Derivative Financial Instruments (Tables)

6 Months Ended

Sep. 28, 2013

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Forward currency exchange contracts outstanding

As of September 28, 2013 and March 30, 2013, the Company had the following outstanding forward currency exchange contracts (in notional amount), which are derivative financial instruments:

(In thousands and U.S. dollars)	September 28, 2013		March 30, 2013
Singapore Dollar	$	62,688	$	70,197
Euro	40,200		39,865
Indian Rupee	14,573		16,941
British Pound	9,599		11,602
Japanese Yen	9,578		10,891
	$	136,638	$	149,496

Derivative Instruments Located on Condensed Consolidated Balance Sheet

The Company had the following derivative instruments (forward foreign currency exchange contracts) as of September 28, 2013 and March 30, 2013, located on the condensed consolidated balance sheet, utilized for risk management purposes detailed above:

	Foreign Exchange Contracts
	Asset Derivatives			Liability Derivatives
(In thousands)	Balance Sheet Location	Fair Value		Balance Sheet Location	Fair Value
September 28, 2013	Prepaid expenses and other current assets	$	2,422	Other accrued liabilities	$	1,910
March 30, 2013	Prepaid expenses and other current assets	$	1,179	Other accrued liabilities	$	2,794

Effect Of Derivative Instruments On Condensed Consolidated Statements Of Income

The following table summarizes the effect of derivative instruments on the condensed consolidated statements of income for second quarter and the first six months of fiscal 2014 and 2013:

	Three Months Ended						Six Months Ended
(In thousands)	September 28, 2013			September 29, 2012			September 28, 2013			September 29, 2012
Amount of gain recognized in other comprehensive income on derivative (effective portion of cash flow hedging)	$	2,742		$	7,968		$	1,940		$	5,505
Amount of loss reclassified from accumulated other comprehensive income into income (effective portion) *	$	(1,389	)	$	(1,833	)	$	(2,095	)	$	(2,992	)
Amount of gain recorded (ineffective portion) *	$	24		$	8		$	7		$	7

* Recorded in Interest and Other Expense location within the condensed consolidated statements of income