Common Stock and Stock Plans (Tables)

12 Months Ended

Apr. 04, 2014

Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]

Summary of Stock-based Compensation Expense

Total stock-based compensation expense recognized in accordance with the authoritative guidance for share-based payments was as follows:

	Fiscal Years Ended
	April 4, 2014			March 29, 2013			March 30, 2012
	(In thousands)
Stock-based compensation expense before taxes	$	33,639		$	27,035		$	21,382
Related income tax benefits		(12,685	)		(10,213	)		(8,010	)
Stock-based compensation expense, net of taxes	$	20,954		$	16,822		$	13,372

Summary of Employee Stock Options and Employee Stock Purchase Plan Weighted Average Assumptions

The weighted average estimated fair value of employee stock options granted and employee stock purchase plan shares issued during fiscal year 2014 was $23.03 and $16.32 per share, respectively, during fiscal year 2013 was $13.96 and $9.02 per share, respectively, and during fiscal year 2012 was $17.36 and $11.74 per share, respectively, using the Black-Scholes model with the following weighted average assumptions (annualized percentages):

	Employee Stock Options									Employee Stock Purchase Plan
	Fiscal Year 2014			Fiscal Year 2013			Fiscal Year 2012			Fiscal Year 2014			Fiscal Year 2013			Fiscal Year 2012
Volatility		40.2	%		41.2	%		41.4	%		34.3	%		30.0	%		38.4	%
Risk-free interest rate		1.3	%		0.7	%		0.9	%		0.1	%		0.1	%		0.1	%
Dividend yield		0.0	%		0.0	%		0.0	%		0.0	%		0.0	%		0.0	%
Expected life		5.5 years			5.5 years			5.5 years			0.5 years			0.5 years			0.5 years

Summary of Employee Stock Option Activity

A summary of employee stock option activity for fiscal year 2014 is presented below:

	Number of Shares			Weighted Average Exercise Price per Share		Weighted Average Remaining Contractual Term in Years		Aggregate Intrinsic Value (In thousands)
Outstanding at March 29, 2013		2,429,664		$	28.69
Options granted		363,750			59.71
Options canceled		—			—
Options exercised		(592,971	)		21.77
Outstanding at April 4, 2014		2,200,443		$	35.68		2.70	$	65,164
Vested and exercisable at April 4, 2014		1,446,858		$	28.51		1.65	$	53,179

Summary of Transactions Related to Company's Stock Options

Transactions related to the Company’s stock options are summarized as follows:

	Number of Shares			Weighted Average Exercise Price per Share
Outstanding at April 1, 2011		3,839,468		$	22.66
Options granted		368,000			44.73
Options canceled		(10,200	)		32.11
Options exercised		(795,634	)		18.45
Outstanding at March 30, 2012		3,401,634			26.00
Options granted		290,700			36.46
Options canceled		(84,097	)		40.59
Options exercised		(1,178,573	)		21.99
Outstanding at March 29, 2013		2,429,664			28.69
Options granted		363,750			59.71
Options canceled		—			—
Options exercised		(592,971	)		21.77
Outstanding at April 4, 2014		2,200,443		$	35.68

Summary of Restricted Stock Unit Activity

A summary of restricted stock unit activity for fiscal year 2014 is presented below:

	Number of Restricted Stock Units			Weighted Average Grant Date Fair Value per Share
Outstanding at March 29, 2013		1,785,664		$	38.29
Awarded		752,423			61.52
Forfeited		(41,131	)		42.70
Released		(654,020	)		64.37
Outstanding at April 4, 2014		1,842,936		$	47.97
Vested and deferred at April 4, 2014		120,351		$	29.89

Summary of Transactions Related to Company's Restricted Stock Units

Transactions related to the Company’s restricted stock units are summarized as follows:

	Number of Restricted Stock Units
Outstanding at April 1, 2011		1,549,463
Awarded		684,692
Forfeited		(36,474	)
Released		(472,311	)
Outstanding at March 30, 2012		1,725,370
Awarded		732,009
Forfeited		(59,482	)
Released		(612,233	)
Outstanding at March 29, 2013		1,785,664
Awarded		752,423
Forfeited		(41,131	)
Released		(654,020	)
Outstanding at April 4, 2014		1,842,936