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SUPPLEMENTARY FINANCIAL INFORMATION (UNAUDITED) (Tables)
12 Months Ended
Apr. 03, 2016
Quarterly Financial Information Disclosure [Abstract]  
Schedule of Quarterly Financial Information
QUARTERLY RESULTS OF OPERATIONS
(in thousands, except per share data) 
 
Fiscal Year Ended April 3, 2016
 
First
Quarter
 
Second
Quarter
 
Third
Quarter (3)
 
Fourth
Quarter (3)(4)
Revenues
$
160,907

 
$
169,498

 
$
177,610

 
$
189,361

Gross profit
99,234

 
106,546

 
107,911

 
107,963

Net income from continuing operations
38,720

 
42,423

 
32,545

 
81,611

Net loss from discontinued operations
(562
)
 

 

 

Net income
38,158

 
42,423

 
32,545

 
81,611

 
 
 
 
 
 
 
 
Basic net income per share – continuing operations
$
0.26

 
$
0.29

 
$
0.23

 
$
0.61

Basic net income per share
$
0.26

 
$
0.29

 
$
0.23

 
$
0.61

 
 
 
 
 
 
 
 
Diluted net income per share – continuing operations
$
0.25

 
$
0.28

 
$
0.22

 
$
0.59

Diluted net income per share
$
0.25

 
$
0.28

 
$
0.22

 
$
0.59

 
 
Fiscal Year Ended March 29, 2015
 
First
Quarter (1)
 
Second
Quarter (2)
 
Third
Quarter (2)
 
Fourth
Quarter
Revenues
$
126,302

 
$
137,093

 
$
151,160

 
$
158,350

Gross profit
74,009

 
81,876

 
91,364

 
98,055

Net income from continuing operations
17,111

 
24,246

 
32,841

 
40,383

Net income (loss) from discontinued operations
4,732

 
(9,804
)
 
(14,483
)
 
(1,117
)
Net income
21,843

 
14,442

 
18,358

 
39,266

 
 
 
 
 
 
 
 
Basic net income per share – continuing operations
$
0.11

 
$
0.16

 
$
0.22

 
$
0.27

Basic net income (loss) per share – discontinued operations
$
0.04

 
$
(0.06
)
 
$
(0.10
)
 
$
(0.01
)
Basic net income per share
$
0.15

 
$
0.10

 
$
0.12

 
$
0.26

 
 
 
 
 
 
 
 
Diluted net income per share – continuing operations
$
0.11

 
$
0.16

 
$
0.21

 
$
0.26

Diluted net income (loss) per share – discontinued operations
$
0.03

 
$
(0.07
)
 
$
(0.09
)
 
$
(0.01
)
Diluted net income per share
$
0.14

 
$
0.09

 
$
0.12

 
$
0.25

 
(1) In the first quarter of fiscal 2015, the Company recorded a gain of $16.8 million in net income from discontinued operations related to the divestiture of the Alvand portion of its HSC business.
(2) In the second quarter of fiscal 2015, the Company recorded $6.8 million of minimum statutory benefits to discontinued operations with regards to a workforce-reduction plan that covered certain employees of its HSC business in France and the Netherlands. In the third quarter of fiscal 2015, the Company recorded $11.9 million of restructuring charges to discontinued operations in addition to the minimum statutory amount recognized in the previous quarter.
(3) In the third quarter of fiscal 2016, the Company completed the acquisition of ZMDI. The results of operations of the ZMDI business have been included for the period of December 7, 2015 to April 3, 2016.
(4) In the fourth quarter of fiscal 2016, the Company recorded a tax benefit of $61.7 million from the release of a valuation allowance.  Based on significant positive evidence which overcame prior negative evidence, the Company concluded that it was appropriate to release the valuation allowance against its deferred tax assets, with the exception of  deferred tax assets related to certain foreign and state jurisdictions.