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Derivative Financial Instruments (Tables)
 9 Months Ended
Dec. 28, 2013
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Forward currency exchange contracts outstanding
As of December 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)
December 28, 2013

March 30, 2013
Singapore Dollar
$
61,031


$
70,197

Euro
44,433


39,865

Indian Rupee
17,457


16,941

British Pound
10,811


11,602

Japanese Yen
9,057


10,891


$
142,789


$
149,496
Derivative Instruments Located on Condensed Consolidated Balance Sheet
The Company had the following derivative instruments (forward foreign currency exchange contracts) as of December 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
December 28, 2013
Prepaid expenses and other current assets
 
$
2,396


Other accrued liabilities
 
$
1,924

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 third quarter and the first nine months of fiscal 2014 and 2013:


Three Months Ended
 
Nine Months Ended
(In thousands)
December 28, 2013

December 29, 2012
 
December 28, 2013

December 29, 2012
Amount of gain (loss) recognized in other comprehensive income on derivative (effective portion of cash flow hedging)
$
(355
)

$
(683
)
 
$
1,585


$
4,822

 
 

 
 




Amount of gain (loss) reclassified from
accumulated other comprehensive income into income
(effective portion) *
$
(259
)

$
(19
)
 
$
1,836


$
(3,011
)

 

 
 





Amount of gain (loss) recorded (ineffective portion) *
$
5


$
(3
)
 
$
11


$
4


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