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CAPITAL STOCK (Tables)

12 Months Ended

Apr. 02, 2016

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

Schedule of Stock-Based Compensation Cost

Compensation cost related to stock-based transactions is recognized in the consolidated financial statements based on fair value. The total amount of stock-based compensation expense, which is recorded on a straight line basis, was as follows:

(In thousands)	2016			2015			2014
Selling, general and administrative expenses	$5,183			$11,251			$10,507
Research and development	1,060			1,706			1,545
Cost of goods sold	706			1,138			1,030
	$6,949			$14,095			$13,082

Schedule of Summary of Stock Option Activity

A summary of stock option activity for the fiscal year ended April 2, 2016 is as follows:

	Options Outstanding (shares)			Weighted Average Exercise Price per Share				Weighted Average Remaining Life (years)		Aggregate Intrinsic Value ($000’s)
Outstanding at March 28, 2015	3,761,666			$	33.90			4.02		$	37,067
Granted	409,047			32.50
Exercised	(491,546	)		28.55
Forfeited/Canceled	(727,984	)		37.98
Outstanding at April 2, 2016	2,951,183			$	33.59			3.34		$	9,684
Exercisable at April 2, 2016	2,288,166			$	33.22			2.59		$	8,428
Vested or expected to vest at April 2, 2016	2,847,285			$	33.56			3.21		$	9,432

Schedule of Assumptions Utilized for Estimating Fair Value of Option Grants

The assumptions utilized for option grants during the periods presented are as follows:

	April 2, 2016				March 28, 2015				March 29, 2014
Volatility	22.8		%		22.5		%		24.8		%
Expected life (years)	4.9				4.9				4.9
Risk-free interest rate	1.4		%		1.5		%		1.3		%
Dividend yield	0.0		%		0.0		%		0.0		%
Fair value per option	$	7.40			$	7.91			$	10.15

Schedule of Assumptions Used, Other than Options

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:

	April 2, 2016			March 28, 2015			March 29, 2014
Volatility	21.1	%		23.7	%		22.9	%
Expected life (months)	6			6			6
Risk-free interest rate	0.2	%		0.1	%		0.1	%
Dividend Yield	0.0	%		0.0	%		0.0	%

The weighted-average grant-date fair value of RSUs granted and total fair value of RSUs vested were as follows:

(In thousands, except per share data)	April 2, 2016				March 28, 2015				March 29, 2014
Grant-date fair value per RSU	$	33.19			$	34.89			$	42.24
Fair value of RSUs vested	$	36.07			$	36.62			$	32.70

The Company uses the Monte Carlo model to determine the fair value of each market stock unit. The assumptions used in the Monte Carlo model for MSUs granted during each year were as follows:

	April 2, 2016			March 28, 2015			March 29, 2014
Volatility	24.0	%		21.2	%		20.2	%
Expected life (years)	1.7			2.8			3.7
Risk-free interest rate	0.5	%		0.8	%		0.9	%
Dividend yield	0.0	%		0.0	%		0.0	%

The assumptions used in the Monte Carlo model for PSUs granted during each year were as follows:

	April 2, 2016			March 28, 2015
Expected stock price volatility	22.27	%		20.08	%
Peer group stock price volatility	31.95	%		31.52	%
Correlation of returns	26.27	%		30.52	%

The weighted average rates used to determine the net periodic benefit costs and projected benefit obligations were as follows:

	April 2, 2016			March 28, 2015			March 29, 2014
Discount rate	0.72	%		0.93	%		2.02	%
Rate of increased salary levels	1.58	%		1.65	%		1.57	%
Expected long-term rate of return on assets	1.20	%		1.68	%		1.94	%

Schedule of Summary of Restricted Stock Units Activity

The fair market value of RSUs is determined based on the market value of the Company’s shares on the date of grant.

A summary of RSU activity for the fiscal year ended April 2, 2016 is as follows:

	Shares			Weighted Average Grant Date Fair Value
Unvested at March 28, 2015	357,547			$	36.73
Granted	278,260			33.19
Vested	(112,333	)		36.07
Forfeited	(142,603	)		36.72
Unvested at April 2, 2016	380,871			$	34.33

Schedule of Performance Share Unit awards

A summary of PSU activity for the fiscal year ended April 2, 2016 is as follows:

	Shares			Weighted Average Grant Date Fair Value
Unvested at March 28, 2015	129,130			$	35.09
Granted	80,145			29.20
Vested	—			—
Forfeited	(106,939	)		34.22
Unvested at April 2, 2016	102,336			$	31.38

Schedule of Market Stock Units Award Activity

A summary of MSU activity for the fiscal year ended April 2, 2016 is as follows:

	Shares			Weighted Average Grant Date Fair Value
Unvested at March 28, 2015	287,682			$	33.90
Granted	33,550			10.21
Vested	—			—
Forfeited	(168,264	)		37.42
Unvested at April 2, 2016	152,968			$	24.84

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