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DERIVATIVES AND FAIR VALUE MEASUREMENTS (Tables)

3 Months Ended

Jun. 29, 2019

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 the Company's derivative instruments designated as cash flow hedges and those not designated as hedging instruments under ASC 815 in its consolidated statements of loss and comprehensive loss for the three months ended June 29, 2019:

(In thousands)		Amount of Gain (Loss) Recognized in Accumulated Other Comprehensive Loss				Amount of Gain (Loss) Reclassified from Accumulated Other Comprehensive Loss into Earnings				Location in Consolidated Statements of Loss and Comprehensive Loss		Amount of Gain Excluded from Effectiveness Testing				Location in Consolidated Statements of Loss and Comprehensive Loss
Designated foreign currency hedge contracts, net of tax		$	672			$	336			Net revenues, COGS and SG&A		$	199			Interest and other expense, net
Non-designated foreign currency hedge contracts		—				—						$	(256	)		Interest and other expense, net
Designated interest rate swaps, net of tax		$	(4,292	)		$	(143	)		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 the Company's derivative instruments as they appear in its consolidated balance sheets as of June 29, 2019 and March 30, 2019:

(In thousands)		Location in Balance Sheet		As of				As of
				June 29, 2019				March 30, 2019
Derivative Assets:
Designated foreign currency hedge contracts		Other current assets		$	550			$	1,208
Non-designated foreign currency hedge contracts		Other current assets		41				69
				$	591			$	1,277
Derivative Liabilities:
Designated foreign currency hedge contracts		Other current liabilities		$	585			$	145
Non-designated foreign currency hedge contracts		Other current liabilities		436				—
Designated interest rate swaps		Other current liabilities		9,071				5,203
				$	10,092			$	5,348

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 June 29, 2019 and March 30, 2019.

		As of June 29, 2019
(In thousands)		Level 1				Level 2				Total
Assets
Money market funds		$	35,506			$	—			$	35,506
Designated foreign currency hedge contracts		—				550				550
Non-designated foreign currency hedge contracts		—				41				41
		$	35,506			$	591			$	36,097
Liabilities
Designated foreign currency hedge contracts		$	—			$	585			$	585
Non-designated foreign currency hedge contracts		—				436				436
Designated interest rate swaps		—				9,071				9,071
		$	—			$	10,092			$	10,092
		As of March 30, 2019
		Level 1				Level 2				Total
Assets
Money market funds		$	36,980			$	—			$	36,980
Designated foreign currency hedge contracts		—				1,208				1,208
Non-designated foreign currency hedge contracts		—				69				69
		$	36,980			$	1,277			$	38,257
Liabilities
Designated foreign currency hedge contracts		$	—			$	145			$	145
Designated interest rate swaps		$	—			$	5,203			$	5,203
		$	—			$	5,348			$	5,348

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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/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 4E
-URI http://asc.fasb.org/extlink&oid=109980867&loc=SL5624181-113959

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 4A
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=109980867&loc=SL5618551-113959

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 4C
-URI http://asc.fasb.org/extlink&oid=109980867&loc=SL5624171-113959

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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://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 4B
-URI http://asc.fasb.org/extlink&oid=109980867&loc=SL5624163-113959

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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/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=117815213&loc=d3e19207-110258

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=117815213&loc=d3e19207-110258

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