v3.26.1
Summary of Significant Accounting Policies (Tables)
3 Months Ended
Jun. 27, 2026
Summary of Significant Accounting Policies (Tables) [Abstract]  
Contractually-Guaranteed Minimum Royalties As of June 27, 2026, 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 2027$76.6 
Fiscal 202878.4 
Fiscal 202952.8 
Fiscal 203038.8 
Fiscal 2031 and thereafter2.3 
Total$248.9 
(a)Amounts presented do not contemplate potential contract renewals or royalties earned in excess of 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 27, 2026June 28, 2025
North AmericaEuropeAsiaOtherTotalNorth AmericaEuropeAsiaOtherTotal
(millions)
Sales Channel(a):
Retail$503.2 $294.9 $571.2 $— $1,369.3 $461.0 $285.8 $454.4 $— $1,201.2 
Wholesale237.1 299.5 18.1 — 554.7 195.2 268.7 19.6 — 483.5 
Licensing— — — 35.8 35.8 — — — 34.4 34.4 
Total$740.3 $594.4 $589.3 $35.8 $1,959.8 $656.2 $554.5 $474.0 $34.4 $1,719.1 
(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 recognized during the fiscal periods presented is as follows:
Three Months Ended
June 27,
2026
June 28,
2025
(millions)
Shipping costs$23.4 $20.7 
Handling costs41.1 41.6 
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 27,
2026
June 28,
2025
(millions)
Basic shares60.1 61.0 
Dilutive effect of RSUs1.2 1.5 
Diluted shares61.3 62.5 
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 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 27,
2026
June 28,
2025
(millions)
Beginning reserve balance$184.4 $147.6 
Amount charged against revenue to increase reserve125.6 105.2 
Amount credited against customer accounts to decrease reserve
(147.3)(114.6)
Foreign currency translation(1.2)6.2 
Ending reserve balance$161.5 $144.4 
Allowance for Doubtful Accounts  
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 activity in the Company's allowance for doubtful accounts balance is presented as follows:
Three Months Ended
June 27,
2026
June 28,
2025
(millions)
Beginning reserve balance$44.3 $38.7 
Amount recorded to expense to increase reserve(a)
0.9 2.7 
Amount written-off against customer accounts to decrease reserve
(1.0)(0.9)
Foreign currency translation(0.4)1.5 
Ending reserve balance$43.8 $42.0 
(a)Amounts recorded as bad debt expense are included within SG&A expenses in the consolidated statements of operations.