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Segment information
12 Months Ended
Mar. 31, 2024
Disclosure of operating segments [abstract]  
Segment information Segment information
The Company has three reportable operating segments: DTC, Wholesale, and Other. The Company measures each reportable operating segment’s performance based on revenue and segment operating income (loss), which is the profit metric utilized by the Company’s chief operating decision maker, the Chairman and Chief Executive Officer, for assessing the performance of operating segments. No single customer contributed 10 per cent or more to the Company’s revenue for the years ended March 31, 2024, April 2, 2023, and April 3, 2022.
As at March 31, 2024, the performance measure for our Other segment was revised to exclude corporate general and administrative expenses; these expenses are now presented as a reconciling item to the Company’s consolidated operating income. This change in segment reporting was made to improve the understanding of financial performance in the Other segment.
Corporate expenses comprises costs that do not occur through the DTC, Wholesale, or Other segments, including the cost of marketing expenditures to build brand awareness across all segments, management overhead costs in support of manufacturing operations, other corporate
costs, and foreign exchange gains and losses not specifically associated with segment operations.
The following table presents key performance information of the Company’s reportable operating segments:
Year ended
March 31,
2024
April 2,
2023
April 3,
2022
 $ $ $
Revenue
DTC950.7 807.3 740.4 
Wholesale312.3 373.8 348.5 
Other70.8 35.9 9.5 
Total segment revenue1,333.8 1,217.0 1,098.4 
Operating income (loss)ReclassifiedReclassified
DTC387.1 347.4 322.9 
Wholesale114.0 131.2 121.5 
Other14.0 10.5 4.1 
Total segment operating income515.1 489.1 448.5 
The following table reconciles the Company’s reportable total segment operating income to income before income taxes:
Year ended
March 31,
2024
April 2,
2023
April 3,
2022
 $ $ $
Total segment operating income515.1 489.1 448.5 
Corporate expenses(390.6)(341.5)(289.0)
Total operating income124.5 147.6 159.5 
Net interest, finance and other costs
48.8 54.1 41.8 
Income before incomes taxes
75.7 93.5 117.7 
The following table summarizes depreciation and amortization in SG&A expenses of each reportable operating segment and depreciation and amortization included in corporate expenses:
Year ended
March 31,
2024
April 2,
2023
April 3,
2022
$
$
$
Depreciation and amortization expense
DTC96.5 81.6 78.1 
Wholesale3.9 3.9 2.3 
Other— — — 
Total segment depreciation and amortization expense
100.4 85.5 80.4 
Corporate expenses15.8 14.9 8.3 
Total depreciation and amortization expense
116.2 100.4 88.7 
Geographic information
The Company determines the geographic location of revenue based on the location of its customers.
Year ended
March 31,
2024
April 2,
2023
April 3,
2022
 $ $ $
Canada246.3 241.0 213.1 
United States324.6 340.2 305.9 
North America570.9 581.2 519.0 
Greater China1
422.2 287.3 288.8 
Asia Pacific (excluding Greater China1)
84.7 66.9 38.3 
Asia Pacific506.9 354.2 327.1 
EMEA2
256.0 281.6 252.3 
Total revenue1,333.8 1,217.0 1,098.4 
1.Greater China comprises Mainland China, Hong Kong, Macau, and Taiwan.
2.EMEA comprises Europe, the Middle East, Africa, and Latin America.
The Company’s non-current, non-financial assets (comprising of property, plant and equipment, intangible assets and right-of-use assets) are geographically located as follows:
Year ended
March 31,
2024
April 2,
2023
 $ $
Canada222.1 232.9 
United States140.7 111.7 
North America362.8 344.6 
Greater China1
63.6 73.6 
Asia Pacific (excluding Greater China1)
34.1 33.1 
Asia Pacific97.7 106.7 
EMEA2
126.2 131.6 
Non-current, non-financial assets586.7 582.9 
1.Greater China comprises Mainland China, Hong Kong, Macau, and Taiwan.
2.EMEA comprises Europe, the Middle East, Africa, and Latin America.