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RETIREMENT PLANS (Tables)
 12 Months Ended
Mar. 31, 2012
Compensation and Retirement Disclosure [Abstract]  
Schedule of Components of Net Periodic Benefit Costs of Defined Benefit Pension Plans
Some of the Company’s foreign subsidiaries have defined benefit pension plans covering substantially all full time employees at those subsidiaries. Net periodic benefit costs for the plans in the aggregate include the following components:
(In thousands)
March 31,
2012
 
April 2,
2011
 
April 3,
2010
Service cost
$
2,545

 
$
667

 
$
512

Interest cost on benefit obligation
601

 
283

 
242

Expected (return)/loss on plan assets
2

 
(467
)
 
(289
)
Actuarial (gain)/loss
(385
)
 
(48
)
 
223

Amortization of unrecognized prior service cost
(31
)
 
381

 
(68
)
Amortization of unrecognized transition obligation
221

 
30

 
27

Totals
$
2,953

 
$
846

 
$
647
Schedule of Activity Under Defined Benefit Plans
The activity under those defined benefit plans are as follows:
(In thousands)
March 31,
2012
 
April 2,
2011
Change in Benefit Obligation:
 

 
 

Benefit Obligation, beginning of year
$
(8,628
)
 
$
(7,949
)
Switzerland Benefit Obligation, beginning of year
(14,079
)
 
n/a

Service cost
(2,545
)
 
(667
)
Interest cost
(601
)
 
(283
)
Benefits paid
1,952

 
843

Actuarial (loss)/gain
(1,244
)
 
102

Employee and plan participants contribution
(1,728
)
 


Plan Amendments
(193
)
 
—

Currency translation
(84
)
 
(674
)
Benefit obligation, end of year
$
(27,150
)
 
$
(8,628
)
Change in Plan Assets:
 

 
 

Fair value of plan assets, beginning of year
$
4,449

 
$
3,833

Fair value of Switzerland plan assets, beginning of year
11,349


n/a

Company contributions
2,156

 
478

Benefits paid
(1,873
)
 
(783
)
Gain/(Loss) on plan assets
124

 
467

Employee and plan participants contributions
1,728

 
n/a

Currency translation
252

 
454

Fair value of Plan Assets, end of year
$
18,185

 
$
4,449

Funded Status
$
(8,965
)
 
$
(4,179
)
Unrecognized net actuarial loss/(gain)
4,513

 
341

Unrecognized initial obligation
141

 
(83
)
Unrecognized prior service cost
254

 
171

Net amount recognized
$
(4,057
)
 
$
(3,750
)
Schedule of Components of Change Recorded in Accumulated Other Comprehensive Income Related to Defined Benefit Plans, Net of Tax
The components of the change recorded in our accumulated other comprehensive income related to our defined benefit plans, net of tax, are as follows (in thousands):
Balance as of April 3, 2010
$
(820
)
Obligation at transition
574

Actuarial loss
(50
)
Prior service cost
31

Balance as of April 2, 2011
$
(265
)
Obligation at transition
30

Actuarial loss
(3,701
)
Prior service cost
(317
)
Balance as of March 31, 2012
$
(4,253
)
Schedule of Weighted Average Rates Used to Determine Net Periodic Benefit Costs
The fair values of shares purchased under the Employee Stock Purchase Plan are estimated using the Black-Scholes single option-pricing model with the following weighted average assumptions:

 
March 31,
2012
 
April 2,
2011
 
April 3,
2010
Volatility
26.3
%
 
21.1
%
 
30.9
%
Expected life
6
 mos.
 
6
 mos.
 
6
 mos.
Risk-free interest rate
0.1
%
 
0.2
%
 
0.2
%
Dividend Yield
0.0
%
 
0.0
%
 
0.0
%
The weighted average rates used to determine the net periodic benefit costs were as follows:
 
March 31,
2012
 
April 2,
2011
 
April 3,
2010
Discount rate
2.40
%
 
5.30
%
 
5.20
%
Rate of increased salary levels
1.50
%
 
2.60
%
 
2.00
%
Expected long-term rate of return on assets
2.10
%
 
1.60
%
 
1.60
%
Schedule of Estimated Future Benefit Payments
Estimated future benefit payments during the next five years and in the aggregate for the five fiscal years thereafter, are as follows (in thousands):

Expected Benefit Payments
 

Fiscal Year 2013
$
1,199

Fiscal Year 2014
$
1,428

Fiscal Year 2015
$
1,073

Fiscal Year 2016
$
1,429

Fiscal Year 2017
$
1,878

Fiscal Year 2018-2021
$
4,545