Accumulated Other Comprehensive Loss

12 Months Ended

Mar. 31, 2018

Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]

Accumulated Other Comprehensive Loss

Stockholders' Equity

Share Repurchase Program

As of March 31, 2018, all of the Company's common stock authorized for repurchase under its October 2015 $200 million program was repurchased. Of this total, 3.4 million shares were purchased in fiscal year 2018 at a cost of $175.8 million, or an average cost of $51.86 per share. All of these shares were repurchased in the open market and were funded from existing cash. All shares of our common stock that were repurchased were retired as of March 31, 2018. In January 2018, the Board of Directors authorized the repurchase of up to an additional $200 million of the Company’s common stock. No shares have been repurchased under the new plan as of March 31, 2018.

Preferred Stock

We have 5.0 million shares of Preferred Stock authorized. As of March 31, 2018, we have not issued any of the authorized shares.

Accumulated Other Comprehensive Loss

Our accumulated other comprehensive loss is comprised of foreign currency translation adjustments, unrealized gains and losses on investments classified as available-for-sale, and actuarial gains and losses on our defined benefit pension plan assets.

The following table summarizes the changes in the components of accumulated other comprehensive loss, net of tax (in thousands):

	Foreign Currency			Unrealized Gains (Losses) on Securities			Actuarial Gains (Losses) on Defined Benefit Pension Plan			Total
Balance, March 26, 2016	$	(476	)	$	(62	)	$	870		$	332
Current period foreign exchange translation	(826		)	—			—			(826		)
Current period marketable securities activity	—			47			—			47
Current period actuarial gain/loss activity	—			—			(79		)	(79		)
Current period amortization of actuarial (gain) loss	—			—			(89		)	(89		)
Tax effect	—			(16		)	58			42
Balance, March 25, 2017	(1,302		)	(31		)	760			(573		)
Current period foreign exchange translation	2,791			—			—			2,791
Current period marketable securities activity	—			(2,380		)	—			(2,380		)
Current period actuarial gain/loss activity	—			—			(14,729		)	(14,729		)
Current period amortization of actuarial (gain) loss	—			—			—			—
Tax effect	—			750			2,780			3,530
Balance, March 31, 2018	$	1,489		$	(1,661	)	$	(11,189	)	$	(11,361	)