Capri Holdings Limited (CPRI) 10-Q 11 Aug 16 2017 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	3 Months Ended
	Jul. 02, 2016	Aug. 04, 2016
Document And Entity Information [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Jul. 2, 2016
Document Fiscal Year Focus	2,017
Document Fiscal Period Focus	Q1
Entity Registrant Name	MICHAEL KORS HOLDINGS LTD
Entity Central Index Key	1,530,721
Current Fiscal Year End Date	--04-01
Entity Filer Category	Large Accelerated Filer
Entity Common Stock, Shares Outstanding		169,011,250

Consolidated Balance Sheets (Un

Consolidated Balance Sheets (Unaudited) - USD ($) $ in Millions	Jul. 02, 2016	Apr. 02, 2016
Current assets
Cash and cash equivalents	$ 337.1	$ 702
Receivables, net	202.8	307.9
Inventories	606.9	546.8
Prepaid expenses and other current assets	109.3	113.1
Total current assets	1,256.1	1,669.8
Property and equipment, net	798.7	758.2
Intangible assets, net	464.3	67.4
Goodwill	122.2	23.2
Deferred tax assets	16.9	24.5
Other assets	32.5	23.7
Total assets	2,690.7	2,566.8
Current liabilities
Accounts payable	167.4	131.4
Accrued payroll and payroll related expenses	43.1	59.7
Accrued income taxes	45	51.6
Short-term debt	248.6	0
Accrued expenses and other current liabilities	197.8	192.8
Total current liabilities	701.9	435.5
Deferred rent	120.5	106.4
Deferred tax liabilities	88.5	3.5
Long-term debt	0	2.3
Other long-term liabilities	22.1	19.6
Total liabilities	933	567.3
Commitments and contingencies
Shareholders’ equity
Ordinary shares, no par value; 650,000,000 shares authorized; 208,759,289 shares issued and 168,997,105 outstanding at July 2, 2016; 208,084,175 shares issued and 176,441,891 outstanding at April 2, 2016	0	0
Treasury shares, at cost (39,762,184 shares at July 2, 2016 and 31,642,284 shares at April 2, 2016)	(2,054.5)	(1,650.1)
Additional paid-in capital	732.5	718.9
Accumulated other comprehensive loss	(78.3)	(80.9)
Retained earnings	3,154.9	3,007.8
Total shareholders’ equity of MKHL	1,754.6	1,995.7
Noncontrolling interest	3.1	3.8
Total equity	1,757.7	1,999.5
Total liabilities and shareholders’ equity	$ 2,690.7	$ 2,566.8

Consolidated Balance Sheets (U3

Consolidated Balance Sheets (Unaudited) (Parenthetical) - $ / shares	Jul. 02, 2016	Apr. 02, 2016
Statement of Financial Position [Abstract]
Ordinary shares, par value (in dollars per share)	$ 0	$ 0
Ordinary shares, shares authorized (in shares)	650,000,000	650,000,000
Ordinary shares, shares issued (in shares)	208,759,289	208,084,175
Ordinary shares, shares outstanding (in shares)	168,997,105	176,441,891
Treasury shares (in shares)	39,762,184	31,642,284

Consolidated Statements of Oper

Consolidated Statements of Operations and Comprehensive Income (Unaudited) - USD ($) $ in Millions	3 Months Ended
	Jul. 02, 2016	Jun. 27, 2015
Income Statement [Abstract]
Net sales	$ 957.3	$ 947.3
Licensing revenue	30.6	38.7
Total revenue	987.9	986
Cost of goods sold	396.6	382.4
Gross profit	591.3	603.6
Selling, general and administrative expenses	354	313.4
Depreciation and amortization	50.4	41.6
Total operating expenses	404.4	355
Income from operations	186.9	248.6
Other (income) expense, net	(0.3)	0.8
Interest expense, net	0.3	0.1
Foreign currency loss	1.3	0.7
Income before provision for income taxes	185.6	247
Provision for income taxes	39.3	72.6
Net income	146.3	174.4
Less: Net loss attributable to noncontrolling interest	(0.8)	0
Net income attributable to MKHL	$ 147.1	$ 174.4
Weighted average ordinary shares outstanding:
Weighted average shares outstanding, basic (in shares)	174,158,571	196,977,021
Weighted average shares outstanding, diluted (in shares)	176,613,751	200,054,494
Net income per ordinary share attributable to MKHL:
Net income per ordinary share, basic (in dollars per shares)	$ 0.84	$ 0.89
Net income per ordinary share, diluted (in dollars per shares)	$ 0.83	$ 0.87
Statements of Comprehensive Income:
Net income	$ 146.3	$ 174.4
Foreign currency translation adjustments	(0.4)	9.8
Net gain (loss) on derivatives	3.1	(10.6)
Comprehensive income	149	173.6
Less: Net loss attributable to noncontrolling interest	(0.8)	0
Less: Other comprehensive income attributable to noncontrolling interest	0.1	0
Comprehensive income attributable to MKHL	$ 149.7	$ 173.6

Consolidated Statement of Share

Consolidated Statement of Shareholders' Equity (Unaudited) - USD ($) $ in Millions	Total	Ordinary Shares	Additional Paid-in Capital	Treasury Shares	Accumulated Other Comprehensive Loss	Retained Earnings	Total Equity of MKHL	Non-controlling Interest
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	$ 174.4
Comprehensive income	$ 173.6
Beginning balance (in shares) at Apr. 02, 2016	208,084,175	208,084,000
Beginning balance (in shares) at Apr. 02, 2016	(31,642,284)			(31,642,000)
Beginning balance at Apr. 02, 2016	$ 1,999.5	$ 0	$ 718.9	$ (1,650.1)	$ (80.9)	$ 3,007.8	$ 1,995.7	$ 3.8
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	146.3					147.1	147.1	(0.8)
Other comprehensive income	2.7				2.6		2.6	0.1
Comprehensive income	149						149.7	(0.7)
Vesting of restricted awards, net of forfeitures (in shares)		384,000
Exercises of employee share options (in shares)		291,000
Exercises of employee share options	3		3				3
Equity compensation expense	9.8		9.8				9.8
Tax benefits on exercise of share options	0.8		0.8				0.8
Purchase of treasury shares (in shares)				(8,120,000)
Purchase of treasury shares	$ (404.4)			$ (404.4)			(404.4)
Ending balance (in shares) at Jul. 02, 2016	208,759,289	208,759,000
Ending balance (in shares) at Jul. 02, 2016	(39,762,184)			(39,762,000)
Ending balance at Jul. 02, 2016	$ 1,757.7	$ 0	$ 732.5	$ (2,054.5)	$ (78.3)	$ 3,154.9	$ 1,754.6	$ 3.1

Consolidated Statements of Cash

Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Millions	3 Months Ended
	Jul. 02, 2016	Jun. 27, 2015
Cash flows from operating activities
Net income	$ 146.3	$ 174.4
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	50.4	41.6
Equity compensation expense	9.8	12.5
Deferred income taxes	8.5	1.6
Amortization of deferred rent	1.1	0.5
Loss on disposal of fixed assets	0.2	0.6
Amortization of deferred financing costs	0.2	0.2
Tax benefits on exercise of share options	(0.8)	(8.3)
Foreign currency losses	1.3	0.6
Loss on joint venture	0	0.9
Change in assets and liabilities:
Receivables, net	127.5	112.5
Inventories	(32.4)	(80.6)
Prepaid expenses and other current assets	8	(5.4)
Other assets	(0.4)	2
Accounts payable	25.6	29.2
Accrued expenses and other current liabilities	(29.9)	(6.1)
Other long-term liabilities	7.1	3.5
Net cash provided by operating activities	322.5	279.7
Cash flows from investing activities
Capital expenditures	(46.9)	(106)
Purchase of intangible assets	(0.2)	(7.4)
Cash paid for business acquisition, net of cash acquired	(480.6)	0
Equity method investments	0	(0.9)
Net cash used in investing activities	(527.7)	(114.3)
Cash flows from financing activities
Borrowings under revolving credit facility	246.6	0
Repayments of debt obligations	(2.2)	0
Repurchases of treasury shares	(404.4)	(351.1)
Exercises of employee share options	3	4.9
Tax benefits on exercise of share options	0.8	8.3
Other financing activities	0	0
Net cash used in financing activities	(156.2)	(337.9)
Effect of exchange rate changes on cash and cash equivalents	(3.5)	2.1
Net decrease in cash and cash equivalents	(364.9)	(170.4)
Beginning of period	702	978.9
End of period	337.1	808.5
Supplemental disclosures of cash flow information
Cash paid for interest	0.3	0.2
Cash paid for income taxes	16.3	61.4
Supplemental disclosure of non-cash investing and financing activities
Accrued capital expenditures	$ 28.2	$ 25.6

Business and Basis of Presentat

Business and Basis of Presentation	3 Months Ended
	Jul. 02, 2016
Accounting Policies [Abstract]
Business and Basis of Presentation	Business and Basis of Presentation Michael Kors Holdings Limited (“MKHL,” and together with its subsidiaries, the “Company”) was incorporated in the British Virgin Islands (“BVI”) on December 13, 2002. The Company is a leading designer, marketer, distributor and retailer of branded women’s apparel and accessories and men’s apparel bearing the Michael Kors tradename and related trademarks “MICHAEL KORS,” “MICHAEL MICHAEL KORS,” and various other related trademarks and logos. The Company’s business consists of retail, wholesale and licensing segments. Retail operations consist of collection stores and lifestyle stores, including concessions and outlet stores, located primarily in the Americas (United States, Canada and Latin America), Europe and Asia, as well as e-commerce. Wholesale revenues are principally derived from major department and specialty stores located throughout the Americas and Europe, as well as certain of our licensees in Asia. The Company licenses its trademarks on products such as fragrances, beauty, eyewear, leather goods, jewelry, watches, coats, men’s suits, swimwear, furs and ties, as well as through geographic licenses. The interim consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States (“U.S. GAAP”) and include the accounts of the Company and its wholly-owned subsidiaries. All significant intercompany balances and transactions have been eliminated in consolidation. The consolidated financial statements as of July 2, 2016 , and for the three months ended July 2, 2016 and June 27, 2015 , are unaudited. In addition, certain information and footnote disclosures normally included in financial statements prepared in accordance with U.S. GAAP have been condensed or omitted. The interim financial statements reflect all normal and recurring adjustments, which are, in the opinion of management, necessary for a fair presentation in conformity with U.S. GAAP. The interim financial statements should be read in conjunction with the audited financial statements and notes thereto for the year ended April 2, 2016 , as filed with the Securities and Exchange Commission on June 1, 2016, in the Company’s Annual Report on Form 10-K. The results of operations for the interim periods should not be considered indicative of results to be expected for the full fiscal year. On May 31, 2016, the Company acquired 100% of the stock of its previously licensed business in the Greater China region, Michael Kors (HK) Limited and Subsidiaries ("MKHKL"), which has operations in China, Hong Kong, Macau and Taiwan. As a result, the Company began consolidating MKHKL into its operations beginning on June 1, 2016. See Note 3 for additional information. The Company utilizes a 52 to 53 week fiscal year ending on the Saturday closest to March 31. As such, the term “Fiscal Year” or “Fiscal” refers to the 52-week or 53-week period, ending on that day. The results for the three months ended July 2, 2016 and June 27, 2015 , are based on 13-week periods.

Summary of Significant Accounti

Summary of Significant Accounting Policies	3 Months Ended
	Jul. 02, 2016
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	Summary of Significant Accounting Policies Use of Estimates The preparation of financial statements in accordance with U.S. GAAP requires management to use judgment and make estimates that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. The level of uncertainty in estimates and assumptions increases with the length of time until the underlying transactions are completed. The most significant assumptions and estimates involved in preparing the financial statements include allowances for customer deductions, sales returns, sales discounts and doubtful accounts, estimates of inventory recovery, the valuation of share-based compensation, valuation of deferred taxes and the estimated useful lives used for amortization and depreciation of intangible assets and property and equipment. Actual results could differ from those estimates. Seasonality The Company experiences certain effects of seasonality with respect to its wholesale and retail segments. The Company’s wholesale segment generally experiences its greatest sales in our third and fourth fiscal quarters while its first fiscal quarter experiences the lowest sales. The Company’s retail segment generally experiences greater sales during our third fiscal quarter as a result of Holiday season sales. In the aggregate, the Company’s first fiscal quarter typically experiences significantly less sales volume relative to the other three quarters and its third fiscal quarter generally has higher sales volume relative to the other three quarters. Derivative Financial Instruments The Company uses forward foreign currency exchange contracts to manage its exposure to fluctuations in foreign currency for certain transactions. The Company in its normal course of business enters into transactions with foreign suppliers and seeks to minimize risks related to these transactions. The Company employs these forward foreign currency exchange contracts to hedge the Company’s cash flows, as they relate to foreign currency transactions. Certain of these contracts are designated as hedges for accounting purposes, while others remain undesignated. All of the Company’s derivative instruments are recorded in the Company’s consolidated balance sheets at fair value on a gross basis, regardless of their hedge designation. The Company designates certain contracts related to the purchase of inventory that qualify for hedge accounting as cash flow hedges. Formal hedge documentation is prepared for all derivative instruments designated as hedges, including description of the hedged item and the hedging instrument, the risk being hedged, and the manner in which hedge effectiveness will be assessed prospectively and retrospectively. The effective portion of changes in the fair value for contracts designated as cash flow hedges is recorded in equity as a component of accumulated other comprehensive income (loss) until the hedged item effects earnings. When the inventory related to forecasted inventory purchases that are being hedged is sold to a third party, the gains or losses deferred in accumulated other comprehensive income (loss) are recognized within cost of goods sold. The Company uses regression analysis to assess effectiveness of derivative instruments that are designated as hedges, which compares the change in the fair value of the derivative instrument to the change in the related hedged item. Effectiveness is assessed on a quarterly basis and any portion of the designated hedge contracts deemed ineffective is recorded to foreign currency gain (loss). If the hedge is no longer expected to be highly effective in the future, future changes in the fair value are recognized in earnings. For those contracts that are not designated as hedges, changes in the fair value are recorded to foreign currency gain (loss) in the Company’s consolidated statements of operations. The Company classifies cash flows relating to its derivative instruments consistently with the classification of the hedged item, within cash from operating activities. The Company is exposed to the risk that counterparties to derivative contracts will fail to meet their contractual obligations. In order to mitigate counterparty credit risk, the Company only enters into contracts with carefully selected financial institutions based upon their credit ratings and certain other financial factors, adhering to established limits for credit exposure. The aforementioned forward contracts generally have a term of no more than 12 months . The period of these contracts is directly related to the foreign transaction they are intended to hedge. Net Income per Share The Company’s basic net income per ordinary share is calculated by dividing net income by the weighted average number of ordinary shares outstanding during the period. Diluted net income per ordinary share reflects the potential dilution that would occur if share option grants or any other potentially dilutive instruments, including restricted shares and units (“RSUs”), were exercised or converted into ordinary shares. These potentially dilutive securities are included in diluted shares to the extent they are dilutive under the treasury stock method for the applicable periods. Performance-based RSUs are included in diluted shares if the related performance conditions are considered satisfied as of the end of the reporting period and to the extent they are dilutive under the treasury stock method. The components of the calculation of basic net income per ordinary share and diluted net income per ordinary share are as follows (in millions, except share and per share data): Three Months Ended July 2, June 27, Numerator: Net income attributable to MKHL $ 147.1 $ 174.4 Denominator: Basic weighted average shares 174,158,571 196,977,021 Weighted average dilutive share equivalents: Share options, restricted shares/units, and performance restricted share units 2,455,180 3,077,473 Diluted weighted average shares 176,613,751 200,054,494 Basic net income per share $ 0.84 $ 0.89 Diluted net income per share $ 0.83 $ 0.87 Share equivalents of 2,099,182 shares and 1,811,380 shares for the three months ended July 2, 2016 and June 27, 2015 , respectively, have been excluded from the above calculations due to their anti-dilutive effect. Please refer to Note 2 in the Company's Annual Report on Form 10-K for the fiscal year ended April 2, 2016, for a complete disclosure of the Company's significant accounting policies. Recently Adopted Accounting Pronouncements In September 2015, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("ASU") No. 2015-16, " Business Combinations (Topic 805): Simplifying the Accounting for Measurement-Period Adjustments ," which simplifies the accounting for adjustments made to provisional amounts recognized in a business combination by eliminating the requirement to retrospectively account for those adjustments and requiring such adjustments to be recognized in the reporting period in which they are determined. ASU 2015-16 requires disclosures of any amounts that would have been recorded in previous reporting periods if the adjustment was recognized as of the acquisition date. ASU 2015-16 is effective beginning with the Company's fiscal year 2017, with earlier application permitted, and should be applied prospectively. The adoption of ASU 2015-16 did not have a material impact on the Company's consolidated financial statements. In June 2014, the FASB issued ASU No. 2014-12, “ Accounting for Share-Based Payments When the Terms of an Award Provide That a Performance Target Could Be Achieved after the Requisite Service Period. ” ASU 2014-12 requires that a performance target under stock-based compensation arrangements that could be achieved after the service period is treated as a performance condition and not reflected in the grant-date fair value of the award. Rather, the related compensation cost should be recognized when it becomes probable that the performance targets will be achieved. ASU 2014-12 is effective beginning with the Company’s fiscal year 2017, with early adoption and retrospective application permitted. The adoption of ASU 2014-12 did not have a material impact on the Company's consolidated financial statements. Recently Issued Accounting Pronouncements We have considered all new accounting pronouncements, and other than the recent pronouncements discussed below, and have concluded that there are no new pronouncements that have a material impact on our results of operations, financial condition or cash flows based on current information. Revenue Recognition In May 2014, the FASB issued ASU No. 2014-09, “ Revenue from Contracts with Customers ,” which provides new guidance for revenues recognized from contracts with customers, and will replace the existing revenue recognition guidance. ASU No. 2014-09 requires that revenue is recognized at an amount the company is entitled to upon transferring control of goods or services to customers, as opposed to when risks and rewards transfer to a customer. In July 2015, the FASB issued ASU No. 2015-14, " Revenue from Contracts with Customers (Topic 606): Deferral of the Effective Date, " which deferred the effective date of ASU No. 2014-09 by one year, making it effective for the interim reporting periods within the annual reporting period beginning after December 15, 2017, or beginning with the Company’s fiscal year 2019. This standard may be applied retrospectively to all prior periods presented, or retrospectively with a cumulative adjustment to retained earnings in the year of adoption. The Company is currently evaluating the adoption method and the impact that ASU 2014-09 will have on its consolidated financial statements and related disclosures. The FASB has issued several additional ASUs to provide implementation guidance on ASU No. 2015-09, including ASU No. 2016-08, " Revenue from Contracts with Customers (Topic 606): Principal versus Agent Considerations (Reporting Revenue Gross versus Net)" issued in March 2016 and ASU No. 2016-10, " Revenue from Contracts with Customers (Topic 606): Identifying Performance Obligations and Licensing" issued in April 2016 and ASU No. 2016-12, " Revenue from Contracts with Customers (Topic 606): Narrow-Scope Improvements and Practical Expedients " issued in May 2016. The Company will consider this guidance in evaluating the impact of ASU 2014-09. Lease Accounting In February 2016, the FASB issued ASU No. 2016-02, " Leases (Topic 842)," which requires lessees to recognize a lease liability and a right-to-use asset on the balance sheet for all leases, except certain short-term leases. ASU 2016-02 is effective beginning with the Company's fiscal year 2020, with early adoption permitted, and must be implemented using a modified restrospective approach for all leases existing at, or entered into after the beginning of the earliest comparative period that is presented in the financial statements. The Company is currently evaluating the impact of ASU 2016-02 on its consolidated financial statements but expects that the adoption of this standard will result in a significant increase in assets and liabilities on its consolidated balance sheets. Share-Based Compensation In March 2016, the FASB issued ASU No. 2016-09, " Improvements to Employee Share-Based Payment Accounting ," which simplifies accounting and presentation of share-based payments, primarily relating to the recognition and classification of excess tax benefits, accounting for forfeitures and tax withholding requirements. ASU 2016-09 is effective beginning with the Company's fiscal year 2018, with early adoption permitted and different permitted adoption methods for each provision of the standard. The Company is currently evaluating the impact of ASU 2016-09 on its consolidated financial statements. Inventory Valuation In July 2015, the FASB issued ASU No. 2015-11, "Inventory (Topic 330): Simplifying the Measurement of Inventory." The new guidance requires inventory accounted for using the average cost or first-in first-out method ("FIFO") to be measured at the lower of cost or net realizable value, replacing the current requirement to value inventory at the lower of cost or market. Net realizable value is defined as the estimated selling price in the ordinary course of business, less reasonably predictable costs of completion, disposal and transportation. ASU 2015-11 is effective beginning with the Company's fiscal year 2018 and should be applied prospectively, with earlier application permitted. The Company does not expect that ASU No. 2015-11 will have a material impact on its financial statements.

Acquisitions

Acquisitions	3 Months Ended
	Jul. 02, 2016
Business Combinations [Abstract]
Acquisitions	Acquisitions Fiscal 2017 Acquisition On May 31, 2016, the Company acquired 100% of the stock of Michael Kors (HK) Limited and its subsidiaries, its licensees in the Greater China Region, which includes China, Hong Kong, Macau and Taiwan. The Company believes that having direct control of this business will allow it to better manage opportunities and capitalize on the growth potential in the region. This acquisition was funded by a cash payment of $500.0 million , which may be subject to certain purchase price adjustments. The Company accounted for the acquisition as a business combination. The following table summarized the preliminary estimated fair values of the assets acquired and liabilities assumed at the date of acquisition (in millions): May 31, 2016 Cash and cash equivalents $ 19.4 Accounts receivable 22.3 Inventory 36.1 Other current assets 3.0 Current assets 80.8 Property and equipment 46.6 Goodwill 99.0 Reacquired rights 400.4 Favorable lease assets 1.8 Customer relationships 0.7 Deferred tax assets 7.8 Other assets 6.6 Total assets acquired $ 643.7 Accounts payable $ 8.9 Short-term debt 5.8 Other current liabilities 27.8 Current liabilities 42.5 Unfavorable lease liabilities 4.8 Deferred tax liabilities 92.3 Other liabilities 4.1 Total liabilities assumed $ 143.7 Fair value of net assets acquired $ 500.0 Fair value of acquisition consideration $ 500.0 The purchase price was allocated to the underlying assets acquired and liabilities assumed based on their estimated fair values at the date of acquisition, with the $99.0 million difference between the purchase price over the net identifiable tangible and intangible assets acquired allocated to goodwill, which is not deductible for tax purposes. As part of this acquisition, the Company reacquired the rights to use its trademarks and to import, sell, advertise and promote certain of its products in the licensed territories, which were previously granted to its licensees in the Greater China region. As such, the Company recognized reacquired rights as a separate intangible asset from goodwill, which will be amortized through March 31, 2041, the original expiration date of its license agreement in the Greater China region. In addition, the Company recognized customer relationship intangible assets associated with wholesale customers, which will be amortized over ten years . The favorable lease assets and unfavorable lease liabilities have been separately recorded in the Company's financial statements and are recognized as rent expense and a reduction in rent expense, respectively, over the remaining term of the related lease agreements. MKHKL's results of operations have been included in our consolidated financial statements beginning on June 1, 2016. MKHKL had total revenue of $ 20.6 million and net loss of $ 2.2 million (after amortization of non-cash valuation adjustments and integration costs) for the period from the date of acquisition through July 2, 2016. The following table summarizes the unaudited pro-forma consolidated results of operations for the three months ended July 2, 2016 and June 27, 2015 as if the acquisition had occurred on March 29, 2015, the beginning of Fiscal 2016 (in millions): Three Months Ended July 2, June 27, Pro-forma net sales $ 1,014.3 $ 1,015.4 Pro-forma net income 155.2 173.6 Pro-forma net income per ordinary share attributable to MKHL: Basic $ 0.89 $ 0.88 Diluted $ 0.88 $ 0.87 The unaudited pro-forma consolidated results above are based on the historical financial statements of the Company and MKHKL and are not necessarily indicative of the results of operations that would have been achieved if the acquisition was completed at the beginning of Fiscal 2016 and are not indicative of the future operating results of the combined company. The pro-forma consolidated results of operations reflect the elimination of intercompany transactions and include the effects of purchase accounting adjustments, including amortization charges related to the finite-lived intangible assets acquired (reacquired rights and customer relationships), fair value adjustments relating to leases, fixed assets and inventory, and the related tax effects assuming that the business combination occurred on March 29, 2015. The pro-forma consolidated results of operations for the three months ended July 2, 2016 also reflect the elimination of transaction costs of approximately $ 11.3 million , which have been recorded within selling, general and administrative expenses in the Company's consolidated statement of operations and comprehensive income for the three months ended July 2, 2016. The Company is in the process of finalizing the purchase accounting adjustments related to MKHKL, which could result in measurement period adjustments in future periods. Fiscal 2016 Acquisitions On January 1, 2016, the Company acquired direct control of its previously licensed business in South Korea ("MK Korea") upon the related license expiration in exchange for cash consideration of approximately $3.6 million . The Company accounted for this acquisition as a business combination and began consolidating the South Korean business into its operations beginning with the fourth quarter of Fiscal 2016. During the second quarter of Fiscal 2016, the Company made contributions to its Latin American Joint venture, MK (Panama) Holdings S.A. and subsidiaries ("MK Panama") totaling $18.5 million , consisting of cash consideration of $3.0 million and the elimination of liabilities owed to the Company of $15.5 million , which increased the Company's ownership interest to 75% . As a result of obtaining controlling interest in MK Panama, which was previously accounted for under the equity method of accounting, the Company began consolidating MK Panama into its operations during the second quarter of Fiscal 2016. The Company accounted for its acquisition of controlling interest in MK Panama as a business combination. Please refer to Note 3 in the Company's Annual Report on Form 10-K for the fiscal year ended April 2, 2016, for detailed information relating to the Company's acquisitions of MK Korea and MK Panama businesses.

Receivables, net

Receivables, net	3 Months Ended
	Jul. 02, 2016
Receivables [Abstract]
Receivables, net	Receivables, net Receivables, net consist of (in millions): July 2, April 2, Trade receivables: Credit risk insured $ 240.5 $ 353.7 Credit risk retained by Company 51.0 61.8 Receivables due from licensees 7.6 9.5 299.1 425.0 Less allowances: (96.3 ) (117.1 ) $ 202.8 $ 307.9 Receivables are presented net of allowances for sales returns, discounts, markdowns, operational chargebacks and doubtful accounts. Sales returns are determined based on an evaluation of current market conditions and historical returns experience. Discounts are based on open invoices where trade discounts have been extended to customers. Markdowns are based on wholesale customers' sales performance, seasonal negotiations with customers, historical deduction trends and an evaluation of current market conditions. Operational chargebacks are based on deductions taken by customers, net of expected recoveries. Such provisions, and related recoveries, are reflected in net sales. The Company has assumed responsibility for all of the previously factored accounts receivable balances, but a large percentage of its trade receivables as of July 2, 2016 and April 2, 2016 are insured. The Company's allowance for doubtful accounts is determined through analysis of periodic aging of receivables that are not covered by insurance and assessments of collectability based on an evaluation of historic and anticipated trends, the financial conditions of the Company’s customers and the impact of general economic conditions. The past due status of a receivable is based on its contractual terms. Amounts deemed uncollectible are written off against the allowance when it is probable the amounts will not be recovered. Allowance for doubtful accounts as of July 2, 2016 and April 2, 2016 was $0.6 million and $0.7 million , respectively.

Property and Equipment, net

Property and Equipment, net	3 Months Ended
	Jul. 02, 2016
Property, Plant and Equipment [Abstract]
Property and Equipment, net	Property and Equipment, net Property and equipment, net consist of (in millions): July 2, April 2, Leasehold improvements $ 469.3 $ 414.6 In-store shops 246.3 242.9 Furniture and fixtures 225.2 212.7 Computer equipment and software 179.4 167.9 Equipment 87.7 79.1 Land 14.6 15.1 1,222.5 1,132.3 Less: accumulated depreciation and amortization (535.6 ) (490.9 ) 686.9 641.4 Construction-in-progress 111.8 116.8 $ 798.7 $ 758.2 Depreciation and amortization of property and equipment for the three months ended July 2, 2016 and June 27, 2015 was $46.9 million and $39.7 million , respectively.

Intangible Assets and Goodwill

Intangible Assets and Goodwill	3 Months Ended
	Jul. 02, 2016
Goodwill and Intangible Assets Disclosure [Abstract]
Intangible Assets and Goodwill	Intangible Assets and Goodwill The following table details the carrying values of the Company's intangible assets that are subject to amortization (in millions): July 2, 2016 April 2, 2016 Gross Carrying Amount Accumulated Amortization Net Gross Carrying Amount Accumulated Amortization Net Reacquired rights $ 400.4 $ 1.4 $ 399.0 $ — $ — $ — Lease rights 72.4 19.2 53.2 73.3 17.8 55.5 Trademarks 23.0 15.4 7.6 23.0 15.1 7.9 Customer relationships 4.9 0.4 4.5 4.2 0.2 4.0 $ 500.7 $ 36.4 $ 464.3 $ 100.5 $ 33.1 $ 67.4 Reacquired rights relate to the Company's reacquisition of the rights to use its trademarks and to import, sell, advertise and promote certain of its products in the previously licensed territories in the Greater China region and are being amortized through March 31, 2041, the expiration date of the related license agreement. Lease rights are amortized over the respective terms of the underlying lease, including highly probable renewal periods. Trademarks relate to the Company’s brand name and are amortized over twenty years . Customer relationships are amortized over five to ten years . Amortization expense for the three months ended July 2, 2016 and June 27, 2015 was $3.5 million and $1.9 million , respectively. Estimated amortization expense for each of the next five years is as follows (in millions): Remainder of Fiscal 2017 $ 18.5 Fiscal 2018 24.7 Fiscal 2019 24.6 Fiscal 2020 24.6 Fiscal 2021 24.4 Thereafter 347.5 $ 464.3 The following table details the changes in goodwill for each of the Company's reportable segments (in millions): Retail Wholesale Licensing Total Balance at April 2, 2016 $ 8.0 $ 13.3 $ 1.9 $ 23.2 Acquisition of MKHKL 86.2 12.8 — 99.0 Balance at July 2, 2016 $ 94.2 $ 26.1 $ 1.9 $ 122.2 Goodwill is not amortized but will be evaluated for impairment in the fourth quarter of Fiscal 2017, or whenever impairment indicators exist. There were no impairment charges recorded for any of the Company's intangible assets during the fiscal periods presented.

Other Current Liabilities

Other Current Liabilities	3 Months Ended
	Jul. 02, 2016
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Other Current Liabilities	Other Current Liabilities Accrued expenses and other current liabilities consist of the following (in millions): July 2, April 2, Accrued capital expenditures $ 27.6 $ 33.6 Other taxes payable 46.9 38.2 Accrued rent 32.0 30.5 Advance royalties 21.5 30.2 Gift cards and retail store credits 12.6 13.1 Professional services 14.1 7.0 Unrealized loss on forward foreign currency exchange contracts 1.6 5.5 Accrued advertising 4.8 5.2 Accrued litigation 2.6 1.8 Other 34.1 27.7 $ 197.8 $ 192.8

Debt Obligations

Debt Obligations	3 Months Ended
	Jul. 02, 2016
Debt Disclosure [Abstract]
Debt Obligations	Debt Obligations Senior Unsecured Revolving Credit Facility On October 29, 2015 , the Company entered into an amended and restated senior unsecured revolving credit facility ("2015 Credit Facility") with, among others, JPMorgan Chase Bank, N.A. ("JPMorgan Chase"), as administrative agent, which replaced its prior 2013 senior unsecured revolving credit facility ("2013 Credit Facility"). The Company and a U.S., Canadian, Dutch and Swiss subsidiary are the borrowers under the 2015 Credit Facility. The borrowers and certain material subsidiaries of the Company provide unsecured guarantees of the 2015 Credit Facility. The 2015 Credit Facility provides for up to $1.0 billion in borrowings, which may be denominated in U.S. Dollars and other currencies, including Euros, Canadian Dollars, Pounds Sterling, Japanese Yen and Swiss Francs. The 2015 Credit Facility also provides for the issuance of letters of credit of up to $75.0 million and swing line loans of up to $50.0 million . The Company has the ability to expand its borrowing availability under the 2015 Credit Facility by up to an additional $500.0 million , subject to the agreement of the participating lenders and certain other customary conditions. The 2015 Credit Facility expires on October 29, 2020 . Borrowings under the 2015 Credit Facility bear interest, at the Company's option, at (i) for loans denominated in U.S. Dollars, an alternative base rate, which is the greater of the prime rate publicly announced from time to time by JPMorgan Chase, the greater of the federal funds effective rate or Federal Reserve Bank of New York overnight bank funding rate plus 50 basis points or the one-month London Interbank Offered Rate adjusted for statutory reserve requirements for Eurocurrency liabilities ("Adjusted LIBOR") plus 100 basis points, in each case, plus an applicable margin based on the Company's leverage ratio; (ii) Adjusted LIBOR for the applicable interest period, plus an applicable margin based on the Company's leverage ratio; (iii) for Canadian borrowings, the Canadian prime rate, which is the greater of the PRIMCAN Index rate or the rate applicable to one-month Canadian Dollar banker's acceptances quoted on Reuters ("CDOR") plus 100 basis points, plus an applicable margin based on the Company's leverage ratio; or (iv) for Canadian borrowings, the average CDOR rate for the applicable interest period, plus an applicable margin based on the Company's leverage ratio. The 2015 Credit Facility requires the Company to maintain a leverage ratio at the end of each fiscal quarter of no greater than 3.5 to 1. Such leverage ratio is calculated as the ratio of the sum of total indebtedness as of the date of the measurement plus 6.0 times the consolidated rent expense for the last four consecutive fiscal quarters, to Consolidated EBITDAR for the last four consecutive fiscal quarters. Consolidated EBITDAR is defined as consolidated net income plus income tax expense, net interest expense, depreciation and amortization expense, consolidated rent expense and other non-cash charges, subject to certain deductions. The 2015 Credit Facility also includes covenants that limit additional indebtedness, guarantees, liens, acquisitions and other investments and cash dividends that are customary for financings of this type. As of July 2, 2016 , the Company was in compliance with all covenants related to this agreement. As of July 2, 2016 , the Company had €218.0 million (approximately $242.8 million ) in borrowings outstanding under the 2015 Credit Facility, which were recorded within short-term debt in its consolidated balance sheet as of July 2, 2016 . In addition, stand-by letters of credit of $10.3 million were outstanding as of July 2, 2016 . There were no borrowings outstanding under the 2015 Credit Facility as of April 2, 2016. At July 2, 2016 , the amount available for future borrowings was $743.4 million . Please refer to Note 9 in the Company's Fiscal 2016 Annual Report on Form 10-K for additional information about the Company's 2015 Credit Facility. Hong Kong Credit Facility The Company's subsidiary in Hong Kong, Michael Kors (HK) Limited, has an uncommitted credit facility ("HK Credit Facility") with HSBC (the "Bank"), which may be used to fund general working capital needs of Michael Kors (HK) Limited through November 30, 2016 , subject to the Bank's discretion. The HK Credit Facility provides Michael Kors (HK) Limited with a revolving line of credit of up to 100.0 million Hong Kong Dollars (approximately $12.9 million ), and may be used to support bank guarantees. In addition, this credit facility provides for a business card facility of up to 0.4 million Hong Kong Dollars (less than $0.1 million ). Borrowings under the HK Credit Facility must be made in increments of at least 5.0 million Hong Kong Dollars and bear interest at the Hong Kong Interbank Offered Rate ("HIBOR") plus 150 basis points. As of July 2, 2016 , borrowings outstanding under the HK Credit Facility were 45.0 million Hong Kong Dollars (approximately $ 5.8 million ), which were recorded within short-term debt in the Company's consolidated balance sheet as of July 2, 2016 . In addition, as of July 2, 2016 , bank guarantees supported by this facility were 8.8 million Hong Kong Dollars (approximately $ 1.1 million ). At July 2, 2016 , the amount available for future borrowings under the Hong Kong Credit Facility was 46.2 million Hong Kong Dollars (approximately $ 6.0 million ). Debt Obligations of MK Panama The Company's consolidated balance sheet as of April 2, 2016 included $2.3 million in debt related to MK Panama, which was no longer outstanding as of July 2, 2016 .

Commitments and Contingencies

Commitments and Contingencies	3 Months Ended
	Jul. 02, 2016
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies In the ordinary course of business, the Company is party to various legal proceedings and claims. Although the outcome of such items cannot be determined with certainty, the Company’s management does not believe that the outcome of all pending legal proceedings in the aggregate will have a material adverse effect on its cash flow, results of operations or financial position. Please refer to the Contractual Obligations and Commercial Commitments disclosure within the Liquidity section of the Fiscal 2016 Form 10-K for a detailed disclosure of other commitments and contractual obligations as of April 2, 2016.

Fair Value of Financial Instrum

Fair Value of Financial Instruments	3 Months Ended
	Jul. 02, 2016
Fair Value Disclosures [Abstract]
Fair Value of Financial Instruments	Fair Value of Financial Instruments Financial assets and liabilities are measured at fair value using the three-level valuation hierarchy for disclosure of fair value measurements. The determination of the applicable level within the hierarchy of a particular asset or liability depends on the inputs used in the valuation as of the measurement date, notably the extent to which the inputs are market-based (observable) or internally derived (unobservable). Observable inputs are inputs that market participants would use in pricing the asset or liability developed based on market data obtained from independent sources. Unobservable inputs are inputs based on a company’s own assumptions about market participant assumptions developed based on the best information available in the circumstances. The hierarchy is broken down into three levels based on the reliability of inputs as follows: Level 1 – Valuations based on quoted prices in active markets for identical assets or liabilities that a company has the ability to access at the measurement date. Level 2 – Valuations based on quoted inputs other than quoted prices included within Level 1, that are observable for the asset or liability, either directly or indirectly through corroboration with observable market data. Level 3 – Valuations based on inputs that are unobservable and significant to the overall fair value measurement. At July 2, 2016 and April 2, 2016 , the fair values of the Company’s forward foreign currency exchange contracts, the Company’s only derivative instruments, were determined using broker quotations, which were calculations derived from observable market information: the applicable currency rates at the balance sheet date and those forward rates particular to the contract at inception. The Company makes no adjustments to these broker obtained quotes or prices but assesses the credit risk of the counterparty and would adjust the provided valuations for counterparty credit risk when appropriate. The fair values of the forward contracts are included in prepaid expenses and other current assets, and in accrued expenses and other current liabilities in the consolidated balance sheets, depending on whether they represent assets or (liabilities) to the Company, as detailed in Note 11 . All contracts are measured and recorded at fair value on a recurring basis and are categorized in Level 2 of the fair value hierarchy, as shown in the following table (in millions): Fair value at July 2, 2016 using: Fair value at April 2, 2016 using: Quoted prices in active markets for identical assets (Level 1) Significant other observable inputs (Level 2) Significant unobservable inputs (Level 3) Quoted prices in active markets for identical assets (Level 1) Significant other observable inputs (Level 2) Significant unobservable inputs (Level 3) Forward foreign currency exchange contracts - Euro $ — $ (0.2 ) $ — $ — $ (5.5 ) $ — Forward foreign currency exchange contracts - U.S. Dollar — — — — 0.1 — Total $ — $ (0.2 ) $ — $ — $ (5.4 ) $ — The Company’s cash and cash equivalents, accounts receivable and accounts payable, are recorded at carrying value, which approximates fair value. Borrowings under revolving credit agreements are recorded at carrying value, which approximates fair value due to the short-term nature of such borrowings.

Derivative Financial Instrument

Derivative Financial Instruments	3 Months Ended
	Jul. 02, 2016
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivative Financial Instruments	Derivative Financial Instruments The Company uses forward foreign currency exchange contracts to manage its exposure to fluctuations in foreign currency for certain of its transactions. The Company in its normal course of business enters into transactions with foreign suppliers and seeks to minimize risks related to certain forecasted inventory purchases by using forward foreign currency exchange contracts. The Company only enters into derivative instruments with highly credit-rated counterparties. The Company’s derivative financial instruments are not currently subject to master netting arrangements. The Company does not enter into derivative contracts for trading or speculative purposes. The following table details the fair value of the Company’s derivative contracts, which are recorded on a gross basis in the consolidated balance sheets as of July 2, 2016 and April 2, 2016 (in millions): Fair Values Notional Amounts Current Assets (1) Current Liabilities (2) July 2, April 2, July 2, April 2, July 2, April 2, Designated forward foreign currency exchange contracts $ 183.9 $ 174.1 $ 1.1 $ 0.1 $ 1.6 $ 5.1 Undesignated forward foreign currency exchange contracts 26.8 30.0 0.3 — — 0.4 Total $ 210.7 $ 204.1 $ 1.4 $ 0.1 $ 1.6 $ 5.5 (1) Recorded within prepaid expenses and other current assets in the Company’s consolidated balance sheets. (2) Recorded within accrued expenses and other current liabilities in the Company’s consolidated balance sheets. Changes in the fair value of the effective portion of the Company’s forward foreign currency exchange contracts that are designated as accounting hedges are recorded in equity as a component of accumulated other comprehensive income, and are reclassified from accumulated other comprehensive income into earnings when the items underlying the hedged transactions are recognized into earnings, as a component of cost of sales within the Company’s consolidated statements of operations. The following tables summarize the impact of the effective portion of gains and losses of the forward contracts designated as hedges for the three months ended July 2, 2016 and June 27, 2015 (in millions): Three Months Ended July 2, 2016 June 27, 2015 Pre-Tax Gain Recognized in OCI (Effective Portion) Pre-Tax Gain Reclassified from Accumulated OCI into Earnings (Effective Portion) Pre-Tax Loss Recognized in OCI (Effective Portion) Pre-Tax Loss Reclassified from Accumulated OCI into Earnings (Effective Portion) Forward foreign currency exchange contracts $ 3.3 $ (0.1 ) $ (11.7 ) $ — Amounts related to ineffectiveness were not material during all periods presented. The Company expects that substantially all of the amounts currently recorded in accumulated other comprehensive loss will be reclassified into earnings during the next twelve months, based upon the timing of inventory purchases and turns. These amounts are subject to fluctuations in the applicable currency exchange rates. During the three months ended July 2, 2016 and June 27, 2015 , the Company recognized gains of $0.2 million and losses of $1.0 million , respectively, related to changes in the fair value of undesignated forward currency exchange contracts within foreign currency gains (losses) in the Company’s consolidated statement of operations.

Shareholders' Equity

Shareholders' Equity	3 Months Ended
	Jul. 02, 2016
Equity [Abstract]
Shareholders' Equity	Shareholders’ Equity Share Repurchase Program On May 25, 2016, the Company's Board of Directors authorized a new $1.0 billion share repurchase program, which replaced the remaining balance of the previous share repurchase program authorized on October 30, 2014. During the three months ended July 2, 2016 and June 27, 2015 , the Company repurchased 8,025,749 shares and 6,960,352 shares, respectively, at a cost of $400.0 million and $350.0 million , respectively, under its share-repurchase programs through open market transactions. As of July 2, 2016 , the remaining availability under the Company’s new share repurchase program was $600.0 million . The Company also has in place a “withhold to cover” repurchase program, which allows the Company to withhold ordinary shares from certain executive officers to satisfy minimum tax withholding obligations relating to the vesting of their restricted share awards. During the three month periods ended July 2, 2016 and June 27, 2015 , the Company withheld 94,151 shares and 22,540 shares, respectively, at a cost of $4.4 million and $1.1 million , respectively, in satisfaction of minimum tax withholding obligations relating to the vesting of restricted share awards.

Accumulated Other Comprehensive

Accumulated Other Comprehensive Income	3 Months Ended
	Jul. 02, 2016
Equity [Abstract]
Accumulated Other Comprehensive Income	Accumulated Other Comprehensive Income The following table details changes in the components of accumulated other comprehensive income, net of taxes for the three months ended July 2, 2016 and June 27, 2015 , respectively (in millions): Foreign Currency Translation (Losses) Gains Net Gains (Losses) on Derivatives (1) Total Accumulated Other Comprehensive (Loss) Income Balance at March 28, 2015 $ (96.1 ) $ 29.3 $ (66.8 ) Other comprehensive (loss) income before reclassifications 9.8 (10.6 ) (0.8 ) Less: net gains reclassified from AOCI to earnings — — — Other comprehensive (loss) income, net of tax 9.8 (10.6 ) (0.8 ) Balance at June 27, 2015 $ (86.3 ) $ 18.7 $ (67.6 ) Balance at April 2, 2016 $ (77.6 ) $ (3.2 ) $ (80.8 ) Other comprehensive loss before reclassifications (0.4 ) 3.0 2.6 Less: net gains reclassified from AOCI to earnings — (0.1 ) (0.1 ) Other comprehensive (loss) income, net of tax (0.4 ) 3.1 2.7 Balance at July 2, 2016 $ (78.0 ) $ (0.1 ) $ (78.1 ) Less: other comprehensive income attributable to noncontrolling interest 0.2 — 0.2 Other comprehensive (loss) income attributable to MKHL $ (78.2 ) $ (0.1 ) $ (78.3 ) _________________________ (1) Reclassified amounts relate to the Company’s forward foreign currency exchange contracts for inventory purchases and are recorded within cost of goods sold in the Company’s consolidated statements of operations. Other comprehensive income (loss) before reclassifications related to derivative financial instruments for the three months ended June 27, 2015 is net of tax benefits $ 1.0 million . All other tax effects were not material for the periods presented.

Share-Based Compensation

Share-Based Compensation	3 Months Ended
	Jul. 02, 2016
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Share-Based Compensation	Share-Based Compensation The Company issues equity grants to certain employees and directors of the Company at the discretion of the Company’s Compensation Committee. The Company has two equity plans, one adopted in Fiscal 2008, the Michael Kors (USA), Inc. Stock Option Plan (as amended and restated, the “2008 Plan”), and the other adopted in the third fiscal quarter of Fiscal 2012, the Michael Kors Holdings Limited Omnibus Incentive Plan (the “2012 Plan”). The 2008 Plan only provided for grants of share options and was authorized to issue up to 23,980,823 ordinary shares. As of July 2, 2016 , there were no shares available to grant equity awards under the 2008 Plan. The 2012 Plan allows for grants of share options, restricted shares and restricted share units, and other equity awards, and authorizes a total issuance of up to 15,246,000 ordinary shares. At July 2, 2016 , there were 8,413,066 ordinary shares available for future grants of equity awards under the 2012 Plan. Option grants issued from the 2008 Plan generally expire ten years from the date of the grant, and those issued under the 2012 Plan generally expire seven years from the date of the grant. Share Options Share options are generally exercisable at no less than the fair market value on the date of grant. The Company has issued two types of option grants, those that vest based on the attainment of a performance target and those that vest based on the passage of time. Performance-based share options may vest based upon the attainment of one of two performance measures. One performance measure is an individual performance target, which is based upon certain performance targets unique to the individual grantee, and the other measure is a company-wide performance target, which is based on a cumulative minimum growth requirement in consolidated net equity. The individual performance target vests 20% of the total option grant each year the target is satisfied. The individual has ten years in which to achieve five individual performance vesting tranches. The company-wide performance target must be achieved over the ten -year term. Performance is measured at the end of the term, and any unvested options vest if the target is achieved. The Company-wide performance target is established at the time of the grant. The target metrics underlying individual performance vesting requirements are established for each recipient each year up until such time as the grant is fully vested. Options subject to time-based vesting requirements become vested in four equal increments on each of the first, second, third and fourth anniversaries of the date on which such options were awarded. The following table summarizes the share option activity during the three months ended July 2, 2016 : Number of Options Weighted Average Exercise Price Outstanding at April 2, 2016 5,820,413 $ 28.41 Granted 177,666 $ 49.88 Exercised (291,626 ) $ 10.62 Canceled/forfeited (93,737 ) $ 72.32 Outstanding at July 2, 2016 5,612,716 $ 29.28 The weighted average grant date fair value for options granted during three months ended July 2, 2016 and June 27, 2015 was $13.79 and $14.37 , respectively. The following table represents assumptions used to estimate the fair value of options: Three Months Ended July 2 June 27 Expected dividend yield 0.0 % 0.0 % Volatility factor 30.1 % 31.1 % Weighted average risk-free interest rate 1.1 % 1.6 % Expected life of option 4.75 years 4.75 years Restricted Shares and Restricted Share Units The Company grants restricted shares and restricted share units at the fair market value on the date of the grant. Expense for restricted share awards is based on the closing market price of the Company’s shares on the date of grant and is recognized ratably over the vesting period net of expected forfeitures. Restricted share grants generally vest in equal increments on each of the four anniversaries of the date of grant. In addition, the Company grants two types of restricted share unit (“RSU”) awards: time-based RSUs and performance-based RSUs. Time-based RSUs generally vest in full either on the first anniversary of the date of the grant, or in equal increments on each of the four anniversaries of the date of grant. Performance-based RSUs vest in full on the three -year anniversary of the date of grant, subject to the employee’s continued employment during the vesting period and only if certain pre-established cumulative performance targets are met at the end of the three -year performance period. Expense related to performance-based RSUs is recognized ratably over the three -year performance period, net of forfeitures, based on the probability of attainment of the related performance targets. The potential number of shares that may be earned ranges between 0% , if the minimum level of performance is not attained, and 150% , if the level of performance is at or above the pre-determined maximum achievement level. The following table summarizes restricted share activity during the three months ended July 2, 2016 : Restricted Shares Number of Unvested Restricted Shares Weighted Average Grant Date Fair Value Unvested at April 2, 2016 390,229 $ 82.38 Granted — $ — Vested (122,570 ) $ 80.64 Canceled/forfeited (33,561 ) $ 83.06 Unvested at July 2, 2016 234,098 $ 83.20 The following table summarizes the RSU activity during the three months ended July 2, 2016 : Service-based Performance-based Number of Restricted Share Units Weighted Average Grant Date Fair Value Number of Restricted Share Units Weighted Average Grant Date Fair Value Unvested at April 2, 2016 1,071,058 $ 47.13 579,774 $ 61.84 Granted 641,988 $ 49.87 98,237 $ 49.88 Achievement of performance condition — $ — 80,093 $ 62.24 Vested (177,705 ) $ 47.34 (240,278 ) $ 62.24 Canceled/forfeited (49,182 ) $ 45.42 (23,427 ) $ 74.28 Unvested at July 2, 2016 1,486,159 $ 48.35 494,399 $ 58.75 Share-Based Compensation Expense The following table summarizes compensation expense attributable to share-based compensation for the three months ended July 2, 2016 and June 27, 2015 (in millions): Three Months Ended July 2, June 27, Share-based compensation expense $ 9.8 $ 12.5 Tax benefits related to share-based compensation expense $ 3.7 $ 4.4 Forfeitures are estimated at the time of grant and revised, if necessary, in subsequent periods if actual forfeitures differ from those estimates. The Company estimates forfeitures based on its historical forfeiture rate to date. The estimated value of future forfeitures for equity grants as of July 2, 2016 is approximately $4.0 million .

Income Taxes

Income Taxes	3 Months Ended
	Jul. 02, 2016
Income Tax Disclosure [Abstract]
Taxes	Taxes On October 29, 2014, the Company’s Board of Directors approved a proposal to move the Company’s principal executive office from Hong Kong to the United Kingdom ("U.K.") and to become a U.K. tax resident. The Company remains incorporated in the British Virgin Islands. Due to substantial international growth and expansion over the past several years and the Company being a U.K. tax resident for both of the fiscal periods presented, the Company believes that it is most appropriate to reconcile its effective tax rate to the UK Statutory tax rate. The following table summarizes the significant differences between the U.K. federal statutory tax rate and the Company's effective tax rate for financial statement purposes. Three Months Ended July 2, June 27, U.K. statutory tax rate 20.0 % 21.0 % Effect of operations in non-U.K. jurisdictions 7.3 % 7.4 % Global financing activities (9.3 )% (2.1 )% State and local income taxes, net of federal benefit 1.2 % 2.3 % Other 2.0 % 0.8 % Effective tax rate 21.2 % 29.4 %

Segment Information

Segment Information	3 Months Ended
	Jul. 02, 2016
Segment Reporting [Abstract]
Segment Information	Segment Information The Company operates its business through three operating segments—Retail, Wholesale and Licensing—which are based on its business activities and organization. The operating segments are segments of the Company for which separate financial information is available and for which operating results are evaluated regularly by the Company's chief operating decision maker in deciding how to allocate resources, as well as in assessing performance. The primary key performance indicators are net sales or revenue (in the case of Licensing) and operating income for each segment. The Company’s reportable segments represent channels of distribution that offer similar merchandise, customer experience and sales/marketing strategies. The Company’s Retail segment includes sales through the Company owned stores, including “Collection,” “Lifestyle” including “concessions,” and outlet stores located throughout the Americas (U.S., Canada and Latin America), Europe, and Asia, as well as the Company’s e-commerce sales. Products sold through the Retail segment include women’s apparel, accessories (which include handbags and small leather goods such as wallets), men's apparel, footwear and licensed products, such as watches, jewelry, fragrances and beauty, and eyewear. The Wholesale segment includes sales primarily to major department stores and specialty shops throughout the Americas, Europe and Asia. Products sold through the Wholesale segment include accessories (which include handbags and small leather goods such as wallets), footwear and women’s and men’s apparel. We also have wholesale arrangements pursuant to which we sell products to certain of our licensees, including our licensees in Asia (which were previously reported within our Americas wholesale operations). The Licensing segment includes royalties earned on licensed products and use of the Company’s trademarks, and rights granted to third parties for the right to sell the Company’s products in certain geographic regions such as the Middle East, Eastern Europe, certain parts of Asia and Australia. All intercompany revenues are eliminated in consolidation and are not reviewed when evaluating segment performance. Corporate overhead expenses are allocated to the segments based upon specific usage or other allocation methods. The Company has allocated $26.1 million , $94.2 million and $1.9 million of its recorded $122.2 million goodwill as of July 2, 2016 to its Wholesale, Retail and Licensing segments, respectively. Please refer to Note 3 and Note 6 for goodwill recorded upon the Company's acquisition of MKHKL on May 31, 2016. As of April 2, 2016 , the Company's goodwill balance of $23.2 million was allocated $13.3 million , $8.0 million and $1.9 million to the Company's Wholesale, Retail and Licensing segments, respectively. The Company does not have identifiable assets separated by segment. The following table presents the key performance information of the Company’s reportable segments (in millions): Three Months Ended July 2, June 27, Revenue: Net sales: Retail $ 562.9 $ 523.3 Wholesale 394.4 424.0 Licensing 30.6 38.7 Total revenue $ 987.9 $ 986.0 Income from operations: Retail $ 66.6 $ 120.9 Wholesale 105.0 106.3 Licensing 15.3 21.4 Income from operations $ 186.9 $ 248.6 Depreciation and amortization expense for each segment are as follows (in millions): Three Months Ended July 2, June 27, Depreciation and amortization: Retail $ 34.0 $ 25.1 Wholesale 15.9 16.1 Licensing 0.5 0.4 Total depreciation and amortization $ 50.4 $ 41.6 Total revenue (as recognized based on country of origin), and long-lived assets by geographic location of the consolidated Company are as follows (in millions): Three Months Ended July 2, June 27, Revenue: The Americas (U.S., Canada and L. America) (1) $ 690.8 $ 727.3 Europe 224.0 216.8 Asia 73.1 41.9 Total revenue $ 987.9 $ 986.0 As of July 2, April 2, Long-lived assets: The Americas (U.S., Canada and Latin America) (1) $ 498.0 $ 507.7 Europe 284.1 284.2 Asia 480.9 33.7 Total Long-lived assets $ 1,263.0 $ 825.6 (1) Net revenues earned in the U.S. were $641.4 million and $684.8 million during the three months ended July 2, 2016 and June 27, 2015 . Long-lived assets located in the U.S. as of July 2, 2016 and April 2, 2016 were $462.8 million and $472.2 million , respectively.

Related Party Transactions

Related Party Transactions	3 Months Ended
	Jul. 02, 2016
Related Party Transactions [Abstract]
Related Party Transactions	Related Party Transactions The Company’s Chief Creative Officer, Michael Kors, and the Company’s Chief Executive Officer, John Idol, and certain of the Company’s former shareholders, including Sportswear Holdings Limited, jointly owned Michael Kors Far East Holdings Limited, a BVI company, prior to the Company's acquisition of Michael Kors (HK) Limited and Subsidiaries on May 31, 2016, which eliminated their ownership interests. On April 1, 2011, the Company entered into certain licensing agreements with certain subsidiaries of Michael Kors Far East Holdings Limited, including Michael Kors (HK) Limited, (the “Licensees”), which provided the Licensees with certain exclusive rights for use of the Company’s trademarks within China, Hong Kong, Macau and Taiwan, and to import, sell, advertise and promote certain of the Company’s products in these regions, as well as to own and operate stores which bore the Company’s tradenames. The agreements between the Company and the Licensees were scheduled to expire on March 31, 2041 , and could be terminated by the Company at certain intervals if certain minimum sales benchmarks were not met. Royalties earned under these agreements were approximately $1.2 million during the two months ended May 31, 2016 preceding the acquisition, and approximately $1.7 million during the three months ended June 27, 2015 . These royalties were driven by Licensee sales (of the Company’s goods) to their customers of approximately $28.9 million during the two months ended May 31, 2016 preceding the acquisition and approximately $38.3 million during the three months ended June 27, 2015 . In addition, the Company sold certain inventory items to the Licensees through its wholesale segment at terms consistent with those of similar licensees in the region. During the two-month period ended May 31, 2016 preceding the acquisition, amounts recognized as net sales in the Company’s consolidated statements of operations and comprehensive income related to these sales were approximately $7.9 million , and were approximately $16.0 million during the three months ended June 27, 2015 . As of April 2, 2016 , the Company’s total accounts receivable from this related party were $16.1 million . Please refer to Note 3 for information relating to the Company's acquisition of Michael Kors (HK) Limited on May 31, 2016. The Company’s balance sheet as of April 2, 2016 reflects a $1.0 million long-term loan between EBISA, the Company’s partner in the MK Panama joint venture, and Rosales Development Corp. There is a family relationship between EBISA and Rosales Development Corp. The loan was initiated on November 25, 2014 with an annual rate of interest of 5.0% and was fully repaid during the three months ended July 2, 2016 . Beginning in the third quarter of Fiscal 2016, an executive officer of our Company shares a household with an employee of one of our suppliers of fixtures for our shop-in-shops, retail stores and showrooms, and therefore, such employee may be deemed to be an immediate family member of the executive officer for purposes of federal securities laws. During the three months ended July 2, 2016 and June 27, 2015 , purchases from this supplier reflected in the Company's consolidated financial statements were $ 0.3 million and $ 0.4 million , respectively. Accounts payable to this supplier were immaterial as of July 2, 2016 and April 2, 2016 .

Summary of Significant Accoun24

Summary of Significant Accounting Policies (Policies)	3 Months Ended
	Jul. 02, 2016
Accounting Policies [Abstract]
Consolidation	The interim consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States (“U.S. GAAP”) and include the accounts of the Company and its wholly-owned subsidiaries. All significant intercompany balances and transactions have been eliminated in consolidation. The consolidated financial statements as of July 2, 2016 , and for the three months ended July 2, 2016 and June 27, 2015 , are unaudited. In addition, certain information and footnote disclosures normally included in financial statements prepared in accordance with U.S. GAAP have been condensed or omitted. The interim financial statements reflect all normal and recurring adjustments, which are, in the opinion of management, necessary for a fair presentation in conformity with U.S. GAAP. The interim financial statements should be read in conjunction with the audited financial statements and notes thereto for the year ended April 2, 2016 , as filed with the Securities and Exchange Commission on June 1, 2016, in the Company’s Annual Report on Form 10-K. The results of operations for the interim periods should not be considered indicative of results to be expected for the full fiscal year.
Fiscal Period	The Company utilizes a 52 to 53 week fiscal year ending on the Saturday closest to March 31. As such, the term “Fiscal Year” or “Fiscal” refers to the 52-week or 53-week period, ending on that day. The results for the three months ended July 2, 2016 and June 27, 2015 , are based on 13-week periods.
Use of Estimates	The preparation of financial statements in accordance with U.S. GAAP requires management to use judgment and make estimates that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. The level of uncertainty in estimates and assumptions increases with the length of time until the underlying transactions are completed. The most significant assumptions and estimates involved in preparing the financial statements include allowances for customer deductions, sales returns, sales discounts and doubtful accounts, estimates of inventory recovery, the valuation of share-based compensation, valuation of deferred taxes and the estimated useful lives used for amortization and depreciation of intangible assets and property and equipment. Actual results could differ from those estimates.
Seasonality	The Company experiences certain effects of seasonality with respect to its wholesale and retail segments. The Company’s wholesale segment generally experiences its greatest sales in our third and fourth fiscal quarters while its first fiscal quarter experiences the lowest sales. The Company’s retail segment generally experiences greater sales during our third fiscal quarter as a result of Holiday season sales. In the aggregate, the Company’s first fiscal quarter typically experiences significantly less sales volume relative to the other three quarters and its third fiscal quarter generally has higher sales volume relative to the other three quarters.
Derivative Financial Instruments	The Company uses forward foreign currency exchange contracts to manage its exposure to fluctuations in foreign currency for certain transactions. The Company in its normal course of business enters into transactions with foreign suppliers and seeks to minimize risks related to these transactions. The Company employs these forward foreign currency exchange contracts to hedge the Company’s cash flows, as they relate to foreign currency transactions. Certain of these contracts are designated as hedges for accounting purposes, while others remain undesignated. All of the Company’s derivative instruments are recorded in the Company’s consolidated balance sheets at fair value on a gross basis, regardless of their hedge designation. The Company designates certain contracts related to the purchase of inventory that qualify for hedge accounting as cash flow hedges. Formal hedge documentation is prepared for all derivative instruments designated as hedges, including description of the hedged item and the hedging instrument, the risk being hedged, and the manner in which hedge effectiveness will be assessed prospectively and retrospectively. The effective portion of changes in the fair value for contracts designated as cash flow hedges is recorded in equity as a component of accumulated other comprehensive income (loss) until the hedged item effects earnings. When the inventory related to forecasted inventory purchases that are being hedged is sold to a third party, the gains or losses deferred in accumulated other comprehensive income (loss) are recognized within cost of goods sold. The Company uses regression analysis to assess effectiveness of derivative instruments that are designated as hedges, which compares the change in the fair value of the derivative instrument to the change in the related hedged item. Effectiveness is assessed on a quarterly basis and any portion of the designated hedge contracts deemed ineffective is recorded to foreign currency gain (loss). If the hedge is no longer expected to be highly effective in the future, future changes in the fair value are recognized in earnings. For those contracts that are not designated as hedges, changes in the fair value are recorded to foreign currency gain (loss) in the Company’s consolidated statements of operations. The Company classifies cash flows relating to its derivative instruments consistently with the classification of the hedged item, within cash from operating activities. The Company is exposed to the risk that counterparties to derivative contracts will fail to meet their contractual obligations. In order to mitigate counterparty credit risk, the Company only enters into contracts with carefully selected financial institutions based upon their credit ratings and certain other financial factors, adhering to established limits for credit exposure. The aforementioned forward contracts generally have a term of no more than 12 months . The period of these contracts is directly related to the foreign transaction they are intended to hedge.
Net Income per Share	The Company’s basic net income per ordinary share is calculated by dividing net income by the weighted average number of ordinary shares outstanding during the period. Diluted net income per ordinary share reflects the potential dilution that would occur if share option grants or any other potentially dilutive instruments, including restricted shares and units (“RSUs”), were exercised or converted into ordinary shares. These potentially dilutive securities are included in diluted shares to the extent they are dilutive under the treasury stock method for the applicable periods. Performance-based RSUs are included in diluted shares if the related performance conditions are considered satisfied as of the end of the reporting period and to the extent they are dilutive under the treasury stock method.
Recent Accounting Pronouncements	Recently Adopted Accounting Pronouncements In September 2015, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("ASU") No. 2015-16, " Business Combinations (Topic 805): Simplifying the Accounting for Measurement-Period Adjustments ," which simplifies the accounting for adjustments made to provisional amounts recognized in a business combination by eliminating the requirement to retrospectively account for those adjustments and requiring such adjustments to be recognized in the reporting period in which they are determined. ASU 2015-16 requires disclosures of any amounts that would have been recorded in previous reporting periods if the adjustment was recognized as of the acquisition date. ASU 2015-16 is effective beginning with the Company's fiscal year 2017, with earlier application permitted, and should be applied prospectively. The adoption of ASU 2015-16 did not have a material impact on the Company's consolidated financial statements. In June 2014, the FASB issued ASU No. 2014-12, “ Accounting for Share-Based Payments When the Terms of an Award Provide That a Performance Target Could Be Achieved after the Requisite Service Period. ” ASU 2014-12 requires that a performance target under stock-based compensation arrangements that could be achieved after the service period is treated as a performance condition and not reflected in the grant-date fair value of the award. Rather, the related compensation cost should be recognized when it becomes probable that the performance targets will be achieved. ASU 2014-12 is effective beginning with the Company’s fiscal year 2017, with early adoption and retrospective application permitted. The adoption of ASU 2014-12 did not have a material impact on the Company's consolidated financial statements. Recently Issued Accounting Pronouncements We have considered all new accounting pronouncements, and other than the recent pronouncements discussed below, and have concluded that there are no new pronouncements that have a material impact on our results of operations, financial condition or cash flows based on current information. Revenue Recognition In May 2014, the FASB issued ASU No. 2014-09, “ Revenue from Contracts with Customers ,” which provides new guidance for revenues recognized from contracts with customers, and will replace the existing revenue recognition guidance. ASU No. 2014-09 requires that revenue is recognized at an amount the company is entitled to upon transferring control of goods or services to customers, as opposed to when risks and rewards transfer to a customer. In July 2015, the FASB issued ASU No. 2015-14, " Revenue from Contracts with Customers (Topic 606): Deferral of the Effective Date, " which deferred the effective date of ASU No. 2014-09 by one year, making it effective for the interim reporting periods within the annual reporting period beginning after December 15, 2017, or beginning with the Company’s fiscal year 2019. This standard may be applied retrospectively to all prior periods presented, or retrospectively with a cumulative adjustment to retained earnings in the year of adoption. The Company is currently evaluating the adoption method and the impact that ASU 2014-09 will have on its consolidated financial statements and related disclosures. The FASB has issued several additional ASUs to provide implementation guidance on ASU No. 2015-09, including ASU No. 2016-08, " Revenue from Contracts with Customers (Topic 606): Principal versus Agent Considerations (Reporting Revenue Gross versus Net)" issued in March 2016 and ASU No. 2016-10, " Revenue from Contracts with Customers (Topic 606): Identifying Performance Obligations and Licensing" issued in April 2016 and ASU No. 2016-12, " Revenue from Contracts with Customers (Topic 606): Narrow-Scope Improvements and Practical Expedients " issued in May 2016. The Company will consider this guidance in evaluating the impact of ASU 2014-09. Lease Accounting In February 2016, the FASB issued ASU No. 2016-02, " Leases (Topic 842)," which requires lessees to recognize a lease liability and a right-to-use asset on the balance sheet for all leases, except certain short-term leases. ASU 2016-02 is effective beginning with the Company's fiscal year 2020, with early adoption permitted, and must be implemented using a modified restrospective approach for all leases existing at, or entered into after the beginning of the earliest comparative period that is presented in the financial statements. The Company is currently evaluating the impact of ASU 2016-02 on its consolidated financial statements but expects that the adoption of this standard will result in a significant increase in assets and liabilities on its consolidated balance sheets. Share-Based Compensation In March 2016, the FASB issued ASU No. 2016-09, " Improvements to Employee Share-Based Payment Accounting ," which simplifies accounting and presentation of share-based payments, primarily relating to the recognition and classification of excess tax benefits, accounting for forfeitures and tax withholding requirements. ASU 2016-09 is effective beginning with the Company's fiscal year 2018, with early adoption permitted and different permitted adoption methods for each provision of the standard. The Company is currently evaluating the impact of ASU 2016-09 on its consolidated financial statements. Inventory Valuation In July 2015, the FASB issued ASU No. 2015-11, "Inventory (Topic 330): Simplifying the Measurement of Inventory." The new guidance requires inventory accounted for using the average cost or first-in first-out method ("FIFO") to be measured at the lower of cost or net realizable value, replacing the current requirement to value inventory at the lower of cost or market. Net realizable value is defined as the estimated selling price in the ordinary course of business, less reasonably predictable costs of completion, disposal and transportation. ASU 2015-11 is effective beginning with the Company's fiscal year 2018 and should be applied prospectively, with earlier application permitted. The Company does not expect that ASU No. 2015-11 will have a material impact on its financial statements.
Receivables, net	Receivables are presented net of allowances for sales returns, discounts, markdowns, operational chargebacks and doubtful accounts. Sales returns are determined based on an evaluation of current market conditions and historical returns experience. Discounts are based on open invoices where trade discounts have been extended to customers. Markdowns are based on wholesale customers' sales performance, seasonal negotiations with customers, historical deduction trends and an evaluation of current market conditions. Operational chargebacks are based on deductions taken by customers, net of expected recoveries. Such provisions, and related recoveries, are reflected in net sales. The Company has assumed responsibility for all of the previously factored accounts receivable balances, but a large percentage of its trade receivables as of July 2, 2016 and April 2, 2016 are insured. The Company's allowance for doubtful accounts is determined through analysis of periodic aging of receivables that are not covered by insurance and assessments of collectability based on an evaluation of historic and anticipated trends, the financial conditions of the Company’s customers and the impact of general economic conditions. The past due status of a receivable is based on its contractual terms. Amounts deemed uncollectible are written off against the allowance when it is probable the amounts will not be recovered.

Summary of Significant Accoun25

Summary of Significant Accounting Policies (Tables)	3 Months Ended
	Jul. 02, 2016
Accounting Policies [Abstract]
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 income per ordinary share and diluted net income per ordinary share are as follows (in millions, except share and per share data): Three Months Ended July 2, June 27, Numerator: Net income attributable to MKHL $ 147.1 $ 174.4 Denominator: Basic weighted average shares 174,158,571 196,977,021 Weighted average dilutive share equivalents: Share options, restricted shares/units, and performance restricted share units 2,455,180 3,077,473 Diluted weighted average shares 176,613,751 200,054,494 Basic net income per share $ 0.84 $ 0.89 Diluted net income per share $ 0.83 $ 0.87

Acquisitions (Tables)

Acquisitions (Tables) - Michael Kors (HK) Limited	3 Months Ended
	Jul. 02, 2016
Business Acquisition [Line Items]
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed including Non-Controlling Interest	May 31, 2016 Cash and cash equivalents $ 19.4 Accounts receivable 22.3 Inventory 36.1 Other current assets 3.0 Current assets 80.8 Property and equipment 46.6 Goodwill 99.0 Reacquired rights 400.4 Favorable lease assets 1.8 Customer relationships 0.7 Deferred tax assets 7.8 Other assets 6.6 Total assets acquired $ 643.7 Accounts payable $ 8.9 Short-term debt 5.8 Other current liabilities 27.8 Current liabilities 42.5 Unfavorable lease liabilities 4.8 Deferred tax liabilities 92.3 Other liabilities 4.1 Total liabilities assumed $ 143.7 Fair value of net assets acquired $ 500.0 Fair value of acquisition consideration $ 500.0
Schedule of Pro Forma Information	The following table summarizes the unaudited pro-forma consolidated results of operations for the three months ended July 2, 2016 and June 27, 2015 as if the acquisition had occurred on March 29, 2015, the beginning of Fiscal 2016 (in millions): Three Months Ended July 2, June 27, Pro-forma net sales $ 1,014.3 $ 1,015.4 Pro-forma net income 155.2 173.6 Pro-forma net income per ordinary share attributable to MKHL: Basic $ 0.89 $ 0.88 Diluted $ 0.88 $ 0.87

Receivables, net (Tables)

Receivables, net (Tables)	3 Months Ended
	Jul. 02, 2016
Receivables [Abstract]
Receivables, net	Receivables, net consist of (in millions): July 2, April 2, Trade receivables: Credit risk insured $ 240.5 $ 353.7 Credit risk retained by Company 51.0 61.8 Receivables due from licensees 7.6 9.5 299.1 425.0 Less allowances: (96.3 ) (117.1 ) $ 202.8 $ 307.9

Property and Equipment, net (Ta

Property and Equipment, net (Tables)	3 Months Ended
	Jul. 02, 2016
Property, Plant and Equipment [Abstract]
Schedule of Property and Equipment, Net	Property and equipment, net consist of (in millions): July 2, April 2, Leasehold improvements $ 469.3 $ 414.6 In-store shops 246.3 242.9 Furniture and fixtures 225.2 212.7 Computer equipment and software 179.4 167.9 Equipment 87.7 79.1 Land 14.6 15.1 1,222.5 1,132.3 Less: accumulated depreciation and amortization (535.6 ) (490.9 ) 686.9 641.4 Construction-in-progress 111.8 116.8 $ 798.7 $ 758.2

Intangible Assets and Goodwill

Intangible Assets and Goodwill (Tables)	3 Months Ended
	Jul. 02, 2016
Goodwill and Intangible Assets Disclosure [Abstract]
Carrying Values of Intangible Assets	The following table details the carrying values of the Company's intangible assets that are subject to amortization (in millions): July 2, 2016 April 2, 2016 Gross Carrying Amount Accumulated Amortization Net Gross Carrying Amount Accumulated Amortization Net Reacquired rights $ 400.4 $ 1.4 $ 399.0 $ — $ — $ — Lease rights 72.4 19.2 53.2 73.3 17.8 55.5 Trademarks 23.0 15.4 7.6 23.0 15.1 7.9 Customer relationships 4.9 0.4 4.5 4.2 0.2 4.0 $ 500.7 $ 36.4 $ 464.3 $ 100.5 $ 33.1 $ 67.4
Estimated Amortization Expense	Estimated amortization expense for each of the next five years is as follows (in millions): Remainder of Fiscal 2017 $ 18.5 Fiscal 2018 24.7 Fiscal 2019 24.6 Fiscal 2020 24.6 Fiscal 2021 24.4 Thereafter 347.5 $ 464.3
Schedule of Goodwill	The following table details the changes in goodwill for each of the Company's reportable segments (in millions): Retail Wholesale Licensing Total Balance at April 2, 2016 $ 8.0 $ 13.3 $ 1.9 $ 23.2 Acquisition of MKHKL 86.2 12.8 — 99.0 Balance at July 2, 2016 $ 94.2 $ 26.1 $ 1.9 $ 122.2

Other Current Liabilities (Tabl

Other Current Liabilities (Tables)	3 Months Ended
	Jul. 02, 2016
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Schedule of Accrued Expenses and Other Current Liabilities	Accrued expenses and other current liabilities consist of the following (in millions): July 2, April 2, Accrued capital expenditures $ 27.6 $ 33.6 Other taxes payable 46.9 38.2 Accrued rent 32.0 30.5 Advance royalties 21.5 30.2 Gift cards and retail store credits 12.6 13.1 Professional services 14.1 7.0 Unrealized loss on forward foreign currency exchange contracts 1.6 5.5 Accrued advertising 4.8 5.2 Accrued litigation 2.6 1.8 Other 34.1 27.7 $ 197.8 $ 192.8

Fair Value of Financial Instr31

Fair Value of Financial Instruments (Tables)	3 Months Ended
	Jul. 02, 2016
Fair Value Disclosures [Abstract]
Schedule of Contracts Measured and Recorded at Fair Value on Recurring and Categorized in Level 2 of Fair Value Hierarchy	All contracts are measured and recorded at fair value on a recurring basis and are categorized in Level 2 of the fair value hierarchy, as shown in the following table (in millions): Fair value at July 2, 2016 using: Fair value at April 2, 2016 using: Quoted prices in active markets for identical assets (Level 1) Significant other observable inputs (Level 2) Significant unobservable inputs (Level 3) Quoted prices in active markets for identical assets (Level 1) Significant other observable inputs (Level 2) Significant unobservable inputs (Level 3) Forward foreign currency exchange contracts - Euro $ — $ (0.2 ) $ — $ — $ (5.5 ) $ — Forward foreign currency exchange contracts - U.S. Dollar — — — — 0.1 — Total $ — $ (0.2 ) $ — $ — $ (5.4 ) $ —

Derivative Financial Instrume32

Derivative Financial Instruments (Tables)	3 Months Ended
	Jul. 02, 2016
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Schedule of Fair Value of Derivative Contracts Recorded on Gross Basis in Consolidated Balance Sheets	The following table details the fair value of the Company’s derivative contracts, which are recorded on a gross basis in the consolidated balance sheets as of July 2, 2016 and April 2, 2016 (in millions): Fair Values Notional Amounts Current Assets (1) Current Liabilities (2) July 2, April 2, July 2, April 2, July 2, April 2, Designated forward foreign currency exchange contracts $ 183.9 $ 174.1 $ 1.1 $ 0.1 $ 1.6 $ 5.1 Undesignated forward foreign currency exchange contracts 26.8 30.0 0.3 — — 0.4 Total $ 210.7 $ 204.1 $ 1.4 $ 0.1 $ 1.6 $ 5.5 (1) Recorded within prepaid expenses and other current assets in the Company’s consolidated balance sheets. (2) Recorded within accrued expenses and other current liabilities in the Company’s consolidated balance sheets.
Summary of Impact of Effective Portion of Gains and Losses of Forward Contracts Designated as Hedges	The following tables summarize the impact of the effective portion of gains and losses of the forward contracts designated as hedges for the three months ended July 2, 2016 and June 27, 2015 (in millions): Three Months Ended July 2, 2016 June 27, 2015 Pre-Tax Gain Recognized in OCI (Effective Portion) Pre-Tax Gain Reclassified from Accumulated OCI into Earnings (Effective Portion) Pre-Tax Loss Recognized in OCI (Effective Portion) Pre-Tax Loss Reclassified from Accumulated OCI into Earnings (Effective Portion) Forward foreign currency exchange contracts $ 3.3 $ (0.1 ) $ (11.7 ) $ —

Accumulated Other Comprehensi33

Accumulated Other Comprehensive Income (Tables)	3 Months Ended
	Jul. 02, 2016
Equity [Abstract]
Changes in Components of Accumulated Other Comprehensive Income, Net of Taxes	The following table details changes in the components of accumulated other comprehensive income, net of taxes for the three months ended July 2, 2016 and June 27, 2015 , respectively (in millions): Foreign Currency Translation (Losses) Gains Net Gains (Losses) on Derivatives (1) Total Accumulated Other Comprehensive (Loss) Income Balance at March 28, 2015 $ (96.1 ) $ 29.3 $ (66.8 ) Other comprehensive (loss) income before reclassifications 9.8 (10.6 ) (0.8 ) Less: net gains reclassified from AOCI to earnings — — — Other comprehensive (loss) income, net of tax 9.8 (10.6 ) (0.8 ) Balance at June 27, 2015 $ (86.3 ) $ 18.7 $ (67.6 ) Balance at April 2, 2016 $ (77.6 ) $ (3.2 ) $ (80.8 ) Other comprehensive loss before reclassifications (0.4 ) 3.0 2.6 Less: net gains reclassified from AOCI to earnings — (0.1 ) (0.1 ) Other comprehensive (loss) income, net of tax (0.4 ) 3.1 2.7 Balance at July 2, 2016 $ (78.0 ) $ (0.1 ) $ (78.1 ) Less: other comprehensive income attributable to noncontrolling interest 0.2 — 0.2 Other comprehensive (loss) income attributable to MKHL $ (78.2 ) $ (0.1 ) $ (78.3 ) _________________________ (1) Reclassified amounts relate to the Company’s forward foreign currency exchange contracts for inventory purchases and are recorded within cost of goods sold in the Company’s consolidated statements of operations. Other comprehensive income (loss) before reclassifications related to derivative financial instruments for the three months ended June 27, 2015 is net of tax benefits $ 1.0 million . All other tax effects were not material for the periods presented.

Share-Based Compensation (Table

Share-Based Compensation (Tables)	3 Months Ended
	Jul. 02, 2016
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Summary of Share Option Activity	The following table summarizes the share option activity during the three months ended July 2, 2016 : Number of Options Weighted Average Exercise Price Outstanding at April 2, 2016 5,820,413 $ 28.41 Granted 177,666 $ 49.88 Exercised (291,626 ) $ 10.62 Canceled/forfeited (93,737 ) $ 72.32 Outstanding at July 2, 2016 5,612,716 $ 29.28
Assumptions Used to Estimate Fair Value of Options	The following table represents assumptions used to estimate the fair value of options: Three Months Ended July 2 June 27 Expected dividend yield 0.0 % 0.0 % Volatility factor 30.1 % 31.1 % Weighted average risk-free interest rate 1.1 % 1.6 % Expected life of option 4.75 years 4.75 years
Summary of Restricted Share and Restricted Share Unit Activity	The following table summarizes restricted share activity during the three months ended July 2, 2016 : Restricted Shares Number of Unvested Restricted Shares Weighted Average Grant Date Fair Value Unvested at April 2, 2016 390,229 $ 82.38 Granted — $ — Vested (122,570 ) $ 80.64 Canceled/forfeited (33,561 ) $ 83.06 Unvested at July 2, 2016 234,098 $ 83.20 The following table summarizes the RSU activity during the three months ended July 2, 2016 : Service-based Performance-based Number of Restricted Share Units Weighted Average Grant Date Fair Value Number of Restricted Share Units Weighted Average Grant Date Fair Value Unvested at April 2, 2016 1,071,058 $ 47.13 579,774 $ 61.84 Granted 641,988 $ 49.87 98,237 $ 49.88 Achievement of performance condition — $ — 80,093 $ 62.24 Vested (177,705 ) $ 47.34 (240,278 ) $ 62.24 Canceled/forfeited (49,182 ) $ 45.42 (23,427 ) $ 74.28 Unvested at July 2, 2016 1,486,159 $ 48.35 494,399 $ 58.75
Summary of Compensation Expense Attributable to Share-Based Compensation	The following table summarizes compensation expense attributable to share-based compensation for the three months ended July 2, 2016 and June 27, 2015 (in millions): Three Months Ended July 2, June 27, Share-based compensation expense $ 9.8 $ 12.5 Tax benefits related to share-based compensation expense $ 3.7 $ 4.4

Income Taxes Income Taxes (Tabl

Income Taxes Income Taxes (Tables)	3 Months Ended
	Jul. 02, 2016
Income Tax Disclosure [Abstract]
Significant Differences Between United Kingdoms Federal Statutory Tax Rate and Company's Effective Tax Rate	The following table summarizes the significant differences between the U.K. federal statutory tax rate and the Company's effective tax rate for financial statement purposes. Three Months Ended July 2, June 27, U.K. statutory tax rate 20.0 % 21.0 % Effect of operations in non-U.K. jurisdictions 7.3 % 7.4 % Global financing activities (9.3 )% (2.1 )% State and local income taxes, net of federal benefit 1.2 % 2.3 % Other 2.0 % 0.8 % Effective tax rate 21.2 % 29.4 %

Segment Information (Tables)

Segment Information (Tables)	3 Months Ended
	Jul. 02, 2016
Segment Reporting [Abstract]
Key Performance Information of Reportable Segments	The following table presents the key performance information of the Company’s reportable segments (in millions): Three Months Ended July 2, June 27, Revenue: Net sales: Retail $ 562.9 $ 523.3 Wholesale 394.4 424.0 Licensing 30.6 38.7 Total revenue $ 987.9 $ 986.0 Income from operations: Retail $ 66.6 $ 120.9 Wholesale 105.0 106.3 Licensing 15.3 21.4 Income from operations $ 186.9 $ 248.6
Depreciation and Amortization Expense for Each Segment	Depreciation and amortization expense for each segment are as follows (in millions): Three Months Ended July 2, June 27, Depreciation and amortization: Retail $ 34.0 $ 25.1 Wholesale 15.9 16.1 Licensing 0.5 0.4 Total depreciation and amortization $ 50.4 $ 41.6
Total Revenue (as Recognized Based on Country of Origin)	(1) Net revenues earned in the U.S. were $641.4 million and $684.8 million during the three months ended July 2, 2016 and June 27, 2015 . Long-lived assets located in the U.S. as of July 2, 2016 and April 2, 2016 were $462.8 million and $472.2 million , respectively. Total revenue (as recognized based on country of origin), and long-lived assets by geographic location of the consolidated Company are as follows (in millions): Three Months Ended July 2, June 27, Revenue: The Americas (U.S., Canada and L. America) (1) $ 690.8 $ 727.3 Europe 224.0 216.8 Asia 73.1 41.9 Total revenue $ 987.9 $ 986.0
Long-Lived Assets by Geographic Location	As of July 2, April 2, Long-lived assets: The Americas (U.S., Canada and Latin America) (1) $ 498.0 $ 507.7 Europe 284.1 284.2 Asia 480.9 33.7 Total Long-lived assets $ 1,263.0 $ 825.6 (1) Net revenues earned in the U.S. were $641.4 million and $684.8 million during the three months ended July 2, 2016 and June 27, 2015 . Long-lived assets located in the U.S. as of July 2, 2016 and April 2, 2016 were $462.8 million and $472.2 million , respectively.

Business and Basis of Present37

Business and Basis of Presentation - Additional Information (Details)	May 31, 2016
Michael Kors (HK) Limited
Business Acquisition [Line Items]
Ownership interest (percentage)	100.00%

Summary of Significant Accoun38

Summary of Significant Accounting Policies - Additional Information (Detail) - shares	3 Months Ended
	Jul. 02, 2016	Jun. 27, 2015
Accounting Policies [Abstract]
Anti-dilutive securities excluded from calculation of basic and diluted net income per ordinary share	2,099,182	1,811,380
Maximum
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Forward contracts term, maximum (no more than)	12 months

Summary of Significant Accoun39

Summary of Significant Accounting Policies - Components of Calculation of Basic Net Income Per Ordinary Share and Diluted Net Income Per Ordinary Share (Detail) - USD ($) $ / shares in Units, $ in Millions	3 Months Ended
	Jul. 02, 2016	Jun. 27, 2015
Numerator:
Net income attributable to MKHL	$ 147.1	$ 174.4
Denominator:
Basic weighted average shares (in shares)	174,158,571	196,977,021
Weighted average dilutive share equivalents:
Share options, restricted shares/units, and performance restricted share units (in shares)	2,455,180	3,077,473
Diluted weighted average shares (in shares)	176,613,751	200,054,494
Basic net income per share (in dollars per share)	$ 0.84	$ 0.89
Diluted net income per share (in dollars per share)	$ 0.83	$ 0.87

Acquisitions - Additional Infor

Acquisitions - Additional Information (Details) - USD ($) $ in Millions	May 31, 2016	Jan. 01, 2016	Jul. 02, 2016	Sep. 26, 2015	Apr. 02, 2016
Business Acquisition [Line Items]
Goodwill			$ 122.2		$ 23.2
Michael Kors (HK) Limited
Business Acquisition [Line Items]
Ownership interest (percentage)	100.00%
Fair value of consideration provided	$ 500
Goodwill	$ 99
Revenue of acquiree since acquisition date			20.6
Loss of acquiree since acquisition date			2.2
Transaction costs			$ 11.3
South Korea Business Acquisition
Business Acquisition [Line Items]
Fair value of consideration provided		$ 3.6
MK Panama Acquisition
Business Acquisition [Line Items]
Ownership interest (percentage)				75.00%
Fair value of consideration provided				$ 3
Capital contributions				18.5
Business combination, liabilities eliminated				$ 15.5
Customer relationships | Michael Kors (HK) Limited
Business Acquisition [Line Items]
Intangible asset, weighted average useful life (in years)	10 years

Acquisitions - Recognized Ident

Acquisitions - Recognized Identified Assets Acquired and Liabilities Assumed including Non-Controlling Interest(Details) - USD ($) $ in Millions	May 31, 2016	Jul. 02, 2016	Apr. 02, 2016
Business Acquisition [Line Items]
Goodwill		$ 122.2	$ 23.2
Michael Kors (HK) Limited
Business Acquisition [Line Items]
Cash and cash equivalents	$ 19.4
Accounts receivable	22.3
Inventory	36.1
Other current assets	3
Current assets	80.8
Property and equipment	46.6
Goodwill	99
Favorable lease assets	1.8
Deferred tax assets	7.8
Other assets	6.6
Total assets acquired	643.7
Accounts payable	8.9
Short-term debt	5.8
Other current liabilities	27.8
Current liabilities	42.5
Unfavorable lease liabilities	4.8
Deferred tax liabilities	92.3
Other liabilities	4.1
Total liabilities assumed	143.7
Fair value of net assets acquired	500
Fair value of consideration provided	500
Reacquired rights | Michael Kors (HK) Limited
Business Acquisition [Line Items]
Intangible assets	400.4
Customer relationships | Michael Kors (HK) Limited
Business Acquisition [Line Items]
Intangible assets	$ 0.7

Acquisitions - Pro Forma Inform

Acquisitions - Pro Forma Information (Details) - Michael Kors (HK) Limited - USD ($) $ / shares in Units, $ in Millions	3 Months Ended
	Jul. 02, 2016	Jun. 27, 2015
Business Acquisition [Line Items]
Pro-forma net sales	$ 1,014.3	$ 1,015.4
Pro-forma net income	$ 155.2	$ 173.6
Pro-forma net income per ordinary share, basic (dollars per share)	$ 0.89	$ 0.88
Pro-forma net income per ordinary share, diluted (dollars per share)	$ 0.88	$ 0.87

Receivables, net (Detail)

Receivables, net (Detail) - USD ($) $ in Millions	Jul. 02, 2016	Apr. 02, 2016
Accounts, Notes, Loans and Financing Receivable [Line Items]
Trade receivables	$ 299.1	$ 425
Receivables due from licensees	7.6	9.5
Less allowances	(96.3)	(117.1)
Receivables, net	202.8	307.9
Credit risk insured
Accounts, Notes, Loans and Financing Receivable [Line Items]
Trade receivables	240.5	353.7
Credit risk retained by Company
Accounts, Notes, Loans and Financing Receivable [Line Items]
Trade receivables	$ 51	$ 61.8

Receivables, net - Additional I

Receivables, net - Additional Information (Detail) - USD ($) $ in Millions	Jul. 02, 2016	Apr. 02, 2016
Receivables [Abstract]
Allowance for doubtful accounts	$ 0.6	$ 0.7

Property and Equipment, net - S

Property and Equipment, net - Schedule of Property and Equipment, Net (Detail) - USD ($) $ in Millions	Jul. 02, 2016	Apr. 02, 2016
Property, Plant and Equipment [Abstract]
Leasehold improvements	$ 469.3	$ 414.6
In-store shops	246.3	242.9
Furniture and fixtures	225.2	212.7
Computer equipment and software	179.4	167.9
Equipment	87.7	79.1
Land	14.6	15.1
Property and equipment, gross	1,222.5	1,132.3
Less: accumulated depreciation and amortization	(535.6)	(490.9)
Property and equipment, net (excluding construction-in-progress)	686.9	641.4
Construction-in-progress	111.8	116.8
Property and equipment, net	$ 798.7	$ 758.2

Property and Equipment, net - A

Property and Equipment, net - Additional Information (Detail) - USD ($) $ in Millions	3 Months Ended
	Jul. 02, 2016	Jun. 27, 2015
Property, Plant and Equipment [Abstract]
Depreciation and amortization of property and equipment	$ 46.9	$ 39.7

Intangible Assets and Goodwil47

Intangible Assets and Goodwill - Carrying Values of Finite-Lived Intangible Assets (Detail) - USD ($) $ in Millions	Jul. 02, 2016	Apr. 02, 2016
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	$ 500.7	$ 100.5
Accumulated Amortization	36.4	33.1
Net	464.3	67.4
Reacquired rights
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	400.4	0
Accumulated Amortization	1.4	0
Net	399	0
Lease rights
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	72.4	73.3
Accumulated Amortization	19.2	17.8
Net	53.2	55.5
Trademarks
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	23	23
Accumulated Amortization	15.4	15.1
Net	7.6	7.9
Customer relationships
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	4.9	4.2
Accumulated Amortization	0.4	0.2
Net	$ 4.5	$ 4

Intangible Assets and Goodwil48

Intangible Assets and Goodwill - Additional Information (Detail) - USD ($)	3 Months Ended
	Jul. 02, 2016	Jun. 27, 2015
Intangible Assets And Goodwill [Line Items]
Amortization expense	$ 3,500,000	$ 1,900,000
Goodwill impairment charges	$ 0	$ 0
Trademarks
Intangible Assets And Goodwill [Line Items]
Intangible asset, useful life (years)	20 years
Minimum | Customer relationships
Intangible Assets And Goodwill [Line Items]
Intangible asset, useful life (years)	5 years
Maximum | Customer relationships
Intangible Assets And Goodwill [Line Items]
Intangible asset, useful life (years)	10 years

Intangible Assets and Goodwill-

Intangible Assets and Goodwill- Estimated Amortization Expense (Detail) - USD ($) $ in Millions	Jul. 02, 2016	Apr. 02, 2016
Goodwill and Intangible Assets Disclosure [Abstract]
Remainder of Fiscal 2017	$ 18.5
Fiscal 2,018	24.7
Fiscal 2,019	24.6
Fiscal 2,020	24.6
Fiscal 2,021	24.4
Thereafter	347.5
Net	$ 464.3	$ 67.4

Intangible Assets and Goodwil50

Intangible Assets and Goodwill - Goodwill Activity (Details) $ in Millions	3 Months Ended
	Jul. 02, 2016USD ($)
Goodwill [Roll Forward]
Beginning balance	$ 23.2
Acquisition of MKHKL	99
Ending balance	122.2
Retail
Goodwill [Roll Forward]
Beginning balance	8
Acquisition of MKHKL	86.2
Ending balance	94.2
Wholesale
Goodwill [Roll Forward]
Beginning balance	13.3
Acquisition of MKHKL	12.8
Ending balance	26.1
Licensing
Goodwill [Roll Forward]
Beginning balance	1.9
Acquisition of MKHKL	0
Ending balance	$ 1.9

Other Current Liabilities - Sch

Other Current Liabilities - Schedule of Accrued Expenses and Other Current Liabilities (Detail) - USD ($) $ in Millions	Jul. 02, 2016	Apr. 02, 2016
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Accrued capital expenditures	$ 27.6	$ 33.6
Other taxes payable	46.9	38.2
Accrued rent	32	30.5
Advance royalties	21.5	30.2
Gift cards and retail store credits	12.6	13.1
Professional services	14.1	7
Unrealized loss on forward foreign currency exchange contracts	1.6	5.5
Accrued advertising	4.8	5.2
Accrued litigation	2.6	1.8
Other	34.1	27.7
Accrued expenses and other current liabilities	$ 197.8	$ 192.8

Debt Obligations - Additional I

Debt Obligations - Additional Information (Detail) € in Millions	Oct. 29, 2015USD ($)	Jul. 02, 2016EUR (€)	Jul. 02, 2016USD ($)	Jul. 02, 2016HKD	Apr. 02, 2016USD ($)
Line of Credit Facility [Line Items]
Long-term debt			$ 0		$ 2,300,000
MK Panama
Line of Credit Facility [Line Items]
Long-term debt					2,300,000
Stand-by Letters of Credit | 2015 Credit Facility
Line of Credit Facility [Line Items]
Letter of credit outstanding			10,300,000
Line of Credit | Senior Unsecured Revolving Credit Facility | 2015 Credit Facility
Line of Credit Facility [Line Items]
Initiation date	Oct. 29, 2015
Maximum borrowing capacity (up to)	$ 1,000,000,000
Maximum increase in borrowing capacity	$ 500,000,000
Expiration date	Oct. 29, 2020
Adjusted leverage ratio (no greater than)	3.5
Rent multiplier for leverage ratio	6
Borrowings outstanding		€ 218	242,800,000		$ 0
Amount available for future borrowings			743,400,000
Line of Credit | Letter of Credit | 2015 Credit Facility
Line of Credit Facility [Line Items]
Maximum borrowing capacity (up to)	$ 75,000,000
Line of Credit | Bridge Loan | 2015 Credit Facility
Line of Credit Facility [Line Items]
Maximum borrowing capacity (up to)	$ 50,000,000
FRBNY | Senior Unsecured Revolving Credit Facility | 2015 Credit Facility
Line of Credit Facility [Line Items]
Interest rate margin	0.50%
Adjusted LIBOR | Senior Unsecured Revolving Credit Facility | 2015 Credit Facility
Line of Credit Facility [Line Items]
Interest rate margin	1.00%
One-month CDOR | Senior Unsecured Revolving Credit Facility | 2015 Credit Facility
Line of Credit Facility [Line Items]
Interest rate margin	1.00%
Line of Credit | Senior Unsecured Revolving Credit Facility | HK Credit Facility
Line of Credit Facility [Line Items]
Maximum borrowing capacity (up to)			12,900,000	HKD 100,000,000
Borrowings outstanding			5,800,000	45,000,000
Amount available for future borrowings			6,000,000	46,200,000
Minimum commitment, amount | HKD				5,000,000
Line of Credit | Senior Unsecured Revolving Credit Facility | HK Credit Facility, Bank Guarantees
Line of Credit Facility [Line Items]
Maximum borrowing capacity (up to)			1,100,000	8,800,000
Line of Credit | Business Card Facility | HK Credit Facility
Line of Credit Facility [Line Items]
Maximum borrowing capacity (up to)			$ 100,000	HKD 400,000
Line of Credit | HIBOR | Senior Unsecured Revolving Credit Facility | HK Credit Facility
Line of Credit Facility [Line Items]
Interest rate margin		1.50%

Fair Value of Financial Instr53

Fair Value of Financial Instruments - Schedule of Contracts Measured and Recorded at Fair Value on Recurring and Categorized in Level 2 of Fair Value Hierarchy (Detail) - Forward Foreign Currency Exchange Contracts - Fair Value, Measurements, Recurring - USD ($) $ in Millions	Jul. 02, 2016	Apr. 02, 2016
Quoted prices in active markets for identical assets (Level 1)
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Derivative assets (liabilities)	$ 0	$ 0
Quoted prices in active markets for identical assets (Level 1) | Euro
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Derivative assets (liabilities)	0	0
Quoted prices in active markets for identical assets (Level 1) | U.S. Dollar
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Derivative assets (liabilities)	0	0
Significant other observable inputs (Level 2)
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Derivative assets (liabilities)	(0.2)	(5.4)
Significant other observable inputs (Level 2) | Euro
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Derivative assets (liabilities)	(0.2)	(5.5)
Significant other observable inputs (Level 2) | U.S. Dollar
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Derivative assets (liabilities)	0	0.1
Significant unobservable inputs (Level 3)
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Derivative assets (liabilities)	0	0
Significant unobservable inputs (Level 3) | Euro
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Derivative assets (liabilities)	0	0
Significant unobservable inputs (Level 3) | U.S. Dollar
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Derivative assets (liabilities)	$ 0	$ 0

Derivative Financial Instrume54

Derivative Financial Instruments - Additional Information (Detail) - USD ($) $ in Millions	3 Months Ended
	Jul. 02, 2016	Jun. 27, 2015
Foreign Currency Gain (Loss) | Forward Foreign Currency Exchange Contracts | Not Designated as Hedging Instrument
Derivative [Line Items]
Gains (Losses) on undesignated derivative contracts	$ 0.2	$ (1)

Derivative Financial Instrume55

Derivative Financial Instruments - Schedule of Fair Value of Derivative Contracts Recorded on Gross Basis in Consolidated Balance Sheets (Detail) - Forward Foreign Currency Exchange Contracts - USD ($) $ in Millions	Jul. 02, 2016	Apr. 02, 2016
Derivatives, Fair Value [Line Items]
Notional Amounts	$ 210.7	$ 204.1
Designated as Hedging Instrument
Derivatives, Fair Value [Line Items]
Notional Amounts	183.9	174.1
Not Designated as Hedging Instrument
Derivatives, Fair Value [Line Items]
Notional Amounts	26.8	30
Prepaid Expenses and Other Current Assets
Derivatives, Fair Value [Line Items]
Fair value of derivative assets	1.4	0.1
Prepaid Expenses and Other Current Assets | Designated as Hedging Instrument
Derivatives, Fair Value [Line Items]
Fair value of derivative assets	1.1	0.1
Prepaid Expenses and Other Current Assets | Not Designated as Hedging Instrument
Derivatives, Fair Value [Line Items]
Fair value of derivative assets	0.3	0
Accrued Expenses and Other Current Liabilities
Derivatives, Fair Value [Line Items]
Fair value of derivative liabilities	1.6	5.5
Accrued Expenses and Other Current Liabilities | Designated as Hedging Instrument
Derivatives, Fair Value [Line Items]
Fair value of derivative liabilities	1.6	5.1
Accrued Expenses and Other Current Liabilities | Not Designated as Hedging Instrument
Derivatives, Fair Value [Line Items]
Fair value of derivative liabilities	$ 0	$ 0.4

Derivative Financial Instrume56

Derivative Financial Instruments - Summary of Impact of Effective Portion of Gains and Losses of Forward Contracts Designated as Hedges (Detail) - Forward Foreign Currency Exchange Contracts - Designated as Hedging Instrument - USD ($) $ in Millions	3 Months Ended
	Jul. 02, 2016	Jun. 27, 2015
Derivative Instruments, Gain (Loss) [Line Items]
Pre-Tax Gain (Loss) Recognized in OCI (Effective Portion)	$ 3.3	$ (11.7)
Pre-Tax Gain (Loss) Reclassified from Accumulated OCI into Earnings (Effective Portion)	$ 0.1	$ 0

Shareholders' Equity - Addition

Shareholders' Equity - Additional Information (Detail) - USD ($)	3 Months Ended
	Jul. 02, 2016	Jun. 27, 2015	May 25, 2016
Equity, Class of Treasury Stock [Line Items]
Ordinary shares repurchased, value	$ 404,400,000
Share Repurchase Program
Equity, Class of Treasury Stock [Line Items]
Share repurchase program, authorized amount			$ 1,000,000,000
Ordinary shares repurchased, shares	8,025,749	6,960,352
Ordinary shares repurchased, value	$ 400,000,000	$ 350,000,000
Ordinary shares repurchased, remaining availability	$ 600,000,000
Withhold to Cover Repurchase Program
Equity, Class of Treasury Stock [Line Items]
Ordinary shares repurchased, shares	94,151	22,540
Ordinary shares repurchased, value	$ 4,400,000	$ 1,100,000

Accumulated Other Comprehensi58

Accumulated Other Comprehensive Income - Changes in Components of Accumulated Other Comprehensive Income, Net of Taxes (Detail) - USD ($) $ in Millions	3 Months Ended
	Jul. 02, 2016	Jun. 27, 2015
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Beginning balance	$ 1,999.5
Other comprehensive (loss) income, net of tax	2.7
Ending balance	1,757.7
Less: other comprehensive income attributable to noncontrolling interest	0.1	$ 0
Other comprehensive (loss) income attributable to MKHL	(78.3)
Other comprehensive income (loss) before reclassifications related to derivative instruments, tax expense (benefit)		(1)
Foreign Currency Translation (Losses) Gains
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Beginning balance	(77.6)	(96.1)
Other comprehensive (loss) income before reclassifications	(0.4)	9.8
Less: net gains reclassified from AOCI to earnings	0	0
Other comprehensive (loss) income, net of tax	(0.4)	9.8
Ending balance	(78)	(86.3)
Net Gains (Losses) on Derivatives
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Beginning balance	(3.2)	29.3
Other comprehensive (loss) income before reclassifications	3	(10.6)
Less: net gains reclassified from AOCI to earnings	(0.1)	0
Other comprehensive (loss) income, net of tax	3.1	(10.6)
Ending balance	(0.1)	18.7
Total Accumulated Other Comprehensive Income (Loss)
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Beginning balance	(80.8)	(66.8)
Other comprehensive (loss) income before reclassifications	2.6	(0.8)
Less: net gains reclassified from AOCI to earnings	(0.1)	0
Other comprehensive (loss) income, net of tax	2.7	(0.8)
Ending balance	(78.1)	$ (67.6)
Foreign Currency Translation Income (Loss) Attributable to Noncontrolling Interest
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Less: other comprehensive income attributable to noncontrolling interest	0.2
Net Gains (Losses) on Derivatives Attributable to Noncontrolling Interest
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Less: other comprehensive income attributable to noncontrolling interest	0
Total Accumulated Other Comprehensive Income (Loss) Attributable to Noncontrolling Interest
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Less: other comprehensive income attributable to noncontrolling interest	0.2
Foreign Currency Translation Gains (Losses) Attributable to Parent
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Other comprehensive (loss) income attributable to MKHL	(78.2)
Net Gains (Losses) on Derivatives Attributable to Parent
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Other comprehensive (loss) income attributable to MKHL	(0.1)
Total Accumulated Other Comprehensive Income (Loss) Attributable to Parent
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Beginning balance	(80.9)
Other comprehensive (loss) income, net of tax	2.6
Ending balance	(78.3)
Other comprehensive (loss) income attributable to MKHL	$ (78.3)

Share-Based Compensation - Addi

Share-Based Compensation - Additional Information (Detail) $ / shares in Units, $ in Millions	3 Months Ended
	Jul. 02, 2016USD ($)sharestype_of_restricted_share_unitequity_plantrancheoption_planperformance_measure$ / shares	Jun. 27, 2015$ / shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of equity plans | equity_plan	2
Number of share option grant types | option_plan	2
Weighted average grant date fair value of option (in dollars per share) | $ / shares	$ 13.79	$ 14.37
Estimated value of future forfeitures | $	$ 4
2008 Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of equity plans adopted	1
Shares authorized for issuance (up to)	23,980,823
Shares available for grant	0
Option expiration period (years)	10 years
2012 Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares authorized for issuance (up to)	15,246,000
Shares available for grant	8,413,066
Option expiration period (years)	7 years
Performance Options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of performance measures | performance_measure	2
Individual Performance Based Stock Option
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting percentage	20.00%
Performance target achievement term (years)	10 years
Individual performance vesting tranches | tranche	5
Company-wide Performance Vesting
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Performance target achievement term (years)	10 years
Time Based Option Award
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation, vesting period	4 years
Restricted Shares | Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation, vesting period	4 years
Restricted Share Units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of restricted share unit types | type_of_restricted_share_unit	2
Restricted Share Units | Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation, vesting period	1 year
Restricted Share Units | Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation, vesting period	4 years
Performance Shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation, vesting period	3 years
Expense related to grants recognizable period (years)	3 years
Performance Shares | Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting percentage	0.00%
Performance Shares | Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting percentage	150.00%

Share-Based Compensation - Summ

Share-Based Compensation - Summary of Share Option Activity (Detail)	3 Months Ended
	Jul. 02, 2016$ / sharesshares
Number of Options
Outstanding at beginning of period | shares	5,820,413
Granted | shares	177,666
Exercised | shares	(291,626)
Canceled/forfeited | shares	(93,737)
Outstanding at end of period | shares	5,612,716
Weighted Average Exercise Price
Outstanding at beginning of period | $ / shares	$ 28.41
Granted | $ / shares	49.88
Exercised | $ / shares	10.62
Canceled/forfeited | $ / shares	72.32
Outstanding at end of period | $ / shares	$ 29.28

Share-Based Compensation - Assu

Share-Based Compensation - Assumptions Used to Estimate Fair Value of Options (Detail) - Share Option	3 Months Ended
	Jul. 02, 2016	Jun. 27, 2015
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expected dividend yield	0.00%	0.00%
Volatility factor	30.10%	31.10%
Weighted average risk-free interest rate	1.10%	1.60%
Expected life of option	4 years 9 months	4 years 9 months

Share-Based Compensation - Su62

Share-Based Compensation - Summary of Restricted Share and Restricted Share Unit Activity (Detail)	3 Months Ended
	Jul. 02, 2016$ / sharesshares
Restricted Shares
Number of Unvested Restricted Shares
Unvested at beginning of period | shares	390,229
Granted | shares	0
Vested | shares	(122,570)
Canceled/forfeited | shares	(33,561)
Unvested at end of period | shares	234,098
Weighted Average Grant Date Fair Value
Unvested at beginning of period | $ / shares	$ 82.38
Granted | $ / shares	0
Vested | $ / shares	80.64
Canceled/forfeited | $ / shares	83.06
Unvested at end of period | $ / shares	$ 83.20
Restricted Share Units
Number of Unvested Restricted Shares
Unvested at beginning of period | shares	1,071,058
Granted | shares	641,988
Achievement of performance condition | shares	0
Vested | shares	(177,705)
Canceled/forfeited | shares	(49,182)
Unvested at end of period | shares	1,486,159
Weighted Average Grant Date Fair Value
Unvested at beginning of period | $ / shares	$ 47.13
Granted | $ / shares	49.87
Achievement of performance condition | $ / shares	0
Vested | $ / shares	47.34
Canceled/forfeited | $ / shares	45.42
Unvested at end of period | $ / shares	$ 48.35
Performance Shares
Number of Unvested Restricted Shares
Unvested at beginning of period | shares	579,774
Granted | shares	98,237
Achievement of performance condition | shares	80,093
Vested | shares	(240,278)
Canceled/forfeited | shares	(23,427)
Unvested at end of period | shares	494,399
Weighted Average Grant Date Fair Value
Unvested at beginning of period | $ / shares	$ 61.84
Granted | $ / shares	49.88
Achievement of performance condition | $ / shares	62.24
Vested | $ / shares	62.24
Canceled/forfeited | $ / shares	74.28
Unvested at end of period | $ / shares	$ 58.75

Share-Based Compensation - Su63

Share-Based Compensation - Summary of Compensation Expense Attributable to Share-Based Compensation (Details) - USD ($) $ in Millions	3 Months Ended
	Jul. 02, 2016	Jun. 27, 2015
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Share-based compensation expense	$ 9.8	$ 12.5
Tax benefits related to share-based compensation expense	$ 3.7	$ 4.4

Income Taxes (Details)

Income Taxes (Details) - United Kingdom - Foreign Tax Authority	3 Months Ended
	Jul. 02, 2016	Jun. 27, 2015
Operating Loss Carryforwards [Line Items]
U.K. statutory tax rate	20.00%	21.00%
Effect of operations in non-U.K. jurisdictions	7.30%	7.40%
Global financing activities	(9.30%)	(2.10%)
State and local income taxes, net of federal benefit	1.20%	2.30%
Other	2.00%	0.80%
Effective tax rate	21.20%	29.40%

Segment Information - Additiona

Segment Information - Additional Information (Detail) $ in Millions	3 Months Ended
	Jul. 02, 2016USD ($)segment	Apr. 02, 2016USD ($)
Segment Reporting Information [Line Items]
Number of operating segments | segment	3
Goodwill	$ 122.2	$ 23.2
Wholesale
Segment Reporting Information [Line Items]
Goodwill	26.1	13.3
Retail
Segment Reporting Information [Line Items]
Goodwill	94.2	8
Licensing
Segment Reporting Information [Line Items]
Goodwill	$ 1.9	$ 1.9

Segment Information - Key Perfo

Segment Information - Key Performance Information of Reportable Segments (Detail) - USD ($) $ in Millions	3 Months Ended
	Jul. 02, 2016	Jun. 27, 2015
Segment Reporting Information [Line Items]
Net sales	$ 957.3	$ 947.3
Licensing revenue	30.6	38.7
Revenue	987.9	986
Income from operations	186.9	248.6
Retail
Segment Reporting Information [Line Items]
Net sales	562.9	523.3
Income from operations	66.6	120.9
Wholesale
Segment Reporting Information [Line Items]
Net sales	394.4	424
Income from operations	105	106.3
Licensing
Segment Reporting Information [Line Items]
Licensing revenue	30.6	38.7
Income from operations	$ 15.3	$ 21.4

Segment Information - Depreciat

Segment Information - Depreciation and Amortization Expense for Each Segment (Detail) - USD ($) $ in Millions	3 Months Ended
	Jul. 02, 2016	Jun. 27, 2015
Segment Reporting Information [Line Items]
Depreciation and amortization	$ 50.4	$ 41.6
Retail
Segment Reporting Information [Line Items]
Depreciation and amortization	34	25.1
Wholesale
Segment Reporting Information [Line Items]
Depreciation and amortization	15.9	16.1
Licensing
Segment Reporting Information [Line Items]
Depreciation and amortization	$ 0.5	$ 0.4

Segment Information - Total Rev

Segment Information - Total Revenue (as Recognized Based on Country of Origin), and Long-Lived Assets by Geographic Location (Detail) - USD ($) $ in Millions	3 Months Ended
	Jul. 02, 2016	Jun. 27, 2015	Apr. 02, 2016
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenue	$ 987.9	$ 986
Long-lived assets	1,263		$ 825.6
Americas
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenue	690.8	727.3
Long-lived assets	498		507.7
Europe
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenue	224	216.8
Long-lived assets	284.1		284.2
Asia
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenue	73.1	41.9
Long-lived assets	480.9		33.7
U.S.
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenue	641.4	$ 684.8
Long-lived assets	$ 462.8		$ 472.2

Related Party Transactions - Ad

Related Party Transactions - Additional Information (Detail) - USD ($) $ in Millions	Nov. 25, 2014	May 31, 2016	Jul. 02, 2016	Jun. 27, 2015	Apr. 02, 2016
Related Party Transaction [Line Items]
Net sales			$ 957.3	$ 947.3
Michael Kors Far East Holdings Limited
Related Party Transaction [Line Items]
Agreements between the Company and Far East Holdings Limited expiry date			Mar. 31, 2041
Royalties earned		$ 1.2		1.7
Net sales related to inventory items by Licensees		28.9		38.3
Net sales		$ 7.9		16
Accounts receivable from licensee					$ 16.1
Related Party, Long-term Loan | EBISA
Related Party Transaction [Line Items]
Long-term loan due to related parties					$ 1
Loan interest rate (percent)	5.00%
Related Party, Supplier | Household Member of Executive Officer
Related Party Transaction [Line Items]
Purchases from related part			$ 0.3	$ 0.4