Share-Based Compensation (Tables)

12 Months Ended

Apr. 02, 2016

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

Option Activity and Information about Options Outstanding

The following table summarizes the share options activity during Fiscal 2016, and information about options outstanding at April 2, 2016:

	Number of Options		Weighted Average Exercise price		Weighted Average Remaining Contractual Life (years)	Aggregate Intrinsic Value (in millions)
Outstanding at March 28, 2015	7,187,003		$	23.14
Granted	515,430		$	47.07
Exercised	(1,632,461	)	$	7.72
Canceled/forfeited	(249,559	)	$	52.18
Outstanding at April 2, 2016	5,820,413		$	28.34	4.36	$	193.0
Vested or expected to vest at April 2, 2016	5,781,360		$	28.34	4.36
Vested and exercisable at April 2, 2016	4,081,064		$	17.72	3.95	$	167.5

Assumptions Used to Estimate Fair Value of Options

The following table represents assumptions used to estimate the fair value of options:

	Fiscal Years Ended
	April 2, 2016		March 28, 2015		March 29, 2014
Expected dividend yield	0.0	%	0.0	%	0.0	%
Volatility factor	31.1	%	33.2	%	46.0	%
Weighted average risk-free interest rate	1.6	%	1.5	%	1.0	%
Expected life of option	4.75 years		4.75 years		4.75 years

Restricted Shares and Restricted Share Units

The following table summarizes restricted share activity under the 2012 Plan during Fiscal 2016:

	Restricted Shares
	Number of Unvested Restricted Shares		Weighted Average Grant Date Fair Value
Unvested at March 28, 2015	770,592		$	68.77
Granted	—		$	—
Vested	(326,988	)	$	50.59
Canceled/forfeited	(53,375	)	$	80.55
Unvested at April 2, 2016	390,229		$	82.38

The following table summarizes the RSU activity under the 2012 Plan during Fiscal 2016:

	Service-based				Performance-based
	Number of Restricted Share Units		Weighted Average Grant Date Fair Value		Number of Restricted Share Units		Weighted Average Grant Date Fair Value
Unvested at March 28, 2015	35,940		$	66.26	317,201		$	76.69
Granted	1,104,983		$	46.76	287,476		$	47.10
Vested	(18,537	)	$	59.69	—		$	—
Canceled/forfeited	(51,328	)	$	47.87	(24,903	)	$	80.72
Unvested at April 2, 2016	1,071,058		$	47.13	579,774		$	61.84

Schedule of Employee Service Share-based Compensation, Allocation of Recognized Period Costs

The following table summarizes compensation expense attributable to share-based compensation for Fiscal 2016, Fiscal 2015 and Fiscal 2014 (in millions):

	Fiscal Years Ended
	April 2, 2016		March 28, 2015		March 29, 2014
Share-based compensation expense	$	48.4	$	48.9	$	29.1
Tax benefits related to share-based compensation expense	$	15.7	$	17.5	$	11.5