Derivative Financial Instruments (Tables)

12 Months Ended

Mar. 31, 2018

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Forward currency exchange contracts outstanding

As of March 31, 2018 and April 1, 2017, the Company had the following outstanding forward currency exchange contracts (in notional amount), which were derivative financial instruments:

(In thousands and U.S. dollars)	March 31, 2018		April 1, 2017
Singapore Dollar	$	24,914	$	22,012
Euro	38,987		18,553
Indian Rupee	62,472		31,121
British Pound	8,155		10,813
Japanese Yen	3,859		3,757
Chinese Yuan	8,260		—
	$	146,647	$	86,256

Derivative Instruments Located on Condensed Consolidated Balance Sheet

The Company had the following derivative instruments as of March 31, 2018 and April 1, 2017, 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
March 31, 2018	Prepaid expenses and other current assets	$	2,922	Other accrued liabilities	$	12
April 1, 2017	Prepaid expenses and other current assets	2,424		Other accrued liabilities	763

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 2018 and 2017:

	Foreign Exchange Contracts
	Years End
(In thousands)	March 31, 2018			April 1, 2017
Amount of gains recognized in other comprehensive income on derivative (effective portion of cash flow hedging)	$	862		$	405
Amount of gain/(losses) reclassified from accumulated other comprehensive income into income (effective portion) *	4,655			(1,701		)
Amount of (losses)/gains recorded (ineffective portion) *	(14		)	31

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