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Derivative Financial Instruments (Tables)
 9 Months Ended
Dec. 27, 2014
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Forward currency exchange contracts outstanding
As of December 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)
December 27, 2014
 
March 29, 2014
Singapore Dollar
$
53,462

 
$
60,551

Euro
41,202

 
46,062

Indian Rupee
21,152

 
18,631

British Pound
13,287

 
12,056

Japanese Yen
7,805

 
9,273

 
$
136,908

 
$
146,573
Derivative Instruments Located on Condensed Consolidated Balance Sheet
The Company had the following derivative instruments as of December 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
December 27, 2014
Prepaid expenses and other current assets
$
176

 
Other accrued liabilities
$
6,629

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 third quarter and the first nine months of fiscal 2015 and 2014:

 
Three Months Ended
 
Nine Months Ended
(In thousands)
December 27, 2014
 
December 28, 2013
 
December 27, 2014
 
December 28, 2013
Amount of gains (losses) recognized in other comprehensive income on derivative (effective portion of cash flow hedging)
$
(2,110
)
 
$
(355
)
 
$
(6,189
)
 
$
1,585


 
 
 
 

 

Amount of (gains) losses reclassified from accumulated other comprehensive income into income (effective portion) *
$
1,786

 
$
(259
)
 
$
768

 
$
1,836


 
 
 
 

 

Amount of gains (losses) recorded (ineffective portion) *
$
(3
)
 
$
5

 
$
(16
)
 
$
11


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