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RETIREMENT PLANS (Tables)
 12 Months Ended
Apr. 02, 2022
Retirement Benefits [Abstract]  
Schedule of Components of Net Periodic Benefit Costs of Defined Benefit Pension Plans
Some of the Company's foreign subsidiaries have defined benefit pension plans covering substantially all full time employees at those subsidiaries. Net periodic benefit costs for the plans in the aggregate include the following components:
(In thousands)202220212020
Service cost$1,714 $1,861 $1,829 
Interest cost on benefit obligation242 279 301 
Expected return on plan assets(88)(66)(178)
Actuarial loss189 119 129 
Amortization of unrecognized prior service cost(175)(123)(98)
Plan settlements(184)— (239)
Totals$1,698 $2,070 $1,744 
Schedule of Activity Under Defined Benefit Plans
The activity under those defined benefit plans are as follows:
(In thousands)April 2,
2022		April 3,
2021
Change in Benefit Obligation:  
Benefit Obligation, beginning of year$(31,891)$(28,370)
Service cost(1,714)(1,861)
Interest cost(242)(279)
Benefits paid928 1,990 
Actuarial gain (loss)3,208 (1,249)
Employee and plan participants contribution(2,093)(1,084)
Plan settlements1,367 525 
Foreign currency changes27 (1,563)
Benefit obligation, end of year$(30,410)$(31,891)
Change in Plan Assets:  
Fair value of plan assets, beginning of year$16,142 $15,287 
Company contributions1,432 1,224 
Benefits paid(719)(1,822)
(Loss) gain on plan assets(108)219 
Employee and plan participants contribution2,077 1,064 
Plan settlements(1,356)— 
Foreign currency changes(21)170 
Fair value of plan assets, end of year$17,447 $16,142 
Funded Status*
$(12,963)$(15,749)
Unrecognized net actuarial (gain) loss(236)2,948 
Unrecognized prior service cost(1,099)(1,248)
Net amount recognized$(14,298)$(14,049)
* Substantially all of the unfunded status is non-current
Schedule of Components of Change Recorded in Accumulated Other Comprehensive Income Related to Defined Benefit Plans, Net of Tax
The components of the change recorded in the Company's accumulated other comprehensive loss related to its defined benefit plans, net of tax, are as follows (in thousands):
Balance as of March 30, 2019$(527)
Actuarial gain614 
Prior service cost(87)
Plan settlements(209)
Balance as of March 28, 2020$(209)
Actuarial loss(221)
Prior service cost(130)
Plan settlements — 
Balance as of April 3, 2021$(560)
Actuarial gain2,532 
Prior service cost(194)
Plan settlements(159)
Balance as of April 2, 2022$1,619 
Schedule of Weighted Average Rates Used to Determine Net Periodic Benefit Costs
The weighted average rates used to determine the net periodic benefit costs and projected benefit obligations were as follows:
202220212020
Discount rate1.38 %0.58 %0.82 %
Rate of increased salary levels1.81 %1.64 %1.74 %
Expected long-term rate of return on assets0.69 %0.42 %0.31 %
The weighted-average grant-date fair value of RSUs granted and total fair value of RSUs vested are as follows:
202220212020
Grant-date fair value per RSU$56.96 $102.19 $102.32 
Fair value of RSUs vested$79.60 $66.87 $54.58 
The assumptions used in the Monte Carlo model for PSUs granted during each fiscal year were as follows:
202220212020
Expected stock price volatility49.23 %36.79 %28.64 %
Peer group stock price volatility45.75 %42.31 %29.77 %
Correlation of returns65.06 %65.12 %50.30 %

The weighted-average grant-date fair value of PSUs granted and total fair value of PSUs vested are as follows:
202220212019
Grant-date fair value per PSU$72.52 $123.92 $146.93 
Fair value of PSUs vested$— $47.43 $34.78 
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:
202220212020
Volatility55.6 %49.8 %34.7 %
Expected life (months)666
Risk-free interest rate0.1 %0.1 %2.0 %
Dividend Yield0.0 %0.0 %0.0 %
Schedule of Estimated Future Benefit Payments Estimated future benefit payments are as follows:
(In thousands) 
Fiscal 2023$1,328 
Fiscal 20241,426 
Fiscal 20251,326 
Fiscal 20261,429 
Fiscal 20271,384 
Fiscal 2028-20329,867