Summary of Significant Accounting Policies (Tables)

3 Months Ended

Jun. 28, 2025

Summary of Significant Accounting Policies (Tables) [Abstract]

Contractually-Guaranteed Minimum Royalties

As of June 28, 2025, contractually-guaranteed minimum royalty amounts expected to be recognized as revenue during future periods were as follows:


	Contractually-Guaranteed Minimum Royalties(a)
	(millions)
Remainder of Fiscal 2026	$	76.9
Fiscal 2027	102.5
Fiscal 2028	68.5
Fiscal 2029	44.9
Fiscal 2030 and thereafter	34.2
Total	$	327.0

(a)Amounts presented do not contemplate potential contract renewals or royalties earned in excess of the contractually-guaranteed minimums.

Disaggregation of Revenue

The following table disaggregates the Company's net revenues into categories that depict how the nature, amount, timing, and uncertainty of revenues and cash flows are affected by economic factors for the fiscal periods presented:


	Three Months Ended
	June 28, 2025										June 29, 2024
	North America		Europe		Asia		Other		Total		North America		Europe		Asia		Other		Total
	(millions)
Sales Channel(a):
Retail	$	461.0	$	285.8	$	454.4	$	—	$	1,201.2	$	416.7	$	245.1	$	370.8	$	—	$	1,032.6
Wholesale	195.2		268.7		19.6		—		483.5		191.5		234.0		20.1		—		445.6
Licensing	—		—		—		34.4		34.4		—		—		—		34.0		34.0
Total	$	656.2	$	554.5	$	474.0	$	34.4	$	1,719.1	$	608.2	$	479.1	$	390.9	$	34.0	$	1,512.2

(a)Net revenues from the Company's retail and wholesale businesses are recognized at a point in time. Net revenues from the Company's licensing business are recognized over time.

Shipping and Handling Charges

A summary of shipping and handling costs for the fiscal periods presented is as follows:


	Three Months Ended
		June 28, 2025		June 29, 2024
		(millions)
Shipping costs		$	20.7	$	17.3
Handling costs		41.6		35.1

Summary of Basic and Diluted shares

The weighted-average number of common shares outstanding used to calculate basic net income per common share is reconciled to shares used to calculate diluted net income per common share as follows:


	Three Months Ended
		June 28, 2025	June 29, 2024
		(millions)
Basic shares		61.0	63.2
Dilutive effect of RSUs		1.5	1.4
Diluted shares		62.5	64.6

Sales Returns and Allowances [Member]

Summary of Significant Accounting Policies (Tables) [Abstract]

Rollforward of activity in the Company's allowance for doubtful accounts and its aggregate reserves for returns, discounts, end-of-season markdowns, operational chargebacks, and certain cooperative advertising allowances

A rollforward of the activity in the Company's reserves for returns, discounts, end-of-season markdowns, operational chargebacks, and certain cooperative advertising allowances is presented as follows:


	Three Months Ended
		June 28, 2025		June 29, 2024
		(millions)
Beginning reserve balance		$	147.6	$	143.1
Amount charged against revenue to increase reserve		105.2		94.8
Amount credited against customer accounts to decrease reserve		(114.6)		(110.6)
Foreign currency translation		6.2		(1.0)
Ending reserve balance		$	144.4	$	126.3

Allowance for Doubtful Accounts

Summary of Significant Accounting Policies (Tables) [Abstract]

A rollforward of the activity in the Company's allowance for doubtful accounts is presented as follows:


	Three Months Ended
		June 28, 2025		June 29, 2024
		(millions)
Beginning reserve balance		$	38.7	$	32.2
Amount recorded to expense to increase reserve(a)		2.7		0.8
Amount written-off against customer accounts to decrease reserve		(0.9)		(0.4)
Foreign currency translation		1.5		(0.1)
Ending reserve balance		$	42.0	$	32.5

(a)Amounts recorded to bad debt expense are included within SG&A expenses in the consolidated statements of operations.