INCOME TAXES (Tables)

12 Months Ended

Apr. 01, 2017

Schedule Domestic and Foreign Income Before Provision for Income Tax

Domestic and foreign income before provision for income tax is as follows:



(In thousands)	2017			2016			2015
Domestic	$	(44,724	)	$	(18,526	)	$	(17,265	)
Foreign	17,248			(34,890		)	48,430
Total	$	(27,476	)	$	(53,416	)	$	31,165

Schedule of Income Tax Provision Components

The income tax provision from continuing operations contains the following components:



(In thousands)	2017			2016			2015
Current
Federal	$	(1,424	)	$	12		$	3,526
State	436			(660		)	898
Foreign	6,580			3,842			5,614
Total current	$	5,592		$	3,194		$	10,038
Deferred
Federal	(8,711		)	3,532			1,227
State	(953		)	319			3,215
Foreign	2,864			(4,882		)	(212		)
Total deferred	$	(6,800	)	$	(1,031	)	$	4,230
Total	$	(1,208	)	$	2,163		$	14,268

Schedule of Net Deferred Tax Asset

Tax affected, significant temporary differences comprising the net deferred tax liability are as follows:



(In thousands)	April 1, 2017			April 2, 2016
Deferred tax assets:
Depreciation	$	934		$	1,749
Amortization of intangibles	1,150			4,417
Inventory	7,419			7,607
Hedging	—			382
Accruals, reserves and other deferred tax assets	13,907			12,590
Net operating loss carry-forward	11,742			13,484
Stock based compensation	6,014			9,622
Tax credit carry-forward, net	17,852			16,191
Gross deferred tax assets	59,018			66,042
Less valuation allowance	(25,872		)	(24,297		)
Total deferred tax assets (after valuation allowance)	33,146			41,745
Deferred tax liabilities:
Depreciation	(30,422		)	(28,972		)
Amortization of goodwill and intangibles	(7,732		)	(23,626		)
Unremitted earnings	(1,065		)	(700		)
Other deferred tax liabilities	(2,053		)	(2,769		)
Total deferred tax liabilities	(41,272		)	(56,067		)
Net deferred tax liabilities	$	(8,126	)	$	(14,322	)

Schedule of Effective Income Tax Rate Reconciliation

The income tax provision from continuing operations differs from tax provision computed at the 35.0% U.S. federal statutory income tax rate due to the following:



(In thousands)	2017					2016					2015
Tax at federal statutory rate	$	(9,616	)	35.0	%	$	(18,695	)	35.0	%	$	10,907		35.0	%
Difference between U.S. and foreign tax	137			(0.5	)%	10,645			(19.9	)%	(6,929		)	(22.2	)%
State income taxes net of federal benefit	(495		)	1.8	%	134			(0.3	)%	(818		)	(2.6	)%
Change in uncertain tax positions	862			(3.1	)%	(1,820		)	3.4	%	(1,762		)	(5.7	)%
Unremitted earnings	330			(1.2	)%	735			(1.4	)%	—			—	%
Deferred statutory rate changes	(383		)	1.4	%	(2,653		)	5.0	%	—			—	%
Non-deductible goodwill impairment	3,703			(13.5	)%	2,861			(5.4	)%	—			—	%
Non-deductible expenses	896			(3.2	)%	1,491			(2.8	)%	1,237			4.0	%
Research credits	(561		)	2.0	%	(672		)	1.3	%	(1,000		)	(3.2	)%
Tax amortization of goodwill	(10,564		)	38.4	%	4,185			(7.8	)%	3,826			12.3	%
Valuation allowance	13,505			(49.2	)%	5,194			(9.7	)%	8,524			27.4	%
Other, net	978			(3.5	)%	758			(1.4	)%	283			0.8	%
Income tax (benefit) provision	$	(1,208	)	4.4	%	$	2,163		(4.0	)%	$	14,268		45.8	%

Summary of Gross Unrecognized Tax Benefits

The following table summarizes the activity related to our gross unrecognized tax benefits for the fiscal years ended April 1, 2017, April 2, 2016 and March 28, 2015:



(In thousands)	April 1, 2017			April 2, 2016			March 28, 2015
Beginning Balance	$	2,523		$	7,070		$	5,604
Additions for tax positions of prior years	1,279			340			3,234
Reductions of tax positions	(29		)	(4,158		)	—
Settlements with taxing authorities	—			—			(338		)
Closure of statute of limitations	(403		)	(729		)	(1,430		)
Ending Balance	$	3,370		$	2,523		$	7,070