FAIR VALUE MEASUREMENTS (Tables)

6 Months Ended

Oct. 02, 2021

Fair Value Disclosures [Abstract]

Classes of Financial Assets and Financial Liabilities Measured and Recorded at Fair Value on Recurring Basis

The following table summarizes financial assets and financial liabilities that are measured and recorded in the consolidated financial statements at fair value on a recurring basis:

	Total Fair Value		Fair Value Measurement Using (a)
(In thousands)			Level 1		Level 2		Level 3
September 2021
Financial assets:
Cash equivalents:
Money market funds	$	224,728	$	224,728	$	—	$	—
Time deposits	2,626		2,626		—		—
Derivative financial instruments	35,828		—		35,828		—
Deferred compensation	132,985		132,985		—		—
Financial liabilities:
Derivative financial instruments	33,723		—		33,723		—
Deferred compensation	140,711		—		140,711		—
Contingent consideration	99,000		—		—		99,000
	Total Fair Value		Fair Value Measurement Using (a)
(In thousands)			Level 1		Level 2		Level 3
March 2021
Financial assets:
Cash equivalents:
Money market funds	$	216,591	$	216,591	$	—	$	—
Time deposits	102,914		102,914		—		—
Short-term investments	598,806		598,806		—		—
Derivative financial instruments	13,257		—		13,257		—
Deferred compensation	141,072		141,072		—		—
Financial liabilities:
Derivative financial instruments	74,255		—		74,255		—
Deferred compensation	150,713		—		150,713		—
Contingent consideration	207,000		—		—		207,000

(a)There were no transfers among the levels within the fair value hierarchy during the six months ended September 2021 or the year ended March 2021.

Schedule of Contingent Consideration Liability Designated as Level 3

The following table presents the changes in fair value of the contingent consideration liability designated as Level 3:

(In thousands)	Three Months Ended September 2021		Six Months Ended September 2021
Beginning Balance	$	134,000	$	207,000
Change in fair value	(35,000)		(108,000)
Ending Balance	$	99,000	$	99,000