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Fair Value Measurements (Tables)
12 Months Ended
Mar. 31, 2018
Fair Value Disclosures [Abstract]  
Contracts Measured and Recorded at Fair Value on Recurring and Categorized in Level 2 of Fair Value Hierarchy
All contracts are measured and recorded at fair value on a recurring basis and are categorized in Level 2 of the fair value hierarchy, as shown in the following table (in millions):
 
Fair value at March 31, 2018, using:
 
Fair value at April 1, 2017, using:
 
Quoted prices
in active
markets for
identical
assets
(Level 1)
 
Significant
other
observable
inputs
(Level 2)
 
Significant
unobservable
inputs
(Level 3)
 
Quoted prices
in active
markets for
identical
assets
(Level 1)
 
Significant
other
observable
inputs
(Level 2)
 
Significant
unobservable
inputs
(Level 3)
Forward foreign currency exchange contracts - assets
$

 
$

 
$

 
$

 
$
4.7

 
$

Forward foreign currency exchange contracts - liabilities
$

 
$
7.7

 
$

 
$

 
$
0.4

 
$

Fair Value Measurement of Long-term Debt
The following table summarizes the carrying values and estimated fair values of the Company’s short- and long-term debt, based on Level 2 measurements (in millions):
 
 
March 31, 2018
 
April 1, 2017
 
 
Carrying Value
 
Estimated Fair Value
 
Carrying Value
 
Estimated Fair Value
4.000% Senior Notes
 
$
444.5

 
$
448.1

 
$

 
$

Term Loan
 
$
229.0

 
$
231.2

 
$

 
$

Revolving Credit Facilities
 
$
200.0

 
$
200.0

 
$
133.1

 
$
133.1

Carrying Value and Fair Values of Impaired Long-Lived Assets
The following table details the carrying values and fair values of the Company’s long-lived assets that have been impaired (in millions):
 
Carrying Value Prior to Impairment
 
Fair Value
 
Impairment Charge
Fiscal 2018:
 
 
 
 
 
Lease Rights
$
4.7

 
$
0.5

 
$
4.2

Fixed Assets
30.5

 
3.0

 
27.5

Customer relationships
1.0

 

 
1.0

Total
$
36.2

 
$
3.5

 
$
32.7

 
 
 
 
 
 
Fiscal 2017:
 
 
 
 
 
Lease Rights
$
33.5

 
$
3.3

 
$
30.2

Fixed Assets
186.9

 
17.9

 
169.0

Total
$
220.4

 
$
21.2

 
$
199.2

 
 
 
 
 
 
Fiscal 2016:
 
 
 
 
 
Fixed Assets
$
10.9

 
$

 
$
10.9