DERIVATIVES AND FAIR VALUE MEASUREMENTS (Tables)

6 Months Ended

Oct. 01, 2011

Schedule of Derivative Instruments, Gain (Loss) in Statement of Financial Performance

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 statement of income for the six months ended October 1, 2011.

	Amount of Loss			Reclassified			Amount
	Recognized			from AOCI into		Location in	Excluded from		Location in
	in AOCI			Earnings		Statement of	Effectiveness		Statement of
Derivative Instruments	(Effective Portion)			(Effective Portion)		Operations	Testing (*)		Operations
(in thousands)
Designated foreign currency hedge contracts	$	(2,889	)	$	2,896	Net revenues, COGS, and SG&A	$	167	Other income
Non-designated foreign currency hedge contracts		—			—			1,670	Other expense
	$	(2,889	)	$	2,896		$	1,837

(*)   We exclude the difference between the spot rate and hedge forward rate from our effectiveness testing.

Schedule of Derivative Instruments in Statement of Financial Position, Fair Value

The following tables present the fair value of our derivative instruments as they appear in our consolidated balance sheets as of October 1, 2011 by type of contract and whether it is a qualifying hedge under ASC Topic 815.

	Location in	Balance as of		Balance as of
(in thousands)	Balance Sheet	October 1, 2011		April 2, 2011
Derivative Assets:
Designated foreign currency hedge contracts	Other current assets	$	1,541	$	2,563
		$	1,541	$	2,563
Derivative Liabilities:
Designated foreign currency hedge contracts	Other current liabilities	$	4,185	$	4,174
		$	4,185	$	4,174

Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis

Financial assets and financial liabilities measured at fair value on a recurring basis consist of the following as of October 1, 2011:

			Significant
	Quoted Market		Other		Significant
	Prices for		Observable		Unobservable
	Identical Assets		Inputs		Inputs
(in thousands)	(Level 1)		(Level 2)		(Level 3)		Total
Assets
Money market funds	$	143,035	$	—	$	—	$	143,035
Foreign currency hedge contracts		—		1,541		—		1,541
	$	143,035	$	1,541	$	—	$	144,576
Liabilities
Foreign currency hedge contracts	$	—	$	4,185	$	—	$	4,185
	$	—	$	4,185	$	—	$	4,185