DERIVATIVES AND FAIR VALUE MEASUREMENTS (Tables)

9 Months Ended

Dec. 28, 2019

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 condensed consolidated statements of income and comprehensive income for the nine months ended December 28, 2019:

(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 Condensed Consolidated Statements of Income and Comprehensive Income	Amount of Gain (Loss) Excluded from Effectiveness Testing			Location in Condensed Consolidated Statements of Income and Comprehensive Income
Designated foreign currency hedge contracts, net of tax	$	1,224		$	401		Net revenues, COGS and SG&A	$	481		Interest and other expense, net
Non-designated foreign currency hedge contracts	$	—		$	—			$	(244	)	Interest and other expense, net
Designated interest rate swaps, net of tax	$	(4,506	)	$	(828	)	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 condensed consolidated balance sheets as of December 28, 2019 and March 30, 2019:

(In thousands)	Location in Condensed Consolidated Balance Sheets	As of		As of
		December 28, 2019		March 30, 2019
Derivative Assets:
Designated foreign currency hedge contracts	Other current assets	$	487	$	1,208
Non-designated foreign currency hedge contracts	Other current assets	155		69
		$	642	$	1,277
Derivative Liabilities:
Designated foreign currency hedge contracts	Other current liabilities	$	11	$	145
Non-designated foreign currency hedge contracts	Other current liabilities	481		—
Designated interest rate swaps	Other current liabilities	8,476		5,203
		$	8,968	$	5,348

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 28, 2019 and March 30, 2019.

	As of December 28, 2019
(In thousands)	Level 1		Level 2		Total
Assets
Money market funds	$	30,281	$	—	$	30,281
Designated foreign currency hedge contracts	—		487		487
Non-designated foreign currency hedge contracts	—		155		155
	$	30,281	$	642	$	30,923
Liabilities
Designated foreign currency hedge contracts	$	—	$	11	$	11
Non-designated foreign currency hedge contracts	—		481		481
Designated interest rate swaps	—		8,476		8,476
	$	—	$	8,968	$	8,968
	As of March 30, 2019
	Level 1		Level 2		Total
Assets
Money market funds	$	36,980	$	—	$	36,980
Designated foreign currency hedge contracts	—		1,208		1,208
Non-designated foreign currency hedge contracts	—		69		69
	$	36,980	$	1,277	$	38,257
Liabilities
Designated foreign currency hedge contracts	$	—	$	145	$	145
Designated interest rate swaps	—		5,203		5,203
	$	—	$	5,348	$	5,348