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Postretirement Benefit Plans (Tables) | 12 Months Ended
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Mar. 31, 2018
Retirement Benefits [Abstract] |
Schedule of Net Funded Status | The following tables set forth the benefit obligation, the fair value of plan assets, and the funded status of the Scheme (in thousands):
|  | March 31, 2018 |  | March 25, 2017
Change in benefit obligation: |  |  |  |
Beginning balance |  | $ | 21,123 |  |  | $ | 23,968 |
Interest cost |  | 651 |  |  | 759 |
Plan settlements |  | — |  |  | (4,517 | )
Benefits paid and expenses |  | (312 | ) |  | (264 | )
Change in foreign currency exchange rate |  | 2,869 |  |  | (2,763 | )
Actuarial (gain) / loss |  | 16,270 |  |  | 3,940 |
Total benefit obligation ending balance |  | 40,601 |  |  | 21,123 |
Change in plan assets: |  |  |  |
Beginning balance |  | 22,143 |  |  | 25,688 |
Actual return on plan assets |  | 2,700 |  |  | 3,933 |
Employer contributions |  | 12,877 |  |  | 990 |
Plan settlements |  | — |  |  | (5,243 | )
Change in foreign currency exchange rate |  | 3,193 |  |  | (2,961 | )
Benefits paid and expenses |  | (312 | ) |  | (264 | )
Fair value of plan assets ending balance |  | 40,601 |  |  | 22,143 |
Funded status of Scheme at end of year |  | $ | — |  |  | $ | 1,020 |
Schedule of Net Benefit Costs | The components of the Company’s net periodic pension expense (income) are as follows (in thousands):
|  | Fiscal Years Ended
|  | March 31, 2018 |  | March 25, 2017 |  | March 26, 2016
Expenses |  | $ | — |  |  | $ | — |  |  | $ | 15 |
Interest cost |  | 651 |  |  | 759 |  |  | 821 |
Expected return on plan assets |  | (1,159 | ) |  | (1,126 | ) |  | (1,212 | )
Settlement (gain) loss |  | — |  |  | 1,063 |  |  | — |
Amortization of actuarial (gain) loss |  | — |  |  | (89 | ) |  | 49 |
|  | $ | (508 | ) |  | $ | 607 |  |  | $ | (327 | )
Schedule of Assumptions | The following weighted-average assumptions were used to determine net periodic benefit costs for the year ended March 31, 2018, March 25, 2017 and March 26, 2016:
|  | 2018 |  | 2017 |  | 2016
Discount rate |  | 2.70 | % |  | 3.60 | % |  | 3.20 | %
Expected long-term return on plan assets |  | 4.23 | % |  | 4.93 | % |  | 4.65 | %
Schedule of Fair Value of Pension Assets | The table below sets forth the fair value of our plan assets as of March 31, 2018, using the same three-level hierarchy of fair-value inputs described in Note 4 (in thousands):
|  | Quoted Prices in Active Markets for Identical Assets Level 1 |  | Significant Other Observable Inputs Level 2 |  | Significant Unobservable Inputs Level 3 |  | Total
Plan Assets: |  |  |  |  |  |  |  |
Insurance contracts |  | $ | — |  |  | $ | 40,601 |  |  | $ | — |  |  | $ | 40,601 |
The table below sets forth the fair value of our plan assets as of March 25, 2017, (in thousands):
|  | Quoted Prices in Active Markets for Identical Assets Level 1 |  | Significant Other Observable Inputs Level 2 |  | Significant Unobservable Inputs Level 3 |  | Total
Plan Assets: |  |  |  |  |  |  |  |
Cash |  | $ | 160 |  |  | $ | — |  |  | $ | — |  |  | $ | 160 |
Pension funds |  | — |  |  | 21,983 |  |  | — |  |  | 21,983 |
|  | $ | 160 |  |  | $ | 21,983 |  |  | $ | — |  |  | $ | 22,143 |
Schedule of Amounts Recognized in Other Comprehensive Income (Loss) | Amounts recognized in accumulated other comprehensive loss for the period that have not yet been recognized as components of net periodic benefit cost consist of (in thousands):
| Fiscal Year
| 2018
Net actuarial loss | $ | (14,729 | )
Accumulated other comprehensive loss, before tax | $ | (14,729 | )
Schedule of Allocation of Plan Assets | The current mix of the assets is as follows:
|  | Actual Allocation
|  | 2018 |  | 2017
Equity securities |  | — | % |  | 33 | %
Corporate bonds |  | — | % |  | 48 | %
Diversified growth |  | — | % |  | 19 | %
Insurance contracts |  | 100 | % |  | — | %
Total |  | 100 | % |  | 100 | %

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- Definition Tabular disclosure of the major categories of plan assets of pension plans and/or other employee benefit plans. This information may include, but is not limited to, the target allocation of plan assets, the fair value of each major category of plan assets, and the level within the fair value hierarchy in which the fair value measurements fall. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 1 -Subparagraph (d)(5) -URI http://asc.fasb.org/extlink&oid=82843861&loc=d3e1928-114920 + Details
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- Definition Tabular disclosure of the amounts that are recognized in the balance sheet (or statement of financial position) for pension plans and/or other employee benefit plans, showing separately the assets and current and noncurrent liabilities (if applicable) recognized. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 1 -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=82843861&loc=d3e1928-114920 + Details
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- Definition Tabular disclosure of the net gain (loss) and net prior service cost or credit recognized in other comprehensive income (loss) for the period for pension plans and/or other employee benefit plans, and reclassification adjustments of other comprehensive income (loss) for the period, as those amounts, including amortization of the net transition asset or obligation, are recognized as components of net periodic benefit cost. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 1 -Subparagraph (i) -URI http://asc.fasb.org/extlink&oid=82843861&loc=d3e1928-114920 + Details
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- Definition Tabular disclosure of the assumptions used to determine for pension plans and/or other employee benefit plans the benefit obligation and net benefit cost, including assumed discount rates, rate increase in compensation increase, and expected long-term rates of return on plan assets. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 1 -Subparagraph (k) -URI http://asc.fasb.org/extlink&oid=82843861&loc=d3e1928-114920 + Details
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- Definition Tabular disclosure of the components of net benefit costs for pension plans and/or other employee benefit plans including service cost, interest cost, expected return on plan assets, gain (loss), prior service cost or credit, transition asset or obligation, and gain (loss) recognized due to settlements or curtailments. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 1 -Subparagraph (h) -URI http://asc.fasb.org/extlink&oid=82843861&loc=d3e1928-114920 + Details
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