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INCOME TAXES (Tables)

12 Months Ended

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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Tabular disclosure of the components of income tax expense attributable to continuing operations for each year presented including, but not limited to: current tax expense (benefit), deferred tax expense (benefit), investment tax credits, government grants, the benefits of operating loss carryforwards, tax expense that results from allocating certain tax benefits either directly to contributed capital or to reduce goodwill or other noncurrent intangible assets of an acquired entity, adjustments of a deferred tax liability or asset for enacted changes in tax laws or rates or a change in the tax status of the entity, and adjustments of the beginning-of-the-year balances of a valuation allowance because of a change in circumstances that causes a change in judgment about the realizability of the related deferred tax asset in future years.

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Tabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations.

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Tabular disclosure for tax positions taken in the tax returns filed or to be filed for which it is more likely than not that the tax position will not be sustained upon examination by taxing authorities and other income tax contingencies. Includes, but is not limited to, interest and penalties, reconciliation of unrecognized tax benefits, unrecognized tax benefits that would affect the effective tax rate, tax years that remain subject to examination by tax jurisdictions, and information about positions for which it is reasonably possible that amounts unrecognized will significantly change within 12 months.

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