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RETIREMENT PLANS (Tables) | 12 Months Ended
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Mar. 29, 2014
Compensation and Retirement Disclosure [Abstract] |
Schedule of Components of Net Periodic Benefit Costs of Defined Benefit Pension Plans | Some of the our foreign subsidiaries have defined benefit pension plans covering substantially all full time employees at those subsidiaries. Net periodic benefit costs for the plans in the aggregate include the following components:
(In thousands) | March 29, 2014 |  | March 30, 2013 |  | March 31, 2012
Service cost | $ | 3,351 |  |  | $ | 2,759 |  |  | $ | 2,545 |
Interest cost on benefit obligation | 623 |  |  | 639 |  |  | 601 |
Expected (return)/loss on plan assets | (435 | ) |  | (413 | ) |  | 2 |
Actuarial loss/(gain) | 88 |  |  | 196 |  |  | (385 | )
Amortization of unrecognized prior service cost | 182 |  |  | (14 | ) |  | (31 | )
Amortization of unrecognized transition obligation | 47 |  |  | 48 |  |  | 221 |
Totals | $ | 3,856 |  |  | $ | 3,215 |  |  | $ | 2,953 |
Schedule of Activity Under Defined Benefit Plans | The activity under those defined benefit plans are as follows:
(In thousands) | March 29, 2014 |  | March 30, 2013
Change in Benefit Obligation: |  |  |  |  |
Benefit Obligation, beginning of year | $ | (30,126 | ) |  | $ | (27,150 | )
Service cost | (3,351 | ) |  | (2,759 | )
Interest cost | (623 | ) |  | (639 | )
Benefits paid | 4,474 |  |  | 3,210 |
Actuarial (loss)/gain | 55 |  |  | (1,364 | )
Employee and plan participants contribution | (2,963 | ) |  | (2,926 | )
Plan Amendments | 419 |  |  | — |
Foreign currency changes | (506 | ) |  | 1,502 |
Benefit obligation, end of year | $ | (32,621 | ) |  | $ | (30,126 | )
Change in Plan Assets: |  |  |  |  |
Fair value of plan assets, beginning of year | $ | 19,577 |  |  | $ | 18,185 |
Company contributions | 2,241 |  |  | 2,381 |
Benefits paid | (4,641 | ) |  | (3,210 | )
Gain/(Loss) on plan assets | 100 |  |  | 397 |
Employee and plan participants contributions | 3,087 |  |  | 2,926 |
Foreign currency changes | (383 | ) |  | (1,102 | )
Fair value of Plan Assets, end of year | $ | 19,981 |  |  | $ | 19,577 |
Funded Status | $ | (12,640 | ) |  | $ | (10,549 | )
Unrecognized net actuarial loss/(gain) | 5,899 |  |  | 5,418 |
Unrecognized initial obligation | 94 |  |  | 184 |
Unrecognized prior service cost | (422 | ) |  | 138 |
Net amount recognized | $ | (7,069 | ) |  | $ | (4,809 | )
Schedule of Components of Change Recorded in Accumulated Other Comprehensive Income Related to Defined Benefit Plans, Net of Tax | The components of the change recorded in our accumulated other comprehensive income related to our defined benefit plans, net of tax, are as follows (in thousands):
Balance, April 2, 2011 | $ | (265 | )
Obligation at transition | 30 |
Actuarial loss | (3,701 | )
Prior service cost | (317 | )
Balance as of March 31, 2012 | $ | (4,253 | )
Obligation at transition | 556 |
Actuarial loss | (1,237 | )
Prior service cost | (139 | )
Balance as of March 30, 2013 | $ | (5,073 | )
Obligation at transition | 172 |
Actuarial loss | (129 | )
Prior service cost | 438 |
Balance as of March 29, 2014 | $ | (4,592 | )
Schedule of Weighted Average Rates Used to Determine Net Periodic Benefit Costs | The fair values of shares purchased under the Employee Stock Purchase Plan are estimated using the Black-Scholes single option-pricing model with the following weighted average assumptions:
| March 29, 2014 |  | March 30, 2013 |  | March 31, 2012
Volatility | 22.9 | % |  | 24.9 | % |  | 26.3 | %
Expected life (months) | 6 |  |  | 6 |  |  | 6 |
Risk-free interest rate | 0.1 | % |  | 0.2 | % |  | 1.0 | %
Dividend Yield | 0.0 | % |  | 0.0 | % |  | 0.0 | %
The weighted average rates used to determine the net periodic benefit costs and projected benefit obligations were as follows:
| March 29, 2014 |  | March 30, 2013 |  | March 31, 2012
Discount rate | 2.02 | % |  | 1.97 | % |  | 2.40 | %
Rate of increased salary levels | 1.57 | % |  | 1.42 | % |  | 1.50 | %
Expected long-term rate of return on assets | 1.94 | % |  | 1.92 | % |  | 2.10 | %
Schedule of Estimated Future Benefit Payments | Estimated future benefit payments during the next five years and in the aggregate for the five fiscal years thereafter, are as follows (in thousands):
Expected Benefit Payments |  |
Fiscal Year 2015 | $ | 2,023 |
Fiscal Year 2016 | $ | 1,897 |
Fiscal Year 2017 | $ | 1,907 |
Fiscal Year 2018 | $ | 1,578 |
Fiscal Year 2019 | $ | 1,645 |
Fiscal Year 2020-2024 | $ | 8,295 |

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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=21915506&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=21915506&loc=d3e1928-114920 + Details
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- Definition Tabular disclosure of benefits expected to be paid by pension plans and/or other employee benefit plans in each of the next five fiscal years and in the aggregate for the five fiscal years thereafter. + 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 (f) -URI http://asc.fasb.org/extlink&oid=21915506&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=21915506&loc=d3e1928-114920 + Details
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- Definition Tabular disclosure of net funded status of pension plans and/or other employee benefit plans. + 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=21915506&loc=d3e1928-114920 + Details
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