DERIVATIVES AND FAIR VALUE MEASUREMENTS (Tables)

9 Months Ended

Dec. 29, 2018

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 the Company's derivative instruments designated as cash flow hedges and those not designated as hedging instruments under ASC 815 in its consolidated statements of income (loss) and comprehensive income (loss) for the nine months ended December 29, 2018:

(In thousands)	Amount of Gain (Loss) Recognized in Accumulated Other Comprehensive Loss			Amount of Gain (Loss) Reclassified from Accumulated Other Comprehensive Loss into Earnings			Location in Consolidated Statements of Income (Loss) and Comprehensive Income (Loss)	Amount of Gain Excluded from Effectiveness Testing		Location in Consolidated Statements of Income (Loss) and Comprehensive Income (Loss)
Designated foreign currency hedge contracts, net of tax	$	2,781		$	(209	)	Net revenues, COGS and SG&A	$	1,349	Interest and other expense, net
Non-designated foreign currency hedge contracts	—			—				$	1,307	Interest and other expense, net
Designated interest rate swaps, net of tax	$	(2,841	)	$	—		Interest and other expense, net	$	—

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

The following tables present the fair value of the Company's derivative instruments as they appear in its consolidated balance sheets as of December 29, 2018 and March 31, 2018:

(In thousands)	Location in Balance Sheet	As of		As of
		December 29, 2018		March 31, 2018
Derivative Assets:
Designated foreign currency hedge contracts	Other current assets	$	1,655	$	780
Non-designated foreign currency hedge contracts	Other current assets	100		324
		$	1,755	$	1,104
Derivative Liabilities:
Designated foreign currency hedge contracts	Other current liabilities	$	351	$	1,445
Non-designated foreign currency hedge contracts	Other current liabilities	71		138
Designated interest rate swaps	Other current liabilities	2,841		—
		$	3,263	$	1,583

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 December 29, 2018 and March 31, 2018.

	As of December 29, 2018
(In thousands)	Level 1		Level 2		Total
Assets
Money market funds	$	63,547	$	—	$	63,547
Designated foreign currency hedge contracts	—		1,655		1,655
Non-designated foreign currency hedge contracts	—		100		100
	$	63,547	$	1,755	$	65,302
Liabilities
Designated foreign currency hedge contracts	$	—	$	351	$	351
Non-designated foreign currency hedge contracts	—		71		71
Designated interest rate swaps	—		2,841		2,841
	$	—	$	3,263	$	3,263
	As of March 31, 2018
	Level 1		Level 2		Total
Assets
Money market funds	$	75,450	$	—	$	75,450
Designated foreign currency hedge contracts	—		780		780
Non-designated foreign currency hedge contracts	—		324		324
	$	75,450	$	1,104	$	76,554
Liabilities
Designated foreign currency hedge contracts	$	—	$	1,445	$	1,445
Non-designated foreign currency hedge contracts	—		138		138
	$	—	$	1,583	$	1,583