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Asset Transfer Transaction
12 Months Ended
Mar. 28, 2015
Asset Transfer Transaction [Abstract]  
ASSET TRANSFER TRANSACTION
ASSET TRANSFER TRANSACTION

During fiscal 2013, the Company entered into an asset transfer agreement with IQE, Inc. ("IQE") under which it transferred its MBE operations (located in Greensboro, N.C.) to IQE. The assets transferred to IQE had a total book value of approximately $24.4 million and included the Company’s leasehold interest in the real property, building and improvements used for the facility and machinery and equipment located in the facility, all of which were written off during the first quarter of fiscal 2013. In addition, the Company wrote-off approximately $1.0 million of IDP-related goodwill as a result of this transaction.

In conjunction with the asset transfer agreement, the Company and IQE entered into a wafer supply agreement under which IQE supplies the Company with wafer starting materials. This wafer supply agreement, which is recorded as an intangible asset on the Company’s Consolidated Balance Sheets, provides the Company with competitive wafer pricing through March 31, 2016 (see Note 1 and Note 7).