Summary of Significant Accounting Policies (Tables)

3 Months Ended

12 Months Ended

Jun. 30, 2012

Mar. 31, 2012

Activity and Balances of Sales Reserves

The following table details the activity and balances of the Company’s sales reserves for the fiscal years ended March 31, 2012, April 2, 2011 and April 3, 2010 (in thousands):

Retail	Balance Beginning of Year		Amounts Charged to Revenue		Write-offs Against Reserves			Balance at Year End
Return Reserves:
Year ended March 31, 2012	$	2,313	$	23,580	$	(24,234	)	$	1,659
Year ended April 2, 2011		1,413		14,323		(13,423	)		2,313
Year ended April 3, 2010		754		7,298		(6,639	)		1,413
Wholesale	Balance Beginning of Year		Amounts Charged to Revenue		Write-offs Against Reserves			Balance at Year End
Total Sales Reserves:
Year ended March 31, 2012	$	25,180	$	114,577	$	(109,376	)	$	30,381
Year ended April 2, 2011		20,215		84,697		(79,732	)		25,180
Year ended April 3, 2010		19,481		68,955		(68,221	)		20,215

Fair Values of Forward Foreign Currency Exchange Contracts

The following table details the fair value of these contracts as of June 30, 2012, and March 31, 2012 (in thousands):

	June 30, 2012			March 31, 2012
Prepaid expenses and other current assets	$	2,460		$	1,318
Accrued expenses and other current liabilities	$	(605	)	$	(276	)

The following table details the fair value of these contracts as of March 31, 2012 and April 2, 2011 (in thousands):

	March 31, 2012			April 2, 2011
Prepaid expenses and other current assets	$	1,318			$	745
Accrued expenses and other current liabilities	$	(276	)		$	(2,293	)

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 thousands except share and per share data):

	Three Months Ended
	June 30, 2012		July 2, 2011
Numerator:
Net Income	$	68,645	$	24,115
Net income applicable to preference shareholders		—		5,198
Net income available for ordinary shareholders	$	68,645	$	18,917
Denominator:
Basic weighted average ordinary shares		192,790,454		140,554,377
Weighted average dilutive share equivalents:
Share options and restricted shares/units		6,600,673		—
Convertible preference shares		—		38,622,891
Diluted weighted average ordinary shares		199,391,127		179,177,268
Basic net income per ordinary share	$	0.36	$	0.13
Diluted net income per ordinary share	$	0.34	$	0.13

The components of the calculation of basic net income per ordinary share and diluted net income per ordinary share are as follows (in thousands except share and per share data):

	Fiscal Years Ended
	March 31, 2012		April 2, 2011		April 3, 2010
Numerator:
Net Income	$	147,364	$	72,506	$	39,248
Net income applicable to preference shareholders		21,227		15,629		8,460
Net income available for ordinary shareholders		126,137		56,877		30,788
Denominator:
Basic weighted average ordinary shares		158,258,126		140,554,377		140,554,377
Weighted average dilutive share equivalents:
share options and restricted shares/units		2,628,650		—		—
convertible preference shares		28,412,421		38,622,891		38,622,891
Diluted weighted average ordinary shares		189,299,197		179,177,268		179,177,268
Basic net income per ordinary share	$	0.80	$	0.40	$	0.22
Diluted net income per ordinary share	$	0.78	$	0.40	$	0.22