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v3.19.1

Postretirement Benefit Plans (Tables) | 12 Months Ended
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Mar. 30, 2019
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 30, 2019 |  | March 31, 2018
Change in benefit obligation: |  |  |  |
Beginning balance |  | $ | 40,601 |  |  | $ | 21,123 |
Interest cost |  | — |  |  | 651 |
Plan settlements |  | (40,601 | ) |  | — |
Benefits paid and expenses |  | — |  |  | (312 | )
Change in foreign currency exchange rate |  | — |  |  | 2,869 |
Actuarial loss |  | — |  |  | 16,270 |
Total benefit obligation ending balance |  | — |  |  | 40,601 |
Change in plan assets: |  |  |  |
Beginning balance |  | 40,601 |  |  | 22,143 |
Actual return on plan assets |  | — |  |  | 2,700 |
Employer contributions |  | — |  |  | 12,877 |
Plan settlements |  | (40,601 | ) |  | — |
Change in foreign currency exchange rate |  | — |  |  | 3,193 |
Benefits paid and expenses |  | — |  |  | (312 | )
Fair value of plan assets ending balance |  | — |  |  | 40,601 |
Funded status of Scheme at end of year |  | $ | — |  |  | $ | — |
Schedule of Net Benefit Costs | The components of the Company’s net periodic pension expense (income) presented within “Research and development” expenses in the Consolidated Statements of Income are as follows (in thousands):
|  | Fiscal Years Ended
|  | March 30, 2019 |  | March 31, 2018 |  | March 25, 2017
Expenses |  | $ | — |  |  | $ | — |  |  | $ | — |
Interest cost |  | — |  |  | 651 |  |  | 759 |
Expected return on plan assets |  | — |  |  | (1,159 | ) |  | (1,126 | )
Settlement loss |  | — |  |  | — |  |  | 1,063 |
Amortization of actuarial gain |  | — |  |  | — |  |  | (89 | )
|  | $ | — |  |  | $ | (508 | ) |  | $ | 607 |
Schedule of Assumptions | The following weighted-average assumptions were used to determine net periodic benefit costs for the year ended March 30, 2019, March 31, 2018 and March 25, 2017:
|  | 2019 |  | 2018 |  | 2017
Discount rate |  | n/a |  | 2.70 | % |  | 3.60 | %
Expected long-term return on plan assets |  | n/a |  | 4.23 | % |  | 4.93 | %
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 |

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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://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 1 -Subparagraph (k) -URI http://asc.fasb.org/extlink&oid=108410482&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://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 1 -Subparagraph (h) -URI http://asc.fasb.org/extlink&oid=108410482&loc=d3e1928-114920 + Details
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