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DERIVATIVES AND FAIR VALUE MEASUREMENTS (Tables) | 6 Months Ended
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Sep. 30, 2017
Derivative Instruments and Hedging Activities Disclosure [Abstract] |
Schedule of Effect of Derivative Instruments Designated as Cash Flow Hedges and Those Not Designated as Hedging Instruments | The following table presents the effect of our derivative instruments designated as cash flow hedges and those not designated as hedging instruments under ASC 815 in our consolidated statements of income and comprehensive income for the six months ended September 30, 2017:
(In thousands) |  | Amount of (Loss) Gain Recognized in Accumulated Other Comprehensive Loss |  | Amount of (Loss) Gain Reclassified from Accumulated Other Comprehensive Loss into Earnings |  | Location in Consolidated Statements of Income and Comprehensive Income |  | Amount of Gain (Loss) Excluded from Effectiveness Testing |  | Location in Consolidated Statements of Income and Comprehensive Income
Designated foreign currency hedge contracts, net of tax |  | $ | (1,449 | ) |  | $ | (121 | ) |  | Net revenues, COGS, and SG&A |  | $ | 601 |  |  | Interest and other expense, net
Non-designated foreign currency hedge contracts |  | — |  |  | — |  |  |  |  | $ | (881 | ) |  | Interest and other expense, net
Designated interest rate swaps, net of tax |  | $ | (64 | ) |  |  |  |  | Interest and other expense, net |  |  |  |  |
Schedule of Fair Value of Derivative Instruments as They Appear in Consolidated Balance Sheets | The following tables present the fair value of our derivative instruments as they appear in our consolidated balance sheets as of September 30, 2017 and April 1, 2017:
(In thousands) |  | Location in Balance Sheet |  | As of September 30, 2017 |  | As of April 1, 2017
Derivative Assets: |  |  |  |  |  |
Designated foreign currency hedge contracts |  | Other current assets |  | $ | 1,093 |  |  | $ | 1,645 |
Non-designated foreign currency hedge contracts |  | Other current assets |  | 64 |  |  | 218 |
Designated interest rate swaps |  | Other current assets |  | — |  |  | 64 |
|  |  |  | $ | 1,157 |  |  | $ | 1,927 |
Derivative Liabilities: |  |  |  |  |  |
Designated foreign currency hedge contracts |  | Other current liabilities |  | $ | 1,611 |  |  | $ | 894 |
Non-designated foreign currency hedge contracts |  | Other current liabilities |  | 141 |  |  | 72 |
|  |  |  | $ | 1,752 |  |  | $ | 966 |
Schedule of Financial Assets and Financial Liabilities Measured at Fair Value on a Recurring Basis | Financial assets and financial liabilities measured at fair value on a recurring basis consist of the following as of September 30, 2017 and April 1, 2017.
|  | As of September 30, 2017
(In thousands) |  | Level 1 |  | Level 2 |  | Total
Assets |  |  |  |  |  |
Money market funds |  | $ | 135,763 |  |  | $ | — |  |  | $ | 135,763 |
Designated foreign currency hedge contracts |  | — |  |  | 1,093 |  |  | 1,093 |
Non-designated foreign currency hedge contracts |  | — |  |  | 64 |  |  | 64 |
|  | $ | 135,763 |  |  | $ | 1,157 |  |  | $ | 136,920 |
Liabilities |  |  |  |  |  |
Designated foreign currency hedge contracts |  | $ | — |  |  | $ | 1,611 |  |  | $ | 1,611 |
Non-designated foreign currency hedge contracts |  | — |  |  | 141 |  |  | 141 |
|  | $ | — |  |  | $ | 1,752 |  |  | $ | 1,752 |
|  | As of April 1, 2017
|  | Level 1 |  | Level 2 |  | Total
Assets |  |  |  |  |  |
Money market funds |  | $ | 80,676 |  |  | $ | — |  |  | $ | 80,676 |
Designated foreign currency hedge contracts |  | — |  |  | 1,645 |  |  | 1,645 |
Non-designated foreign currency hedge contracts |  | — |  |  | 218 |  |  | 218 |
Designated interest rate swaps |  | — |  |  | 64 |  |  | 64 |
|  | $ | 80,676 |  |  | $ | 1,927 |  |  | $ | 82,603 |
Liabilities |  |  |  |  |  |  |  |  |
Designated foreign currency hedge contracts |  | $ | — |  |  | $ | 894 |  |  | $ | 894 |
Non-designated foreign currency hedge contracts |  | — |  |  | 72 |  |  | 72 |
|  | $ | — |  |  | $ | 966 |  |  | $ | 966 |

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- Definition Tabular disclosure of the location and amount of derivative instruments and nonderivative instruments designated as hedging instruments reported before netting adjustments, and the amount of gain (loss) on derivative instruments and nonderivative instruments designated and qualified as hedging instruments. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4C -URI http://asc.fasb.org/extlink&oid=64837297&loc=SL5624171-113959 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4A -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=64837297&loc=SL5618551-113959 + Details
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- Definition Tabular disclosure of the location and fair value amounts of derivative instruments (and nonderivative instruments that are designated and qualify as hedging instruments) reported in the statement of financial position. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4B -URI http://asc.fasb.org/extlink&oid=64837297&loc=SL5624163-113959 + Details
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- Definition Tabular disclosure of assets and liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3). + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=66048111&loc=d3e19190-110258 + Details
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