RECENT ACCOUNTING PRONOUNCEMENTS

9 Months Ended

Dec. 30, 2012

RECENT ACCOUNTING PRONOUNCEMENTS

NOTE 3.       RECENT ACCOUNTING PRONOUNCEMENTS

In June 2011, the Financial Accounting Standards Board (“FASB”) issued an update to the authoritative guidance for comprehensive income. This update requires that all non-owner changes in stockholders’ equity be presented either in a single continuous statement of comprehensive income or in two separate but consecutive statements. This update is effective in fiscal years, and interim periods within those years, beginning after December 15, 2011. As a result, we have separately presented the Statements of Comprehensive Income for the three and nine months ended December 30, 2012 and January 1, 2012 as part of our unaudited condensed consolidated financial statements.