DERIVATIVES AND FAIR VALUE MEASUREMENTS (Tables)

12 Months Ended

Mar. 29, 2014

Derivatives and Fair Value Measurements [Abstract]

Schedule of Effect of Derivative Instruments Designated as Cash Flow Hedges and Those Not Designated as Hedging Instruments

The following table presents the effect of our derivative instruments designated as cash flow hedges and those not designated as hedging instruments under ASC Topic 815 in our consolidated statements of income for the fiscal year ended March 29, 2014.

Derivative Instruments	Amount of Gain/(Loss) Recognized in OCI (Effective Portion)		Amount of Gain/(Loss) Reclassified from OCI into Earnings (Effective Portion)		Location in Statement of Operations	Amount of Gain/(Loss) Excluded from Effectiveness Testing (*)			Location in Statement of Operations
(In thousands)
Designated foreign currency hedge contracts, net of tax	$	3,712	$	8,570	Net revenues, COGS, and SG&A	$	(104	)	Other income (expense), net
Non-designated foreign currency hedge contracts	—		—			$	(1,359	)	Other income (expense)
Designated interest rate swaps, net of tax	$	1,289	$	—	Interest income (expense), net	$	—

(*) We exclude the difference between the spot rate and hedge forward rate from our effectiveness testing.

Schedule of Fair Value of Derivative Instruments as They Appear in Consolidated Balance Sheets

The following tables present the fair value of our derivative instruments as they appear in our consolidated balance sheets as of March 29, 2014 and March 30, 2013 by type of contract and whether it is a qualifying hedge under ASC Topic 815.

(In thousands)	Location in Balance Sheet	Balance as of March 29, 2014		Balance as of March 30, 2013
Derivative Assets:
Designated foreign currency hedge contracts	Other current assets	$	2,574	$	7,030
Designated interest rate swaps	Other current assets	1,250		—
		$	3,824	$	7,030
Derivative Liabilities:
Designated foreign currency hedge contracts	Other current liabilities	$	1,255	$	954
Designated interest rate swaps	Other current liabilities	—		671
		$	1,255	$	1,625

Schedule of Financial Assets and Financial Liabilities Measured at Fair Value on a Recurring Basis

Financial assets and financial liabilities measured at fair value on a recurring basis consist of the following as of March 29, 2014 and March 30, 2013:

As of March 29, 2014	Quoted Market Prices for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Total
	(In thousands)		(In thousands)		(In thousands)		(In thousands)
Assets
Money market funds	$	135,378	$	—	$	—	$	135,378
Foreign currency hedge contracts	—		2,574		—		2,574
Interest rate swap	—		1,250		—		1,250
	$	135,378	$	3,824	$	—	$	139,202
Liabilities
Foreign currency hedge contracts	$	—	$	1,255	$	—	$	1,255
Contingent consideration	—		—		7,645		7,645
	$	—	$	1,255	$	7,645	$	8,900

As of March 30, 2013	Quoted Market Prices for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Total
	(In thousands)		(In thousands)		(In thousands)		(In thousands)
Assets
Money market funds	$	141,120	$	—	$	—	$	141,120
Forward currency hedge contracts	—		7,030		—		7,030
	$	141,120	$	7,030	$	—	$	148,150
Liabilities
Forward currency hedge contracts	$	—	$	954	$	—	$	954
Interest rate swap	—		671		—		671
	$	—	$	1,625	$	—	$	1,625