XML 24 R13.htm IDEA: XBRL DOCUMENT v3.7.0.1
Pension Plan
3 Months Ended
Jun. 24, 2017
Retirement Benefits [Abstract]  
Pension Plan
Pension Plan

As a result of the fiscal year 2015 acquisition of Wolfson Microelectronics, the Company now fully funds a defined benefit pension scheme (the “Scheme”), formerly maintained by Wolfson, for some of the employees in the United Kingdom.  The participants in the Scheme no longer accrue benefits and therefore the Company will not be required to make contributions in respect of future accruals. 

The Company elected to make a contribution based on the latest triennial actuarial valuation. A contribution of £1.5 million was made on June 22, 2017. As of June 24, 2017, the Scheme is in a funded position of $3.8 million (included within “Other assets” in the consolidated condensed balance sheet).