Summary of Significant Accounting Policies (Tables)

9 Months Ended

Dec. 25, 2021

Summary of Significant Accounting Policies (Tables) [Abstract]

Contractually-Guaranteed Minimum Royalties

As of December 25, 2021, 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 2022	$	16.2
Fiscal 2023	96.9
Fiscal 2024	67.2
Fiscal 2025	33.2
Fiscal 2026	16.4
Fiscal 2027 and thereafter	26.7
Total	$	256.6

(a)Amounts presented do not contemplate potential 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
	December 25, 2021										December 26, 2020
	North America		Europe		Asia		Other		Total		North America		Europe		Asia		Other		Total
	(millions)
Sales Channel(a):
Retail	$	638.4	$	246.4	$	364.2	$	—	$	1,249.0	$	453.0	$	165.9	$	313.7	$	30.0	$	962.6
Wholesale	290.3		216.5		18.4		0.2		525.4		262.4		149.7		15.9		5.4		433.4
Licensing	—		—		—		41.0		41.0		—		—		—		36.8		36.8
Total	$	928.7	$	462.9	$	382.6	$	41.2	$	1,815.4	$	715.4	$	315.6	$	329.6	$	72.2	$	1,432.8

	Nine Months Ended
	December 25, 2021										December 26, 2020
	North America		Europe		Asia		Other		Total		North America		Europe		Asia		Other		Total
	(millions)
Sales Channel(a):
Retail	$	1,472.5	$	646.7	$	885.4	$	27.2	$	3,031.8	$	910.3	$	419.3	$	699.5	$	57.6	$	2,086.7
Wholesale	821.4		666.6		55.3		5.5		1,548.8		513.1		376.5		38.6		8.2		936.4
Licensing	—		—		—		115.2		115.2		—		—		—		90.7		90.7
Total	$	2,293.9	$	1,313.3	$	940.7	$	147.9	$	4,695.8	$	1,423.4	$	795.8	$	738.1	$	156.5	$	3,113.8

(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				Nine Months Ended
	December 25, 2021		December 26, 2020		December 25, 2021		December 26, 2020
	(millions)
Shipping costs	$	24.1	$	18.3	$	52.9	$	38.9
Handling costs	43.4		38.9		113.6		98.7

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		Nine Months Ended
	December 25, 2021	December 26, 2020	December 25, 2021	December 26, 2020
	(millions)
Basic shares	73.2	73.6	73.7	73.4
Dilutive effect of RSUs and stock options	1.1	1.0	1.3	—	(a)
Diluted shares	74.3	74.6	75.0	73.4

(a)Incremental shares of 1.2 million attributable to outstanding RSUs were excluded from the computation of diluted shares for the nine months ended December 26, 2020 as such shares would not be dilutive given the net loss incurred during that fiscal year period.

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 as follows:

	Three Months Ended				Nine Months Ended
	December 25, 2021		December 26, 2020		December 25, 2021		December 26, 2020
	(millions)
Beginning reserve balance	$	184.8	$	171.9	$	173.7	$	204.7
Amount charged against revenue to increase reserve	101.1		86.0		289.8		169.9
Amount credited against customer accounts to decrease reserve	(106.0)		(86.8)		(283.2)		(208.9)
Foreign currency translation	(4.3)		4.1		(4.7)		9.5
Ending reserve balance	$	175.6	$	175.2	$	175.6	$	175.2

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 as follows:

	Three Months Ended				Nine Months Ended
	December 25, 2021		December 26, 2020		December 25, 2021		December 26, 2020
	(millions)
Beginning reserve balance	$	37.9	$	46.3	$	40.1	$	71.5
Amount recorded to expense to increase (decrease) reserve(a)	(1.8)		5.1		(2.7)		(20.3)
Amount written-off against customer accounts to decrease reserve	(0.5)		(3.5)		(1.8)		(5.1)
Foreign currency translation	(0.7)		1.1		(0.7)		2.9
Ending reserve balance	$	34.9	$	49.0	$	34.9	$	49.0

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