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RETIREMENT PLANS (Tables)
12 Months Ended
Mar. 29, 2014
Compensation and Retirement Disclosure [Abstract]  
Schedule of Components of Net Periodic Benefit Costs of Defined Benefit Pension Plans
Some of the our 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 29,
2014
 
March 30,
2013
 
March 31,
2012
Service cost
$
3,351

 
$
2,759

 
$
2,545

Interest cost on benefit obligation
623

 
639

 
601

Expected (return)/loss on plan assets
(435
)
 
(413
)
 
2

Actuarial loss/(gain)
88

 
196

 
(385
)
Amortization of unrecognized prior service cost
182

 
(14
)
 
(31
)
Amortization of unrecognized transition obligation
47

 
48

 
221

Totals
$
3,856

 
$
3,215

 
$
2,953

Schedule of Activity Under Defined Benefit Plans
The activity under those defined benefit plans are as follows:
(In thousands)
March 29,
2014
 
March 30,
2013
Change in Benefit Obligation:
 

 
 

Benefit Obligation, beginning of year
$
(30,126
)
 
$
(27,150
)
Service cost
(3,351
)
 
(2,759
)
Interest cost
(623
)
 
(639
)
Benefits paid
4,474

 
3,210

Actuarial (loss)/gain
55

 
(1,364
)
Employee and plan participants contribution
(2,963
)
 
(2,926
)
Plan Amendments
419

 

Foreign currency changes
(506
)
 
1,502

Benefit obligation, end of year
$
(32,621
)
 
$
(30,126
)
Change in Plan Assets:
 

 
 

Fair value of plan assets, beginning of year
$
19,577

 
$
18,185

Company contributions
2,241

 
2,381

Benefits paid
(4,641
)
 
(3,210
)
Gain/(Loss) on plan assets
100

 
397

Employee and plan participants contributions
3,087

 
2,926

Foreign currency changes
(383
)
 
(1,102
)
Fair value of Plan Assets, end of year
$
19,981

 
$
19,577

Funded Status
$
(12,640
)
 
$
(10,549
)
Unrecognized net actuarial loss/(gain)
5,899

 
5,418

Unrecognized initial obligation
94

 
184

Unrecognized prior service cost
(422
)
 
138

Net amount recognized
$
(7,069
)
 
$
(4,809
)
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, April 2, 2011
$
(265
)
Obligation at transition
30

Actuarial loss
(3,701
)
Prior service cost
(317
)
Balance as of March 31, 2012
$
(4,253
)
Obligation at transition
556

Actuarial loss
(1,237
)
Prior service cost
(139
)
Balance as of March 30, 2013
$
(5,073
)
Obligation at transition
172

Actuarial loss
(129
)
Prior service cost
438

Balance as of March 29, 2014
$
(4,592
)
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 29,
2014
 
March 30,
2013
 
March 31,
2012
Volatility
22.9
%
 
24.9
%
 
26.3
%
Expected life (months)
6

 
6

 
6

Risk-free interest rate
0.1
%
 
0.2
%
 
1.0
%
Dividend Yield
0.0
%
 
0.0
%
 
0.0
%
The weighted average rates used to determine the net periodic benefit costs and projected benefit obligations were as follows:
 
March 29,
2014
 
March 30,
2013
 
March 31,
2012
Discount rate
2.02
%
 
1.97
%
 
2.40
%
Rate of increased salary levels
1.57
%
 
1.42
%
 
1.50
%
Expected long-term rate of return on assets
1.94
%
 
1.92
%
 
2.10
%
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 2015
$
2,023

Fiscal Year 2016
$
1,897

Fiscal Year 2017
$
1,907

Fiscal Year 2018
$
1,578

Fiscal Year 2019
$
1,645

Fiscal Year 2020-2024
$
8,295