Quarterly report [Sections 13 or 15(d)]

FAIR VALUE MEASUREMENTS (Tables)

v3.25.3
FAIR VALUE MEASUREMENTS (Tables)
 6 Months Ended
Sep. 27, 2025
Fair Value Disclosures [Abstract]  
Schedule of Financial Assets and Financial Liabilities Measured and Recorded at Fair Value on Recurring Basis
The following table summarizes financial assets and financial liabilities that are measured and recorded in the consolidated financial statements at fair value on a recurring basis:
  Total Fair Value
Fair Value Measurement Using (a)
(In thousands) Level 1 Level 2 Level 3
September 2025
Financial assets:
Cash equivalents:
Money market funds $ 25,186  $ 25,186  $ —  $ — 
Time deposits 62,817  62,817  —  — 
Derivative financial instruments 21,746  —  21,746  — 
Deferred compensation and other 83,868  83,868  —  — 
Financial liabilities:
Derivative financial instruments 94,367  —  94,367  — 
Deferred compensation 78,510  —  78,510  — 
Contingent consulting fees 5,564  —  —  5,564 
Total Fair Value
Fair Value Measurement Using (a)
(In thousands) Level 1 Level 2 Level 3
March 2025
Financial assets:
Cash equivalents:
Money market funds $ 79,485  $ 79,485  $ —  $ — 
Time deposits 12,280  12,280  —  — 
Derivative financial instruments 34,371  —  34,371  — 
Deferred compensation and other 78,769  78,769  —  — 
Financial liabilities:
Derivative financial instruments 30,003  —  30,003  — 
Deferred compensation 75,046  —  75,046  — 
Contingent consulting fees 23,900  —  —  23,900 
(a)There were no transfers among the levels within the fair value hierarchy during the six months ended September 2025 or the year ended March 2025.
Schedule of Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation
The following table presents the activity related to the contingent consulting fees designated as Level 3:
(In thousands) Three Months Ended September 2025 Six Months Ended September 2025
Beginning Balance $ 2,861  $ 23,900 
Cash payments —  (20,000)
Change in fair value 2,703  1,664 
Ending Balance $ 5,564  $ 5,564