FAIR VALUE MEASUREMENT OF ASSETS AND LIABILITIES (Tables)

6 Months Ended

Sep. 25, 2015

Fair Value Disclosures [Abstract]

Schedule of business acquisitions by acquisition, contingent consideration

he following table summarizes the activities related to contingent consideration:

	Three-Month Periods Ended				Six-Month Periods Ended
	September 25, 2015		September 26, 2014		September 25, 2015		September 26, 2014
	(In thousands)
Beginning balance	$	4,500	$	11,300	$	4,500	$	11,300
Additions to accrual	—		4,500		—		4,500
Payments	—		—		—		—
Fair value adjustments	—		—		—		—
Ending balance	$	4,500	$	15,800	$	4,500	$	15,800

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 September 25, 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)	$	—	$	447,217		$	—		$	447,217
Deferred purchase price receivable (Note 10)	—		—			537,619			537,619
Foreign exchange contracts (Note 8)	—		19,626			—			19,626
Deferred compensation plan assets:									0
Mutual funds, money market accounts and equity securities	8,939		37,676			—			46,615
Liabilities:									0
Foreign exchange contracts (Note 8)	$	—	$	(26,504	)	$	—		$	(26,504	)
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 September 25, 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	$	588,750	$	586,177	$	592,500	$	582,131	Level 1
Term Loan, including current portion, due in installments through March 2019	468,750		466,992		475,000		465,500		Level 1
4.625% Notes due February 2020	500,000		520,625		500,000		523,750		Level 1
5.000% Notes due February 2023	500,000		502,750		500,000		543,150		Level 1
4.750% Notes due June 2025	595,402		585,000		—		—		Level 1
Total	$	2,652,902	$	2,661,544	$	2,067,500	$	2,114,531