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Receivables, net
 6 Months Ended
Sep. 29, 2018
Receivables [Abstract]  
Receivables, net
Receivables, net
Receivables, net, consist of (in millions):
 
September 29,
2018
 
March 31,
2018
Trade receivables (1)
$
393.7

 
$
383.3

Receivables due from licensees
34.1

 
15.8

 
427.8

 
399.1

Less: allowances
(87.9
)
 
(108.6
)
 
$
339.9

 
$
290.5


 
 
 
 
 
(1) 
As of September 29, 2018 and March 31, 2018, $305.2 million and $296.2 million, respectively, of trade receivables were insured.
Receivables are presented net of allowances for discounts, markdowns, operational chargebacks and doubtful accounts. Discounts are based on open invoices where trade discounts have been extended to customers. Allowances are based on wholesale customers’ sales performance, seasonal negotiations with customers, historical deduction trends and an evaluation of current market conditions. Operational chargebacks are based on deductions taken by customers, net of expected recoveries. Such provisions, and related recoveries, are reflected in revenues.
The Company’s allowance for doubtful accounts is determined through analysis of periodic aging of receivables that are not covered by insurance and assessments of collectability based on an evaluation of historic and anticipated trends, the financial condition of the Company’s customers and the impact of general economic conditions. The past due status of a receivable is based on its contractual terms. Amounts deemed uncollectible are written off against the allowance when it is probable the amounts will not be recovered. Allowance for doubtful accounts was $5.1 million as of September 29, 2018 and March 31, 2018. The Company had provisions for bad debt of $0.4 million and $3.8 million for the three months ended September 29, 2018 and September 30, 2017, respectively, and $1.0 million and $4.4 million for the six months ended September 29, 2018 and September 30, 2017, respectively.