DERIVATIVES AND FAIR VALUE MEASUREMENTS (Tables)

12 Months Ended

Apr. 01, 2017

Derivative Instruments and Hedging Activities Disclosure [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 loss and comprehensive loss for the fiscal year ended April 1, 2017.

Derivative Instruments	Amount of Gain (Loss) Recognized in Accumulated Other Comprehensive Loss			Amount of Gain Reclassified from Accumulated Other Comprehensive Loss into Earnings			Location in Consolidated Statements of (Loss) Income and Comprehensive Loss	Amount of Gain Excluded from Effectiveness Testing (*)		Location in Consolidated Statements of (Loss) Income and Comprehensive Loss
(In thousands)
Designated foreign currency hedge contracts, net of tax	$	(524	)	$	(4,647	)	Net revenues, COGS, and SG&A	$	636	Other expense, net
Non-designated foreign currency hedge contracts	—			—				$	221	Other expense, net
Designated interest rate swaps, net of tax	$	160					Other 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:

(In thousands)	Location in Balance Sheet	April 1, 2017		April 2, 2016
Derivative Assets:
Designated foreign currency hedge contracts	Other current assets	$	1,645	$	335
Non-designated foreign currency hedge contracts	Other current assets	218		92
Designated interest rate swaps	Other current assets	64		—
		$	1,927	$	427
Derivative Liabilities:
Designated foreign currency hedge contracts	Other current liabilities	$	894	$	3,910
Non-designated foreign currency hedge contracts	Other current liabilities	$	72	$	146
Designated interest rate swaps	Other current liabilities	—		154
		$	966	$	4,210

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 April 1, 2017	Level 1		Level 2		Total
(In thousands)
Assets
Money market funds	$	80,676	$	—	$	80,676
Designated foreign currency hedge contracts	—		1,645		1,645
Non-designated foreign currency hedge contracts	—		218		218
Designated interest rate swaps	—		64		64
	$	80,676	$	1,927	$	82,603
Liabilities
Designated foreign currency hedge contracts	$	—	$	894	$	894
Non-designated foreign currency hedge contracts	$	—	$	72	$	72
	$	—	$	966	$	966

As of April 2, 2016	Level 1		Level 2		Total
(In thousands)
Assets
Money market funds	$	72,491	$	—	$	72,491
Designated foreign currency hedge contracts	—		335		335
Non-designated foreign currency hedge contracts	—		92		92
	$	72,491	$	427	$	72,918
Liabilities
Designated foreign currency hedge contracts	$	—	$	3,910	$	3,910
Non-designated foreign currency hedge contracts	—		146		146
Designated interest rate swaps	—		154		154
	$	—	$	4,210	$	4,210