Derivative Financial Instruments (Tables)

12 Months Ended

Apr. 01, 2017

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Forward currency exchange contracts outstanding

As of April 1, 2017 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)	April 1, 2017		April 2, 2016
Singapore Dollar	$	22,012	$	26,978
Euro	18,553		19,123
Indian Rupee	31,121		23,302
British Pound	10,813		10,716
Japanese Yen	3,757		3,387
	$	86,256	$	83,506

Derivative Instruments Located on Condensed Consolidated Balance Sheet

The Company had the following derivative instruments as of April 1, 2017 and April 2, 2016, 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
April 1, 2017	Prepaid expenses and other current assets	$	2,424	Other accrued liabilities	$	763
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 consolidated statements of income for fiscal 2017 and 2016:

	Foreign Exchange Contracts
(In thousands)	2017			2016
Amount of gains recognized in other comprehensive income on derivative (effective portion of cash flow hedging)	$	405		$	7,779
Amount of losses reclassified from accumulated other comprehensive income into income (effective portion) *	$	(1,701	)	$	(7,225	)
Amount of gains recorded (ineffective portion) *	$	31		$	10

* Recorded in interest and other expense, net within the consolidated statements of income.