Postretirement Benefit Plans (Tables)

12 Months Ended

Mar. 30, 2019

The following tables set forth the benefit obligation, the fair value of plan assets, and the funded status of the Scheme (in thousands):



	March 30, 2019			March 31, 2018
Change in benefit obligation:
Beginning balance	$	40,601		$	21,123
Interest cost	—			651
Plan settlements	(40,601		)	—
Benefits paid and expenses	—			(312		)
Change in foreign currency exchange rate	—			2,869
Actuarial loss	—			16,270
Total benefit obligation ending balance	—			40,601
Change in plan assets:
Beginning balance	40,601			22,143
Actual return on plan assets	—			2,700
Employer contributions	—			12,877
Plan settlements	(40,601		)	—
Change in foreign currency exchange rate	—			3,193
Benefits paid and expenses	—			(312		)
Fair value of plan assets ending balance	—			40,601
Funded status of Scheme at end of year	$	—		$	—

Schedule of Net Benefit Costs

The components of the Company’s net periodic pension expense (income) presented within “Research and development” expenses in the Consolidated Statements of Income are as follows (in thousands):



	Fiscal Years Ended
	March 30, 2019		March 31, 2018			March 25, 2017
Expenses	$	—	$	—		$	—
Interest cost	—		651			759
Expected return on plan assets	—		(1,159		)	(1,126		)
Settlement loss	—		—			1,063
Amortization of actuarial gain	—		—			(89		)
	$	—	$	(508	)	$	607

Schedule of Assumptions

The following weighted-average assumptions were used to determine net periodic benefit costs for the year ended March 30, 2019, March 31, 2018 and March 25, 2017:



	2019	2018		2017
Discount rate	n/a	2.70	%	3.60	%
Expected long-term return on plan assets	n/a	4.23	%	4.93	%

Schedule of Fair Value of Pension Assets

The table below sets forth the fair value of our plan assets as of March 31, 2018, using the same three-level hierarchy of fair-value inputs described in Note 4 (in thousands):



	Quoted Prices in Active Markets for Identical Assets Level 1		Significant Other Observable Inputs Level 2		Significant Unobservable Inputs Level 3		Total
Plan Assets:
Insurance contracts	$	—	$	40,601	$	—	$	40,601