Derivative Financial Instruments (Tables)

3 Months Ended

Jun. 28, 2014

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Forward currency exchange contracts outstanding

As of June 28, 2014 and March 29, 2014, the Company had the following outstanding forward currency exchange contracts (in notional amount), which were derivative financial instruments:

(In thousands and U.S. dollars)	June 28, 2014		March 29, 2014
Singapore Dollar	$	60,052	$	60,551
Euro	48,558		46,062
Indian Rupee	20,919		18,631
British Pound	12,874		12,056
Japanese Yen	9,489		9,273
	$	151,892	$	146,573

Derivative Instruments Located on Condensed Consolidated Balance Sheet

The Company had the following derivative instruments as of June 28, 2014 and March 29, 2014, 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
June 28, 2014	Prepaid expenses and other current assets	$	1,986	Other accrued liabilities	$	675
March 29, 2014	Prepaid expenses and other current assets	$	2,648	Other accrued liabilities	$	935

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 first quarter of fiscal 2015 and 2014:

	Three Months Ended
(In thousands)	June 28, 2014			June 29, 2013
Amount of losses recognized in other comprehensive income on derivative (effective portion of cash flow hedging)	$	(265	)	$	(802	)
Amount of (gains) losses reclassified from accumulated other comprehensive income into income (effective portion) *	$	807		$	(706	)
Amount of gains (losses) recorded (ineffective portion) *	$	30		$	(18	)

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