Quarterly report [Sections 13 or 15(d)]

FAIR VALUE MEASUREMENTS (Tables)

v3.26.1
FAIR VALUE MEASUREMENTS (Tables)
3 Months Ended
Jun. 27, 2026
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
June 2026
Financial assets:
Cash equivalents:
Money market funds $ 287,368  $ 287,368  $ —  $ — 
Time deposits 63,763  63,763  —  — 
Derivative financial instruments 50,843  —  50,843  — 
Deferred compensation and other 78,039  78,039  —  — 
Financial liabilities:
Derivative financial instruments 36,871  —  36,871  — 
Deferred compensation 74,112  —  74,112  — 
Contingent consulting fees 6,261  —  —  6,261 
Total Fair Value
Fair Value Measurement Using (a)
(In thousands) Level 1 Level 2 Level 3
March 2026
Financial assets:
Cash equivalents:
Money market funds $ 220,135  $ 220,135  $ —  $ — 
Time deposits 74,648  74,648  —  — 
Derivative financial instruments 28,914  —  28,914  — 
Deferred compensation and other 72,814  72,814  —  — 
Financial liabilities:
Derivative financial instruments 48,723  —  48,723  — 
Deferred compensation 69,043  —  69,043  — 
Contingent consulting fees 6,534  —  —  6,534 
(a)There were no transfers among the levels within the fair value hierarchy during the three months ended June 2026 or the year ended March 2026.
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:
Three Months Ended June
(In thousands) 2026 2025
Beginning Balance $ 6,534  $ 23,900 
Cash payments —  (20,000)
Change in fair value (273) (1,039)
Ending Balance $ 6,261  $ 2,861