Derivative Financial Instruments (Tables)

12 Months Ended

Mar. 28, 2015

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 March 28, 2015 and March 29, 2014 (in thousands):


					Fair Values
	Notional Amounts				Current Assets ⁽¹⁾				Current Liabilities ⁽²⁾
	March 28, 2015		March 29, 2014		March 28, 2015		March 29, 2014		March 28, 2015		March 29, 2014
Designated forward currency exchange contracts	$	226,090	$	127,955	$	23,590	$	5	$	522	$	1,875
Undesignated forward currency exchange contracts		25,788		27,105		1,414		7		78		—

Total	$	251,878	$	155,060	$	25,004	$	12	$	600	$	1,875

⁽¹⁾

Recorded within prepaid expenses and other current assets in the Company’s audited consolidated balance sheets.

⁽²⁾

Recorded within accrued expenses and other current liabilities in the Company’s audited consolidated balance sheets.

Impact of Effective Portion of Gains and Losses of Forward Contracts Designated as Hedges

The following table summarizes the impact of the effective portion of gains and losses of the forward contracts designated as hedges for the fiscal years ended March 28, 2015 and March 29, 2014 (in thousands):


	Fiscal Year Ended March 28, 2015				Fiscal Year Ended March 29, 2014
	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 currency exchange contracts	$	36,633	$	2,059	$	(3,797	)	$	(540	)