Derivative Financial Instruments (Tables)

12 Months Ended

Mar. 29, 2014

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Forward currency exchange contracts outstanding

As of March 29, 2014 and March 30, 2013, the Company had the following outstanding forward currency exchange contracts (in notional amount), which were derivative financial instruments:

(In thousands and U.S. dollars)	March 29, 2014		March 30, 2013
Singapore Dollar	$	60,551	$	70,197
Euro	46,062		39,865
Indian Rupee	18,631		16,941
British Pound	12,056		11,602
Japanese Yen	9,273		10,891
	$	146,573	$	149,496

Derivative Instruments Located on Condensed Consolidated Balance Sheet

The Company had the following derivative instruments as of March 29, 2014 and March 30, 2013, located on the 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
March 29, 2014	Prepaid expenses and other current assets	$	2,648	Other accrued liabilities	$	935
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 consolidated statements of income for fiscal 2014 and 2013:

	Foreign Exchange Contracts
(In thousands)	2014			2013
Amount of gains recognized in other comprehensive income on derivative (effective portion of cash flow hedging)	$	2,167		$	1,734
Amount of losses reclassified from accumulated other comprehensive income into income (effective portion) *	$	(1,707	)	$	(2,793	)
Amount of losses recorded (ineffective portion) *	$	(13	)	$	(5	)

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