Stockholders' Equity

12 Months Ended

Mar. 29, 2015

Equity [Abstract]

Stockholders' Equity

Stockholders' Equity

Stock Repurchase Program.  On October 22, 2013, the Company's Board of Directors approved a share repurchase program authorization for $150 million. In fiscal 2013, the Company made no repurchases under the program. In fiscal 2014, the Company repurchased 4.1 million shares for $44.0 million. In fiscal 2015, the Company repurchased 5.3 million shares for $79.2 million. In April 2015, the Company's Board of Directors approved a new share repurchase program authorization for $300 million.

As of March 29, 2015, approximately $26.7 million was available for future purchase under this share repurchase program.  Share repurchases were recorded as treasury stock and resulted in a reduction of stockholders’ equity.   The program is intended to reduce the number of outstanding shares of Common Stock to offset dilution from employee equity grants and increase stockholder value.