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Derivative Financial Instruments (Tables)
 9 Months Ended
Dec. 31, 2016
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Forward currency exchange contracts outstanding
As of December 31, 2016 and April 2, 2016, 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 31, 2016
 
April 2, 2016
Singapore Dollar
$
21,448

 
$
26,978

Euro
18,436

 
19,123

Indian Rupee
34,606

 
23,302

British Pound
8,429

 
10,716

Japanese Yen
3,834

 
3,387

 
$
86,753

 
$
83,506
Derivative Instruments Located on Condensed Consolidated Balance Sheet
The Company had the following derivative instruments as of December 31, 2016 and April 2, 2016, 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 31, 2016
Prepaid expenses and other current assets
$
380

 
Other accrued liabilities
$
2,133

April 2, 2016
Prepaid expenses and other current assets
$
2,161

 
Other accrued liabilities
$
1,417
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 2017 and 2016:

 
Three Months Ended
 
Nine Months Ended
(In thousands)
December 31, 2016
 
January 2, 2016
 
December 31, 2016
 
January 2, 2016
Amount of losses recognized in other comprehensive income on derivative (effective portion of cash flow hedging)
$
(2,185
)
 
$
(1,470
)
 
$
(2,229
)
 
$
(5,035
)

 
 
 
 

 

Amount of losses reclassified from accumulated other comprehensive income into income (effective portion) *
$
(875
)
 
$
(2,166
)
 
$
(1,513
)
 
$
(6,110
)

 
 
 
 

 

Amount of gains (losses) recorded (ineffective portion) *
$
23

 
$
7

 
$
31

 
$
(15
)

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