FAIR VALUE MEASUREMENT OF ASSETS AND LIABILITIES (Tables)

3 Months Ended

Jul. 01, 2016

Fair Value Disclosures [Abstract]

Schedule of business acquisitions by acquisition, contingent consideration

The following table summarizes the activities related to contingent consideration:

	Three-Month Periods Ended
	July 1, 2016		June 26, 2015
	(In thousands)
Beginning balance	$	73,423	$	4,500
Additions to accrual	—		—
Payments	—		—
Fair value adjustments	1,835		—
Ending balance	$	75,258	$	4,500

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 July 1, 2016
	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)	$	—	$	896,031		$	—		$	896,031
Deferred purchase price receivable (Note 8)	—		—			460,334			460,334
Foreign exchange contracts (Note 6)	—		17,389			—			17,389
Deferred compensation plan assets:									0
Mutual funds, money market accounts and equity securities	8,504		41,455			—			49,959
Liabilities:									0
Foreign exchange contracts (Note 6)	$	—	$	(11,858	)	$	—		$	(11,858	)
Contingent consideration in connection with business acquisitions	—		—			(75,258		)	(75,258		)
	Fair Value Measurements as of March 31, 2016
	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)	$	—	$	1,074,132		$	—		$	1,074,132
Deferred purchase price receivable (Note 8)	—		—			501,097			501,097
Foreign exchange contracts (Note 6)	—		22,648			—			22,648
Deferred compensation plan assets:									0
Mutual funds, money market accounts and equity securities	9,228		40,556			—			49,784
Liabilities:									0
Foreign exchange contracts (Note 6)	$	—	$	(21,091	)	$	—		$	(21,091	)
Contingent consideration in connection with business acquisitions	—		—			(73,423		)	(73,423		)

Schedule of debt not carried at fair value

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

	As of July 1, 2016				As of March 31, 2016
	Carrying Amount		Fair Value		Carrying Amount		Fair Value		Fair Value Hierarchy
	(In thousands)
Term Loan, including current portion, due in installments through August 2018	$	573,750	$	567,295	$	577,500	$	573,533	Level 1
Term Loan, including current portion, due in installments through March 2019	536,250		527,536		547,500		542,709		Level 1
4.625% Notes due February 2020	500,000		523,650		500,000		524,735		Level 1
5.000% Notes due February 2023	500,000		524,296		500,000		507,500		Level 1
4.750% Notes due June 2025	595,684		613,950		595,589		604,926		Level 1
Total	$	2,705,684	$	2,756,727	$	2,720,589	$	2,753,403