Property and Equipment, Net

12 Months Ended

Mar. 31, 2018

Property, Plant and Equipment [Abstract]

Property and equipment, net, consists of (in millions):



	March 31, 2018			April 1, 2017
Leasehold improvements	$	551.0		$	507.9
In-store shops	273.9			256.0
Furniture and fixtures	270.9			244.1
Computer equipment and software	266.3			226.2
Equipment	116.7			104.4
Building	51.6			40.6
Land	16.2			14.0
	1,546.6			1,393.2
Less: accumulated depreciation and amortization	(1,001.6		)	(833.9		)
	545.0			559.3
Construction-in-progress	38.2			32.2
	$	583.2		$	591.5

Depreciation and amortization of property and equipment for the fiscal years ended March 31, 2018, April 1, 2017, and April 2, 2016, was $182.3 million, $197.7 million and $172.2 million, respectively. During Fiscal 2018, the Company recorded fixed asset impairment charges of $27.5 million, $26.1 million of which related to underperforming Michael Kors full-price retail store locations, some of which will be closed as part of the Company’s previously announced Retail Fleet Optimization Plan (as defined in Note 9) and $1.4 million related to wholesale locations expected to be closed. During Fiscal 2017 and Fiscal 2016, the Company recorded fixed asset impairment charges of $169.0 million and $10.9 million, respectively, primarily related to underperforming retail locations.