FOREIGN CURRENCY DERIVATIVES (Tables)

12 Months Ended

Mar. 28, 2020

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Offsetting Financial Assets Under Master Netting Agreements

Offsetting of Financial Assets/Liabilities under Master Netting Agreements with Derivative Counterparties

As of March 28, 2020:

	Gross Amount of Derivative Assets Presented in the Consolidated Balance Sheets		Gross Amounts Not Offset in the Consolidated Balance Sheet that are Subject to Master Netting Agreements
(in thousands)			Gross Amount of Eligible Offsetting Recognized Derivative Liabilities			Cash Collateral Received		Net Amount of Derivative Assets
Derivatives subject to master netting agreements	$	3,550	$	(3,550	)	$	—	$	—
Derivatives not subject to master netting agreements	—							—
Total	$	3,550						$	—

	Gross Amount of Derivative Liabilities Presented in the Consolidated Balance Sheets			Gross Amounts Not Offset in the Consolidated Balance Sheet that are Subject to Master Netting Agreements
(in thousands)				Gross Amount of Eligible Offsetting Recognized Derivative Assets		Cash Collateral Received		Net Amount of Derivative Liabilities
Derivatives subject to master netting agreements	$	(22,890	)	$	3,550	$	—	$	(19,340	)
Derivatives not subject to master netting agreements	—							—
Total	$	(22,890	)					$	(19,340	)

As of March 30, 2019:

	Gross Amount of Derivative Assets Presented in the Consolidated Balance Sheets		Gross Amounts Not Offset in the Consolidated Balance Sheet that are Subject to Master Netting Agreements
(in thousands)			Gross Amount of Eligible Offsetting Recognized Derivative Liabilities			Cash Collateral Received		Net Amount of Derivative Assets
Derivatives subject to master netting agreements	$	3,183	$	(883	)	$	—	$	2,300
Derivatives not subject to master netting agreements	—							—
Total	$	3,183						$	2,300

	Gross Amount of Derivative Liabilities Presented in the Consolidated Balance Sheets			Gross Amounts Not Offset in the Consolidated Balance Sheet that are Subject to Master Netting Agreements
(in thousands)				Gross Amount of Eligible Offsetting Recognized Derivative Assets		Cash Collateral Received		Net Amount of Derivative Liabilities
Derivatives subject to master netting agreements	$	(9,483	)	$	883	$	—	$	(8,600	)
Derivatives not subject to master netting agreements	—							—
Total	$	(9,483	)					$	(8,600	)

Offsetting Financial Liabilities Under Master Netting Agreements

Offsetting of Financial Assets/Liabilities under Master Netting Agreements with Derivative Counterparties

As of March 28, 2020:

	Gross Amount of Derivative Assets Presented in the Consolidated Balance Sheets		Gross Amounts Not Offset in the Consolidated Balance Sheet that are Subject to Master Netting Agreements
(in thousands)			Gross Amount of Eligible Offsetting Recognized Derivative Liabilities			Cash Collateral Received		Net Amount of Derivative Assets
Derivatives subject to master netting agreements	$	3,550	$	(3,550	)	$	—	$	—
Derivatives not subject to master netting agreements	—							—
Total	$	3,550						$	—

	Gross Amount of Derivative Liabilities Presented in the Consolidated Balance Sheets			Gross Amounts Not Offset in the Consolidated Balance Sheet that are Subject to Master Netting Agreements
(in thousands)				Gross Amount of Eligible Offsetting Recognized Derivative Assets		Cash Collateral Received		Net Amount of Derivative Liabilities
Derivatives subject to master netting agreements	$	(22,890	)	$	3,550	$	—	$	(19,340	)
Derivatives not subject to master netting agreements	—							—
Total	$	(22,890	)					$	(19,340	)

As of March 30, 2019:

	Gross Amount of Derivative Assets Presented in the Consolidated Balance Sheets		Gross Amounts Not Offset in the Consolidated Balance Sheet that are Subject to Master Netting Agreements
(in thousands)			Gross Amount of Eligible Offsetting Recognized Derivative Liabilities			Cash Collateral Received		Net Amount of Derivative Assets
Derivatives subject to master netting agreements	$	3,183	$	(883	)	$	—	$	2,300
Derivatives not subject to master netting agreements	—							—
Total	$	3,183						$	2,300

	Gross Amount of Derivative Liabilities Presented in the Consolidated Balance Sheets			Gross Amounts Not Offset in the Consolidated Balance Sheet that are Subject to Master Netting Agreements
(in thousands)				Gross Amount of Eligible Offsetting Recognized Derivative Assets		Cash Collateral Received		Net Amount of Derivative Liabilities
Derivatives subject to master netting agreements	$	(9,483	)	$	883	$	—	$	(8,600	)
Derivatives not subject to master netting agreements	—							—
Total	$	(9,483	)					$	(8,600	)

Notional Amounts of Outstanding Foreign Exchange Contracts and Approximate U.S. Dollar Equivalent

The notional value of the Company's outstanding EUR and GBP option and forward contracts at the end of each period was as follows:

(in millions)	March 28, 2020		March 30, 2019
	EUR	GBP	EUR	GBP
Option contracts	€67.0	€18.4	€76.8	£25.8
Forward contracts	€50.2	€18.5	€55.4	£18.0

The following table summarizes the notional value of the Company’s outstanding foreign exchange currency contracts and approximate U.S. Dollar ("USD") equivalent at March 28, 2020:

	Local Currency		USD Equivalent		Position	Maturity
	(in thousands)		(in thousands)
EUR	€	33,200	$	36,755	Sell EUR	1 month
GBP	£	5,300	$	6,584	Sell GBP	1 month

Effect of Non-Designated Derivative Contracts On Results of Operations Recognized in Interest and Other Income (Expense), Net in Statements of Operations

The effect of non-designated derivative contracts on results of operations recognized in other non-operating income and (expense), net in the consolidated statements of operations was as follows:

	Fiscal Year Ended March 28,		Fiscal Year Ended March 30,		Fiscal Year Ended March 31,
(in thousands)	2020		2019		2018
Gain (loss) on foreign exchange contracts	$	2,665	$	7,340	$	(7,405	)

Balance of Designated Derivative Contracts and the Pre-Tax Impact on Accumulated Other Comprehensive Income

The following table presents the pre-tax effects of derivative instruments designated as cash flow hedges in AOCI and the consolidated statements of operations for Fiscal Years ended March 28, 2020, March 30, 2019, and March 31, 2018:

(in thousands)	2020			2019			2018
Gain (loss) included in AOCI as of beginning of period	$	(7,480	)	$	(1,693	)	$	541
Amount of gain (loss) recognized in OCI (effective portion)	(13,172		)	(4,176		)	(6,741		)
Amount of (gain) loss reclassified from OCI into net revenues (effective portion)	(4,270		)	(4,034		)	4,715
Amount of (gain) loss reclassified from OCI into cost of revenues (effective portion)	(238		)	(177		)	(208		)
Amount of (gain) loss reclassified from OCI into interest expense (effective portion)	5,004			2,600			—
Total amount of (gain) loss reclassified from AOCI to consolidated statements of operations (effective portion)	496			(1,611		)	4,507
Gain (loss) included in AOCI as of end of period	$	(20,156	)	$	(7,480	)	$	(1,693	)