Accumulated Other Comprehensive Income

3 Months Ended

Jun. 27, 2015

Accumulated Other Comprehensive Income

11. Accumulated Other Comprehensive Income

The following table details changes in the components of accumulated other comprehensive income, net of taxes for the three-month periods ended June 27, 2015 and June 28, 2014, respectively (in thousands):

	Foreign Currency Translation Income (Loss)			Net Gains (Losses) on Derivatives (1)			Total Accumulated Other Comprehensive Income (Loss)
Balance at March 29, 2014	$	(4,775	)	$	(1,598	)	$	(6,373	)
Other comprehensive income before reclassifications		3,067			468			3,535
Less: amounts reclassified from AOCI to earnings (2)		—			(996	)		(996	)
Other comprehensive income net of tax		3,067			1,464			4,531
Balance at June 28, 2014	$	(1,708	)	$	(134	)	$	(1,842	)
Balance at March 28, 2015	$	(96,068	)	$	29,264			(66,804	)
Other comprehensive income (loss) before reclassifications		9,814			(10,642	)		(828	)
Less: amounts reclassified from AOCI to earnings (2)		—			(8	)		(8	)
Other comprehensive income (loss) net of tax		9,814			(10,634	)		(820	)
Balance at June 27, 2015	$	(86,254	)	$	18,630		$	(67,624	)

⁽¹⁾  Accumulative other comprehensive income balance related to net gains on derivative financial instruments as of June 27, 2015 and March 28, 2015 is net of tax provisions of $2.3 million and $3.3 million, respectively. Other comprehensive loss before reclassification related to derivative financial instruments for the three months ended June 27, 2015 is net of a tax benefit of $1.0 million. Tax effects related to all other amounts were not material.

⁽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.