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Derivative Financial Instruments (Tables)
 6 Months Ended
Sep. 27, 2014
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Forward currency exchange contracts outstanding
As of September 27, 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)
September 27, 2014
 
March 29, 2014
Singapore Dollar
$
57,116

 
$
60,551

Euro
45,718

 
46,062

Indian Rupee
22,504

 
18,631

British Pound
13,842

 
12,056

Japanese Yen
9,295

 
9,273

 
$
148,475

 
$
146,573
Derivative Instruments Located on Condensed Consolidated Balance Sheet
The Company had the following derivative instruments as of September 27, 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
September 27, 2014
Prepaid expenses and other current assets
$
643

 
Other accrued liabilities
$
4,170

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 the second quarter and the first six months of fiscal 2015 and 2014:

 
Three Months Ended
 
Six Months Ended
(In thousands)
September 27, 2014
 
September 28, 2013
 
September 27, 2014
 
September 28, 2013
Amount of gains (losses) recognized in other comprehensive income on derivative (effective portion of cash flow hedging)
$
(3,838
)
 
$
2,742

 
$
(4,123
)
 
$
1,940


 
 
 
 

 

Amount of (gains) losses reclassified from accumulated other comprehensive income into income (effective portion) *
$
(211
)
 
$
1,389

 
$
(1,018
)
 
$
2,095


 
 
 
 

 

Amount of gains (losses) recorded (ineffective portion) *
$
(43
)
 
$
24

 
$
(13
)
 
$
7


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