Summary of Significant Accounting Policies (Tables)

12 Months Ended

Apr. 02, 2022

Summary of Significant Accounting Policies (Tables) [Abstract]

Contractually-Guaranteed Minimum Royalties

As of April 2, 2022, contractually-guaranteed minimum royalty amounts expected to be recognized as revenue during future periods were as follows:

	Contractually-Guaranteed Minimum Royalties(a)
	(millions)
Fiscal 2023	$	105.6
Fiscal 2024	76.3
Fiscal 2025	42.7
Fiscal 2026	23.6
Fiscal 2027	19.2
Fiscal 2028 and thereafter	9.2
Total	$	276.6

(a)Amounts presented do not contemplate potential contract renewals or royalties earned in excess of the contractually-guaranteed minimums.

Disaggregation of Revenue

Disaggregated Net Revenues

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:

	Fiscal Year Ended
	April 2, 2022
	North America		Europe		Asia		Other		Total
	(millions)
Sales Channel(a):
Retail	$	1,878.6	$	828.3	$	1,207.4	$	27.2	$	3,941.5
Wholesale	1,089.6		952.4		79.4		5.9		2,127.3
Licensing	—		—		—		149.7		149.7
Total	$	2,968.2	$	1,780.7	$	1,286.8	$	182.8	$	6,218.5

	Fiscal Year Ended
	March 27, 2021
	North America		Europe		Asia		Other		Total
	(millions)
Sales Channel(a):
Retail	$	1,214.1	$	517.1	$	968.4	$	80.2	$	2,779.8
Wholesale	778.3		648.8		59.1		12.4		1,498.6
Licensing	—		—		—		122.4		122.4
Total	$	1,992.4	$	1,165.9	$	1,027.5	$	215.0	$	4,400.8

	Fiscal Year Ended
	March 28, 2020
	North America		Europe		Asia		Other		Total
	(millions)
Sales Channel(a):
Retail	$	1,727.3	$	874.6	$	948.0	$	191.0	$	3,740.9
Wholesale	1,413.2		757.6		69.2		10.8		2,250.8
Licensing	—		—		—		168.1		168.1
Total	$	3,140.5	$	1,632.2	$	1,017.2	$	369.9	$	6,159.8

(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 recognized during the fiscal periods presented is as follows:

	Fiscal Years Ended
	April 2, 2022		March 27, 2021		March 28, 2020
	(millions)
Shipping costs	$	73.0	$	54.8	$	46.7
Handling costs	151.8		138.3		154.0

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:

	Fiscal Years Ended
	April 2, 2022	March 27, 2021		March 28, 2020
	(millions)
Basic shares	73.0	73.5		75.8
Dilutive effect of RSUs and stock options	1.3	—	(a)	1.4
Diluted shares	74.3	73.5		77.2

(a)Incremental shares of 1.2 million attributable to outstanding RSUs were excluded from the computation of diluted shares for Fiscal 2021 as such shares would not be dilutive given the net loss incurred during that fiscal year.

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 and operational chargebacks

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:

	Fiscal Years Ended
	April 2, 2022		March 27, 2021		March 28, 2020
	(millions)
Beginning reserve balance	$	173.7	$	204.7	$	176.5
Amount charged against revenue to increase reserve	407.7		280.1		580.1
Amount credited against customer accounts to decrease reserve	(392.9)		(317.4)		(550.3)
Foreign currency translation	(7.8)		6.3		(1.6)
Ending reserve balance	$	180.7	$	173.7	$	204.7

Allowance for Doubtful Accounts [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 and operational chargebacks

A rollforward of the activity in the Company's allowance for doubtful accounts is presented as follows:

	Fiscal Years Ended
	April 2, 2022		March 27, 2021		March 28, 2020
	(millions)
Beginning reserve balance	$	40.1	$	71.5	$	15.7
Amount recorded to expense to increase (decrease) reserve(a)	(2.2)		(27.6)		58.7
Amount written-off against customer accounts to decrease reserve	(2.8)		(6.1)		(2.6)
Foreign currency translation	(1.1)		2.3		(0.3)
Ending reserve balance	$	34.0	$	40.1	$	71.5

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