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RETIREMENT PLANS (Tables)
 12 Months Ended
Mar. 30, 2019
Retirement Benefits [Abstract]  
Schedule of Components of Net Periodic Benefit Costs of Defined Benefit Pension Plans
Some of the Company's 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)
2019
 
2018
 
2017
Service cost
$
1,893

 
$
2,651

 
$
3,404

Interest cost on benefit obligation
340

 
293

 
287

Expected return on plan assets
(208
)
 
(215
)
 
(308
)
Actuarial loss
132

 
186

 
532

Amortization of unrecognized prior service cost
(86
)
 
(121
)
 
(119
)
Amortization of unrecognized transition obligation
—

 
—

 
37

Plan settlements and curtailments
(82
)
 
(445
)
 
289

Totals
$
1,989

 
$
2,349

 
$
4,122
Schedule of Activity Under Defined Benefit Plans
The activity under those defined benefit plans are as follows:
(In thousands)
March 30,
2019
 
March 31,
2018
Change in Benefit Obligation:
 

 
 

Benefit Obligation, beginning of year
$
(30,476
)
 
$
(31,345
)
Service cost
(1,893
)
 
(2,651
)
Interest cost
(340
)
 
(293
)
Benefits paid
902

 
518

Actuarial gain
(367
)
 
2,381

Employee and plan participants contribution
(1,815
)
 
(3,441
)
Plan settlements and curtailments
3,069

 
5,064

Foreign currency changes
283

 
(709
)
Benefit obligation, end of year
$
(30,637
)
 
$
(30,476
)
Change in Plan Assets:
 

 
 

Fair value of plan assets, beginning of year
$
16,322

 
$
17,285

Company contributions
1,329

 
1,542

Benefits paid
(795
)
 
(434
)
(Loss) gain on plan assets
265

 
(200
)
Employee and plan participants contribution
1,801

 
3,490

Plan settlements
(2,916
)
 
(4,531
)
Foreign currency changes
281

 
(830
)
Fair value of plan assets, end of year
$
16,287

 
$
16,322

Funded Status*
$
(14,350
)
 
$
(14,154
)
Unrecognized net actuarial loss
2,245

 
2,187

Unrecognized prior service cost
(714
)
 
(698
)
Net amount recognized
$
(12,819
)
 
$
(12,665
)
* Substantially all of the unfunded status is non-current
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 the Company's accumulated other comprehensive loss related to its defined benefit plans, net of tax, are as follows (in thousands):
Balance, April 2, 2016
$
(7,492
)
Obligation at transition
32

Actuarial loss
5,126

Prior service cost
62

Balance as of April 1, 2017
$
(2,272
)
Actuarial loss
1,922

Prior service cost
(125
)
Plan settlements and curtailments
152

Balance as of March 31, 2018
$
(323
)
Actuarial loss
(51
)
Prior service cost
(80
)
Plan settlements and curtailments
(73
)
Balance as of March 30, 2019
$
(527
)
Schedule of Weighted Average Rates Used to Determine Net Periodic Benefit Costs
The weighted average rates used to determine the net periodic benefit costs and projected benefit obligations were as follows:
 
2019
 
2018
 
2017
Discount rate
0.97
%
 
1.07
%
 
0.76
%
Rate of increased salary levels
1.78
%
 
1.73
%
 
1.43
%
Expected long-term rate of return on assets
0.75
%
 
0.90
%
 
1.10
%
The weighted-average grant-date fair value of RSUs granted and total fair value of RSUs vested are as follows:
 
2019
 
2018
 
2017
Grant-date fair value per RSU
$
94.55

 
$
41.87

 
$
32.61

Fair value of RSUs vested
$
40.04

 
$
33.03

 
$
34.98

The assumptions used in the Monte Carlo model for PSUs granted during each fiscal year were as follows:
 
2019
 
2018
 
2017
Expected stock price volatility
27.07
%
 
26.11
%
 
26.39
%
Peer group stock price volatility
34.98
%
 
34.13
%
 
33.86
%
Correlation of returns
47.57
%
 
49.51
%
 
51.17
%


The weighted-average grant-date fair value of PSUs granted and total fair value of PSUs vested are as follows:
 
2019
 
2018
 
2017
Grant-date fair value per PSU
$
115.64

 
$
46.49

 
$
34.07

Fair value of PSUs vested
$
29.20

 
$
—

 
$
—

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:
 
2019
 
2018
 
2017
Volatility
30.0
%
 
22.6
%
 
31.3
%
Expected life (months)
6

 
6

 
6

Risk-free interest rate
2.3
%
 
1.2
%
 
0.5
%
Dividend Yield
0.0
%
 
0.0
%
 
0.0
%
Schedule of Estimated Future Benefit Payments
Estimated future benefit payments are as follows:
(In thousands)
 

Fiscal 2020
$
1,503

Fiscal 2021
1,252

Fiscal 2022
1,540

Fiscal 2023
1,331

Fiscal 2024
1,370

Fiscal 2025-2029
6,447

 
$
13,443