DERIVATIVES AND FAIR VALUE MEASUREMENTS (Tables)

12 Months Ended

Mar. 31, 2012

Derivatives and Fair Value Measurements [Abstract]

Schedule of Effect of Derivative Instruments Designated as Cash Flow Hedges and Those Not Designated as Hedging Instruments

The following table presents the effect of our derivative instruments designated as cash flow hedges and those not designated as hedging instruments under ASC Topic 815 in our consolidated statement of income for the fiscal year ended March 31, 2012.

Derivative Instruments (In thousands)	Amount of Gain/(Loss) Recognized in OCI (Effective Portion)		Amount of Loss Reclassified from OCI into Earnings (Effective Portion)			Location in Statement of Operations	Amount of Gain/(Loss) Excluded from Effectiveness Testing (*)			Location in Statement of Operations
Designated foreign currency hedge contracts	$	3,140	$	(3,230	)	Net revenues, COGS, and SG&A	$	67		Other income (expense), net
Non-designated foreign currency contracts							$	(1,666	)	Other income (expense), net
	$	3,140	$	(3,230	)		$	(1,599	)

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(*) We exclude the difference between the spot rate and hedge forward rate from our effectiveness testing.

Schedule of Fair Value of Derivative Instruments as They Appear in Consolidated Balance Sheets

The following tables present the fair value of our derivative instruments as they appear in our consolidated balance sheets as of March 31, 2012 and April 2, 2011 by type of contract and whether it is a qualifying hedge under ASC Topic 815.

(In thousands)	Location in Balance Sheet	Balance as of March 31, 2012		Balance as of April 2, 2011
Derivative Assets:
Designated foreign currency hedge contracts	Other current assets	$	6,186	$	2,563
		$	6,186	$	2,563
Derivative Liabilities:
Designated foreign currency hedge contracts	Other current liabilities	$	1,185	$	4,174
		$	1,185	$	4,174

Schedule of Financial Assets and Financial Liabilities Measured at Fair Value on a Recurring Basis

Financial assets and financial liabilities measured at fair value on a recurring basis consist of the following as of March 31, 2012:

(In thousands)	Quoted Market Prices for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Total
Assets
Money market funds	$	194,574	$	—	$	—	$	194,574
Forward currency exchange contracts	—		6,186		—		6,186
	$	194,574	$	6,186	$	—	$	200,760
Liabilities
Forward currency exchange contracts	$	—	$	1,185	$	—	$	1,185
Other liabilities — contingent consideration	—		—		—		—
	$	—	$	1,185	$	—	$	1,185