DERIVATIVES AND FAIR VALUE MEASUREMENTS (Tables)

3 Months Ended

Jul. 01, 2017

Derivative Instruments and Hedging Activities Disclosure [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 815 in our consolidated statements of income (loss) and comprehensive income (loss) for the three months ended July 1, 2017:

(In thousands)	Amount of (Loss) Gain Recognized in Accumulated Other Comprehensive Loss			Amount of (Loss) Gain Reclassified from Accumulated Other Comprehensive Loss into Earnings			Location in Consolidated Statements of Income (Loss) and Comprehensive Income (Loss)	Amount of Gain (Loss) Excluded from Effectiveness Testing			Location in Consolidated Statements of Income (Loss) and Comprehensive Income (Loss)
Designated foreign currency hedge contracts, net of tax	$	(207	)	$	(30	)	Net revenues, COGS, and SG&A	$	309		Interest and other expense, net
Non-designated foreign currency hedge contracts	—			—				$	(210	)	Interest and other expense, net
Designated interest rate swaps, net of tax	$	(39	)				Interest and other expense, net

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 July 1, 2017 and April 1, 2017:

(In thousands)	Location in Balance Sheet	As of July 1, 2017		As of April 1, 2017
Derivative Assets:
Designated foreign currency hedge contracts	Other current assets	$	1,633	$	1,645
Non-designated foreign currency hedge contracts	Other current assets	$	96	$	218
Designated interest rate swaps	Other current assets	$	25	$	64
		$	1,754	$	1,927
Derivative Liabilities:
Designated foreign currency hedge contracts	Other current liabilities	$	1,306	$	894
Non-designated foreign currency hedge contracts	Other current liabilities	$	149	$	72
Designated interest rate swaps	Other current liabilities	$	—	$	—
		$	1,455	$	966

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 July 1, 2017 and April 1, 2017.

	As of July 1, 2017
(In thousands)	Level 1		Level 2		Total
Assets
Money market funds	$	95,718	$	—	$	95,718
Designated foreign currency hedge contracts	—		$	1,633	$	1,633
Non-designated foreign currency hedge contracts	$	—	$	96	$	96
Designated interest rate swaps	$	—	$	25	$	25
	$	95,718	$	1,754	$	97,472
Liabilities
Designated foreign currency hedge contracts	$	—	$	1,306	$	1,306
Non-designated foreign currency hedge contracts	$	—	$	149	$	149
	$	—	$	1,455	$	1,455
	As of April 1, 2017
	Level 1		Level 2		Total
Assets
Money market funds	$	80,676	$	—	$	80,676
Designated foreign currency hedge contracts	—		1,645		1,645
Non-designated foreign currency hedge contracts	—		218		218
Designated interest rate swaps	—		64		64
	$	80,676	$	1,927	$	82,603
Liabilities
Designated foreign currency hedge contracts	$	—	$	894	$	894
Non-designated foreign currency hedge contracts	—		72		72
	$	—	$	966	$	966