FAIR VALUE MEASUREMENT OF ASSETS AND LIABILITIES (Tables)

6 Months Ended

Sep. 26, 2014

FAIR VALUE MEASUREMENT OF ASSETS AND LIABILITIES

Summary of activities related to contingent consideration

	Three-Month Periods Ended					Six-Month Periods Ended
	September 26, 2014		September 27, 2013			September 26, 2014		September 27, 2013
	(In thousands)
Beginning balance	$	11,300	$	19,000		$	11,300	$	25,000
Additions to accrual	4,500		—			4,500		—
Fair value adjustments	—		(3,000		)	—		(9,000		)
Ending balance	$	15,800	$	16,000		$	15,800	$	16,000

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

	Fair Value Measurements as of September 26, 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)	$	—	$	528,169		$	—		$	528,169
Deferred purchase price receivable (Note 9)	—		—			426,057			426,057
Foreign exchange forward contracts (Note 7)	—		25,951			—			25,951
Deferred compensation plan assets:
Mutual funds, money market accounts and equity securities	9,216		37,245			—			46,461
Liabilities:
Foreign exchange forward contracts (Note 7)	$	—	$	(18,912	)	$	—		$	(18,912	)
Contingent consideration in connection with business acquisitions	—		—			(15,800		)	(15,800		)

	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 September 26, 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	$	585,750	$	600,000	$	591,750	Level 1
Term Loan, including current portion, due in installments through March 2019	493,750		484,803		500,000		497,190		Level 1
4.625% Notes due February 2020	500,000		502,510		500,000		504,688		Level 1
5.000% Notes due February 2023	500,000		505,000		500,000		517,650		Level 1
Total	$	2,093,750	$	2,078,063	$	2,100,000	$	2,111,278