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SEGMENT REPORTING AND GEOGRAPHIC INFORMATION
 12 Months Ended
Mar. 28, 2020
Segments, Geographical Areas [Abstract]  
Segment Reporting and Geographic Information EGMENT REPORTING AND GEOGRAPHIC INFORMATION

In the fourth quarter of Fiscal Year 2020, the Company hired a new interim Chief Executive Officer who was identified as its Chief Operating Decision Maker ("CODM"). The CODM has organized the Company, manages resource allocations and measures performance among its two operating segments — Products and Services. Prior to this change in executive management, the Company operated as one operating segment. Based on this change, prior comparative periods have been recast to conform to current period segment presentation.

The Products segment includes the Company's Headsets, Voice and Video product lines. The Services segment includes maintenance support on hardware devices as well as professional, managed and cloud services and solutions. In managing the two operating segments the CODM uses information about their revenue and gross margin after adjustments to exclude certain non-cash transactions and activities that are not reflective of the Company's ongoing or core operations as further described below. The CODM does not review asset information by segment.

Asset impairment: During the fourth quarter of fiscal 2020, the Company determined certain of its long-lived assets, primarily related to purchased intangibles recorded in connection with the Acquisition of Polycom, were not recoverable and as a result recorded impairment charges representing the excess carrying amount over the estimated fair value (see Note 8).

Purchase accounting amortization: Represents the amortization of purchased intangible assets recorded in connection with the Acquisition of Polycom.

Inventory valuation adjustment: Represents the amortization of the inventory step-up associated with the impact of inventory fair value purchase accounting adjustments recorded in connection with the Acquisition of Polycom.

Deferred revenue purchase accounting: Represents the impact of fair value purchase accounting adjustments related to deferred revenue recorded in connection with the Acquisition of Polycom. The Company's deferred revenue primarily relates to Service revenue associated with non-cancelable maintenance support on hardware devices which are typically billed in advance and recognized ratably over the contract term as those services are delivered. This adjustment represents the amount of additional revenue that would have been recognized during the period absent the write-down to fair value required under purchase accounting guidelines.

Consumer optimization: Represents charges related to inventory reserves and supplier liabilities for excess and obsolete inventory incurred in connection with the Company's strategic actions to optimize its Consumer product portfolio.

Acquisition and integration fees: Represents charges incurred in connection with the Acquisition and integration of Polycom such as system implementations, legal and accounting fees.

Stock compensation expense: Represents the non-cash expense associated with the Company's issuance of common stock and share-based awards to employees and non-employee directors.

The following table presents segments results for revenue and gross margin, as reviewed by the CODM, and their reconciliation to the Company's consolidated GAAP results:
 
 
Fiscal Year Ended
(in thousands)
 
March 28, 2020
 
March 30, 2019
 
March 31, 2018
Segment revenues as reviewed by CODM
 
 
 
 
 
 
Products
 
$
1,434,635

 
1,518,687

 
$
856,903

Services
 
296,308

 
240,672

 
—

Total segment revenues as reviewed by CODM
 
$
1,730,943

 
$
1,759,359

 
$
856,903

 
 
 
 
 
 
 
Segment gross profit as reviewed by CODM
 
 
 
 
 
 
Products
 
$
697,212

 
$
766,068

 
$
444,322

Services
 
201,382

 
162,884

 
—

Total segment gross profit as reviewed by CODM
 
$
898,594

 
$
928,952

 
$
444,322


 
 
Fiscal Year Ended
(in thousands)
 
March 28, 2020
 
March 30, 2019
 
March 31, 2018
Total segment revenues as reviewed by CODM
 
$
1,730,943

 
$
1,759,359

 
$
856,903

Deferred revenue purchase accounting
 
(33,953
)
 
(84,824
)
 
—

Consolidated GAAP net revenues
 
$
1,696,990

 
$
1,674,535

 
$
856,903

 
 
 
 
 
 
 
Total segment gross profit as reviewed by CODM (1)
 
$
898,594

 
$
928,952

 
$
444,322

Asset impairment
 
(174,235
)
 
—

 
—

Purchase accounting amortization
 
(122,553
)
 
(114,361
)
 
—

Inventory valuation adjustment
 
—

 
(30,395
)
 
—

Deferred revenue purchase accounting
 
(33,953
)
 
(84,824
)
 
—

Consumer optimization
 
(10,415
)
 
—

 
—

Integration and rebranding costs
 
(1,211
)
 
(1,057
)
 
—

Stock-based compensation
 
(3,992
)
 
(4,176
)
 
(3,622
)
Other adjustments
 
—

 
—

 
(1,585
)
Consolidated GAAP gross profit
 
$
552,235

 
$
694,139

 
$
439,115

(1) Includes depreciation expense of $15.2 million, $11.0 million, and $7.6 million in Fiscal Years 2020, 2019, and 2018, respectively. 

The following table presents long-lived assets by geographic area on a consolidated basis:
 
 
Fiscal Year Ended
(in thousands)
 
March 28, 2020
 
March 30, 2019
United States
 
$
76,633

 
$
101,637

Netherlands
 
17,670

 
19,052

Mexico
 
39,053

 
40,821

United Kingdom
 
$
699

 
$
9,074

China
 
$
15,089

 
$
15,738

Other countries
 
21,315

 
18,504

Total long-lived assets
 
$
170,459

 
$
204,826