FAIR VALUE MEASUREMENT OF ASSETS AND LIABILITIES (Tables)

3 Months Ended

Jun. 26, 2015

Fair Value Disclosures [Abstract]

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

The following table presents the Company’s assets and liabilities measured at fair value on a recurring basis:

	Fair Value Measurements as of June 26, 2015
	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)	$	—	$	440,274		$	—		$	440,274
Deferred purchase price receivable (Note 10)	—		—			516,287			516,287
Foreign exchange contracts (Note 8)	—		20,867			—			20,867
Deferred compensation plan assets:									0
Mutual funds, money market accounts and equity securities	8,809		39,162			—			47,971
Liabilities:									0
Foreign exchange contracts (Note 8)	$	—	$	(27,766	)	$	—		$	(27,766	)
Contingent consideration in connection with business acquisitions	—		—			(4,500		)	(4,500		)
	Fair Value Measurements as of March 31, 2015
	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)	$	—	$	674,859		$	—		$	674,859
Deferred purchase price receivable (Note 10)	—		—			600,672			600,672
Foreign exchange contracts (Note 8)	—		25,829			—			25,829
Deferred compensation plan assets:									0
Mutual funds, money market accounts and equity securities	9,068		37,041			—			46,109
Liabilities:									0
Foreign exchange contracts (Note 8)	$	—	$	(31,057	)	$	—		$	(31,057	)
Contingent consideration in connection with business acquisitions	—		—			(4,500		)	(4,500		)

Schedule of debt not carried at fair value

The following table presents the Company’s debt not carried at fair value:

	As of June 26, 2015				As of March 31, 2015
	Carrying Amount		Fair Value		Carrying Amount		Fair Value		Fair Value Hierarchy
	(In thousands)
Term Loan, including current portion, due in installments through August 2018	$	592,500	$	587,689	$	592,500	$	582,131	Level 1
Term Loan, including current portion, due in installments through March 2019	475,000		472,625		475,000		465,500		Level 1
4.625% Notes due February 2020	500,000		517,300		500,000		523,750		Level 1
5.000% Notes due February 2023	500,000		520,990		500,000		543,150		Level 1
4.750% Notes due June 2025	595,278		597,000		—		—		Level 1
Total	$	2,662,778	$	2,695,604	$	2,067,500	$	2,114,531