XML 23 R7.htm IDEA: XBRL DOCUMENT v3.8.0.1
Restructuring
6 Months Ended
Sep. 30, 2017
Restructuring and Related Activities [Abstract]  
Restructuring
Restructuring

In connection with the Company's restructuring plan beginning in the fourth quarter of fiscal year 2016, the Company closed 26 retail stores as of September 30, 2017, and consolidated its brand operations and corporate headquarters. In connection with these restructuring efforts, the Company has incurred total restructuring charges of $55,308 through September 30, 2017. No restructuring charges were incurred during the three months ended September 30, 2017. During the six months ended September 30, 2017, the Company incurred $1,518 of restructuring charges. Of the total amount, $5,850 remained accrued as of September 30, 2017, with $1,638 in short-term liabilities and $4,212 in long-term liabilities.

The remaining accrued liability for restructuring charges as of September 30, 2017 is as follows:
 
Lease termination costs
 
Severance costs
 
Termination of various contracts and other services
 
Total
Balance as of March 31, 2017
$
4,572

 
$
2,555

 
$
3,953

 
$
11,080

Additional charges

 

 
1,518

 
1,518

Paid in cash
(649
)
 
(2,295
)
 
(3,804
)
 
(6,748
)
Balance as of September 30, 2017
$
3,923

 
$
260

 
$
1,667

 
$
5,850



The following table summarizes restructuring charges by reportable operating segment and unallocated charges:
 
Three Months Ended September 30,
 
Six Months Ended September 30,
 
2017
 
2016
 
2017
 
2016
UGG brand wholesale
$

 
$
513

 
$

 
$
574

Direct-to-Consumer

 
160

 

 
1,395

Unallocated overhead costs

 
227

 
1,518

 
663

Total restructuring charges
$

 
$
900

 
$
1,518

 
$
2,632





It is anticipated that the Company may incur restructuring charges in future periods which are generally expected to be similar in nature to those incurred in prior periods and which are expected to relate to the closing of the Company's retail stores or the conversion of its stores to partner retail stores.