XML 51 R37.htm IDEA: XBRL DOCUMENT v3.20.2
Stock-based Compensation (Tables)
6 Months Ended
Sep. 26, 2020
Share-based Payment Arrangement [Abstract]  
Summary of the total compensation expense and the associated income tax benefits recognized related to stock-based compensation arrangements
A summary of total stock-based compensation expense and the related income tax benefits recognized during the three-month and six-month periods ended September 26, 2020 and September 28, 2019 is as follows:
 
 
Three Months Ended
 
Six Months Ended
 
 
 
September 26,
2020
 
September 28,
2019
 
September 26,
2020
 
September 28,
2019
 
 
 
(millions)
 
Compensation expense
 
$
19.5

 
$
27.8

(a) 
$
34.6

 
$
50.8

(a) 
Income tax benefit
 
(3.6
)
 
(4.1
)
 
(6.7
)
 
(7.7
)
 

 
(a) 
Includes $3.6 million of accelerated stock-based compensation expense recorded within restructuring and other charges in the consolidated statements of operations during the second quarter of Fiscal 2020 (see Note 8). All other stock-based compensation expense was recorded within SG&A expenses.
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Summary of the stock option activity under all plans
A summary of stock option activity under all plans during the six months ended September 26, 2020 is as follows:
 
 
Number of Options
 
 
(thousands)
Options outstanding at March 28, 2020
 
518

Granted
 

Exercised
 

Cancelled/Forfeited
 
(247
)
Options outstanding at September 26, 2020
 
271


Restricted Stock And Service Based Restricted Stock Units [Member]  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Summary of restricted stock and restricted stock unit activity
A summary of restricted stock and service-based RSU activity during the six months ended September 26, 2020 is as follows:
 
 
Number of Shares/Units
 
 
Restricted Stock
 
Service-based RSUs
 
 
(thousands)
Unvested at March 28, 2020
 
4

 
1,094

Granted
 

 
1,322

Vested
 
(4
)
 
(443
)
Forfeited
 

 
(33
)
Unvested at September 26, 2020
 

 
1,940


Performance-based restricted stock units [Member]  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Summary of restricted stock and restricted stock unit activity
A summary of performance-based RSU activity during the six months ended September 26, 2020 is as follows:
 
 
Number of
Performance-based
RSUs
 
 
(thousands)
Unvested at March 28, 2020
 
934

Granted
 

Change due to performance condition achievement
 
185

Vested
 
(720
)
Forfeited
 
(27
)
Unvested at September 26, 2020
 
372


Market-based restricted stock units [Member]  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Summary of restricted stock and restricted stock unit activity
A summary of market-based RSU activity during the six months ended September 26, 2020 is as follows:
 
 
Number of
Market-based RSUs
 
 
(thousands)
Unvested at March 28, 2020
 
234

Granted
 

Change due to market condition achievement
 

Vested
 

Forfeited
 

Unvested at September 26, 2020
 
234


Schedule of Share Based Payment Award with Market Condition Valuation Assumptions [Table Text Block] The assumptions used to estimate the fair value of TSR awards granted during the six months ended September 28, 2019 were as follows:
 
Six Months Ended
 
September 28,
2019
Expected term (years)
2.6

Expected volatility
31.4
%
Expected dividend yield
3.2
%
Risk-free interest rate
1.4
%