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SUPPLEMENTARY QUARTERLY FINANCIAL DATA (Tables)
 12 Months Ended
Mar. 28, 2020
Quarterly Financial Information Disclosure [Abstract]  
Schedule of Quarterly Financial Information
 (in thousands, except per share data)
Quarter Ended
 
March 28, 20201
 
December 28, 2019
 
September 28,
2019
 
June 29,
2019
Net revenues
$
403,043

 
$
384,471

 
$
461,709

 
$
447,767

Gross profit
$
(10,328
)
 
$
143,846

 
$
206,071

 
$
212,646

Net income (loss)
$
(677,918
)
 
$
(78,483
)
 
$
(25,910
)
 
$
(44,871
)
Basic net income (loss) per common share
$
(16.94
)
 
$
(1.97
)
 
$
(0.65
)
 
$
(1.14
)
Diluted net income (loss) per common share
$
(16.94
)
 
$
(1.97
)
 
$
(0.65
)
 
$
(1.14
)
Cash dividends declared per common share
$
—

 
$
0.15

 
$
0.15

 
$
0.15

 (in thousands, except per share data)
Quarter Ended
 
March 30,
2019
 
December 29,
2018
 
September 29,
2018
 
June 30, 20182
Net revenues
$
468,488

 
$
501,669

 
$
483,069

 
$
221,309

Gross profit
$
216,530

 
$
215,137

 
$
152,629

 
$
109,843

Net income (loss)
$
(21,589
)
 
$
(41,734
)
 
$
(86,709
)
 
$
14,471

Basic net income (loss) per common share
$
(0.55
)
 
$
(1.06
)
 
$
(2.21
)
 
$
0.43

Diluted net income (loss) per common share
$
(0.55
)
 
$
(1.06
)
 
$
(2.21
)
 
$
0.42

Cash dividends declared per common share
$
0.15

 
$
0.15

 
$
0.15

 
$
0.15



(1)The Company's consolidated financial results for the fourth quarter Fiscal Year 2020 includes a non-cash impairment charge of $179.6 million to intangible assets and property, plant, and equipment related to long-lived assets in the voice asset group, as well as a non-cash impairment charge of $483.7 million to goodwill related to an overall decline in the Company’s earnings and a sustained decrease in its share price. The Company also completed its internal intangible property restructuring between its wholly-owned subsidiaries to align the IP structure to its operations, resulting in a deferred tax asset and partially offset by a valuation allowance recorded against its U.S. deferred tax assets.

(2) The Company's consolidated financial results for the first quarter Fiscal Year 2019 exclude the results of Polycom for the three months ended June 30, 2018. The Company completed the Acquisition of Polycom on July 2, 2018 and results are included in the remaining three quarters of Fiscal Year 2019.