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Goodwill
12 Months Ended
Apr. 01, 2012
Goodwill and Intangible Assets [Abstract]  
Goodwill

Note 8. Goodwill

As of April 1, 2012 and April 3, 2011, the Company’s recorded balance of goodwill was $111.0 million and $119.7 million, respectively. The Company assesses its goodwill for impairment on an annual basis and when events or changes in circumstances indicate a potential impairment may exist. During the annual goodwill impairment test, the Company completed step one and determined that there was no impairment of goodwill since the fair value (based on quoted market price) of the reporting unit exceeded its carrying value.

In connection with the sale of the IB Business, the Company allocated $8.7 million of the carrying value of its goodwill to the IB Business and wrote off this amount as part of the divestiture. The allocated amount was determined on a pro rata basis based on the consideration received from the sale of the IB Business and the fair value of the reporting unit as of the date the IB Business was sold. As a result of the divestiture, the Company performed an additional impairment test and determined that there was no impairment of goodwill since the fair value (based on quoted market price) of the reporting unit exceeded its carrying value on the date of the sale.