Quarterly report pursuant to Section 13 or 15(d)

FAIR VALUE MEASUREMENTS (Tables)

v3.24.4
FAIR VALUE MEASUREMENTS (Tables)
9 Months Ended
Dec. 28, 2024
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
December 2024
Financial assets:
Cash equivalents:
Money market funds $ 539,061  $ 539,061  $ —  $ — 
Time deposits 37,709  37,709  —  — 
Derivative financial instruments 91,685  —  91,685  — 
Deferred compensation and other 87,789  87,789  —  — 
Financial liabilities:
Derivative financial instruments 26,828  —  26,828  — 
Deferred compensation 84,329  —  84,329  — 
Contingent consulting fees 21,951  —  —  21,951 
Total Fair Value
Fair Value Measurement Using (a)
(In thousands) Level 1 Level 2 Level 3
March 2024
Financial assets:
Cash equivalents:
Money market funds $ 171,931  $ 171,931  $ —  $ — 
Time deposits 54,853  54,853  —  — 
Derivative financial instruments 32,548  —  32,548  — 
Deferred compensation and other 95,236  95,236  —  — 
Financial liabilities:
Derivative financial instruments 40,234  —  40,234  — 
Deferred compensation 90,804  —  90,804  — 
(a)There were no transfers among the levels within the fair value hierarchy during the nine months ended December 2024 or the year ended March 2024.
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, September 2024 $ 13,563 
Change in fair value 8,388 
Balance, December 2024 $ 21,951