Property and Equipment, net

6 Months Ended

Sep. 29, 2018

Property, Plant and Equipment [Abstract]

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



	September 29, 2018			March 31, 2018
Leasehold improvements	$	551.9		$	551.0
Computer equipment and software	270.4			266.3
Furniture and fixtures	269.4			270.9
In-store shops	268.0			273.9
Equipment	120.0			116.7
Building	50.2			51.6
Land	15.3			16.2
	1,545.2			1,546.6
Less: accumulated depreciation and amortization	(1,042.3		)	(1,001.6		)
	502.9			545.0
Construction-in-progress	49.1			38.2
	$	552.0		$	583.2

Depreciation and amortization of property and equipment for the three months ended September 29, 2018 and September 30, 2017 was $44.6 million and $43.3 million, respectively, and was $92.0 million and $85.8 million, respectively, for the six months ended September 29, 2018 and September 30, 2017. During the three and six months ended September 29, 2018, the Company recorded fixed asset impairment charges of $5.7 million and $9.4 million, respectively, of which $4.4 million and $8.1 million, respectively, were related to underperforming Michael Kors 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. In addition, during the three months ended September 29, 2018, the Company recorded fixed asset impairment charges of $1.3 million related to Jimmy Choo retail store locations. During the three and six months ended September 30, 2017, the Company recorded fixed asset impairment charges of $11.9 million, which were related to underperforming Michael Kors retail store locations.