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INCOME TAXES (Tables) | 12 Months Ended
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Mar. 31, 2018
Income Tax Disclosure [Abstract] |
Schedule Domestic and Foreign Income Before Provision for Income Tax | Domestic and foreign income before provision for income tax is as follows:
(In thousands) | 2018 |  | 2017 |  | 2016
Domestic | $ | 3,534 |  |  | $ | (44,724 | ) |  | $ | (18,526 | )
Foreign | 56,098 |  |  | 17,248 |  |  | (34,890 | )
Total | $ | 59,632 |  |  | $ | (27,476 | ) |  | $ | (53,416 | )
Schedule of Income Tax Provision Components | The income tax provision from continuing operations contains the following components:
(In thousands) | 2018 |  | 2017 |  | 2016
Current |  |  |  |  |  |  |  |
Federal | $ | 9,927 |  |  | $ | (1,424 | ) |  | $ | 12 |
State | 1,024 |  |  | 436 |  |  | (660 | )
Foreign | 8,937 |  |  | 6,580 |  |  | 3,842 |
Total current | $ | 19,888 |  |  | $ | 5,592 |  |  | $ | 3,194 |
Deferred |  |  |  |  |  |  |  |
Federal | (5,350 | ) |  | (8,711 | ) |  | 3,532 |
State | 344 |  |  | (953 | ) |  | 319 |
Foreign | (822 | ) |  | 2,864 |  |  | (4,882 | )
Total deferred | $ | (5,828 | ) |  | $ | (6,800 | ) |  | $ | (1,031 | )
Total | $ | 14,060 |  |  | $ | (1,208 | ) |  | $ | 2,163 |
Schedule of Net Deferred Tax Asset | Tax affected, significant temporary differences comprising the net deferred tax liability are as follows:
(In thousands) | March 31, 2018 |  | April 1, 2017
Deferred tax assets: |  |  |
Depreciation | $ | 1,345 |  |  | $ | 934 |
Amortization of intangibles | 964 |  |  | 1,150 |
Inventory | 3,183 |  |  | 7,419 |
Accruals, reserves and other deferred tax assets | 16,939 |  |  | 13,907 |
Net operating loss carry-forward | 10,810 |  |  | 11,742 |
Stock based compensation | 3,292 |  |  | 6,014 |
Tax credit carry-forward, net | 3,479 |  |  | 17,852 |
Gross deferred tax assets | 40,012 |  |  | 59,018 |
Less valuation allowance | (11,090 | ) |  | (25,872 | )
Total deferred tax assets (after valuation allowance) | 28,922 |  |  | 33,146 |
Deferred tax liabilities: |  |  |
Depreciation | (17,732 | ) |  | (30,422 | )
Amortization of goodwill and intangibles | (11,942 | ) |  | (7,732 | )
Unremitted earnings | (274 | ) |  | (1,065 | )
Other deferred tax liabilities | (1,539 | ) |  | (2,053 | )
Total deferred tax liabilities | (31,487 | ) |  | (41,272 | )
Net deferred tax liabilities | $ | (2,565 | ) |  | $ | (8,126 | )
Schedule of Effective Income Tax Rate Reconciliation | The income tax provision from continuing operations differs from tax provision computed at the U.S. federal statutory income tax rate due to the following:
(In thousands) | 2018 |  | 2017 |  | 2016
Tax at federal statutory rate | $ | 18,807 |  |  | 31.5 | % |  | $ | (9,616 | ) |  | 35.0 | % |  | $ | (18,695 | ) |  | 35.0 | %
Difference between U.S. and foreign tax | (9,264 | ) |  | (15.5 | )% |  | 137 |  |  | (0.5 | )% |  | 10,645 |  |  | (19.9 | )%
State income taxes net of federal benefit | 29 |  |  | — | % |  | (495 | ) |  | 1.8 | % |  | 134 |  |  | (0.3 | )%
Change in uncertain tax positions | 1,095 |  |  | 1.8 | % |  | 862 |  |  | (3.1 | )% |  | (1,820 | ) |  | 3.4 | %
Unremitted earnings | (791 | ) |  | (1.3 | )% |  | 330 |  |  | (1.2 | )% |  | 735 |  |  | (1.4 | )%
Deferred statutory rate changes | (3,193 | ) |  | (5.4 | )% |  | (383 | ) |  | 1.4 | % |  | (2,653 | ) |  | 5.0 | %
Non-deductible goodwill impairment | — |  |  | — | % |  | 3,703 |  |  | (13.5 | )% |  | 2,861 |  |  | (5.4 | )%
Non-deductible expenses | 243 |  |  | 0.4 | % |  | 896 |  |  | (3.2 | )% |  | 1,491 |  |  | (2.8 | )%
Stock compensation benefits | (2,544 | ) |  | (4.3 | )% |  | — |  |  | — | % |  | — |  |  | — | %
Research credits | (763 | ) |  | (1.3 | )% |  | (561 | ) |  | 2.0 | % |  | (672 | ) |  | 1.3 | %
One-time transition tax from tax reform | 25,798 |  |  | 43.3 | % |  | — |  |  | — | % |  | — |  |  | — | %
Tax amortization of goodwill | — |  |  | — | % |  | (10,564 | ) |  | 38.4 | % |  | 4,185 |  |  | (7.8 | )%
Valuation allowance | (15,541 | ) |  | (25.9 | )% |  | 13,505 |  |  | (49.2 | )% |  | 5,194 |  |  | (9.7 | )%
Other, net | 184 |  |  | 0.3 | % |  | 978 |  |  | (3.5 | )% |  | 758 |  |  | (1.4 | )%
Income tax (benefit) provision | $ | 14,060 |  |  | 23.6 | % |  | $ | (1,208 | ) |  | 4.4 | % |  | $ | 2,163 |  |  | (4.0 | )%
Summary of Gross Unrecognized Tax Benefits | The following table summarizes the activity related to our gross unrecognized tax benefits for the fiscal years ended March 31, 2018, April 1, 2017 and April 2, 2016:
(In thousands) | March 31, 2018 |  | April 1, 2017 |  | April 2, 2016
Beginning Balance | $ | 3,370 |  |  | $ | 2,523 |  |  | $ | 7,070 |
Additions for tax positions of current year | 289 |  |  | — |  |  | — |
Additions for tax positions of prior years | 1,203 |  |  | 1,279 |  |  | 340 |
Reductions of tax positions | (252 | ) |  | (29 | ) |  | (4,158 | )
Settlements with taxing authorities | — |  |  | — |  |  | — |
Closure of statute of limitations | (160 | ) |  | (403 | ) |  | (729 | )
Ending Balance | $ | 4,450 |  |  | $ | 3,370 |  |  | $ | 2,523 |

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