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Accumulated Other Comprehensive Income (Tables)
12 Months Ended
Mar. 28, 2015
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 Fiscal 2015, Fiscal 2014 and Fiscal 2013 (in thousands):

 

     Foreign Currency
Translation
Losses
     Net Gains
(Losses) on
Derivatives
     Total
Accumulated Other
Comprehensive
Income (Loss)
 

Balance at March 31, 2012

   $ (735    $ —         $ (735

Other comprehensive income (loss) before reclassifications (1)

     (4,006      1,280         (2,726

Amounts reclassified from AOCI to earnings (1)

     —           —           —     
  

 

 

    

 

 

    

 

 

 

Other comprehensive income (loss) net of tax

  (4,006   1,280      (2,726
  

 

 

    

 

 

    

 

 

 

Balance at March 30, 2013

  (4,741   1,280      (3,461
  

 

 

    

 

 

    

 

 

 

Other comprehensive income (loss) before reclassifications

  (34   (3,360   (3,394

Less: amounts reclassified from AOCI to earnings (2)

  —        (482   (482
  

 

 

    

 

 

    

 

 

 

Other comprehensive income (loss) net of tax

  (34   (2,878   (2,912
  

 

 

    

 

 

    

 

 

 

Balance at March 29, 2014

  (4,775   (1,598   (6,373
  

 

 

    

 

 

    

 

 

 

Other comprehensive income (loss) before reclassifications (3)

  (91,293   32,822      (58,471

Less: amounts reclassified from AOCI to earnings (2)

  —        1,960      1,960   
  

 

 

    

 

 

    

 

 

 

Other comprehensive income (loss) net of tax

  (91,293   30,862      (60,431
  

 

 

    

 

 

    

 

 

 

Balance at March 28, 2015

$ (96,068 $ 29,264    $ (66,804
  

 

 

    

 

 

    

 

 

 

 

(1) The Company did not begin to designate certain of its hedges as accounting hedges until the end of Fiscal 2013.
(2) 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. The related tax effects recorded within income tax expense in the Company’s consolidated statements of operations were not material.
(3) Other comprehensive income (loss) before reclassifications is related to derivative financial instruments designated as cash flow hedges net of tax provision of $3.7 million for Fiscal 2015. The tax effects related to all other amounts were not material.