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Share-Based Compensation (Tables)
 9 Months Ended
Dec. 30, 2017
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Schedule of Share-based Compensation Activity
The following table summarizes the Company’s share-based compensation activity during the nine months ended December 30, 2017:
 
Options
 
Restricted Shares
 
Service-Based RSUs
 
Performance-Based RSUs
Outstanding/Unvested at April 1, 2017
4,791,045

 
185,425

 
1,470,767

 
401,777

Granted
208,264

 
—

 
1,325,307

 
139,562

Exercised/Vested
(494,926
)
 
(113,999
)
 
(400,057
)
 
(81,212
)
Decrease due to performance condition
—

 
—

 
—

 
(12,891
)
Canceled/forfeited
(75,167
)
 
(6,060
)
 
(189,305
)
 
—

Outstanding/Unvested at December 30, 2017
4,429,216

 
65,366

 
2,206,712

 
447,236
Assumptions Used to Estimate Fair Value of Options
The following table presents assumptions used to estimate the fair value of options granted during the nine months ended December 30, 2017 and December 31, 2016:
 
Nine Months Ended
 
December 30
2017
 
December 31
2016
Expected dividend yield
0.0
%
 
0.0
%
Volatility factor
36.3
%
 
30.1
%
Weighted average risk-free interest rate
1.8
%
 
1.1
%
Expected life of option
4.69 years

 
4.75 years
Summary of Compensation Expense Attributable to Share-Based Compensation
The following table summarizes compensation expense attributable to share-based compensation for the three and nine months ended December 30, 2017 and December 31, 2016 (in millions):
 
Three Months Ended
 
Nine Months Ended
 
December 30,
2017
 
December 31,
2016
 
December 30,
2017
 
December 31,
2016
Share-based compensation expense
$
8.5

 
$
5.3

 
$
29.6

 
$
26.7

Tax (deficit) benefits related to share-based compensation expense (1)
$
(0.6
)
 
$
1.6

 
$
6.2

 
$
9.1


________________________
(1) 
Due to the reduction in the corporate tax rate introduced by the Tax Act enacted on December 22, 2017 (see Note 2 for additional information), the Company has realized a net tax deficit during the three months ended December 30, 2017, as the benefit of the tax deduction was revalued to the lower tax rate during this period.