common share is reconciled to shares used to calculate diluted net income (loss) per common share as follows:
 
 
Three Months Ended
 
Six Months Ended
 
 
September 26,
2020
 
September 28,
2019
 
September 26,
2020
 
September 28,
2019
 
 
(millions)
Basic shares
 
73.5

 
76.7

 
73.3

 
77.4

Dilutive effect of RSUs and stock options
 

(a) 
1.2

 

(a) 
1.5

Diluted shares
 
73.5

 
77.9

 
73.3

 
78.9


 
(a) 
Incremental shares of 0.9 million and 1.2 million attributable to outstanding RSUs were excluded from the computation of diluted shares for the three-month and six-month periods ended September 26, 2020, respectively, as such shares would not be dilutive as a result of the net losses incurred.
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 26,
2020
 
September 28,
2019
 
September 26,
2020
 
September 28,
2019
 
 
(millions)
Beginning reserve balance
 
$
184.0

 
$
165.5

 
$
204.7

 
$
176.5

Amount charged against revenue to increase reserve
 
72.6

 
168.6

 
83.9

 
282.5

Amount credited against customer accounts to decrease reserve
 
(88.2
)
 
(135.8
)
 
(122.1
)
 
(261.7
)
Foreign currency translation
 
3.5

 
(2.8
)
 
5.4

 
(1.8
)
Ending reserve balance
 
$
171.9

 
$
195.5

 
$
171.9

 
$
195.5


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 26,
2020
 
September 28,
2019
 
September 26,
2020
 
September 28,
2019
 
 
(millions)
Beginning reserve balance
 
$
55.9

 
$
15.0

 
$
71.5

 
$
15.7

Amount recorded to expense to increase (decrease) reserve(a)
 
(8.9
)
 
1.4

 
(25.4
)
 
1.5

Amount written-off against customer accounts to decrease reserve
 
(1.6
)
 
(0.4
)
 
(1.6
)
 
(1.4
)
Foreign currency translation
 
0.9

 
(0.4
)
 
1.8

 
(0.2
)
Ending reserve balance
 
$
46.3

 
$
15.6

 
$
46.3

 
$
15.6

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