XML 77 R2.htm IDEA: XBRL DOCUMENT v3.26.1
Pay vs Performance Disclosure - USD ($)
12 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Mar. 31, 2024
Mar. 31, 2023
Mar. 31, 2022
Pay vs Performance Disclosure          
Pay vs Performance Disclosure, Table
PAY-VERSUS-PERFORMANCE TABLE
 Value of Initial Fixed $100 Investment Based on:
Fiscal Year
Summary Compensation Table Total for First PEO ($)(1)(2)
Summary Compensation Table Total for Second PEO ($)(1)(2)
Compensation Actually Paid to First PEO ($)(1)(3)
Compensation Actually Paid to Second PEO ($)(1)(3)
Average Summary Compensation Table Total for Non-PEO NEOs ($)(1)(2)
Average Compensation Actually Paid to Non-PEO NEOs ($)(1)(3)
TSR
Peer Group TSR(4)
Net Income ($,000)Consolidated Operating Income
($,000)
(a)(b)(c)(d)(e)(f)(g)(h)(i)
202611,904,992 — 10,883,281 — 3,824,621 3,446,056 181.8 42.6 1,024,071 1,262,903 
202510,051,429 614,513 2,465,345 (11,941,432)3,661,555 635,661 203.0 39.0 966,091 1,179,092 
2024— 14,258,412 — 30,785,255 4,586,787 10,222,055 284.9 43.0 759,563 927,514 
2023— 11,391,476 — 21,415,165 2,961,401 4,799,279 136.1 51.8 516,822 652,751 
2022— 10,854,934 — 6,190,970 3,867,018 2,845,438 82.9 77.6 451,949 564,707 
       
Company Selected Measure Name consolidated operating income        
Named Executive Officers, Footnote Mr. Caroti (referred to in the table above as our “First PEO”) served as PEO beginning August 1, 2024. Mr. Powers (referred to in the table above as our “Second PEO”) served as PEO for each of the covered fiscal years through July 31, 2024. Accordingly, separate columns are presented for our PEO only for fiscal 2025, the year in which we had two PEOs. The table below includes the name of each individual serving as an NEO during each of our last five fiscal years, including any person who served as our PEO during any portion of such fiscal years:
Fiscal YearPEONon-PEO NEOs
2026
Stefano CarotiSteven J. Fasching, Anne Spangenberg, Robin Spring-Green and Thomas Garcia
2025
Stefano Caroti (First PEO)
Dave Powers (Second PEO)
Steven J. Fasching, Anne Spangenberg, Thomas Garcia, and Robin Spring-Green
2024
Dave PowersSteven J. Fasching, Stefano Caroti, Anne Spangenberg and Thomas Garcia
2023
Dave PowersSteven J. Fasching, Stefano Caroti, Anne Spangenberg and Thomas Garcia
2022
Dave PowersSteven J. Fasching, David E. Lafitte, Stefano Caroti and Wendy Yang
       
Peer Group Issuers, Footnote The TSR peer group consists of the S&P 500 Apparel, Accessories & Luxury Goods Index.        
PEO Total Compensation Amount $ 11,904,992   $ 14,258,412 $ 11,391,476 $ 10,854,934
PEO Actually Paid Compensation Amount $ 10,883,281   30,785,255 21,415,165 6,190,970
Adjustment To PEO Compensation, Footnote The table below provides the adjustments made to the "Summary Compensation Table" total compensation to arrive at the CAP to our PEOs, and the average CAP to our Non-PEO NEOs.
CALCULATION OF COMPENSATION ACTUALLY PAID(a)
Fiscal
Year
NEOs
Summary Compensation Table Total ($)(b)
Minus - Amount Reported in the "Stock Awards" Column in the Summary Compensation Table ($)
Plus - Fair Value at Fiscal Year End of Outstanding and Unvested Stock Awards Granted in the Fiscal Year ($) (c)
Plus / Minus - Change in Fair Value of Outstanding and Unvested Stock Awards Granted in Prior Fiscal Years ($)(d)
Plus / Minus - Change in Fair Value at Vesting of Stock Awards Granted in Prior Fiscal Years ($)(e)
Compensation Actually Paid ($)
2026PEO11,904,992 (6,999,947)6,796,990 (549,844)(268,910)10,883,281 
Average for Non-PEO NEOs3,824,621 (1,824,937)1,772,024 (172,830)(152,822)3,446,056 
2025First PEO10,051,429 (5,999,093)4,038,327 (1,473,201)(4,152,117)2,465,345 
Second PEO614,513 (83,579)— (1,404,561)(11,067,805)(11,941,432)
Average for Non-PEO NEOs3,661,555 (1,661,606)1,118,517 (1,108,577)(1,374,228)635,661 
2024PEO14,258,412 (8,499,746)3,845,988 11,426,103 9,754,498 30,785,255 
Average for Non-PEO NEOs4,586,787 (2,374,462)3,721,124 2,447,199 1,841,407 10,222,055 
2023
PEO11,391,476 (7,999,562)10,951,395 4,242,444 2,829,412 21,415,165 
Average for Non-PEO NEOs2,961,401 (1,724,565)2,383,845 780,911 397,687 4,799,279 
2022
PEO10,854,934 (7,999,651)5,398,210 (1,160,869)(901,654)6,190,970 
Average for Non-PEO NEOs3,867,018 (2,549,581)1,946,763 (242,995)(175,767)2,845,438 
       
Non-PEO NEO Average Total Compensation Amount $ 3,824,621 $ 3,661,555 4,586,787 2,961,401 3,867,018
Non-PEO NEO Average Compensation Actually Paid Amount $ 3,446,056 635,661 10,222,055 4,799,279 2,845,438
Adjustment to Non-PEO NEO Compensation Footnote The table below provides the adjustments made to the "Summary Compensation Table" total compensation to arrive at the CAP to our PEOs, and the average CAP to our Non-PEO NEOs.
CALCULATION OF COMPENSATION ACTUALLY PAID(a)
Fiscal
Year
NEOs
Summary Compensation Table Total ($)(b)
Minus - Amount Reported in the "Stock Awards" Column in the Summary Compensation Table ($)
Plus - Fair Value at Fiscal Year End of Outstanding and Unvested Stock Awards Granted in the Fiscal Year ($) (c)
Plus / Minus - Change in Fair Value of Outstanding and Unvested Stock Awards Granted in Prior Fiscal Years ($)(d)
Plus / Minus - Change in Fair Value at Vesting of Stock Awards Granted in Prior Fiscal Years ($)(e)
Compensation Actually Paid ($)
2026PEO11,904,992 (6,999,947)6,796,990 (549,844)(268,910)10,883,281 
Average for Non-PEO NEOs3,824,621 (1,824,937)1,772,024 (172,830)(152,822)3,446,056 
2025First PEO10,051,429 (5,999,093)4,038,327 (1,473,201)(4,152,117)2,465,345 
Second PEO614,513 (83,579)— (1,404,561)(11,067,805)(11,941,432)
Average for Non-PEO NEOs3,661,555 (1,661,606)1,118,517 (1,108,577)(1,374,228)635,661 
2024PEO14,258,412 (8,499,746)3,845,988 11,426,103 9,754,498 30,785,255 
Average for Non-PEO NEOs4,586,787 (2,374,462)3,721,124 2,447,199 1,841,407 10,222,055 
2023
PEO11,391,476 (7,999,562)10,951,395 4,242,444 2,829,412 21,415,165 
Average for Non-PEO NEOs2,961,401 (1,724,565)2,383,845 780,911 397,687 4,799,279 
2022
PEO10,854,934 (7,999,651)5,398,210 (1,160,869)(901,654)6,190,970 
Average for Non-PEO NEOs3,867,018 (2,549,581)1,946,763 (242,995)(175,767)2,845,438 
       
Compensation Actually Paid vs. Total Shareholder Return
The chart below illustrates the relationship between the CAP to our PEOs, and the average CAP to our Non-PEO NEOs in relation to our TSR, and the TSR of our peer group over each of our last five fiscal years. For this purpose, our peer group is the S&P 500 Apparel, Accessories & Luxury Goods Index. We do not use TSR as a direct performance measure for purposes of determining executive compensation, although we have adopted a TSR modifier that may impact the vesting amount of LTIP PSUs under certain circumstances.

CAP v TSR.jpg
       
Compensation Actually Paid vs. Net Income
The chart below illustrates the CAP to our PEOs, and the average CAP to our Non-PEO NEOs, in relation to our net income over each of our last five fiscal years. We do not use net income as a performance measure for purposes of determining executive compensation.

CAP v Net Inc.jpg
       
Compensation Actually Paid vs. Company Selected Measure
The chart below illustrates the CAP to our PEOs and the average CAP to our Non-PEO NEOs in relation to our consolidated operating income over each of our last five fiscal years. Consolidated operating income is the financial performance measure that, in our assessment, represents the most important financial performance measure to link CAP to our performance.

CAP v Operating Inc.jpg
       
Total Shareholder Return Vs Peer Group
The chart below illustrates the relationship between the CAP to our PEOs, and the average CAP to our Non-PEO NEOs in relation to our TSR, and the TSR of our peer group over each of our last five fiscal years. For this purpose, our peer group is the S&P 500 Apparel, Accessories & Luxury Goods Index. We do not use TSR as a direct performance measure for purposes of determining executive compensation, although we have adopted a TSR modifier that may impact the vesting amount of LTIP PSUs under certain circumstances.

CAP v TSR.jpg
       
Tabular List, Table
Financial Performance Measures
Consolidated Operating Income
Consolidated Revenue
Consolidated Pre-Tax Income
       
Total Shareholder Return Amount $ 181.8 203.0 284.9 136.1 82.9
Peer Group Total Shareholder Return Amount 42.6 39.0 43.0 51.8 77.6
Net Income (Loss) $ 1,024,071,000 $ 966,091,000 $ 759,563,000 $ 516,822,000 $ 451,949,000
Company Selected Measure Amount 1,262,903,000 1,179,092,000 927,514,000 652,751,000 564,707,000
PEO Name Stefano Caroti   Dave Powers Dave Powers Dave Powers
Additional 402(v) Disclosure The dollar amounts included in this column reflect the total compensation of our PEOs and the average total compensation of our Non-PEO NEOs included in the "Total" column of the "Summary Compensation Table" for the applicable fiscal year. This table excludes adjustments for awards granted that vest in the same year, awards that failed to achieve their performance vesting conditions, and the payment of dividends, in each case because there is no applicable adjustment for any of the covered fiscal years.Represents amounts included in the "Total" column of the "Summary Compensation Table" for the applicable fiscal year.Represents the fair value, as of the end of the applicable fiscal year, of the outstanding and unvested awards granted during such fiscal year, calculated in accordance with FASB ASC Topic 718. For information about the assumptions underlying these computations, please refer to our consolidated financial statements included in our annual reports on Form 10-K for the applicable fiscal years.Represents the change in fair value, measured from the end of the prior fiscal year to the end of the covered fiscal year, of the outstanding and unvested awards that were granted in previous fiscal years, calculated in accordance with FASB ASC Topic 718. For information about the assumptions underlying these computations, please refer to our consolidated financial statements included in our annual reports on Form 10-K for the applicable fiscal years.Represents the change in fair value, measured from the end of the prior fiscal year to the applicable vesting date, of the equity awards that were granted in previous fiscal years and which vested during the applicable fiscal years, calculated in accordance with FASB ASC Topic 718. For information about the assumptions underlying these computations, please refer to our consolidated financial statements included in our annual reports on Form 10-K for the applicable fiscal years.        
Measure:: 1          
Pay vs Performance Disclosure          
Name Consolidated Operating Income        
Measure:: 2          
Pay vs Performance Disclosure          
Name Consolidated Revenue        
Measure:: 3          
Pay vs Performance Disclosure          
Name Consolidated Pre-Tax Income        
Caroti [Member]          
Pay vs Performance Disclosure          
PEO Total Compensation Amount $ 11,904,992 $ 10,051,429 $ 0 $ 0 $ 0
PEO Actually Paid Compensation Amount 10,883,281 $ 2,465,345 0 0 0
PEO Name   Stefano Caroti      
Powers [Member]          
Pay vs Performance Disclosure          
PEO Total Compensation Amount 0 $ 614,513 14,258,412 11,391,476 10,854,934
PEO Actually Paid Compensation Amount 0 $ (11,941,432) 30,785,255 21,415,165 6,190,970
PEO Name   Dave Powers      
PEO | Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (6,999,947)   (8,499,746) (7,999,562) (7,999,651)
PEO | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 6,796,990   3,845,988 10,951,395 5,398,210
PEO | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (549,844)   11,426,103 4,242,444 (1,160,869)
PEO | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (268,910)   9,754,498 2,829,412 (901,654)
PEO | Caroti [Member] | Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount   $ (5,999,093)      
PEO | Caroti [Member] | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount   4,038,327      
PEO | Caroti [Member] | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount   (1,473,201)      
PEO | Caroti [Member] | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount   (4,152,117)      
PEO | Powers [Member] | Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount   (83,579)      
PEO | Powers [Member] | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount   0      
PEO | Powers [Member] | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount   (1,404,561)      
PEO | Powers [Member] | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount   (11,067,805)      
Non-PEO NEO | Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (1,824,937) (1,661,606) (2,374,462) (1,724,565) (2,549,581)
Non-PEO NEO | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 1,772,024 1,118,517 3,721,124 2,383,845 1,946,763
Non-PEO NEO | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (172,830) (1,108,577) 2,447,199 780,911 (242,995)
Non-PEO NEO | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount $ (152,822) $ (1,374,228) $ 1,841,407 $ 397,687 $ (175,767)