v3.25.2
FAIR VALUE MEASUREMENTS (Tables)
 3 Months Ended
Jun. 28, 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 1Level 2Level 3
June 2025
Financial assets:
Cash equivalents:
Money market funds$50,914 $50,914 $— $— 
Time deposits50,267 50,267 — — 
Derivative financial instruments18,656 — 18,656 — 
Deferred compensation and other82,745 82,745 — — 
Financial liabilities:
Derivative financial instruments130,029 — 130,029 — 
Deferred compensation76,449 — 76,449 — 
Contingent consulting fees2,861 — — 2,861 
Total Fair Value
Fair Value Measurement Using (a)
(In thousands)Level 1Level 2Level 3
March 2025
Financial assets:
Cash equivalents:
Money market funds$79,485 $79,485 $— $— 
Time deposits12,280 12,280 — — 
Derivative financial instruments34,371 — 34,371 — 
Deferred compensation and other78,769 78,769 — — 
Financial liabilities:
Derivative financial instruments30,003 — 30,003 — 
Deferred compensation75,046 — 75,046 — 
Contingent consulting fees23,900 — — 23,900 
(a)There were no transfers among the levels within the fair value hierarchy during the three months ended June 2025 or the year ended March 2025.
Schedule of Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation
The following table presents the change in fair value of the contingent consulting fees designated as Level 3:
(In thousands)Contingent Consulting Fees
Balance, March 2025$23,900 
Cash payments(20,000)
Change in fair value(1,039)
Balance, June 2025$2,861