v3.24.1.1.u2
Summary of Significant Accounting Policies (Tables)
 12 Months Ended
Mar. 30, 2024
Accounting Policies [Abstract]  
Activity and Balances of Sales Reserves
The following table details the activity and balances of the Company’s sales reserves for the fiscal years ended March 30, 2024, April 1, 2023, and April 2, 2022 (in millions):
 Balance
Beginning
of Year		Amounts
Charged to
Revenue		Write-offs
Against
Reserves		Balance
at
Year End
Total Sales Reserves:
Fiscal Year Ended March 30, 2024$95 $378 $(394)$79 
Fiscal Year Ended April 1, 202392 400 (397)95 
Fiscal Year Ended April 2, 202298 333 (339)92 
Schedule of Cash and Cash Equivalents
A reconciliation of cash, cash equivalents and restricted cash as of March 30, 2024 and April 1, 2023 from the consolidated balance sheets to the consolidated statements of cash flows is as follows:
 Fiscal Years Ended
 March 30,
2024		April 1,
2023
Reconciliation of cash, cash equivalents and restricted cash
Cash and cash equivalents$199 $249 
Restricted cash included within prepaid expenses and other current assets6 7 
Total cash, cash equivalents and restricted cash shown in the consolidated statements of cash flows$205 $256 
Restrictions on Cash and Cash Equivalents
A reconciliation of cash, cash equivalents and restricted cash as of March 30, 2024 and April 1, 2023 from the consolidated balance sheets to the consolidated statements of cash flows is as follows:
 Fiscal Years Ended
 March 30,
2024		April 1,
2023
Reconciliation of cash, cash equivalents and restricted cash
Cash and cash equivalents$199 $249 
Restricted cash included within prepaid expenses and other current assets6 7 
Total cash, cash equivalents and restricted cash shown in the consolidated statements of cash flows$205 $256 
Components of Calculation of Basic Net Income Per Ordinary Share and Diluted Net Income Per Ordinary Share
The components of the calculation of basic net (loss) income per ordinary share and diluted net (loss) income per ordinary share are as follows (in millions, except share and per share data):
 Fiscal Years Ended
 March 30,
2024		April 1,
2023		April 2,
2022
Numerator:
Net (loss) income attributable to Capri$(229)$616 $822 
Denominator:
Basic weighted average shares117,014,420 132,532,009 149,724,675 
Weighted average dilutive share equivalents:
Share options, restricted stock units, and performance restricted stock units— 1,470,471 2,773,232 
Diluted weighted average shares117,014,420 134,002,480 152,497,907 
Basic net (loss) income per share (1)
$(1.96)$4.65 $5.49 
Diluted net (loss) income per share (1)
$(1.96)$4.60 $5.39 
(1)Basic and diluted net (loss) income per share are calculated using unrounded numbers.