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DEBT (Tables)
 6 Months Ended
Sep. 26, 2020
Debt Disclosure [Abstract]  
Summary of Debt at Fair Value
The estimated fair value and carrying value of the Company's outstanding debt as of September 26, 2020 and March 28, 2020 were as follows:
September 26, 2020March 28, 2020
(in thousands)Fair ValueCarrying ValueFair ValueCarrying Value
5.50% Senior Notes$441,455 $488,830 $359,140 $495,409 
Term loan facility$1,053,992 $1,098,726 $852,942 $1,126,285 
The fair value of the 5.50% Senior Notes was determined based on inputs that were observable in the market, including the trading price of the 5.50% Senior Notes when available (Level 2).
Summary of Debt Redemption The Company may redeem all or a part of the 5.50% Senior Notes, upon not less than 30 or more than a 60-day notice; however, the applicable redemption price is the principal plus a premium which declines over time as specified in the applicable indenture, together with accrued and unpaid interest.