DERIVATIVES AND FAIR VALUE MEASUREMENTS (Tables)

12 Months Ended

Mar. 28, 2015

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 statements of income for the fiscal year ended March 28, 2015.

Derivative Instruments	Amount of Gain/(Loss) Recognized in OCI (Effective Portion)			Amount of Gain/(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
(In thousands)
Designated foreign currency hedge contracts, net of tax	$	12,249		$	6,464	Net revenues, COGS, and SG&A	$	(170	)	Other income (expense), net
Non-designated foreign currency hedge contracts	—			—			$	7,510		Other income (expense)
Designated interest rate swaps, net of tax	$	(878	)	$	—	Interest income (expense), net	$	—

(*) 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 28, 2015 and March 29, 2014 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 28, 2015		Balance as of March 29, 2014
Derivative Assets:
Designated foreign currency hedge contracts	Other current assets	$	9,740	$	2,574
Designated interest rate swaps	Other current assets	—		1,250
		$	9,740	$	3,824
Derivative Liabilities:
Designated foreign currency hedge contracts	Other current liabilities	$	2,499	$	1,255
Designated interest rate swaps	Other current liabilities	159		—
		$	2,658	$	1,255

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 28, 2015 and March 29, 2014:

As of March 28, 2015	Quoted Market Prices for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Total
	(In thousands)		(In thousands)		(In thousands)		(In thousands)
Assets
Money market funds	$	119,946	$	—	$	—	$	119,946
Foreign currency hedge contracts	—		9,740		—		9,740
	$	119,946	$	9,740	$	—	$	129,686
Liabilities
Foreign currency hedge contracts	$	—	$	2,499	$	—	$	2,499
Interest rate swap	—		159		—		159
Contingent consideration	—		—		4,727		4,727
	$	—	$	2,658	$	4,727	$	7,385

As of March 29, 2014	Quoted Market Prices for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Total
	(In thousands)		(In thousands)		(In thousands)		(In thousands)
Assets
Money market funds	$	135,378	$	—	$	—	$	135,378
Forward currency hedge contracts	—		2,574		—		2,574
Interest rate swap	—		1,250		—		1,250
	$	135,378	$	3,824	$	—	$	139,202
Liabilities
Forward currency hedge contracts	$	—	$	1,255	$	—	$	1,255
Contingent consideration	—		—		7,645		7,645
	$	—	$	1,255	$	7,645	$	8,900

Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation

A description of the methods used to determine the fair value of the Level 3 liabilities is included within Note 3, Acquisitions. The table below provides a reconciliation of the beginning and ending Level 3 liabilities for the year ended March 28, 2015.

(In thousands)	Fair value measurements using significant unobservable inputs (Level 3)
Contingent consideration as of March 29, 2014	$	7,645
Fair value adjustment	(2,918		)
Ending balance	$	4,727