CAPITAL STOCK (Tables)

12 Months Ended

Apr. 01, 2017

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

Schedule of Stock-Based Compensation Cost

Compensation cost related to stock-based transactions is recognized in the consolidated financial statements based on fairvalue. The total amount of stock-based compensation expense, which is recorded on a straight line basis, was as follows:

(In thousands)	2017	2016	2015
Selling, general and administrative expenses	$6,894	$5,183	$11,251
Research and development	1,549	1,060	1,706
Cost of goods sold	707	706	1,138
	$9,150	$6,949	$14,095

Schedule of Summary of Stock Option Activity

A summary of stock option activity for the fiscal year ended April 1, 2017 is as follows:

	Options Outstanding (shares)		Weighted Average Exercise Price per Share		Weighted Average Remaining Life (years)	Aggregate Intrinsic Value ($000’s)
Outstanding at April 2, 2016	2,951,183		$	33.59	3.34	$	9,684
Granted	501,127		32.47
Exercised	(1,083,824	)	28.79
Forfeited/Canceled	(329,691	)	35.95
Outstanding at April 1, 2017	2,038,795		$	35.51	3.88	$	10,963
Exercisable at April 1, 2017	1,284,592		$	37.04	2.66	$	5,129
Vested or expected to vest at April 1, 2017	1,906,548		$	35.69	4.24	$	9,937

Schedule of Assumptions Utilized for Estimating Fair Value of Option Grants

The assumptions utilized for option grants during the periods presented are as follows:

	2017			2016			2015
Volatility	24.0		%	22.8		%	22.5		%
Expected life (years)	4.9			4.9			4.9
Risk-free interest rate	1.2		%	1.4		%	1.5		%
Dividend yield	0.0		%	0.0		%	0.0		%
Fair value per option	$	7.61		$	7.40		$	7.91

Schedule of Assumptions Used, Other than Options

The assumptions used in the Monte Carlo model for PSUs granted during each year were as follows:

	2017		2016		2015
Expected stock price volatility	26.39	%	22.27	%	20.08	%
Peer group stock price volatility	33.86	%	31.95	%	31.52	%
Correlation of returns	51.17	%	26.27	%	30.52	%

The fair values of shares purchased under the Employee Stock Purchase Plan are estimated using the Black-Scholes single option-pricing model with the following weighted average assumptions:

	2017		2016		2015
Volatility	31.3	%	21.1	%	23.7	%
Expected life (months)	6		6		6
Risk-free interest rate	—	%	0.2	%	0.1	%
Dividend Yield	0.0	%	0.0	%	0.0	%

The weighted-average grant-date fair value of RSUs granted and total fair value of RSUs vested were as follows:

(In thousands, except per share data)	2017		2016		2015
Grant-date fair value per RSU	$	32.61	$	33.19	$	34.89
Fair value of RSUs vested	$	34.98	$	36.07	$	36.62

The weighted average rates used to determine the net periodic benefit costs and projected benefit obligations were as follows:

	2017		2016		2015
Discount rate	0.76	%	0.72	%	0.93	%
Rate of increased salary levels	1.43	%	1.58	%	1.65	%
Expected long-term rate of return on assets	1.10	%	1.20	%	1.68	%

Schedule of Summary of Restricted Stock Units Activity

The fair market value of RSUs is determined based on the market value of the Company’s shares on the date of grant.

A summary of RSU activity for the fiscal year ended April 1, 2017 is as follows:

	Shares		Weighted Average Grant Date Fair Value
Unvested at April 2, 2016	380,871		$	34.33
Granted	212,105		32.61
Vested	(150,113	)	34.98
Forfeited	(101,222	)	33.70
Unvested at April 1, 2017	341,641		$	33.16

Schedule of Performance Share Unit awards

A summary of PSU activity for the fiscal year ended April 1, 2017 is as follows:

	Shares		Weighted Average Grant Date Fair Value
Unvested at April 2, 2016	102,336		$	31.38
Granted	228,884		34.07
Vested	—		—
Forfeited	(46,595	)	30.68
Unvested at April 1, 2017	284,625		$	33.66

Schedule of Market Stock Units Award Activity

A summary of MSU activity for the fiscal year ended April 1, 2017 is as follows:

	Shares		Weighted Average Grant Date Fair Value
Unvested at April 2, 2016	152,968		$	24.84
Granted	—		—
Vested	(116,550	)	—
Forfeited	(36,418	)	13.42
Unvested at April 1, 2017	—		$	—