FAIR VALUE MEASUREMENT OF ASSETS AND LIABILITIES (Tables)

3 Months Ended

Jun. 27, 2014

FAIR VALUE MEASUREMENT OF ASSETS AND LIABILITIES

Summary of activities related to contingent consideration

	Three-Month Periods Ended
	June 27, 2014		June 28, 2013
	(In thousands)
Beginning balance	$	11,300	$	25,000
Fair value adjustments	—		(6,000		)
Ending balance	$	11,300	$	19,000

Schedule of financial assets and liabilities measured at fair value on a recurring basis

	Fair Value Measurements as of June 27, 2014
	Level 1		Level 2			Level 3			Total
	(In thousands)
Assets:
Money market funds and time deposits (included in cash and cash equivalents of the condensed consolidated balance sheet)	$	—	$	607,202		$	—		$	607,202
Deferred purchase price receivable (Note 9)	—		—			463,124			463,124
Foreign exchange forward contracts (Note 7)	—		9,581			—			9,581
Deferred compensation plan assets:
Mutual funds, money market accounts and equity securities	9,526		38,738			—			48,264
Liabilities:
Foreign exchange forward contracts (Note 7)	$	—	$	(10,840	)	$	—		$	(10,840	)
Contingent consideration in connection with business acquisitions	—		—			(11,300		)	(11,300		)

	Fair Value Measurements as of March 31, 2014
	Level 1		Level 2			Level 3			Total
	(In thousands)
Assets:
Money market funds and time deposits (included in cash and cash equivalents of the condensed consolidated balance sheet)	$	—	$	552,928		$	—		$	552,928
Deferred purchase price receivable (Note 9)	—		—			470,908			470,908
Foreign exchange forward contracts (Note 7)	—		8,186			—			8,186
Deferred compensation plan assets:
Mutual funds, money market accounts and equity securities	9,456		36,751			—			46,207
Liabilities:
Foreign exchange forward contracts (Note 7)	$	—	$	(17,406	)	$	—		$	(17,406	)
Contingent consideration in connection with business acquisitions	—		—			(11,300		)	(11,300		)

Schedule of debt not carried at fair value

	As of June 27, 2014				As of March 31, 2014
	Carrying		Fair		Carrying		Fair		Fair Value
	Amount		Value		Amount		Value		Hierarchy
	(In thousands)
Term Loan, including current portion, due in installments through August 2018	$	600,000	$	592,500	$	600,000	$	591,750	Level 1
Term Loan, including current portion, due in installments through March 2019	500,000		492,500		500,000		497,190		Level 1
4.625% Notes due February 2020	500,000		519,000		500,000		504,688		Level 1
5.000% Notes due February 2023	500,000		520,000		500,000		517,650		Level 1
Total	$	2,100,000	$	2,124,000	$	2,100,000	$	2,111,278