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Quarterly report pursuant to Section 13 or 15(d)

REVENUES

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REVENUES
 3 Months Ended
Jun. 29, 2024
Revenue from Contract with Customer [Abstract] Ìý
REVENUES REVENUES
Contract Balances
The following table provides information about contract assets and contract liabilities:
(In thousands) June 2024 March 2024 June 2023
Contract assets (a)
$ 3,188Ìý $ 2,393Ìý $ 2,645Ìý
Contract liabilities (b)
68,254Ìý 67,115Ìý 62,942Ìý
(a)Included in the other current assets line item in the Consolidated Balance Sheets.
(b)Included in the accrued liabilities line item in the Consolidated Balance Sheets.

For the three months ended June 2024, the Company recognized $46.3 million of revenue that was included in the contract liability balance during the period, including amounts recorded as a contract liability and subsequently recognized as revenue as performance obligations were satisfied within the same period, such as order deposits from customers. The change in the contract asset and contract liability balances primarily results from the timing differences between the Company's satisfaction of performance obligations and the customer's payment.
Performance Obligations
As of June 2024, the Company expects to recognize $75.8 million of fixed consideration related to the future minimum guarantees in effect under its licensing agreements and expects such
amounts to be recognized over time based on the contractual terms through March 2031. The variable consideration related to licensing arrangements is not disclosed as a remaining performance obligation as it qualifies for the sales-based royalty exemption. ´óÏó´«Ã½ has also elected the practical expedient to not disclose the transaction price allocated to remaining performance obligations for contracts with an original expected duration of one year or less.
As of June 2024, there were no arrangements with transaction price allocated to remaining performance obligations other than contracts for which the Company has applied the practical expedients and the fixed consideration related to future minimum guarantees discussed above.
Disaggregation of Revenues
The following tables disaggregate our revenues by channel and geography, which provides a meaningful depiction of how the nature, timing and uncertainty of revenues are affected by economic factors.
Three Months Ended June 2024
(In thousands) Outdoor Active Work Total
Channel revenues
Wholesale $ 441,881Ìý $ 435,264Ìý $ 136,644Ìý $ 1,013,789Ìý
Direct-to-consumer 345,290Ìý 499,957Ìý 33,933Ìý 879,180Ìý
Royalty 3,028Ìý 6,918Ìý 4,386Ìý 14,332Ìý
Total $ 790,199Ìý $ 942,139Ìý $ 174,963Ìý $ 1,907,301Ìý
Geographic revenues
Americas $ 373,400Ìý $ 526,726Ìý $ 144,643Ìý $ 1,044,769Ìý
Europe 264,181Ìý 270,153Ìý 18,522Ìý 552,856Ìý
Asia-Pacific 152,618Ìý 145,260Ìý 11,798Ìý 309,676Ìý
Total $ 790,199Ìý $ 942,139Ìý $ 174,963Ìý $ 1,907,301Ìý
Three Months Ended June 2023
(In thousands) Outdoor Active Work Total
Channel revenues
Wholesale $ 489,931Ìý $ 462,265Ìý $ 146,169Ìý $ 1,098,365Ìý
Direct-to-consumer 336,333Ìý 597,621Ìý 39,654Ìý 973,608Ìý
Royalty 3,433Ìý 6,123Ìý 4,807Ìý 14,363Ìý
Total $ 829,697Ìý $ 1,066,009Ìý $ 190,630Ìý $ 2,086,336Ìý
Geographic revenues
Americas $ 404,406Ìý $ 625,847Ìý $ 153,571Ìý $ 1,183,824Ìý
Europe 288,221Ìý 277,126Ìý 19,001Ìý 584,348Ìý
Asia-Pacific 137,070Ìý 163,036Ìý 18,058Ìý 318,164Ìý
Total $ 829,697Ìý $ 1,066,009Ìý $ 190,630Ìý $ 2,086,336Ìý