Share-Based Compensation (Tables)

12 Months Ended

Mar. 28, 2015

The following table summarizes the share options activity during Fiscal 2015, and information about options outstanding at March 28, 2015:


	Number of Options			Weighted Average Exercise price		Weighted Average Remaining Contractual Life (years)		Aggregate Intrinsic Value (in thousands)
Outstanding at March 29, 2014		8,377,928		$	13.69
Granted		810,063		$	90.56
Exercised		(1,782,246	)	$	8.69
Canceled/forfeited		(218,742	)	$	28.05

Outstanding at March 28, 2015		7,187,003		$	23.14		5.37	$	333,870

Vested or expected to vest at March 28, 2015		7,102,610		$	23.14		5.37

Vested and exercisable at March 28, 2015		3,365,746		$	12.61		4.89	$	182,984

The following table represents assumptions used to estimate the fair value of options:


	Fiscal Years Ended
	March 28, 2015			March 29, 2014			March 30, 2013
Expected dividend yield		0.0	%		0.0	%		0.0	%
Volatility factor		33.2	%		46.0	%		48.5	%
Weighted average risk-free interest rate		1.5	%		1.0	%		0.6	%
Expected life of option		4.75 years			4.75 years			4.75 years

The following table summarizes restricted share activity under the 2012 Plan during Fiscal 2015:


	Restricted Shares
	Number of Unvested Restricted Shares			Weighted Average Grant Date Fair Value
Unvested at March 29, 2014		657,853		$	38.38
Granted		436,317		$	90.46
Vested		(288,599	)	$	32.52
Canceled/forfeited		(34,979	)	$	69.94

Unvested at March 28, 2015		770,592		$	68.77

The following table summarizes the RSU activity under the 2012 Plan during Fiscal 2015:


	Service-based					Performance-based
	Number of Restricted Share Units			Weighted Average Grant Date Fair Value		Number of Restricted Share Units			Weighted Average Grant Date Fair Value
Unvested at March 29, 2014		36,701		$	40.83		163,077		$	62.24
Granted		20,409		$	74.42		155,570		$	91.70
Vested		(11,770	)	$	38.06		—		$	—
Canceled/forfeited		(9,400	)	$	20.00		(1,446	)	$	62.24

Unvested at March 28, 2015		35,940		$	66.26		317,201		$	76.69