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Document and Entity Information - USD ($)	12 Months Ended
Document and Entity Information - USD ($)	Mar. 31, 2018	May 18, 2018	Sep. 30, 2017
Document And Entity Information
Entity Registrant Name	RBC Bearings INC
Entity Central Index Key	0001324948
Document Type	10-K
Trading Symbol	ROLL
Document Period End Date	Mar. 31, 2018
Amendment Flag	false
Current Fiscal Year End Date	--03-31
Entity a Well-known Seasoned Issuer	Yes
Entity a Voluntary Filer	No
Entity's Reporting Status Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Public Float			$ 3,034,567,600
Entity Common Stock, Shares Outstanding		24,406,363
Document Fiscal Period Focus	FY
Document Fiscal Year Focus	2018

Consolidated Balance Sheets - USD ($) $ in Thousands	Mar. 31, 2018	Apr. 01, 2017
Current assets:
Cash and cash equivalents	$ 54,163	$ 38,923
Accounts receivable, net of allowance for doubtful accounts of $1,326 in 2018 and $1,213 in 2017	116,890	109,700
Inventory	306,124	289,594
Prepaid expenses and other current assets	6,473	9,743
Total current assets	483,650	447,960
Property, plant and equipment, net	192,513	183,625
Goodwill	268,124	268,042
Intangible assets, net of accumulated amortization of $38,880 in 2018 and $30,191 in 2017	183,764	196,801
Other assets	14,700	12,419
Total assets	1,142,751	1,108,847
Current liabilities:
Accounts payable	45,188	34,392
Accrued expenses and other current liabilities	40,777	44,532
Current portion of long-term debt	19,238	14,214
Total current liabilities	105,203	93,138
Long-term debt, less current portion	154,117	255,586
Deferred income taxes	11,749	12,036
Other non-current liabilities	37,130	31,043
Total liabilities	308,199	391,803
Commitments and contingencies (Note 15)
Stockholders' equity:
Preferred stock, $.01 par value; authorized shares: 10,000,000 in 2018 and 2017; none issued or outstanding
Common stock, $.01 par value; authorized shares: 60,000,000 in 2018 and 2017; issued shares: 25,123,694 in 2018 and 24,757,803 in 2017; outstanding shares: 24,105,029 in 2018 and 23,771,481 in 2017	251	248
Additional paid-in capital	339,148	312,474
Accumulated other comprehensive income	(2,285)	(9,823)
Retained earnings	536,978	448,693
Treasury stock, at cost, 713,687 shares in 2018 and 667,931 shares in 2017	(39,540)	(34,548)
Total stockholders' equity	834,552	717,044
Total liabilities and stockholders' equity	$ 1,142,751	$ 1,108,847

Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Mar. 31, 2018	Apr. 01, 2017
Statement of Financial Position [Abstract]
Accounts receivable, allowance for doubtful accounts	$ 1,326	$ 1,213
Intangible assets, accumulated amortization	$ 38,880	$ 30,191
Preferred stock, par value (in dollars per share)	$ .01	$ .01
Preferred stock, authorized	10,000,000	10,000,000
Preferred stock, issued	0	0
Preferred stock, outstanding	0	0
Common stock, par value (in dollars per share)	$ .01	$ .01
Common stock, authorized	60,000,000	60,000,000
Common stock, issued	25,123,694	24,757,803
Common stock, outstanding	24,105,029	23,771,481
Treasury stock, shares	713,687	667,931

Consolidated Statements of Operations - USD ($) $ in Thousands	12 Months Ended
	Mar. 31, 2018	Apr. 01, 2017	Apr. 02, 2016
Income Statement [Abstract]
Net sales	$ 674,949	$ 615,388	$ 597,472
Cost of sales	416,838	385,792	378,694
Gross margin	258,111	229,596	218,778
Operating expenses:
Selling, general and administrative	113,124	102,922	98,721
Other, net	16,846	12,981	16,216
Total operating expenses	129,970	115,903	114,937
Operating income	128,141	113,693	103,841
Interest expense, net	7,507	8,706	8,722
Other non-operating expense	783	103	334
Income before income taxes	119,851	104,884	94,785
Provision for income taxes	32,710	34,261	30,891
Net income	$ 87,141	$ 70,623	$ 63,894
Net income per common share:
Basic (in dollars per share)	$ 3.64	$ 3.00	$ 2.75
Diluted (in dollars per share)	$ 3.58	$ 2.97	$ 2.72
Weighted average common shares:
Basic (in shares)	23,948,565	23,521,615	23,208,686
Diluted (in shares)	24,363,789	23,784,636	23,508,418

Consolidated Statements of Comprehensive Income - USD ($) $ in Thousands	12 Months Ended
	Mar. 31, 2018	Apr. 01, 2017	Apr. 02, 2016
Statement of Comprehensive Income [Abstract]
Net income	$ 87,141	$ 70,623	$ 63,894
Pension and postretirement liability adjustments, net of taxes of $415	1,383	1,331	465
Foreign currency translation adjustments	6,155	(4,164)	315
Total comprehensive income	$ 94,679	$ 67,790	$ 64,674

Consolidated Statements of Comprehensive Income (Parenthetical) - USD ($) $ in Thousands	12 Months Ended
	Mar. 31, 2018	Apr. 01, 2017	Apr. 02, 2016
Statement of Comprehensive Income [Abstract]
Pension and postretirement liability adjustments, net of taxes	$ 415	$ 415	$ 415

Consolidated Statements of Stockholders' Equity - USD ($) $ in Thousands	Common Stock [Member]	Additional Paid-In Capital [Member]	Accumulated Other Comprehensive Income / (Loss) [[Member]	Retained Earnings (Accumulated Deficit)	Treasury Stock [Member]	Total
Balance at Mar. 28, 2015	$ 238	$ 262,091	$ (7,770)	$ 314,176	$ (19,302)	$ 549,433
Balance (in shares) at Mar. 28, 2015	23,833,185				(439,864)
Net income				63,894		63,894
Stock-based compensation		10,200				10,200
Repurchase of common stock					$ (10,492)	(10,492)
Repurchase of common stock (in shares)					(163,171)
Exercise of equity awards	$ 3	4,580				4,583
Exercise of equity awards (in shares)	171,319
Change in net prior service cost and actuarial losses, net of taxes of $415, $782, $276 for year ended 2018, 2017 and 2016 respectively			465			465
Issuance of restricted stock (in shares)	142,263
Income tax benefit on exercise of non-qualified common stock options		2,549				2,549
Currency translation adjustments			315			315
Balance at Apr. 02, 2016	$ 241	279,420	(6,990)	378,070	$ (29,794)	620,947
Balance (in shares) at Apr. 02, 2016	24,146,767				(603,035)
Net income				70,623		70,623
Stock-based compensation		12,111				12,111
Repurchase of common stock					$ (4,754)	(4,754)
Repurchase of common stock (in shares)					(64,896)
Exercise of equity awards	$ 7	16,163				16,170
Exercise of equity awards (in shares)	456,826
Change in net prior service cost and actuarial losses, net of taxes of $415, $782, $276 for year ended 2018, 2017 and 2016 respectively			1,331			1,331
Issuance of restricted stock (in shares)	154,210
Income tax benefit on exercise of non-qualified common stock options		4,780				4,780
Currency translation adjustments			(4,164)			(4,164)
Balance at Apr. 01, 2017	$ 248	312,474	(9,823)	448,693	$ (34,548)	717,044
Balance (in shares) at Apr. 01, 2017	24,757,803				(667,931)
Net income				87,141		87,141
Stock-based compensation		13,403				13,403
Repurchase of common stock					$ (4,992)	(4,992)
Repurchase of common stock (in shares)					(45,756)
Exercise of equity awards	$ 3	13,271				13,274
Exercise of equity awards (in shares)	255,732
Change in net prior service cost and actuarial losses, net of taxes of $415, $782, $276 for year ended 2018, 2017 and 2016 respectively			1,383			1,383
Issuance of restricted stock (in shares)	110,159
Impact from adoption of ASU 2016-09				1,144		1,144
Currency translation adjustments			6,155			6,155
Balance at Mar. 31, 2018	$ 251	$ 339,148	$ (2,285)	$ 536,978	$ (39,540)	$ 834,552
Balance (in shares) at Mar. 31, 2018	25,123,694				(713,687)

Consolidated Statements of Stockholders' Equity (Parenthetical) - USD ($) $ in Thousands	12 Months Ended
	Mar. 31, 2018	Apr. 01, 2017	Apr. 02, 2016
Statement of Stockholders' Equity [Abstract]
Change in net prior service cost and actuarial losses, net of taxes	$ 415	$ 782	$ 276

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	12 Months Ended
	Mar. 31, 2018	Apr. 01, 2017	Apr. 02, 2016
Cash flows from operating activities:
Net income	$ 87,141	$ 70,623	$ 63,894
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation	19,016	18,100	16,807
Excess tax benefits from stock-based compensation		(4,780)	(2,549)
Deferred income taxes	(702)	8,323	(336)
Amortization of intangible assets	9,344	9,272	9,000
Amortization of deferred financing costs	1,424	1,424	1,333
Consolidation and restructuring charges	6,619	1,443	190
Stock-based compensation	13,403	12,111	10,200
Loss on disposition of assets	241	2,504	3
Gain on acquisition		(293)
Changes in operating assets and liabilities, net of acquisitions:
Accounts receivable	(5,934)	(7,294)	(619)
Inventory	(14,490)	(9,057)	(25,460)
Prepaid expenses and other current assets	1,088	(2,815)	(1,576)
Other non-current assets	(3,355)	(2,412)	(1,876)
Accounts payable	10,494	(1,397)	(2,756)
Accrued expenses and other current liabilities	(2,285)	5,480	14,246
Other non-current liabilities	8,285	10	2,859
Net cash provided by operating activities	130,289	101,242	83,360
Cash flows from investing activities:
Purchase of property, plant and equipment	(27,976)	(20,894)	(20,864)
Acquisition of businesses, net of cash acquired		(651)	(500,000)
Proceeds from sale of assets	87	188	726
Net cash used in investing activities	(27,889)	(21,357)	(520,138)
Cash flows from financing activities:
Proceeds from revolving credit facility			225,000
Repayments of revolving credit facility	(84,000)	(84,500)	(56,000)
Proceeds from term loans			200,000
Repayments of term loans	(13,750)	(10,000)	(7,500)
Finance fees paid in connection with credit facility			(7,122)
Payments of notes payable	(475)	(469)	(1,229)
Repurchase of common stock	(4,992)	(4,754)	(10,492)
Exercise of stock options	13,274	16,170	4,583
Excess tax benefits from stock-based compensation		4,780	2,549
Net cash (used in) provided by financing activities	(89,943)	(78,773)	349,789
Effect of exchange rate changes on cash	2,783	(1,397)	742
Cash and cash equivalents:
Increase/(decrease) during the year	15,240	(285)	(86,247)
Cash, at beginning of year	38,923	39,208	125,455
Cash, at end of year	$ 54,163	$ 38,923	$ 39,208

Organization and Business

12 Months Ended

Mar. 31, 2018

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Organization and Business

1. Organization and Business

RBC Bearings Incorporated (the “Company”, collectively with its subsidiaries), is a Delaware corporation. The Company operates in four reportable business segments—roller bearings, plain bearings, ball bearings and engineered products—in which it manufactures roller bearing components and assembled parts and designs and manufactures high-precision roller and ball bearings. The Company sells to a wide variety of original equipment manufacturers (“OEMs”) and distributors who are widely dispersed geographically. In fiscal 2018, no one customer accounted for more than 9% of the Company’s net sales as compared to no more than 9% and 10% of the Company’s net sales in fiscal 2017 and 2016, respectively. The Company’s segments are further discussed in Part II, Item 8. “Financial Statements and Supplemental Data,” Note 17 “Reportable Segments.”

Summary of Significant Accounting Policies

12 Months Ended

Mar. 31, 2018

Accounting Policies [Abstract]

Summary of Significant Accounting Policies

2. Summary of Significant Accounting Policies

General

The consolidated financial statements include the accounts of RBC Bearings Incorporated, Roller Bearing Company of America, Inc. (“RBCA”) and its wholly-owned subsidiaries, Industrial Tectonics Bearings Corporation (“ITB”), RBC Linear Precision Products, Inc. (“LPP”), RBC Nice Bearings, Inc. (“Nice”), RBC Precision Products - Bremen, Inc. (“Bremen (MBC)”), RBC Precision Products - Plymouth, Inc. (“Plymouth”), RBC Lubron Bearing Systems, Inc. (“Lubron”), RBC Oklahoma, Inc. (“RBC Oklahoma”), RBC Aircraft Products, Inc. (“API”), RBC Southwest Products, Inc. (“SWP”), All Power Manufacturing Co. (“All Power”), RBC Aerostructures LLC (“RAS”), Western Precision Aero LLC (“WPA”), Climax Metal Products Company (“CMP”), RBC Turbine Components LLC (“TCI”), Sonic Industries, Inc. (“Sonic”), Sargent Aerospace and Defense LLC (“Sargent”), Avborne Accessory Group, Inc. (“AMS”), Schaublin Holdings S.A. and its wholly-owned subsidiaries Schaublin SA, RBC Bearings Polska sp. Z.o.o., RBC France SAS and Schaublin GmbH (“Schaublin”), RBC de Mexico S DE RL DE CV (“Mexico”), RBC Bearings U.K. Limited and its wholly-owned subsidiary Phoenix Bearings Limited (“Phoenix”), Allpower de Mexico S DE RL DE CV (“Tecate”) and RBC Bearings Canada, Inc. Divisions of RBCA include: RBC Corporate, RBC E-Shop, RBC Aerospace sales office and warehouse, Transport Dynamics (“TDC”), Heim (“Heim Bearings Company”), Engineered Components (“ECD”), RBC Aerocomponents (“RAC”), PIC Design (“PIC Design”), RBC Hartsville, RBC West Trenton, RBC Bishopsville, RBC Eastern Distribution Center, Shanghai Representative office of Roller Bearing Company of America, Inc. (“RBC Shanghai”) and RBC Grand Prarie TX location. U.S. Bearings (“USB”) is a division of SWP and Schaublin USA is a division of Nice. All intercompany balances and transactions have been eliminated in consolidation.

The Company has a fiscal year consisting of 52 or 53 weeks, ending on the Saturday closest to March 31. Based on this policy, fiscal year 2018 contained 52 weeks, 2017 contained 52 weeks and 2016 contained 53 weeks. The amounts are shown in thousands, unless otherwise indicated.

Use of Estimates

The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, and disclosure of contingent assets and liabilities, at the date of the financial statements, and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Estimates are used for, but not limited to, the accounting for the allowance for doubtful accounts, valuation of inventories, accrued expenses, depreciation and amortization, income taxes and tax reserves, pension and postretirement obligations and the valuation of options.

Cash and Cash Equivalents

The Company considers all highly liquid investments purchased with an original maturity of three months or less to be cash equivalents. The Company maintains its cash accounts primarily with Bank of America, N.A and Wells Fargo & Company. The balances are insured by the Federal Deposit Insurance Company up to $250. The Company has not experienced any losses in such accounts.

Inventory

Inventories are stated at the lower of cost or net realizable value. Cost is determined by the first-in, first-out method. The Company accounts for inventory under a full absorption method, and records adjustments to the value of inventory based upon past sales history and forecasted plans to sell our inventories. The physical condition, including age and quality, of the inventories is also considered in establishing its valuation. These adjustments are estimates, which could vary significantly, either favorably or unfavorably, from actual requirements if future economic conditions, customer inventory levels or competitive conditions differ from our expectations.

Shipping and Handling

The sales price billed to customers includes shipping and handling, which is included in net sales. The costs to the Company for shipping and handling are included in cost of sales.

Property, Plant and Equipment

Property, plant and equipment are recorded at cost. Depreciation and amortization of property, plant and equipment, including equipment under capital leases, is provided for by the straight-line method over the estimated useful lives of the respective assets or the lease term, if shorter. Depreciation of assets under capital leases is reported within depreciation and amortization. The cost of equipment under capital leases is equal to the lower of the net present value of the minimum lease payments or the fair market value of the leased equipment at the inception of the lease. Expenditures for normal maintenance and repairs are charged to expense as incurred.

The estimated useful lives of the Company’s property, plant and equipment follows:

Buildings and improvements	20-30 years
Machinery and equipment	3-15 years
Leasehold improvements	Shorter of the term of lease or estimated useful life

Recognition of Revenue and Accounts Receivable and Concentration of Credit Risk

The Company recognizes revenue only after the following four basic criteria are met:

●

Persuasive evidence of an arrangement exists;

●

Delivery has occurred or services have been rendered;

●

The seller’s price to the buyer is fixed or determinable; and

●

Collectability is reasonably assured.

Revenue is recognized upon the passage of title, which generally is at the time of shipment, except for certain customers for which it occurs when the products reach their destination. Accounts receivable, net of applicable allowances, is recorded when revenue is recorded.

We also recognize revenue on a Ship-In-Place basis for three customers who have required that we hold the product after final production is complete. In this case, a written agreement has been executed (at the customer’s request) whereby the customer accepts the risk of loss for product that is invoiced under the Ship-In-Place arrangement. For each transaction for which revenue is recognized under a Ship-In-Place arrangement, all final manufacturing inspections have been completed and customer acceptance has been obtained. In fiscal 2018, 2.9% of our total net sales were recognized under Ship-In-Place transactions compared to 2.6% in fiscal 2017.

We also on occasion record deferred revenue on our balance sheet as a liability. Deferred revenue represents progress payments received, primarily from one customer, to cover purchases of raw materials per the terms of multi-year long term contracts. Revenue associated with these agreements is recognized in accordance with the criteria discussed above.

The Company sells to a large number of OEMs and distributors who service the aftermarket. The Company’s credit risk associated with accounts receivable is minimized due to its customer base and wide geographic dispersion. The Company performs ongoing credit evaluations of its customers’ financial condition and generally does not require collateral or charge interest on outstanding amounts. The Company had no concentrations of credit risk with any one customer greater than approximately 6% of accounts receivables at March 31, 2018 and 8% at April 1, 2017.

Allowance for Doubtful Accounts

The Company maintains an allowance for doubtful accounts for estimated losses resulting from the inability of its customers to make required payments. The Company reviews the collectability of its receivables on an ongoing basis taking into account a combination of factors. The Company reviews potential problems, such as past due accounts, a bankruptcy filing or deterioration in the customer’s financial condition, to ensure the Company is adequately accrued for potential loss. Accounts are considered past due based on when payment was originally due. If a customer’s situation changes, such as a bankruptcy or creditworthiness, or there is a change in the current economic climate, the Company may modify its estimate of the allowance for doubtful accounts. The Company will write-off accounts receivable after reasonable collection efforts have been made and the accounts are deemed uncollectible.

Goodwill and Indefinite-Lived Intangible Assets

Goodwill (representing the excess of the amount paid to acquire a company over the estimated fair value of the net assets acquired) and Indefinite Lived Intangible Assets are not amortized but instead are tested for impairment annually, or when events or circumstances indicate that the value may have declined. Separate tests are performed for goodwill and indefinite lived intangible assets. We apply a qualitative test of impairment on the indefinite lived intangible assets. This is done by assessing the existence of events or circumstances which would make it more likely than not that impairment is present. No such factors were identified during our current year analysis. The determination of any goodwill impairment is made at the reporting unit level and consists of two steps. First, the Company determines the fair value of a reporting unit and compares it to its carrying amount. Second, if the carrying amount of the reporting unit exceeds its fair value, an impairment loss is recognized for any excess of the carrying amount of the reporting unit’s goodwill over the goodwill’s implied fair value. The Company applies the income approach (discounted cash flow method) in testing goodwill for impairment. The key assumptions used in the discounted cash flow method used to estimate fair value include discount rates, revenue growth rates, terminal growth rates and cash flow projections. Discount rates, growth rates and cash flow projections are the most sensitive and susceptible to change as they require significant management judgment. Discount rates are determined by using a weighted average cost of capital (“WACC”). The WACC considers market and industry data as well as Company-specific risk factors for each reporting unit in determining the appropriate discount rate to be used. The discount rate utilized for each reporting unit for our fiscal 2018 test was 11.0% and is indicative of the return an investor would expect to receive for investing in such a business. Terminal growth rate determination follows common methodology of capturing the present value of perpetual cash flow estimates beyond the last projected period assuming a constant WACC and long-term growth rates. The terminal growth rate used for our fiscal 2018 test was 2.5%. The Company has determined that, to date, no impairment of goodwill exists and fair value of the reporting units exceeded the carrying value in total by approximately 74.1%. The fair value of the reporting units exceeds the carrying value by a minimum of 24.8% at each of the four reporting units. A decrease of 1.0% in our terminal growth rate would not result in impairment of goodwill for any of our reporting units. An increase of 1.0% in our discount rate would not result in impairment of goodwill for any of our reporting units. The Company performs the annual impairment testing during the fourth quarter of each fiscal year. Although no changes are expected, if the actual results of the Company are less favorable than the assumptions the Company makes regarding estimated cash flows, the Company may be required to record an impairment charge in the future.

Deferred Financing Costs

Deferred financing costs are amortized on a straight line basis over the lives of the related credit agreements.

Income Taxes

The Company accounts for income taxes using the liability method, which requires it to recognize a current tax liability or asset for current taxes payable or refundable and a deferred tax liability or asset for the estimated future tax effects of temporary differences between the financial statement and tax reporting bases of assets and liabilities to the extent that they are realizable. Deferred tax expense (benefit) results from the net change in deferred tax assets and liabilities during the year. A valuation allowance is recorded to reduce deferred tax assets to the amount that is more likely than not to be realized.

Temporary differences relate primarily to the timing of deductions for depreciation, stock-based compensation, goodwill amortization relating to the acquisition of operating divisions, basis differences arising from acquisition accounting, pension and retirement benefits, and various accrued and prepaid expenses. Deferred tax assets and liabilities are recorded at the rates expected to be in effect when the temporary differences are expected to reverse.

Net Income Per Common Share

Basic net income per common share is computed by dividing net income available to common stockholders by the weighted-average number of common shares outstanding.

Diluted net income per common share is computed by dividing net income by the sum of the weighted-average number of common shares and dilutive common share equivalents then outstanding using the treasury stock method. Common share equivalents consist of the incremental common shares issuable upon the exercise of stock options.

The table below reflects the calculation of weighted-average shares outstanding for each year presented as well as the computation of basic and diluted net income per common share:

	Fiscal Year Ended
	March 31, 2018		April 1, 2017		April 2, 2016
Net income	$	87,141	$	70,623	$	63,894

Denominator:
Denominator for basic net income per common share—weighted-average shares		23,948,565		23,521,615		23,208,686
Effect of dilution due to employee stock options		415,224		263,021		299,732
Denominator for diluted net income per common share—adjusted weighted-average shares		24,363,789		23,784,636		23,508,418
Basic net income per common share	$	3.64	$	3.00	$	2.75
Diluted net income per common share	$	3.58	$	2.97	$	2.72

At March 31, 2018, 217,280 employee stock options and 53,073 restricted shares have been excluded from the calculation of diluted earnings per share. At April 1, 2017, 459,500 employee stock options and 3,000 restricted shares have been excluded from the calculation of diluted earnings per share. At April 2, 2016, 443,250 employee stock options and no restricted shares have been excluded from the calculation of diluted earnings per share. The inclusion of these employee stock options and restricted shares would be anti-dilutive.

Impairment of Long-Lived Assets

The Company assesses the net realizable value of its long-lived assets and evaluates such assets for impairment whenever indicators of impairment are present. For amortizable long-lived assets to be held and used, if indicators of impairment are present, management determines whether the sum of the estimated undiscounted future cash flows is less than the carrying amount. The amount of asset impairment, if any, is based on the excess of the carrying amount over its fair value, which is estimated based on projected discounted future operating cash flows using a discount rate reflecting the Company’s average cost of funds. To date, no indicators of impairment exist other than those resulting in the restructuring charges already recorded.

Long-lived assets to be disposed of by sale or other means are reported at the lower of carrying amount or fair value, less costs to sell.

Foreign Currency Translation and Transactions

Assets and liabilities of the Company’s foreign operations are translated into U.S. dollars using the exchange rate in effect at the balance sheet date. Results of operations are translated using the average exchange rate prevailing throughout the period. The effects of exchange rate fluctuations on translating foreign currency assets and liabilities into U.S. dollars are included in accumulated other comprehensive income (loss), while gains and losses resulting from foreign currency transactions are included in other non-operating expense (income). Net income of the Company’s foreign operations for fiscal 2018, 2017 and 2016 amounted to $776, $7,414 and $8,660, respectively. Total assets of the Company’s foreign operations were $135,801 and $125,164 at March 31, 2018 and April 1, 2017, respectively.

Fair Value of Measurements

Fair value is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date (exit price). Inputs used to measure fair value are within a hierarchy consisting of three levels. Level 1 inputs represent unadjusted quoted prices in active markets for identical assets or liabilities. Level 2 inputs represent unadjusted quoted prices in active markets for similar assets or liabilities, or unadjusted quoted prices for identical or similar assets or liabilities in markets that are not active, or inputs other than quoted prices that are observable for the asset or liability. Level 3 inputs represent unobservable inputs for the asset or liability. Financial assets and liabilities are classified in their entirety based on the lowest level of input that is significant to the fair value measurement.

The carrying amounts reported in the balance sheet for cash and cash equivalents, short-term investments, accounts receivable, prepaids and other current assets, and accounts payable and accruals, and other current liabilities approximate their fair value due to their short-term nature.

The carrying amounts of the Company’s borrowings under its Wells Fargo Credit Agreement and Swiss Credit Facility approximate fair value, as these obligations have interest rates which vary in conjunction with current market conditions. The carrying value of the mortgage on our Schaublin building approximates fair value as the rates since entering into the mortgage in fiscal 2013 have not significantly changed.

Accumulated Other Comprehensive Income (Loss)

The components of comprehensive income (loss) that relate to the Company are net income, foreign currency translation adjustments and pension plan and postretirement benefits, all of which are presented in the consolidated statements of stockholders’ equity and comprehensive income (loss).

The following summarizes the activity within each component of accumulated other comprehensive income (loss), net of taxes:

	Currency Translation			Pension and Postretirement Liability			Total
Balance at April 1, 2017	$	(3,942	)	$	(5,881	)	$	(9,823	)
Other comprehensive income before reclassifications		6,155			429			6,584
Amounts reclassified from accumulated other comprehensive loss		—			954			954
Net current period other comprehensive income		6,155			1,383			7,538
Balance at March 31, 2018	$	2,213		$	(4,498	)	$	(2,285	)

Stock-Based Compensation

The Company recognizes compensation cost relating to all share-based payment transactions in the financial statements based upon the grant-date fair value of the instruments issued over the requisite service period. The fair value of each option grant was estimated on the date of grant using the Black-Scholes pricing model.

Recent Accounting Pronouncements

In February 2018, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2018-02, “Income Statement – Reporting Comprehensive Income (Topic 220): Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income” which allows companies to reclassify stranded tax effects resulting from the Tax Cuts and Jobs Act of 2017 (“TCJA” or “the Act”), from accumulated other comprehensive income to retained earnings. These stranded tax effects refer to the tax amounts included in accumulated other comprehensive income at the previous 35% U.S. statutory tax rate, for which the related deferred tax asset or liability was remeasured to the new 21% U.S. corporate statutory federal tax rate in the period of the TCJA enactment. The new standard is effective for fiscal years beginning after December 15, 2018, with early adoption permitted, and can be applied either in the period of adoption or retrospectively to each period impacted by the TCJA. The Company has not determined the effect that the adoption of the pronouncement may have on its financial position and/or results of operations.

In May 2017, the FASB issued ASU No. 2017-09, “Compensation – Stock Compensation (Topic 718): Scope of Modification Accounting”, in an effort to reduce diversity in practice as it relates to applying modification accounting for changes to the terms and conditions of share-based payment awards. This ASU is effective for public companies for the financial statements issued for annual periods beginning after December 15, 2017, including interim periods within those annual periods. Early adoption is permitted. The adoption of this ASU is not expected to have a material impact on the Company’s consolidated financial statements.

In March 2017, the FASB issued ASU No. 2017-07, “Compensation – Retirement Benefits (Topic 715): Improving the Presentation of Net Periodic Pension Cost and Net Periodic Postretirement Benefit Cost”, in an effort to improve the presentation of these costs within the income statement. Under current GAAP, all components of both net periodic pension cost and net periodic postretirement cost are included within selling, general and administrative costs on the income statement. This ASU would require entities to include only the service cost component within selling, general and administrative costs whereas all other components would be included within other non-operating expense. In addition, only the service cost component would be eligible for capitalization when applicable (for example, as a cost of internally manufactured inventory or a self-constructed asset). The amendments in this Update should be applied retrospectively for the presentation of the service cost component and the other components of net periodic pension cost and net periodic postretirement benefit cost in the income statement and prospectively, on and after the effective date, for the capitalization of the service cost component of net periodic pension cost and net periodic postretirement benefit in assets. This ASU is effective for public companies for the financial statements issued for annual periods beginning after December 15, 2017, including interim periods within those annual periods. The Company has not determined the effect that the adoption of the pronouncement may have on its financial position and/or results of operations.

In January 2017, the FASB issued ASU No. 2017-04, “Intangibles—Goodwill and Other (Topic 350): Simplifying the Test for Goodwill Impairment”. The objective of this standard update is to simplify the subsequent measurement of goodwill, eliminating Step 2 from the goodwill impairment test. Under this ASU, an entity should perform its annual goodwill impairment test by comparing the fair value of a reporting unit with its carrying amount. An entity would recognize an impairment charge for the amount by which the carrying amount exceeds the reporting unit’s fair value, assuming the loss recognized does not exceed the total amount of goodwill for the reporting unit. The standard update is effective for fiscal years beginning after December 15, 2019. Early adoption is permitted. The adoption of this ASU is not expected to have a material impact on the Company’s consolidated financial statements.

In October 2016, the FASB issued ASU No. 2016-16, “Income Taxes (Topic 740):Intra-Entity Transfers of Assets Other Than Inventory”, in an effort to improve the accounting for the income tax consequences of intra-equity transfers of assets other than inventory. Current GAAP prohibits the recognition of current and deferred income taxes for an intra-entity asset transfer until the asset has been sold to an outside party. This ASU establishes the requirement that an entity recognize the income tax consequences of an intra-entity transfer of an asset other than inventory when the transfer occurs. This ASU is effective for public companies for the financial statements issued for annual periods beginning after December 15, 2017 and interim periods within those annual periods. Earlier application is permitted as of the beginning of an interim or annual reporting period, with any adjustments reflected as of the beginning of the fiscal year of adoption. The adoption of this ASU is not expected to have a material impact on the Company’s consolidated financial statements.

In August 2016, the FASB issued ASU No. 2016-15, “Statement of Cash Flows (Topic 230): Classification of Certain Cash Receipts and Cash Payments”, which addresses eight specific cash flow issues with the objective of reducing the existing diversity in practice. This ASU is effective for public companies for the financial statements issued for annual periods beginning after December 15, 2017 and interim periods within those annual periods. Earlier application is permitted as of the beginning of an interim or annual reporting period, with any adjustments reflected as of the beginning of the fiscal year of adoption. The Company has not determined the effect that the adoption of the pronouncement may have on its statements of cash flows.

In March 2016, the FASB issued ASU No. 2016-09, “Compensation – Stock Compensation (Topic 718): Improvements to Employee Share-Based Payment Accounting” which amends ASC Topic 718, Compensation - Stock Compensation. This ASU includes provisions intended to simplify various aspects related to how share-based payments are accounted for and presented in the financial statements. The Company adopted this standard on April 2, 2017. As a result of the adoption, the Company began recording the tax effects associated with stock-based compensation through the income statement on a prospective basis which resulted in a tax benefit of $4,917 for the twelve months ended March 31, 2018. Prior to adoption, these amounts would have been recorded as an increase to additional paid-in capital. This change may create volatility in the Company’s effective tax rate. The adoption of this standard also resulted in a cumulative effect change to opening retained earnings of $1,144 for previously unrecognized excess tax benefits.

In addition, the Company will prospectively classify all tax-related cash flows resulting from share-based payments, including the excess tax benefits related to the settlement of stock-based awards, as cash flows from operating activities in the statement of cash flows. Prior to the adoption of this standard, these were shown as cash inflows from financing activities and cash outflows from operating activities.

The adoption of the ASU also resulted in the Company removing the excess tax benefits from the assumed proceeds available to repurchase shares when calculating diluted earnings per share on a prospective basis. The revised calculation increased the diluted weighted average common shares outstanding by approximately 111 thousand shares in the period of adoption. The Company also made an accounting policy election to continue to estimate forfeitures as it did prior to adoption.

In February 2016, the FASB issued ASU No. 2016-02, “Leases (Topic 842).” The core principal of ASU 2016-02 is that an entity should recognize on its balance sheet assets and liabilities arising from a lease. In accordance with that principle, ASU 2016-02 requires that a lessee recognize a liability to make lease payments (the lease liability) and a right-of-use asset representing its right to use the underlying leased asset for the lease term. The recognition, measurement, and presentation of expenses and cash flows arising from a lease by a lessee will depend on the lease classification as a finance or operating lease. This new accounting guidance is effective for public companies for fiscal years beginning after December 15, 2018 under a modified retrospective approach and early adoption is permitted. The Company is currently evaluating the impact this adoption will have on its consolidated financial statements.

In July 2015, the FASB issued ASU No. 2015-11, “Inventory (Topic 330): Simplifying the Measurement of Inventory.” This update requires the company to measure inventory using the lower of cost and net realizable value. Net realizable value is defined as the estimated selling price in the ordinary course of business, less reasonably predictable costs of completion, disposal and transportation. This ASU applies to companies measuring inventory using methods other than the last-in, first-out (LIFO) and retail inventory methods, including but not limited to the first-in, first-out (FIFO) or average costing methods. The Company adopted this ASU on a prospective basis on April 2, 2017 and it did not have a material impact on the Company’s consolidated financial statements.

In May 2014, the FASB issued ASU No. 2014-09, “Revenue from Contracts with Customers (Topic 606)”. The objective of this standard update is to remove inconsistent practices with regards to revenue recognition between U.S. GAAP and IFRS. The standard intends to improve comparability of revenue recognition practices across entities, industries, jurisdictions and capital markets. The provisions of ASU No. 2014-09 will be effective for interim and annual periods beginning after December 15, 2017, with early adoption permitted for annual periods beginning after December 15, 2016.

The guidance permits use of either a retrospective or cumulative effect transition method. Based upon the FASB’s decision to approve a one-year delay in implementation, the new standard is now effective for the Company in fiscal 2019, with early adoption permitted, but not earlier than fiscal 2018. The Company has concluded it will utilize the modified retrospective method upon adopting this standard.

The Company has completed their assessment of the impact of ASU No. 2014-09 on its business which has identified certain differences from the application of the new standard. The Company’s performance obligations under the new standard are not materially different from the existing standard. The majority of the Company’s contracts involve the sale of parts to customers and will continue to transfer control of assets at a point in time because the criteria in the new standard for over-time recognition have not been met. For a limited number of contracts, primarily related to services performed, the Company will now recognize revenue over time in proportion to costs incurred. For these contracts, the Company has concluded that the cost-to-cost measure of progress most accurately depicts the transfer of control of assets to the customer.

Based upon the results of our assessment, the Company does not expect the new revenue standard to have a material impact on the Company’s pattern of revenue recognition, operating revenue, results of operations, or financial position; however, we will expand certain disclosures as required. In reaching this conclusion, the Company evaluated its different contracting practices including Master Agreements and Purchase Orders. The assessment included analyzing the standard’s impact on the Company’s revenue streams and above mentioned contracting practices.

The Company has substantially completed the process of updating accounting policies, evaluating new disclosure requirements and implementing changes to its business processes, systems and controls to support revenue recognition and disclosure under the new guidance and will adopt the requirements of the new standard in the first quarter of fiscal 2019. The Company has determined that as a result of applying the modified retrospective method, the cumulative effect adjustment to retained earnings as of April 1, 2018 will be immaterial.

Other new pronouncements issued but not effective until after March 31, 2018 are not expected to have a material impact on our financial position, results of operations or liquidity.

Allowance for Doubtful Accounts

12 Months Ended

Mar. 31, 2018

Receivables [Abstract]

Allowance for Doubtful Accounts

3.	Allowance for Doubtful Accounts

The activity in the allowance for doubtful accounts consists of the following:

Fiscal Year Ended	Balance at Beginning of Year		Additions		Other*			Write-offs			Balance at End of Year
March 31, 2018	$	1,213	$	125	$	73		$	(85	)	$	1,326
April 1, 2017		1,324		96		(157	)		(50	)		1,213
April 2, 2016		860		191		308			(35	)		1,324

*Foreign currency and acquisition transactions.

Inventory

12 Months Ended

Mar. 31, 2018

Inventory, Net [Abstract]

Inventory

4.	Inventory

Inventories are summarized below:

	March 31, 2018		April 1, 2017
Raw materials	$	44,102	$	35,364
Work in process		77,890		79,048
Finished goods		184,132		175,182
	$	306,124	$	289,594

Property, Plant and Equipment

12 Months Ended

Mar. 31, 2018

Property, Plant and Equipment [Abstract]

Property, Plant and Equipment

5.	Property, Plant and Equipment

Property, plant and equipment consist of the following:

	March 31, 2018			April 1, 2017
Land	$	19,723		$	18,164
Buildings and improvements		86,237			81,467
Machinery and equipment		259,645			240,128
		365,605			339,759
Less: accumulated depreciation and amortization		(173,092	)		(156,134	)
	$	192,513		$	183,625

Restructuring of Operations

12 Months Ended

Mar. 31, 2018

Restructuring and Related Activities [Abstract]

Restructuring of Operations

Restructuring of Operations

In the second quarter of fiscal 2018, the Company reached a decision to restructure its manufacturing operation in Montreal, Canada. After completing its obligations, the Company expects to close its RBC Canada location and consolidate certain residual assets into other locations by the end of this fiscal year. As a result, the Company recorded an after-tax charge of $5,577 associated with the restructuring in the second quarter of fiscal 2018 attributable to the Engineered Products segment. The $5,577 charge includes a $1,337 impairment of fixed assets and a $5,157 impairment of intangible assets offset by a $917 tax benefit. The impairment charges were recognized within the “Other, net” line item within the consolidated statement of operations. The Company determined that the market approach was the most appropriate method to estimate the fair value of the fixed assets using comparable sales data and actual quotes from potential buyers in the market place. The fixed assets are comprised of land, a building, machinery and equipment. The Company assessed the fair value of the intangible assets in accordance with ASC 360-10, which are comprised of customer relationships, product approvals, tradenames and trademarks. These fair value measurements were classified as Level 3 in the valuation hierarchy. In the third and fourth quarters of fiscal 2018, the Company incurred restructuring charges of $1,091 and $100 comprised primarily of employee termination costs and building maintenance costs. These costs were recorded within the “Other, net” line item within the consolidated statement of operations and are all attributable to the Engineered Products segment. The cumulative restructuring charges as of the end of the fourth quarter of fiscal 2018, net of taxes, were $6,768. The total impact of this restructuring is expected to be between $6,800 and $7,300 in after-tax charges, all attributable to the Engineered Products segment, and is expected to conclude in the first quarter of fiscal 2019.

In the third quarter of fiscal 2017, the Company reached a decision to integrate and restructure its industrial manufacturing operation in South Carolina. The Company exited a few smaller product offerings and consolidated two manufacturing facilities into one. These restructuring efforts will better align our manufacturing capacity and market focus. As a result, the Company recorded a charge of $7,060 associated with the restructuring in the third quarter of fiscal 2017 attributable to the Roller Bearings segment. The $7,060 charge includes $3,215 of inventory rationalization costs, $261 in impairment of intangibles, $2,402 loss on fixed assets disposals, and $1,182 exit obligation associated with a building operating lease, of which, $766 remains. The reduction of the exit obligation since the third quarter of fiscal 2017 was primarily related to lease payments made. The inventory rationalization costs were recorded in Cost of Sales in the income statement. All other costs were recorded under operating expenses in the “Other, net” category of the income statement. The pre-tax charge of $7,060 was offset with a tax benefit of approximately $2,222. The Company determined that the market approach was the most appropriate method to estimate the fair value for the inventory, intangible assets, equipment and building operating lease using comparable sales data and actual quotes from potential buyers in the market place.

Goodwill and Intangible Assets

12 Months Ended

Mar. 31, 2018

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and Intangible Assets

Goodwill and Intangible Assets

Goodwill

Goodwill balances, by segment, consist of the following:

	Roller		Plain		Ball		Engineered Products		Total
April 1, 2017	$	16,007	$	79,597	$	5,623	$	166,815	$	268,042
Translation adjustments		—		—		—		82		82
March 31, 2018	$	16,007	$	79,597	$	5,623	$	166,897	$	268,124

Intangible Assets

			March 31, 2018				April 1, 2017
	Weighted Average Useful Lives		Gross Carrying Amount		Accumulated Amortization		Gross Carrying Amount		Accumulated Amortization
Product approvals		24	$	50,878	$	8,351	$	53,869	$	6,465
Customer relationships and lists		24		106,583		16,499		107,864		12,308
Trade names		10		18,734		6,765		19,923		5,137
Distributor agreements		5		722		722		722		722
Patents and trademarks		16		9,657		4,810		8,803		4,130
Domain names		10		437		430		437		386
Other		6		1,433		1,303		1,174		1,043
Non-amortizable repair station certifications		n/a		34,200		—		34,200		—
Total			$	222,644	$	38,880	$	226,992	$	30,191

Amortization expense for definite-lived intangible assets during fiscal years 2018, 2017 and 2016 was $9,344, $9,272 and $9,000, respectively. Estimated amortization expense for the five succeeding fiscal years and thereafter is as follows:

2019	$	9,054
2020		8,947
2021		8,896
2022		8,779
2023		8,695
2024 and thereafter		105,193

- Definition

The entire disclosure for the aggregate amount of goodwill and a description of intangible assets, which may include (a) for amortizable intangible assets (also referred to as finite-lived intangible assets), the carrying amount, the amount of any significant residual value, and the weighted-average amortization period, (b) for intangible assets not subject to amortization (also referred to as indefinite-lived intangible assets), the carrying amount, and (c) the amount of research and development assets acquired and written off in the period, including the line item in the income statement in which the amounts written off are aggregated, if not readily apparent from the income statement. Also discloses (a) for amortizable intangibles assets in total and by major class, the gross carrying amount and accumulated amortization, the total amortization expense for the period, and the estimated aggregate amortization expense for each of the five succeeding fiscal years, (b) for intangible assets not subject to amortization the carrying amount in total and by major class, and (c) for goodwill, in total and for each reportable segment, the changes in the carrying amount of goodwill during the period (including the aggregate amount of goodwill acquired, the aggregate amount of impairment losses recognized, and the amount of goodwill included in the gain (loss) on disposal of a reporting unit). If any part of goodwill has not been allocated to a reportable segment, discloses the unallocated amount and the reasons for not allocating. For each impairment loss recognized related to an intangible asset (excluding goodwill), discloses: (a) a description of the impaired intangible asset and the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method for determining fair value, (c) the caption in the income statement or the statement of activities in which the impairment loss is aggregated, and (d) the segment in which the impaired intangible asset is reported. For each goodwill impairment loss recognized, discloses: (a) a description of the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method of determining the fair value of the associated reporting unit, and (c) if a recognized impairment loss is an estimate not finalized and the reasons why the estimate is not final. May also disclose the nature and amount of any significant adjustments made to a previous estimate of an impairment loss.

+ References + Details

Accrued Expenses and Other Current Liabilities

12 Months Ended

Mar. 31, 2018

Other Liabilities, Noncurrent [Abstract]

Accrued Expenses and Other Current Liabilities

Accrued Expenses and Other Current Liabilities

The significant components of accrued expenses and other current liabilities are as follows:

	March 31, 2018		April 1, 2017
Employee compensation and related benefits	$	14,240	$	12,262
Taxes		2,939		2,501
Deferred revenue		13,613		17,974
Workers compensation		2,086		2,548
Legal		1,228		1,533
Other		6,671		7,714
	$	40,777	$	44,532

Debt

12 Months Ended

Mar. 31, 2018

Debt Instruments [Abstract]

Debt

Debt

Credit Facility

In connection with the Sargent Aerospace & Defense (“Sargent”) acquisition on April 24, 2015, the Company entered into a credit agreement (the “Credit Agreement”) and related Guarantee, Pledge Agreement and Security Agreement with Wells Fargo Bank, National Association, as Administrative Agent, Collateral Agent, Swingline Lender and Letter of Credit Issuer and the other lenders party thereto and terminated the JP Morgan Credit Agreement. The Credit Agreement provides RBCA, as Borrower, with (a) a $200,000 Term Loan and (b) a $350,000 Revolver and together with the Term Loan (the “Facilities”). The Facilities expire on April 24, 2020.

Amounts outstanding under the Facilities generally bear interest at (a) a base rate determined by reference to the higher of (1) Wells Fargo’s prime lending rate, (2) the federal funds effective rate plus 1/2 of 1% and (3) the one-month LIBOR rate plus 1% or (b) LIBOR rate plus a specified margin, depending on the type of borrowing being made. The applicable margin is based on the Company’s consolidated ratio of total net debt to consolidated EBITDA from time to time. Currently, the Company’s margin is 0.00% for base rate loans and 1.00% for LIBOR rate loans. As of March 31, 2018, there was $500 outstanding under the Revolver and $168,750 outstanding under the Term Loan, offset by $2,968 in debt issuance costs (original amount was $7,122).

The Credit Agreement requires the Company to comply with various covenants, including among other things, financial covenants to maintain the following: (1) a ratio of consolidated net debt to adjusted EBITDA, not to exceed 3.50 to 1; and (2) a consolidated interest coverage ratio not to be less than 2.75 to 1. The Credit Agreement allows the Company to, among other things, make distributions to shareholders, repurchase its stock, incur other debt or liens, or acquire or dispose of assets provided that the Company complies with certain requirements and limitations of the agreement. As of March 31, 2018, the Company was in compliance with all such covenants.

The Company’s obligations under the Credit Agreement are secured as well as providing for a pledge of substantially all of the Company’s and RBCA’s assets. The Company and certain of its subsidiaries have also entered into a Guarantee to guarantee RBCA’s obligations under the Credit Agreement.

Approximately $3,990 of the Revolver is being utilized to provide letters of credit to secure RBCA’s obligations relating to certain insurance programs. As of March 31, 2018, RBCA has the ability to borrow up to an additional $345,510 under the Revolver.

Other Notes Payable

On October 1, 2012, one of our foreign divisions, Schaublin, purchased the land and building, which it occupied and had been leasing, for 14,067 CHF (approximately $14,910). Schaublin obtained a 20-year fixed-rate mortgage of 9,300 CHF (approximately $9,857) at an interest rate of 2.9%. The balance of the purchase price of 4,767 CHF (approximately $5,053) was paid from cash on hand. The balance on this mortgage as of March 31, 2018 was 6,743 CHF, or $7,073.

The balances payable under all borrowing facilities are as follows:

	March 31, 2018			April 1, 2017
Revolver and term loan facilities	$	169,250		$	267,000
Debt issuance cost		(2,968	)		(4,392	)
Other		7,073			7,192
Total debt		173,355			269,800
Less: current portion		19,238			14,214
Long-term debt	$	154,117		$	255,586

The current portion of long-term debt as of both March 31, 2018 and April 1, 2017 includes the current portion of the Schaublin mortgage and the current portion of the revolver and term loan facilities.

Cash interest paid during fiscal years 2018, 2017, and 2016 was $6,227, $7,279, and $7,664, respectively.

The Company’s required future annual principal payments for the next five years and thereafter are $19,238 for fiscal 2019, $24,238 for fiscal 2020, $127,238 for fiscal 2021, $488 for fiscal 2022, $488 for fiscal 2023 and $4,633 thereafter.

Other Non-Current Liabilities

12 Months Ended

Mar. 31, 2018

Other Liabilities, Noncurrent [Abstract]

Other Non-Current Liabilities

10.

Other Non-Current Liabilities

The significant components of other non-current liabilities consist of:

	March 31, 2018		April 1, 2017
Non-current pension liability, net	$	—	$	1,895
Other postretirement benefits		2,450		2,744
Non-current income tax liability		20,176		13,492
Deferred compensation		13,620		11,195
Other		884		1,717
	$	37,130	$	31,043

Pension Plan

12 Months Ended

Mar. 31, 2018

Retirement Benefits [Abstract]

Pension Plan

11.

Pension Plan

At March 31, 2018, the Company has one consolidated noncontributory defined benefit pension plan covering union employees in its Heim division plant in Fairfield, Connecticut, its Bremen subsidiary plant in Plymouth, Indiana and former union employees of the Tyson subsidiary in Glasgow, Kentucky and the Nice subsidiary in Kulpsville, Pennsylvania.

Plan assets are comprised primarily of equity and fixed income investments, as follows:

	March 31, 2018		April 1, 2017
Cash and cash equivalents	$	1,107	$	10,277
U.S. equity mutual funds		18,881		8,978
International equity mutual funds		1,985		—
Fixed income mutual funds		2,936		3,899
	$	24,909	$	23,154

The fair value of the above investments is determined using quoted market prices of identical instruments. Therefore, the valuation inputs within the fair value hierarchy established by ASC 820 are classified as Level 1 of the valuation hierarchy.

The following tables set forth the funded status of the Company’s defined benefit pension plan and the amount recognized in the balance sheet at March 31, 2018 and April 1, 2017:

	March 31, 2018			April 1, 2017
Change in benefit obligation:
Benefit obligation at beginning of year	$	25,049		$	26,917
Service cost		232			251
Interest cost		904			889
Actuarial gain		(38	)		(1,452	)
Benefits paid		(1,577	)		(1,556	)
Benefit obligation at end of year	$	24,570		$	25,049
Change in plan assets:
Fair value of plan assets at beginning of year	$	23,154		$	22,731
Actual return on plan assets		1,832			479
Employer contributions		1,500			1,500
Benefits paid		(1,577	)		(1,556	)
Fair value of plan assets at end of year	$	24,909		$	23,154

Over(Under)funded status at end of year	$	339		$	(1,895	)

Amounts recognized in the consolidated balance sheet:

Non-current assets	$	339	$	—
Non-current liabilities		—		(1,895	)
Net asset (liability) recognized	$	339	$	(1,895	)

Amounts recognized in accumulated other comprehensive loss:

Prior service cost	$	71	$	106
Net actuarial loss		7,596		9,064
Accumulated other comprehensive loss	$	7,667	$	9,170

Amounts included in accumulated other comprehensive loss expected to be recognized as components of net periodic benefit cost in 2019:

Prior service cost	$	35
Net actuarial loss		916
Total	$	951

Benefits under the union plans are not a function of employees’ salaries; thus, the accumulated benefit obligation equals the projected benefit obligation.

The following table sets forth net periodic benefit cost of the Company’s plan for the three fiscal years in the period ended March 31, 2018:

	Fiscal Year Ended
	March 31, 2018			April 1, 2017			April 2, 2016
Components of net periodic benefit cost:
Service cost	$	232		$	251		$	272
Interest cost		904			889			920
Expected return on plan assets		(1,610	)		(1,581	)		(1,615	)
Amortization of prior service cost		35			60			66
Amortization of losses		1,207			1,394			1,343
Net periodic benefit cost	$	768		$	1,013		$	986

The assumptions used in determining the net periodic benefit cost information are as follows:

	FY 2018			FY 2017			FY 2016
Discount rate		3.70	%		3.40	%		3.40	%
Expected long-term rate of return on plan assets		7.00	%		7.00	%		7.00	%

The discount rate used in determining the funded status as of March 31, 2018 and April 1, 2017 was 3.70%.

To determine the postretirement net periodic benefit costs in fiscal 2018, the RP-2014 adjusted to 2006 blue collar mortality table projected to the measurement date with Scale MP-2017 was used. To determine the postretirement net periodic benefit costs in fiscal 2017, the RP-2014 adjusted to 2006 blue collar mortality table projected to the measurement date with Scale MP-2016 was used and for fiscal 2016 the RP-2014 adjusted to 2006 blue collar mortality table with Scale MP-2015 was used.

In developing the overall expected long-term return on plan assets assumption, a building block approach was used in which rates of return in excess of inflation were considered separately for equity securities and debt securities. The excess returns were weighted by the representative target allocation and added along with an appropriate rate of inflation to develop the overall expected long-term return on plan assets assumption. The Company’s long-term target allocation of plan assets is 70% equity and 30% fixed income investments.

The Company’s investment program objective is to achieve a rate of return on plan assets which will fund the plan liabilities and provide for required benefits while avoiding undue exposure to risk to the plan and increases in funding requirements.

The following benefit payments, which reflect future service as appropriate, are expected to be paid. The benefit payments are based on the same assumptions used to measure the Company’s benefit obligation at the end of fiscal 2018:

2019	$	1,654
2020		1,692
2021		1,707
2022		1,720
2023		1,725
2024-2028		8,272

Although no contributions are required for fiscal 2019, the Company expects to make cash contributions in the $750 to $1,500 range.

One of the Company’s foreign operations, Schaublin, sponsors a pension plan for its approximately 146 employees in conformance with Swiss pension law. The plan is funded with a reputable (S&P rating A+) Swiss insurer. Through the insurance contract, the Company has effectively transferred all investment and mortality risk to the insurance company, which guarantees the federally mandated annual rate of return and the conversion rate at retirement. As a result, the plan has no unfunded liability; the interest cost is exactly offset by actual return. Thus, the net periodic cost is equal to the amount of annual premium paid by the Company. For fiscal years 2018, 2017 and 2016, the Company made contribution and premium payments equal to $889, $875 and $861, respectively.

The Company also has defined contribution plans under Section 401(k) of the Internal Revenue Code for all of its employees not covered by a collective bargaining agreement. Employer contributions under this plan, ranging from 10%-100% of eligible amounts contributed by employees, amounted to $1,714, $1,585 and $1,354 in fiscal 2018, 2017 and 2016, respectively.

Effective September 1, 1996, the Company adopted a non-qualified Supplemental Executive Retirement Plan (“SERP”) for a select group of highly compensated management employees designated by the Board of the Company. The SERP allowed eligible employees to elect to defer, until termination of their employment, the receipt of up to 25% of their salary. In August 2008, the plan was modified, allowing eligible employees to elect to defer up to 75% of their current salary and up to 100% of bonus compensation. Employer contributions under this plan equal the lesser of 25% of the deferrals, or 1.75% of the employee’s annual salary, which vest in full after one year of service following the effective date of the SERP. Employer contributions under this plan amounted to $271, $256 and $214 in fiscal 2018, 2017 and 2016, respectively.

Postretirement Health Care and Life Insurance Benefits

12 Months Ended

Mar. 31, 2018

Defined Contribution Plan [Abstract]

Postretirement Health Care and Life Insurance Benefits

12.

Postretirement Health Care and Life Insurance Benefits

The Company, for the benefit of employees at its Heim, West Trenton, Bremen and PIC facilities and former union employees of its Tyson and Nice subsidiaries, sponsors contributory defined benefit health care plans that provide postretirement medical and life insurance benefits to union employees who have attained certain age and/or service requirements while employed by the Company. The plans are unfunded and costs are paid as incurred. Postretirement benefit obligations are included in “Accrued expenses and other current liabilities” and “Other non-current liabilities” in the consolidated balance sheet.

The following table set forth the funded status of the Company’s postretirement benefit plans, the amount recognized in the balance sheet at March 31, 2018 and April 1, 2017:

	March 31, 2018			April 1, 2017
Change in benefit obligation:
Benefit obligation at beginning of year	$	2,963		$	3,222
Service cost		33			42
Interest cost		98			102
Actuarial gain		(297	)		(281	)
Benefits paid		(126	)		(122	)
Benefit obligation at end of year	$	2,671		$	2,963
Change in plan assets:
Fair value of plan assets at beginning of year	$	—		$	—
Company contributions		126			122
Benefits paid		(126	)		(122	)
Fair value of plan assets at end of year	$	—		$	—
Underfunded status at end of year	$	(2,671	)	$	(2,963	)
Amounts recognized in the consolidated balance sheet:
Current liability	$	(221	)	$	(219	)
Non-current liability		(2,450	)		(2,744	)
Net liability recognized	$	(2,671	)	$	(2,963	)
Amounts recognized in accumulated other comprehensive loss:
Prior service cost	$	15		$	19
Net actuarial loss		(85	)		207
Accumulated other comprehensive loss	$	(70	)	$	226

Amounts included in accumulated other comprehensive loss expected to be recognized as components of net periodic benefit cost in 2019:
Prior service cost	$	3
Net actuarial loss		(14	)
Total	$	(11	)

	Fiscal Year Ended
Components of net periodic benefit cost:	March 31, 2018			April 1, 2017		April 2, 2016
Service cost	$	33		$	41	$	54
Interest cost		98			102		107
Prior service cost amortization		3			3		3
Amount of loss recognized		(4	)		26		37
Net periodic benefit cost	$	130		$	172	$	201

The Company measures its plans as of the last day of the fiscal year.

The plans contractually limit the benefit to be provided for certain groups of current and future retirees. As a result, there is no health care trend associated with these groups. The discount rate used in determining the accumulated postretirement benefit obligation was 3.70% at March 31, 2018 and 3.70% at April 1, 2017. The discount rate used in determining the net periodic benefit cost was 3.70% for fiscal 2018, 3.40% for fiscal 2017, and 3.40% for fiscal 2016. To determine the postretirement net periodic benefit costs in fiscal 2018, the RP-2014 adjusted to 2006 blue collar mortality table projected to the measurement date with Scale MP-2017 was used. To determine the postretirement net periodic benefit costs in fiscal 2017, the RP-2014 adjusted to 2006 blue collar mortality table projected to the measurement date with Scale MP-2016 was used and for fiscal 2016 the RP-2014 adjusted to 2006 blue collar mortality table with Scale MP-2015 was used.

2019	$	221
2020		223
2021		215
2022		193
2023		201
2024-2028		945

Income Taxes

12 Months Ended

Mar. 31, 2018

Income Tax Disclosure [Abstract]

Income Taxes

13.

Income Taxes

Income before income taxes for the Company’s domestic and foreign operations is as follows:

	Fiscal Year Ended
	March 31, 2018		April 1, 2017		April 2, 2016
Domestic	$	116,513	$	94,629	$	83,622
Foreign		3,338		10,255		11,163
Total income before income taxes	$	119,851	$	104,884	$	94,785

The provision for (benefit from) income taxes consists of the following:

	Fiscal Year Ended
	March 31, 2018			April 1, 2017			April 2, 2016
Current tax expense:
Federal	$	28,555		$	21,903		$	26,281
State		1,313			887			1,960
Foreign		3,544			3,148			2,986
		33,412			25,938			31,227
Deferred tax expense:
Federal		(273	)		8,299			(279	)
State		457			245			342
Foreign		(886	)		(221	)		(399	)
		(702	)		8,323			(336	)
Total income taxes	$	32,710		$	34,261		$	30,891

On December 22, 2017, the United States enacted significant changes to the U.S. tax law following the passage and signing of the Tax Cuts and Jobs Act (“TCJA” or “the Act”). The legislation significantly changes U.S. tax law by, among other things, lowering corporate income tax rates, implementing a territorial tax system and imposing a one-time repatriation tax on undistributed foreign earnings. The Act permanently reduces the U.S. corporate income tax rate from 35% to 21% effective for tax years beginning after December 31, 2017. The primary impacts of the TCJA reflected in the consolidated financial statements relate to the remeasurement of deferred tax assets and liabilities resulting from the change in the corporate rate and a one-time mandatory transition tax on accumulated earnings of foreign subsidiaries. The SEC provided guidance that allows the Company to record provisional amounts if the accounting assessment is incomplete for impacts of the Act, with the requirement that the accounting be finalized in a period not to exceed one year form the date of enactment. As of March 31, 2018 the Company has not completed the accounting for the tax effects of the Act. Therefore, the Company has recorded provisional amounts for certain effects of the TCJA. These estimates may be impacted by the need for further analysis and future clarification and guidance regarding available tax accounting methods and elections, earnings and profits computations and state conformity to federal changes.

The Company recorded a net tax benefit of $152 in fiscal 2018 resulting from the TCJA. The provisional benefit recognized related to the remeasurement of certain deferred tax assets and liabilities based on the rates at which they are expected to reverse was $9,318. The provisional expense recognized related to the one one-time mandatory deemed repatriation of foreign earnings was $9,166 of which the Company will elect to pay the one-time tax over a period of eight years.

An analysis of the difference between the provision for income taxes and the amount computed by applying the U.S. statutory income tax rate to pre-tax income follows:

	Fiscal Year Ended
	March 31, 2018			April 1, 2017			April 2, 2016
Income taxes using U.S. federal statutory rate	$	37,825		$	36,710		$	33,175
State income taxes, net of federal benefit		1,221			676			1,493
Domestic production activities deduction		(1,374	)		(1,803	)		(2,320	)
Revaluation of deferred tax liabilities due to federal rate change		(9,318	)		—			—
Stock based compensation		(4,905	)		—			—
Foreign rate differential		1,604			(662	)		(1,321	)
Transition tax		9,166			—			—
Research and development credits		(1,293	)		(1,163	)		(1,144	)
U.S. unrecognized tax positions		452			(290	)		181
Other - net		(668	)		793			827
	$	32,710		$	34,261		$	30,891

Net deferred tax assets (liabilities) are comprised of the following:

	March 31, 2018			April 1, 2017
Deferred tax assets (liabilities):
Postretirement benefits	$	577		$	1,018
Employee compensation accruals		2,193			4,128
Net operating losses		682			443
Inventory		7,688			12,110
Stock compensation		4,917			6,455
Pension		(78	)		698
State tax		1,134			1,466
Other		3,774			3,947
Total gross deferred tax assets		20,887			30,265
Valuation allowance		(2,318	)		(919	)
Total deferred tax assets	$	18,569		$	29,346


Deferred tax liabilities:
Property, plant and equipment		(13,648	)		(19,548	)
Intangible assets		(16,670	)		(21,834	)
Total deferred tax liabilities		(30,318	)		(41,382	)

Total net deferred tax assets (liabilities)	$	(11,749	)	$	(12,036	)

The Company evaluates deferred tax assets to ensure that the estimated future taxable income will be sufficient in character (i.e. capital versus ordinary income treatment), amount and timing to result in their recovery. After considering the positive and negative evidence, a valuation allowance has been recorded on certain state credits and state net operating losses as it is more likely than not (i.e. greater than a 50% likelihood) that these items will not be utilized. For the Company’s fiscal year ended March 31, 2018 the valuation allowance increased by $1,400 which pertained to an increase of state and foreign credits. For the Company’s fiscal year ended April 1, 2017 the valuation allowance increased by $339 which pertained to an increase of state credits. These valuation allowances are required because management has determined, based on financial projections and available tax strategies, that it is unlikely the net operating losses and credits will be utilized before they expire. If events or circumstances change, valuation allowances are adjusted at that time resulting in an income tax benefit or charge.

At March 31, 2018, the Company has state net operating losses in different jurisdictions at varying amounts up to $9,338, which expire at various dates through 2038. At March 31, 2018, the Company has state credits in different jurisdictions at varying amounts up to $3,440 which will expire at various dates through 2038. At March 31, 2018, the Company has foreign credits in different jurisdictions at varying amounts up to $936 which will expire at various dates through 2038.

The TCJA required a mandatory deemed repatriation of certain undistributed earnings of the Company’s foreign subsidiaries as of December 31, 2017. If the earnings were distributed in the form of cash dividends, the Company would not be subject to additional U.S. income taxes but could be subject to foreign income and withholding taxes. Under accounting standards (ASC 740) a deferred tax liability is not recorded for the excess of the tax basis over the financial reporting (book) basis of an investment in a foreign subsidiary if the indefinite reinvestment criteria is met. A provision has not been made for additional U.S. federal and foreign taxes at March 31, 2018 of approximately $2,165 of undistributed earnings of foreign subsidiaries because the Company intends to reinvest these funds indefinitely to support foreign growth opportunities. It is not practicable to estimate the unrecognized deferred tax liability on these undistributed earnings. These earnings could become subject to additional tax under certain circumstances including, but not limited to, loans to the Company, or upon sale or pledging of the subsidiary’s stock.

Uncertain Tax Positions

Unrecognized income tax benefits represent income tax positions taken on income tax returns but not yet recognized in the consolidated financial statements. If recognized, substantially all of the unrecognized tax benefits for the Company’s fiscal years ended March 31, 2018 and April 1, 2017 would affect the effective income tax rate.

A reconciliation of the beginning and ending amount of unrecognized tax benefits is as follows:

	March 31, 2018			April 1, 2017			April 2, 2016
Balance, beginning of year	$	13,775		$	14,297		$	5,514
Gross (decreases) increases – tax positions taken during a prior period		(2,475	)		(488	)		248
Gross increases – tax positions taken during the current period		1,146			1,280			8,745
Reductions due to settlement with taxing authorities		—			(223	)		—
Reductions due to lapse of the applicable statute of limitations		(511	)		(1,091	)		(210	)
Balance, end of year	$	11,935		$	13,775		$	14,297

The Company recognizes the interest and penalties accrued related to unrecognized tax benefits in income tax expense. The Company recognized an expense of $284 and a benefit of $36 of interest and penalties on its statement of operations for the fiscal years ended March 31, 2018 and April 1, 2017, respectively. The Company has approximately $1,148 and $864 of accrued interest and penalties at March 31, 2018 and April 1, 2017, respectively.

The Company believes it is reasonably possible that some of its unrecognized tax positions may be effectively settled by the end of the Company’s fiscal year ending March 30, 2019 due to the closing of audits and the statute of limitations expiring in varying jurisdictions. The decrease, pertaining primarily to federal and state credits and state tax, is estimated to be $1,777.

Cash outflows for income taxes during fiscal years 2018, 2017, and 2016 were $21,045, $29,699, and $21,305 respectively.

The Company files income tax returns in the U.S. federal jurisdiction, and various states and foreign jurisdictions. With few exceptions, the Company is no longer subject to state or foreign income tax examinations by tax authorities for years ending before April 2, 2005. The Company is no longer subject to U.S. federal tax examination by the Internal Revenue Service for years ending before March 28, 2015. A U.S. federal tax examination by the Internal Revenue Service for the year ended March 30, 2013 was effectively settled in fiscal 2016.

Stockholders' Equity

12 Months Ended

Mar. 31, 2018

Stockholders' Equity Note [Abstract]

Stockholders' Equity

14.

Stockholders’ Equity

Long-Term Equity Incentive Plans

2005 Long-Term Incentive Plan

The 2005 Long-Term Incentive Plan provides for grants of stock options, stock appreciation rights, restricted stock and performance awards. Directors, officers and other employees and persons who engage in services for the Company are eligible for grants under the Plan. The purpose of the Plan is to provide these individuals with incentives to maximize stockholder value and otherwise contribute to the Company’s success and to enable the Company to attract, retain and reward the best available persons for positions of responsibility.

1,139,170 shares of common stock were authorized for issuance under the Plan, subject to adjustment in the event of a reorganization, stock split, merger or similar change in the Company’s corporate structure or in the outstanding shares of common stock. An amendment to increase the number of shares available for issuance under the 2005 Long-Term Incentive Plan from 1,139,170 to 1,639,170 was approved by shareholder vote in September 2006. A further amendment to increase the number of shares available for issuance under the 2005 Long-Term Incentive Plan from 1,639,170 to 2,239,170 was approved by shareholder vote in September 2007. A further amendment to increase the number of shares available for issuance under the 2005 Long-Term Incentive Plan from 2,239,170 to 2,939,170 was approved by shareholder vote in September, 2010. The Company may grant shares of restricted stock to its employees and directors in the future under the Plan. The Company’s Compensation Committee will administer the Plan. The Company’s Board also has the authority to administer the Plan and to take all actions that the Compensation Committee is otherwise authorized to take under the Plan. The terms and conditions of each award made under the Plan, including vesting requirements, is set forth consistent with the Plan in a written agreement with the grantee.

2013 Long-Term Incentive Plan

The 2013 Long-Term Incentive Plan provides for grants of stock options, stock appreciation rights, restricted stock and performance awards. The purpose of the Plan is to provide our directors, officers and other employees and persons who engage in services for us with incentives to maximize stockholder value and otherwise contribute to our success and to enable us to attract, retain and reward the best available persons for positions of responsibility.

1,500,000 shares of common stock were authorized for issuance under the Plan, subject to adjustment in the event of a reorganization, stock split, merger or similar change in the Company’s corporate structure or in the outstanding shares of common stock. The Company may grant shares of restricted stock to its employees and directors in the future under the Plan. The Company’s Compensation Committee will administer the Plan. The Company’s Board also has the authority to administer the Plan and to take all actions that the Compensation Committee is otherwise authorized to take under the Plan. The terms and conditions of each award made under the Plan, including vesting requirements, is set forth consistent with the Plan in a written agreement with the grantee.

2017 Long-Term Incentive Plan

The 2017 Long-Term Incentive Plan provides for grants of stock options, stock appreciation rights, restricted stock and performance awards. Directors, officers and other employees and persons who engage in services for the Company are eligible for grants under the Plan. The purpose of the Plan is to provide these individuals with incentives to maximize stockholder value and otherwise contribute to the Company’s success and to enable the Company to attract, retain and reward the best available persons for positions of responsibility.

Stock Options. Under the 2005, 2013 and 2017 Long-Term Incentive Plans, the Compensation Committee or the Board may approve the award of grants of incentive stock options and other non-qualified stock options. The Compensation Committee also has the authority to approve the grant of options that will become fully vested and exercisable automatically upon a change in control. The Compensation Committee may not, however, approve an award to any one person in any calendar year for options to purchase common stock equal to more than 10% of the total number of shares authorized under the Plan, and it may not approve an award of incentive options first exercisable in any calendar year whose underlying shares have a fair market value greater than $100,000 determined at the time of grant. The Compensation Committee will approve the exercise price and term of any option in its discretion; however, the exercise price may not be less than 100% of the fair market value of a share of common stock on the date of grant. Under the 2005 Long-Term Incentive Plan, any incentive stock option must be exercised within 10 years of the date of grant. Under the 2013 Long-Term Incentive Plan, any incentive stock option must be exercised within 7 years of the date of grant. Under the 2017 Long-Term Incentive Plan, any incentive stock option must be exercised within 10 years of the date of grant. Under all three Plans, the exercise price of an incentive option awarded to a person who owns stock constituting more than 10% of the Company’s voting power may not be less than 110% of such fair market value on such date and the option must be exercised within five years of the date of grant. As of March 31, 2018, there were outstanding options to purchase 138,500 shares of common stock granted under the 2005 Long-Term Incentive Plan, 99,800 of which were exercisable. There were 798,917 outstanding options to purchase shares of common stock granted under the 2013 Long-Term Incentive Plan, 170,292 of which were exercisable. There were no outstanding options to purchase shares of common stock granted under the 2017 Long-Term Incentive Plan.

Restricted Stock. Under the 2005, 2013 and 2017 Long-Term Incentive Plans, the Compensation Committee may approve the award of restricted stock subject to the conditions and restrictions, and for the duration that it determines in its discretion. Under the 2017 Long-Term Incentive Plan, the number of shares that may be used for restricted stock or restricted unit grants under the Plan may not exceed fifty percent (50%) of the total authorized number of Shares pursuant to the Plan. As of March 31, 2018, there were 9,259 and 295,719 shares of restricted stock outstanding under the 2005 and 2013 Long-Term Incentive Plans, respectively. There were no shares of restricted stock outstanding under the 2017 Long-Term Incentive Plan as of March 31, 2018.

Stock Appreciation Rights. The Compensation Committee may approve the grant of stock appreciation rights, or SARs, subject to the terms and conditions contained in the Plan. Under the 2005, 2013 and 2017 Long-Term Incentive Plans, the exercise price of a SAR must equal the fair market value of a share of the Company’s common stock on the date the SAR was granted. Upon exercise of a SAR, the grantee will receive an amount in shares of our common stock equal to the difference between the fair market value of a share of common stock on the date of exercise and the exercise price of the SAR, multiplied by the number of shares as to which the SAR is exercised.

Performance Awards. The Compensation Committee may approve the grant of performance awards contingent upon achievement by the grantee or by the Company, of set goals and objectives regarding specified performance criteria, over a specified performance cycle. Awards may include specific dollar-value target awards, performance units, the value of which is established at the time of grant, and/or performance shares, the value of which is equal to the fair market value of a share of common stock on the date of grant. The value of a performance award may be fixed or fluctuate on the basis of specified performance criteria. A performance award may be paid out in cash and/or shares of common stock or other securities.

Amendment and Termination of the Plan. The Board may amend or terminate the 2005, 2013 and 2017 Long-Term Incentive Plans at its discretion, except that no amendment will become effective without prior approval of the Company’s stockholders if such approval is necessary for continued compliance with the performance-based compensation exception of Section 162(m) of the Internal Revenue Code or any stock exchange listing requirements. The 2005 Long-Term Incentive Plan terminated on the tenth anniversary of its adoption. Subject to the provisions of an Award Agreement, which may be more restrictive, no termination of the Plan shall materially and adversely affect any of the rights or obligations of any person, without his or her written consent, under any grant of options or other incentives theretofore granted under the Plan.

A summary of the status of the Company’s stock options outstanding as of March 31, 2018 and changes during the year then ended is presented below. All cashless exercises of options and warrants are handled through an independent broker.

	Number Of Common Stock Options			Weighted Average Exercise Price		Weighted Average Contractual Life (Years)		Intrinsic Value
Outstanding, April 1, 2017		975,974		$	63.30		5.2	$	32,976
Awarded		217,280			104.85
Exercised		(255,732	)		51.91
Forfeitures		(105	)		116.25
Outstanding, March 31, 2018		937,417		$	76.03		5.2	$	45,151

Exercisable, March 31, 2018		270,092		$	62.10		4.0	$	16,773

The fair value for the Company’s options was estimated at the date of grant using the Black-Scholes option pricing model with the following weighted-average assumptions, which are updated to reflect current expectations of the dividend yield, expected life, risk-free interest rate and using historical volatility to project expected volatility:

	Fiscal Year Ended
	March 31, 2018			April 1, 2017			April 2, 2016
Dividend yield		0.00	%		0.00	%		0.00	%
Expected weighted-average life (yrs.)		5.0			5.0			5.0
Risk-free interest rate		2.02	%		1.17	%		1.70	%
Expected volatility		24.17	%		28.45	%		31.25	%

The weighted average fair value per share of options granted was $26.73 in fiscal 2018, $20.58 in fiscal 2017and $22.05 in fiscal 2016.

As of March 31, 2018, there was $11,983 of unrecognized compensation costs related to options which is expected to be recognized over a weighted average period of 3.4 years. The total fair value of options that vested in fiscal 2018, 2017 and 2016 was $27,113, $19,899, $12,126, respectively. The total intrinsic value of options exercised in fiscal 2018, 2017 and 2016 was $16,002, $21,188 and $7,219, respectively.

Of the total awards outstanding at March 31, 2018, 924,595 are either fully vested or are expected to vest. These shares have a weighted average exercise price of $76.01, an intrinsic value of $44,557, and a weighted average contractual term of 5.2 years.

A summary of the status of the Company’s restricted stock outstanding as of March 31, 2018 and the changes during the year then ended is presented below.

	Number Of Restricted Stock Shares			Weighted-Average Grant Date Fair Value
Non-vested, April 1, 2017		318,391		$	73.02
Granted		116,273			108.06
Vested		(123,572	)		69.44
Forfeitures		(6,114	)		77.18
Non-vested, March 31, 2018		304,978		$	87.75

The Company recorded $5,635 (net of taxes of $3,282) in compensation in fiscal 2018 related to restricted stock awards. These awards were valued at the fair market value of the Company’s common stock on the date of issuance and are being amortized as expense over the applicable vesting period. Unrecognized expense for restricted stock was $21,141 at March 31, 2018. This cost is expected to be recognized over a weighted average period of approximately 3.1 years.

Commitments and Contingencies

12 Months Ended

Mar. 31, 2018

Commitments and Contingencies Disclosure [Abstract]

Commitments and Contingencies

15.

Commitments and Contingencies

The Company leases facilities under non-cancelable operating leases, which expire on various dates through February 2028, with rental expense aggregating $5,440, $5,548 and $5,101 in fiscal 2018, 2017 and 2016, respectively.

The Company also has non-cancelable operating leases for transportation, computer and office equipment, which expire at various dates. Rental expense for fiscal 2018, 2017 and 2016 aggregated $1,721, $1,656 and $1,606, respectively.

Certain of the above leases are renewable while none contain material contingent rent or concession clauses.

The aggregate future minimum lease payments under operating leases are as follows:

2019	$	6,384
2020		4,656
2021		3,925
2022		2,732
2023		2,501
2024 and thereafter		3,525

As of March 31, 2018, approximately 8.5% of the Company’s hourly employees in the U.S. and abroad were represented by labor unions.

The Company enters into government contracts and subcontracts that are subject to audit by the government. In the opinion of the Company’s management, the results of such audits, if any, are not expected to have a material impact on the cash flows, financial condition or results of operations of the Company.

For fiscal 2018, 2017 and 2016, there were no audits by the government, the results of which, in the opinion of the Company’s management, had a material impact on the cash flows, financial condition or results of operations of the Company.

The Company is subject to federal, state and local environmental laws and regulations, including those governing discharges of pollutants into the air and water, the storage, handling and disposal of wastes and the health and safety of employees. The Company also may be liable under the Comprehensive Environmental Response, Compensation, and Liability Act or similar state laws for the costs of investigation and cleanup of contamination at facilities currently or formerly owned or operated by the Company, or at other facilities at which the Company may have disposed of hazardous substances. In connection with such contamination, the Company may also be liable for natural resource damages, government penalties and claims by third parties for personal injury and property damage. Agencies responsible for enforcing these laws have authority to impose significant civil or criminal penalties for non-compliance. The Company believes it is currently in material compliance with all applicable requirements of environmental laws. The Company does not anticipate material capital expenditures for environmental compliance in fiscal years 2019 or 2020.

Investigation and remediation of contamination is ongoing at some of the Company’s sites. In particular, state agencies have been overseeing groundwater monitoring activities at the Company’s facility in Hartsville, South Carolina and a corrective action plan at the Company’s facility in Clayton, Georgia. At Hartsville, the Company is monitoring low levels of contaminants in the groundwater caused by former operations. Plans are currently underway to conclude remediation and monitoring activities. In connection with the purchase of the Fairfield, Connecticut facility in 1996, the Company agreed to assume responsibility for completing clean-up efforts previously initiated by the prior owner. The Company submitted data to the state that the Company believes demonstrates that no further remedial action is necessary, although the state may require additional clean-up or monitoring. In connection with the purchase of the Company’s Clayton, Georgia facility, the Company agreed to take assignment of the hazardous waste permit covering such facility and to assume certain responsibilities to implement a corrective action plan concerning the remediation of certain soil and groundwater contamination present at that facility. The corrective action plan is ongoing. Although there can be no assurance, the Company does not expect the costs associated with the above sites to be material.

From time to time, we are involved in litigation and administrative proceedings which arise in the ordinary course of our business. We do not believe that any litigation or proceeding in which we are currently involved, including those discussed below, either individually or in the aggregate, is likely to have a material adverse effect on our business, financial condition, operating results, cash flow or prospects.

Other, Net

12 Months Ended

Mar. 31, 2018

Other Net

Other, Net

16.

Other, Net

Other, net is comprised of the following:

	Fiscal Year Ended
	March 31, 2018			April 1, 2017			April 2, 2016
Plant consolidation and restructuring costs	$	7,685		$	4,124		$	1,063
Acquisition costs		—			55			5,096
Provision for doubtful accounts		125			96			191
Amortization of intangibles		9,344			9,272			9,000
Other (income) expense		(308	)		(566	)		866
	$	16,846		$	12,981		$	16,216

Reportable Segments

12 Months Ended

Mar. 31, 2018

Segment Reporting [Abstract]

Reportable Segments

17.

Reportable Segments

The Company operates through operating segments for which separate financial information is available, and for which operating results are evaluated regularly by the Company’s chief operating decision maker in determining resource allocation and assessing performance. Those operating segments with similar economic characteristics and that meet all other required criteria, including nature of the products and production processes, distribution patterns and classes of customers, are aggregated as reportable segments.

The Company has four reportable business segments, Plain Bearings, Roller Bearings, Ball Bearings and Engineered Products, which are described below.

Plain Bearings. Plain bearings are produced with either self-lubricating or metal-to-metal designs and consists of several sub-classes, including rod end bearings, spherical plain bearings and journal bearings. Unlike ball bearings, which are used in high-speed rotational applications, plain bearings are primarily used to rectify inevitable misalignments in various mechanical components.

Roller Bearings. Roller bearings are anti-friction bearings that use rollers instead of balls. The Company manufactures four basic types of roller bearings: heavy duty needle roller bearings with inner rings, tapered roller bearings, track rollers and aircraft roller bearings.

Ball Bearings. The Company manufactures four basic types of ball bearings: high precision aerospace, airframe control, thin section and commercial ball bearings which are used in high-speed rotational applications.

Engineered Products. Engineered Products consists of highly engineered hydraulics, fasteners, collets and precision components used in aerospace, marine and industrial applications.

The accounting policies of the reportable segments are the same as those described in Part II, Item 8. “Financial Statements and Supplementary Data,” Note 2 “Summary of Significant Accounting Policies.” Segment performance is evaluated based on segment net sales and gross margin. Items not allocated to segment operating income include corporate administrative expenses and certain other amounts. Identifiable assets by reportable segment consist of those directly identified with the segment’s operations. Corporate assets consist of cash, fixed assets and certain prepaid expenses.

	Fiscal Year Ended
	March 31, 2018		April 1, 2017		April 2, 2016
Net External Sales
Plain	$	296,708	$	277,700	$	270,534
Roller		132,021		109,483		112,039
Ball		67,806		58,448		53,650
Engineered Products		178,414		169,757		161,249
	$	674,949	$	615,388	$	597,472


Gross Margin
Plain	$	115,592	$	110,215	$	103,500
Roller		55,028		41,678		47,469
Ball		27,965		22,772		21,352
Engineered Products		59,526		54,931		46,457
	$	258,111	$	229,596	$	218,778


Selling, General and Administrative Expenses
Plain	$	25,991	$	23,585	$	21,008
Roller		6,307		6,116		5,958
Ball		6,773		5,657		5,512
Engineered Products		21,071		19,065		19,631
Corporate		52,982		48,499		46,612
	$	113,124	$	102,922	$	98,721


Operating Income
Plain	$	86,334		$	81,063		$	73,289
Roller		48,699			33,821			41,270
Ball		20,919			16,593			15,182
Engineered Products		25,081			30,877			26,970
Corporate		(52,892	)		(48,661	)		(52,870	)
	$	128,141		$	113,693		$	103,841


Total Assets
Plain	$	401,248	$	371,169	$	628,531
Roller		157,012		147,226		286,418
Ball		60,000		55,788		55,675
Engineered Products		465,479		474,339		454,428
Corporate		59,012		60,325		(326,542	)
	$	1,142,751	$	1,108,847	$	1,098,510


Capital Expenditures
Plain	$	11,468	$	9,386	$	5,984
Roller		4,245		4,021		4,239
Ball		2,407		2,155		1,457
Engineered Products		7,209		4,591		5,693
Corporate		2,647		741		3,491
	$	27,976	$	20,894	$	20,864


Depreciation & Amortization
Plain	$	9,296	$	9,075	$	9,145
Roller		4,109		4,198		4,008
Ball		1,752		1,836		1,790
Engineered Products		10,777		10,443		9,411
Corporate		2,426		1,820		1,453
	$	28,360	$	27,372	$	25,807


Geographic External Sales
Domestic	$	592,818	$	540,774	$	522,405
Foreign		82,131		74,614		75,067
	$	674,949	$	615,388	$	597,472

	Fiscal Year Ended
	March 31, 2018		April 1, 2017		April 2, 2016
Geographic Long-Lived Assets
Domestic	$	150,716	$	144,389	$	145,538
Foreign		41,797		39,236		39,206
	$	192,513	$	183,625	$	184,744

Intersegment Sales
Plain	$	5,209	$	4,061	$	3,973
Roller		13,262		15,202		18,874
Ball		2,408		1,732		2,475
Engineered Products		31,857		28,955		30,341
	$	52,736	$	49,950	$	55,663

All intersegment sales are eliminated in consolidation.

Summary of Significant Accounting Policies (Policies)

12 Months Ended

Mar. 31, 2018

Accounting Policies [Abstract]

General

General

Use of Estimates

Use of Estimates

Cash and Cash Equivalents

Cash and Cash Equivalents

Inventory

Inventory

Shipping and Handling

Shipping and Handling

The sales price billed to customers includes shipping and handling, which is included in net sales. The costs to the Company for shipping and handling are included in cost of sales.

Property, Plant and Equipment

Property, Plant and Equipment

The estimated useful lives of the Company’s property, plant and equipment follows:

Buildings and improvements	20-30 years
Machinery and equipment	3-15 years
Leasehold improvements	Shorter of the term of lease or estimated useful life

Recognition of Revenue and Accounts Receivable and Concentration of Credit Risk

Recognition of Revenue and Accounts Receivable and Concentration of Credit Risk

The Company recognizes revenue only after the following four basic criteria are met:

●

Persuasive evidence of an arrangement exists;

●

Delivery has occurred or services have been rendered;

●

The seller’s price to the buyer is fixed or determinable; and

●

Collectability is reasonably assured.

Allowance for Doubtful Accounts

Allowance for Doubtful Accounts

Goodwill and Indefinite-Lived Intangible Assets

Goodwill and Indefinite-Lived Intangible Assets

Deferred Financing Costs

Deferred Financing Costs

Deferred financing costs are amortized on a straight line basis over the lives of the related credit agreements.

Income Taxes

Income Taxes

Net Income Per Common Share

Net Income Per Common Share

Basic net income per common share is computed by dividing net income available to common stockholders by the weighted-average number of common shares outstanding.

The table below reflects the calculation of weighted-average shares outstanding for each year presented as well as the computation of basic and diluted net income per common share:

	Fiscal Year Ended
	March 31, 2018		April 1, 2017		April 2, 2016
Net income	$	87,141	$	70,623	$	63,894

Denominator:
Denominator for basic net income per common share—weighted-average shares		23,948,565		23,521,615		23,208,686
Effect of dilution due to employee stock options		415,224		263,021		299,732
Denominator for diluted net income per common share—adjusted weighted-average shares		24,363,789		23,784,636		23,508,418
Basic net income per common share	$	3.64	$	3.00	$	2.75
Diluted net income per common share	$	3.58	$	2.97	$	2.72

Impairment of Long-Lived Assets

Impairment of Long-Lived Assets

Long-lived assets to be disposed of by sale or other means are reported at the lower of carrying amount or fair value, less costs to sell.

Foreign Currency Translation and Transactions

Foreign Currency Translation and Transactions

Fair Value of Measurements

Fair Value of Measurements

Accumulated Other Comprehensive Income (Loss)

Accumulated Other Comprehensive Income (Loss)

The following summarizes the activity within each component of accumulated other comprehensive income (loss), net of taxes:

	Currency Translation			Pension and Postretirement Liability			Total
Balance at April 1, 2017	$	(3,942	)	$	(5,881	)	$	(9,823	)
Other comprehensive income before reclassifications		6,155			429			6,584
Amounts reclassified from accumulated other comprehensive loss		—			954			954
Net current period other comprehensive income		6,155			1,383			7,538
Balance at March 31, 2018	$	2,213		$	(4,498	)	$	(2,285	)

Stock-Based Compensation

Stock-Based Compensation

Recent Accounting Pronouncements

Recent Accounting Pronouncements

Other new pronouncements issued but not effective until after March 31, 2018 are not expected to have a material impact on our financial position, results of operations or liquidity.

Summary of Significant Accounting Policies (Tables)

12 Months Ended

Mar. 31, 2018

Accounting Policies [Abstract]

Estimated Useful Lives Of The Company Property Plant And Equipment

The estimated useful lives of the Company's property, plant and equipment follows:

Buildings and improvements	20-30 years
Machinery and equipment	3-15 years
Leasehold improvements	Shorter of the term of lease or estimated useful life

Schedule Of Calculation Of Weighted-Average Shares Outstanding

The table below reflects the calculation of weighted-average shares outstanding for each year presented as well as the computation of basic and diluted net income per common share:

	Fiscal Year Ended
	March 31, 2018		April 1, 2017		April 2, 2016
Net income	$	87,141	$	70,623	$	63,894

Denominator:
Denominator for basic net income per common share—weighted-average shares		23,948,565		23,521,615		23,208,686
Effect of dilution due to employee stock options		415,224		263,021		299,732
Denominator for diluted net income per common share—adjusted weighted-average shares		24,363,789		23,784,636		23,508,418
Basic net income per common share	$	3.64	$	3.00	$	2.75
Diluted net income per common share	$	3.58	$	2.97	$	2.72

Schedule Of Accumulated Other Comprehensive Income (Loss)

The following summarizes the activity within each component of accumulated other comprehensive income (loss), net of taxes:

	Currency Translation			Pension and Postretirement Liability			Total
Balance at April 1, 2017	$	(3,942	)	$	(5,881	)	$	(9,823	)
Other comprehensive income before reclassifications		6,155			429			6,584
Amounts reclassified from accumulated other comprehensive loss		—			954			954
Net current period other comprehensive income		6,155			1,383			7,538
Balance at March 31, 2018	$	2,213		$	(4,498	)	$	(2,285	)

Allowance for Doubtful Accounts (Tables)

12 Months Ended

Mar. 31, 2018

Receivables [Abstract]

Schedule of allowance for doubtful accounts

The activity in the allowance for doubtful accounts consists of the following:

Fiscal Year Ended	Balance at Beginning of Year		Additions		Other*			Write-offs			Balance at End of Year
March 31, 2018	$	1,213	$	125	$	73		$	(85	)	$	1,326
April 1, 2017		1,324		96		(157	)		(50	)		1,213
April 2, 2016		860		191		308			(35	)		1,324

*Foreign currency and acquisition transactions.

Inventory (Tables)

12 Months Ended

Mar. 31, 2018

Inventory, Net [Abstract]

Schedule of Inventory

Inventories are summarized below:

	March 31, 2018		April 1, 2017
Raw materials	$	44,102	$	35,364
Work in process		77,890		79,048
Finished goods		184,132		175,182
	$	306,124	$	289,594

Property, Plant and Equipment (Tables)

12 Months Ended

Mar. 31, 2018

Property, Plant and Equipment [Abstract]

Schedule of property, plant and equipment

Property, plant and equipment consist of the following:

	March 31, 2018			April 1, 2017
Land	$	19,723		$	18,164
Buildings and improvements		86,237			81,467
Machinery and equipment		259,645			240,128
		365,605			339,759
Less: accumulated depreciation and amortization		(173,092	)		(156,134	)
	$	192,513		$	183,625

Goodwill and Intangible Assets (Tables)

12 Months Ended

Mar. 31, 2018

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule Of Goodwill Balances, By Segment

Goodwill balances, by segment, consist of the following:

	Roller		Plain		Ball		Engineered Products		Total
April 1, 2017	$	16,007	$	79,597	$	5,623	$	166,815	$	268,042
Translation adjustments		—		—		—		82		82
March 31, 2018	$	16,007	$	79,597	$	5,623	$	166,897	$	268,124

Schedule Of Intangible Assets

Intangible Assets

			March 31, 2018				April 1, 2017
	Weighted Average Useful Lives		Gross Carrying Amount		Accumulated Amortization		Gross Carrying Amount		Accumulated Amortization
Product approvals		24	$	50,878	$	8,351	$	53,869	$	6,465
Customer relationships and lists		24		106,583		16,499		107,864		12,308
Trade names		10		18,734		6,765		19,923		5,137
Distributor agreements		5		722		722		722		722
Patents and trademarks		16		9,657		4,810		8,803		4,130
Domain names		10		437		430		437		386
Other		6		1,433		1,303		1,174		1,043
Non-amortizable repair station certifications		n/a		34,200		—		34,200		—
Total			$	222,644	$	38,880	$	226,992	$	30,191

Schedule Of Estimated Amortization Expense

Estimated amortization expense for the five succeeding fiscal years and thereafter is as follows:

2019	$	9,054
2020		8,947
2021		8,896
2022		8,779
2023		8,695
2024 and thereafter		105,193

Accrued Expenses and Other Current Liabilities (Tables)

12 Months Ended

Mar. 31, 2018

Other Liabilities, Noncurrent [Abstract]

Schedule of accrued expenses and other current liabilities

The significant components of accrued expenses and other current liabilities are as follows:

	March 31, 2018		April 1, 2017
Employee compensation and related benefits	$	14,240	$	12,262
Taxes		2,939		2,501
Deferred revenue		13,613		17,974
Workers compensation		2,086		2,548
Legal		1,228		1,533
Other		6,671		7,714
	$	40,777	$	44,532

Debt (Tables)

12 Months Ended

Mar. 31, 2018

Debt Instruments [Abstract]

Schedule of balances payable under borrowing facilities

The balances payable under all borrowing facilities are as follows:

	March 31, 2018			April 1, 2017
Revolver and term loan facilities	$	169,250		$	267,000
Debt issuance cost		(2,968	)		(4,392	)
Other		7,073			7,192
Total debt		173,355			269,800
Less: current portion		19,238			14,214
Long-term debt	$	154,117		$	255,586

Other Non-Current Liabilities (Tables)

12 Months Ended

Mar. 31, 2018

Other Liabilities, Noncurrent [Abstract]

Schedule of other non-current liabilities

The significant components of other non-current liabilities consist of:

	March 31, 2018		April 1, 2017
Non-current pension liability, net	$	—	$	1,895
Other postretirement benefits		2,450		2,744
Non-current income tax liability		20,176		13,492
Deferred compensation		13,620		11,195
Other		884		1,717
	$	37,130	$	31,043

Pension Plan (Tables)

12 Months Ended

Mar. 31, 2018

Retirement Benefits [Abstract]

Schedule of summary of plan assets

Plan assets are comprised primarily of equity and fixed income investments, as follows:

	March 31, 2018		April 1, 2017
Cash and cash equivalents	$	1,107	$	10,277
U.S. equity mutual funds		18,881		8,978
International equity mutual funds		1,985		—
Fixed income mutual funds		2,936		3,899
	$	24,909	$	23,154

Schedule of funded status of defined benefit pension plan and amount recognized in balance sheet

The following tables set forth the funded status of the Company’s defined benefit pension plan and the amount recognized in the balance sheet at March 31, 2018 and April 1, 2017:

	March 31, 2018			April 1, 2017
Change in benefit obligation:
Benefit obligation at beginning of year	$	25,049		$	26,917
Service cost		232			251
Interest cost		904			889
Actuarial gain		(38	)		(1,452	)
Benefits paid		(1,577	)		(1,556	)
Benefit obligation at end of year	$	24,570		$	25,049
Change in plan assets:
Fair value of plan assets at beginning of year	$	23,154		$	22,731
Actual return on plan assets		1,832			479
Employer contributions		1,500			1,500
Benefits paid		(1,577	)		(1,556	)
Fair value of plan assets at end of year	$	24,909		$	23,154

Over(Under)funded status at end of year	$	339		$	(1,895	)

Amounts recognized in the consolidated balance sheet:

Non-current assets	$	339	$	—
Non-current liabilities		—		(1,895	)
Net asset (liability) recognized	$	339	$	(1,895	)

Amounts recognized in accumulated other comprehensive loss:

Prior service cost	$	71	$	106
Net actuarial loss		7,596		9,064
Accumulated other comprehensive loss	$	7,667	$	9,170

Schedule of components of net periodic benefit cost

Amounts included in accumulated other comprehensive loss expected to be recognized as components of net periodic benefit cost in 2019:

Prior service cost	$	35
Net actuarial loss		916
Total	$	951

Schedule of forth net periodic benefit cost

The following table sets forth net periodic benefit cost of the Company’s plan for the three fiscal years in the period ended March 31, 2018:

	Fiscal Year Ended
	March 31, 2018			April 1, 2017			April 2, 2016
Components of net periodic benefit cost:
Service cost	$	232		$	251		$	272
Interest cost		904			889			920
Expected return on plan assets		(1,610	)		(1,581	)		(1,615	)
Amortization of prior service cost		35			60			66
Amortization of losses		1,207			1,394			1,343
Net periodic benefit cost	$	768		$	1,013		$	986

Schedule of assumptions used in determining net periodic benefit cost

The assumptions used in determining the net periodic benefit cost information are as follows:

	FY 2018			FY 2017			FY 2016
Discount rate		3.70	%		3.40	%		3.40	%
Expected long-term rate of return on plan assets		7.00	%		7.00	%		7.00	%

Schedule of future service benefit payments

The benefit payments are based on the same assumptions used to measure the Company’s benefit obligation at the end of fiscal 2018:

2019	$	1,654
2020		1,692
2021		1,707
2022		1,720
2023		1,725
2024-2028		8,272

Postretirement Health Care and Life Insurance Benefits (Tables)

12 Months Ended

Mar. 31, 2018

Defined Contribution Plan [Abstract]

Schedule of funded status of postretirement benefit plans and amount recognized in balance sheet

The following table set forth the funded status of the Company’s postretirement benefit plans, the amount recognized in the balance sheet at March 31, 2018 and April 1, 2017:

	March 31, 2018			April 1, 2017
Change in benefit obligation:
Benefit obligation at beginning of year	$	2,963		$	3,222
Service cost		33			42
Interest cost		98			102
Actuarial gain		(297	)		(281	)
Benefits paid		(126	)		(122	)
Benefit obligation at end of year	$	2,671		$	2,963
Change in plan assets:
Fair value of plan assets at beginning of year	$	—		$	—
Company contributions		126			122
Benefits paid		(126	)		(122	)
Fair value of plan assets at end of year	$	—		$	—
Underfunded status at end of year	$	(2,671	)	$	(2,963	)
Amounts recognized in the consolidated balance sheet:
Current liability	$	(221	)	$	(219	)
Non-current liability		(2,450	)		(2,744	)
Net liability recognized	$	(2,671	)	$	(2,963	)
Amounts recognized in accumulated other comprehensive loss:
Prior service cost	$	15		$	19
Net actuarial loss		(85	)		207
Accumulated other comprehensive loss	$	(70	)	$	226

Amounts included in accumulated other comprehensive loss expected to be recognized as components of net periodic benefit cost in 2019:
Prior service cost	$	3
Net actuarial loss		(14	)
Total	$	(11	)

Schedule of postretirement benefit costs

	Fiscal Year Ended
Components of net periodic benefit cost:	March 31, 2018			April 1, 2017		April 2, 2016
Service cost	$	33		$	41	$	54
Interest cost		98			102		107
Prior service cost amortization		3			3		3
Amount of loss recognized		(4	)		26		37
Net periodic benefit cost	$	130		$	172	$	201

Schedule of expected postretirement benefit payments

The benefit payments are based on the same assumptions used to measure the Company’s benefit obligation at the end of fiscal 2018:

2019	$	221
2020		223
2021		215
2022		193
2023		201
2024-2028		945

Income Taxes (Tables)

12 Months Ended

Mar. 31, 2018

Income Tax Disclosure [Abstract]

Schedule of income before income tax, domestic and foreign

Income before income taxes for the Company’s domestic and foreign operations is as follows:

	Fiscal Year Ended
	March 31, 2018		April 1, 2017		April 2, 2016
Domestic	$	116,513	$	94,629	$	83,622
Foreign		3,338		10,255		11,163
Total income before income taxes	$	119,851	$	104,884	$	94,785

Schedule of components of income tax expense (benefit)

The provision for (benefit from) income taxes consists of the following:

	Fiscal Year Ended
	March 31, 2018			April 1, 2017			April 2, 2016
Current tax expense:
Federal	$	28,555		$	21,903		$	26,281
State		1,313			887			1,960
Foreign		3,544			3,148			2,986
		33,412			25,938			31,227
Deferred tax expense:
Federal		(273	)		8,299			(279	)
State		457			245			342
Foreign		(886	)		(221	)		(399	)
		(702	)		8,323			(336	)
Total income taxes	$	32,710		$	34,261		$	30,891

Schedule of effective income tax rate reconciliation

An analysis of the difference between the provision for income taxes and the amount computed by applying the U.S. statutory income tax rate to pre-tax income follows:

	Fiscal Year Ended
	March 31, 2018			April 1, 2017			April 2, 2016
Income taxes using U.S. federal statutory rate	$	37,825		$	36,710		$	33,175
State income taxes, net of federal benefit		1,221			676			1,493
Domestic production activities deduction		(1,374	)		(1,803	)		(2,320	)
Revaluation of deferred tax liabilities due to federal rate change		(9,318	)		—			—
Stock based compensation		(4,905	)		—			—
Foreign rate differential		1,604			(662	)		(1,321	)
Transition tax		9,166			—			—
Research and development credits		(1,293	)		(1,163	)		(1,144	)
U.S. unrecognized tax positions		452			(290	)		181
Other - net		(668	)		793			827
	$	32,710		$	34,261		$	30,891

Schedule of deferred tax assets and liabilities

Net deferred tax assets (liabilities) are comprised of the following:

	March 31, 2018			April 1, 2017
Deferred tax assets (liabilities):
Postretirement benefits	$	577		$	1,018
Employee compensation accruals		2,193			4,128
Net operating losses		682			443
Inventory		7,688			12,110
Stock compensation		4,917			6,455
Pension		(78	)		698
State tax		1,134			1,466
Other		3,774			3,947
Total gross deferred tax assets		20,887			30,265
Valuation allowance		(2,318	)		(919	)
Total deferred tax assets	$	18,569		$	29,346


Deferred tax liabilities:
Property, plant and equipment		(13,648	)		(19,548	)
Intangible assets		(16,670	)		(21,834	)
Total deferred tax liabilities		(30,318	)		(41,382	)

Total net deferred tax assets (liabilities)	$	(11,749	)	$	(12,036	)

Schedule of unrecognized compensation cost, nonvested awards

A reconciliation of the beginning and ending amount of unrecognized tax benefits is as follows:

	March 31, 2018			April 1, 2017			April 2, 2016
Balance, beginning of year	$	13,775		$	14,297		$	5,514
Gross (decreases) increases – tax positions taken during a prior period		(2,475	)		(488	)		248
Gross increases – tax positions taken during the current period		1,146			1,280			8,745
Reductions due to settlement with taxing authorities		—			(223	)		—
Reductions due to lapse of the applicable statute of limitations		(511	)		(1,091	)		(210	)
Balance, end of year	$	11,935		$	13,775		$	14,297

Stockholders' Equity (Tables)

12 Months Ended

Mar. 31, 2018

Stockholders' Equity Note [Abstract]

Schedule of summary of status of stock options outstanding

All cashless exercises of options and warrants are handled through an independent broker.

	Number Of Common Stock Options			Weighted Average Exercise Price		Weighted Average Contractual Life (Years)		Intrinsic Value
Outstanding, April 1, 2017		975,974		$	63.30		5.2	$	32,976
Awarded		217,280			104.85
Exercised		(255,732	)		51.91
Forfeitures		(105	)		116.25
Outstanding, March 31, 2018		937,417		$	76.03		5.2	$	45,151

Exercisable, March 31, 2018		270,092		$	62.10		4.0	$	16,773

Schedule of black-scholes option pricing model

	Fiscal Year Ended
	March 31, 2018			April 1, 2017			April 2, 2016
Dividend yield		0.00	%		0.00	%		0.00	%
Expected weighted-average life (yrs.)		5.0			5.0			5.0
Risk-free interest rate		2.02	%		1.17	%		1.70	%
Expected volatility		24.17	%		28.45	%		31.25	%

Schedule of summary of status of restricted stock outstanding

A summary of the status of the Company’s restricted stock outstanding as of March 31, 2018 and the changes during the year then ended is presented below.

	Number Of Restricted Stock Shares			Weighted-Average Grant Date Fair Value
Non-vested, April 1, 2017		318,391		$	73.02
Granted		116,273			108.06
Vested		(123,572	)		69.44
Forfeitures		(6,114	)		77.18
Non-vested, March 31, 2018		304,978		$	87.75

Commitments and Contingencies (Tables)

12 Months Ended

Mar. 31, 2018

Commitments and Contingencies Disclosure [Abstract]

Schedule of future minimum rental payments for operating leases

The aggregate future minimum lease payments under operating leases are as follows:

2019	$	6,384
2020		4,656
2021		3,925
2022		2,732
2023		2,501
2024 and thereafter		3,525

Other, Net (Tables)

12 Months Ended

Mar. 31, 2018

Other Net

Schedule of other cost and expense, by component

Other, net is comprised of the following:

	Fiscal Year Ended
	March 31, 2018			April 1, 2017			April 2, 2016
Plant consolidation and restructuring costs	$	7,685		$	4,124		$	1,063
Acquisition costs		—			55			5,096
Provision for doubtful accounts		125			96			191
Amortization of intangibles		9,344			9,272			9,000
Other (income) expense		(308	)		(566	)		866
	$	16,846		$	12,981		$	16,216

Reportable Segments (Tables)

12 Months Ended

Mar. 31, 2018

Segment Reporting [Abstract]

Schedule of segment information

Corporate assets consist of cash, fixed assets and certain prepaid expenses.

	Fiscal Year Ended
	March 31, 2018		April 1, 2017		April 2, 2016
Net External Sales
Plain	$	296,708	$	277,700	$	270,534
Roller		132,021		109,483		112,039
Ball		67,806		58,448		53,650
Engineered Products		178,414		169,757		161,249
	$	674,949	$	615,388	$	597,472


Gross Margin
Plain	$	115,592	$	110,215	$	103,500
Roller		55,028		41,678		47,469
Ball		27,965		22,772		21,352
Engineered Products		59,526		54,931		46,457
	$	258,111	$	229,596	$	218,778


Selling, General and Administrative Expenses
Plain	$	25,991	$	23,585	$	21,008
Roller		6,307		6,116		5,958
Ball		6,773		5,657		5,512
Engineered Products		21,071		19,065		19,631
Corporate		52,982		48,499		46,612
	$	113,124	$	102,922	$	98,721


Operating Income
Plain	$	86,334		$	81,063		$	73,289
Roller		48,699			33,821			41,270
Ball		20,919			16,593			15,182
Engineered Products		25,081			30,877			26,970
Corporate		(52,892	)		(48,661	)		(52,870	)
	$	128,141		$	113,693		$	103,841


Total Assets
Plain	$	401,248	$	371,169	$	628,531
Roller		157,012		147,226		286,418
Ball		60,000		55,788		55,675
Engineered Products		465,479		474,339		454,428
Corporate		59,012		60,325		(326,542	)
	$	1,142,751	$	1,108,847	$	1,098,510


Capital Expenditures
Plain	$	11,468	$	9,386	$	5,984
Roller		4,245		4,021		4,239
Ball		2,407		2,155		1,457
Engineered Products		7,209		4,591		5,693
Corporate		2,647		741		3,491
	$	27,976	$	20,894	$	20,864


Depreciation & Amortization
Plain	$	9,296	$	9,075	$	9,145
Roller		4,109		4,198		4,008
Ball		1,752		1,836		1,790
Engineered Products		10,777		10,443		9,411
Corporate		2,426		1,820		1,453
	$	28,360	$	27,372	$	25,807


Geographic External Sales
Domestic	$	592,818	$	540,774	$	522,405
Foreign		82,131		74,614		75,067
	$	674,949	$	615,388	$	597,472

	Fiscal Year Ended
	March 31, 2018		April 1, 2017		April 2, 2016
Geographic Long-Lived Assets
Domestic	$	150,716	$	144,389	$	145,538
Foreign		41,797		39,236		39,206
	$	192,513	$	183,625	$	184,744

Intersegment Sales
Plain	$	5,209	$	4,061	$	3,973
Roller		13,262		15,202		18,874
Ball		2,408		1,732		2,475
Engineered Products		31,857		28,955		30,341
	$	52,736	$	49,950	$	55,663

Organization and Business (Details Narrative)	12 Months Ended
Organization and Business (Details Narrative)	Mar. 31, 2018	Apr. 01, 2017	Apr. 02, 2016
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Maximum amount of sales that one customer accounted for percentage	9.00%	9.00%	10.00%

Summary of Significant Accounting Policies (Details)	12 Months Ended
Summary of Significant Accounting Policies (Details)	Mar. 31, 2018
Leasehold Improvements [Member]
Property, Plant and Equipment [Line Items]
Property Plant And Equipment Useful Life Description	Shorter of the term of lease or estimated useful life
Maximum [Member] \| Building and Building Improvements [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Useful Life	30 years
Maximum [Member] \| Machinery and Equipment [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Useful Life	15 years
Minimum [Member] \| Building and Building Improvements [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Useful Life	20 years
Minimum [Member] \| Machinery and Equipment [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Useful Life	3 years

Summary of Significant Accounting Policies (Details 1) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Mar. 31, 2018	Apr. 01, 2017	Apr. 02, 2016
Accounting Policies [Abstract]
Net income	$ 87,141	$ 70,623	$ 63,894
Denominator:
Denominator for basic net income per common share - weighted-average shares	23,948,565	23,521,615	23,208,686
Effect of dilution due to employee stock options	415,224	263,021	299,732
Denominator for diluted net income per common share - adjusted weighted-average shares	24,363,789	23,784,636	23,508,418
Basic net income per common share	$ 3.64	$ 3.00	$ 2.75
Diluted net income per common share	$ 3.58	$ 2.97	$ 2.72

Summary of Significant Accounting Policies (Details 2) - USD ($) $ in Thousands	12 Months Ended
	Mar. 31, 2018	Apr. 01, 2017	Apr. 02, 2016
Accounting Policies [Abstract]
Balance Beginning, Currency Translation	$ (3,942)
Other comprehensive income before reclassifications, Currency Translation	6,155
Amounts reclassified from accumulated other comprehensive loss, Currency Translation
Net current period other comprehensive income, Currency Translation	6,155	$ (4,164)	$ 315
Balance Ending, Currency Translation	2,213	(3,942)
Balance Beginning, Pension and Postretirement Liability	(5,881)
Other comprehensive income before reclassifications, Pension and Postretirement Liability	429
Amounts reclassified from accumulated other comprehensive loss, Pension and Postretirement Liability	954
Net current period other comprehensive income, Pension and Postretirement Liability	1,383	1,331	$ 465
Balance Ending, Pension and Postretirement Liability	(4,498)	(5,881)
Balance Beginning, Total	(9,823)
Other comprehensive income before reclassifications	6,584
Amounts reclassified from accumulated other comprehensive loss	954
Net current period other comprehensive income	7,538
Balance Ending, Total	$ (2,285)	$ (9,823)

Summary of Significant Accounting Policies (Details Narrative) - USD ($) $ in Thousands	12 Months Ended
	Mar. 31, 2018	Apr. 01, 2017	Apr. 02, 2016	Mar. 28, 2015
Number of Employee Stock Options Excluded from the Calculation of Diluted Earnings Per Share	217,280	459,500	443,250
Net Income (Loss)	$ 87,141	$ 70,623	$ 63,894
Assets, Total	$ 1,142,751	$ 1,108,847	1,098,510
Percentage of Total Net Sales Under Ship In Place Transactions	2.90%	2.60%
Fair Value Inputs, Discount Rate	11.00%
Fair Value Inputs, Long-term Revenue Growth Rate	2.50%
Goodwill, Impaired, Facts and Circumstances Leading to Impairment	A decrease of 1.0% in our terminal growth rate would not result in impairment of goodwill for any of our reporting units. An increase of 1.0% in our discount rate would not result in impairment of goodwill for any of our reporting units.
Tax benefit		$ 4,780	2,549
Unrecognized excess tax benefits	$ 11,935	13,775	14,297	$ 5,514
U.S. statutory tax rate (in percent)	21.00%
Previously U.S. statutory tax rate (in percent)	35.00%
Stock-Based Compensation [Member]
Tax benefit	$ 4,917
Unrecognized excess tax benefits	1,144
Foreign Tax Authority [Member]
Net Income (Loss)	776	7,414	$ 8,660
Assets, Total	$ 135,801	$ 125,164
Restricted Stock [Member]
Number of Employee Stock Options Excluded from the Calculation of Diluted Earnings Per Share	53,073	3,000
Maximum [Member]
Cash, FDIC Insured Amount	$ 250
Percentage Of Goodwill Fair Value Exceeding Carrying Value	74.10%
Minimum [Member]
Percentage Of Goodwill Fair Value Exceeding Carrying Value	24.80%
Accounts Receivable [Member]
Concentration Risk, Percentage	6.00%	8.00%

Allowance for Doubtful Accounts (Details) - USD ($)
$ in Thousands

12 Months Ended

Mar. 31, 2018

Apr. 01, 2017

Apr. 02, 2016

Receivables [Abstract]

Allowance for doubtful accounts, Balance at Beginning of Year

$ 1,213

$ 1,324

$ 860

Allowance for doubtful accounts, Additions

125

191

Allowance for doubtful accounts, Other

^[1]

(157)

308

Allowance for doubtful accounts, Write-offs

(85)

(50)

(35)

Allowance for doubtful accounts, Balance at End of Year

$ 1,326

$ 1,213

$ 1,324

[1]	Foreign currency and acquisition transactions.

Inventory (Details) - USD ($) $ in Thousands	Mar. 31, 2018	Apr. 01, 2017
Inventory Disclosure [Abstract]
Raw materials	$ 44,102	$ 35,364
Work in process	77,890	79,048
Finished goods	184,132	175,182
Inventory, total	$ 306,124	$ 289,594

Property, Plant and Equipment (Details) - USD ($) $ in Thousands	Mar. 31, 2018	Apr. 01, 2017
Property, Plant and Equipment [Abstract]
Land	$ 19,723	$ 18,164
Buildings and improvements	86,237	81,467
Machinery and equipment	259,645	240,128
Property, plant and equipment, Gross	365,605	339,759
Less: accumulated depreciation and amortization	(173,092)	(156,134)
Property, Plant and Equipment, Net, Total	$ 192,513	$ 183,625

Restructuring of Operations (Details Narrative) - USD ($) $ in Thousands	3 Months Ended
	Jun. 30, 2018	Mar. 31, 2018	Dec. 30, 2017	Sep. 30, 2017	Dec. 31, 2016
Employee Termination Costs [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring Charges		$ 100	$ 1,091
Roller Bearings [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring Charges					$ 7,060
Inventory rationalization costs					3,215
Impairment of intangible assets (excluding goodwill)					261
lease payments					766
Loss on fixed assets disposals					2,402
Exit obligation associated with building operating lease					1,182
Pre tax charges					7,060
Discrete tax benefit					$ 2,222
Engineered Products [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring Charges				$ 5,577
Impairment of fixed assets				1,337
Impairment of intangible assets (excluding goodwill)				5,157
Discrete tax benefit				$ 917
Total expected restructuring after-tax charges		$ 6,768
Engineered Products [Member] \| Subsequent Event [Member] \| Minimum [Member]
Restructuring Cost and Reserve [Line Items]
Total expected restructuring after-tax charges	$ 6,800
Engineered Products [Member] \| Subsequent Event [Member] \| Maximum [Member]
Restructuring Cost and Reserve [Line Items]
Total expected restructuring after-tax charges	$ 7,300

Goodwill and Intangible Assets (Details) $ in Thousands	12 Months Ended
Goodwill and Intangible Assets (Details) $ in Thousands	Mar. 31, 2018 USD ($)
Goodwill [Line Items]
Goodwill Beginnning Balance	$ 268,042
Translation adjustments	82
Goodwill Ending Balance	268,124
Roller [Member]
Goodwill [Line Items]
Goodwill Beginnning Balance	16,007
Translation adjustments
Goodwill Ending Balance	16,007
Plain [Member]
Goodwill [Line Items]
Goodwill Beginnning Balance	79,597
Translation adjustments
Goodwill Ending Balance	79,597
Ball [Member]
Goodwill [Line Items]
Goodwill Beginnning Balance	5,623
Translation adjustments
Goodwill Ending Balance	5,623
Engineered Products [Member]
Goodwill [Line Items]
Goodwill Beginnning Balance	166,815
Translation adjustments	82
Goodwill Ending Balance	$ 166,897

Goodwill and Intangible Assets (Details 1) - USD ($) $ in Thousands	12 Months Ended
	Mar. 31, 2018	Apr. 01, 2017
Finite-Lived Intangible Assets [Line Items]
Non-amortizable repair station certifications	$ 34,200	$ 34,200
Gross amount	222,644	226,992
Accumulated Amortization	$ 38,880	30,191
Product Approvals [Member]
Finite-Lived Intangible Assets [Line Items]
Weighted Average Useful Lives	24 years
Gross Carrying Amount	$ 50,878	53,869
Accumulated Amortization	$ 8,351	6,465
Customer Relationships And Lists [Member]
Finite-Lived Intangible Assets [Line Items]
Weighted Average Useful Lives	24 years
Gross Carrying Amount	$ 106,583	107,864
Accumulated Amortization	$ 16,499	12,308
Trade Names [Member]
Finite-Lived Intangible Assets [Line Items]
Weighted Average Useful Lives	10 years
Gross Carrying Amount	$ 18,734	19,923
Accumulated Amortization	$ 6,765	5,137
Distributor Agreements [Member]
Finite-Lived Intangible Assets [Line Items]
Weighted Average Useful Lives	5 years
Gross Carrying Amount	$ 722	722
Accumulated Amortization	$ 722	722
Patents And Trademarks [Member]
Finite-Lived Intangible Assets [Line Items]
Weighted Average Useful Lives	16 years
Gross Carrying Amount	$ 9,657	8,803
Accumulated Amortization	$ 4,810	4,130
D Names [Member]
Finite-Lived Intangible Assets [Line Items]
Weighted Average Useful Lives	10 years
Gross Carrying Amount	$ 437	437
Accumulated Amortization	$ 430	386
Other Intangible Assets [Member]
Finite-Lived Intangible Assets [Line Items]
Weighted Average Useful Lives	6 years
Gross Carrying Amount	$ 1,433	1,174
Accumulated Amortization	$ 1,303	$ 1,043

Goodwill and Intangible Assets (Details 2) $ in Thousands	Mar. 31, 2018 USD ($)
Intangible Assets, Net (Excluding Goodwill) [Abstract]
2019	$ 9,054
2020	8,947
2021	8,896
2022	8,779
2023	8,695
2024 and thereafter	$ 105,193

Goodwill and Intangible Assets (Details Narrative) - USD ($) $ in Thousands	12 Months Ended
	Mar. 31, 2018	Apr. 01, 2017	Apr. 02, 2016
Intangible Assets, Net (Excluding Goodwill) [Abstract]
Amortization of intangible assets	$ 9,344	$ 9,272	$ 9,000

Accrued Expenses and Other Current Liabilities (Details) - USD ($) $ in Thousands	Mar. 31, 2018	Apr. 01, 2017
Other Liabilities, Noncurrent [Abstract]
Employee compensation and related benefits	$ 14,240	$ 12,262
Taxes	2,939	2,501
Deferred revenue	13,613	17,974
Workers compensation	2,086	2,548
Legal	1,228	1,533
Other	6,671	7,714
Accrued Expenses And Other Current Liabilities Net	$ 40,777	$ 44,532

- Definition

The carrying amount of consideration received or receivable as of the balance sheet date on potential earnings that were not recognized as revenue in conformity with GAAP, and which are expected to be recognized as such within one year or the normal operating cycle, if longer, including sales, license fees, and royalties, but excluding interest income.

+ References + Details

Debt (Details) - USD ($) $ in Thousands	Mar. 31, 2018	Apr. 01, 2017
Debt Instrument [Line Items]
Debt issuance cost	$ (2,968)	$ (4,392)
Total debt	173,355	269,800
Less: current portion	19,238	14,214
Long-term debt	154,117	255,586
Other Loan [Member]
Debt Instrument [Line Items]
Total debt	7,073	7,192
Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Total debt	$ 169,250	$ 267,000

Debt (Details Narrative) SFr in Thousands, $ in Thousands			1 Months Ended	12 Months Ended
Debt (Details Narrative) SFr in Thousands, $ in Thousands	Oct. 01, 2012 USD ($)	Oct. 01, 2012 CHF (SFr)	Apr. 24, 2015 USD ($)	Mar. 31, 2018 USD ($)	Apr. 01, 2017 USD ($)	Apr. 02, 2016 USD ($)	Mar. 31, 2018 CHF (SFr)	Oct. 01, 2012 CHF (SFr)
Debt Instruments, Issuance Costs				$ 2,968	$ 4,392
Interest paid in cash				6,227	$ 7,279	$ 7,664
Long-term Debt, Maturities, Repayments of Principal in Next Twelve Months				19,238
Long-term Debt, Maturities, Repayments of Principal in Year Two				24,238
Long-term Debt, Maturities, Repayments of Principal in Year Three				127,238
Long-term Debt, Maturities, Repayments of Principal in Year Four				488
Long-term Debt, Maturities, Repayments of Principal in Year Five				488
Long-term Debt, Maturities, Repayments of Principal after Year Five				4,633
Schaublin [Member]
Cash paid for purchase price	$ 5,053
Schaublin [Member] \| CHF
Cash paid for purchase price \| SFr		SFr 4,767
Schaublin [Member] \| Land and Building [Member]
Land and building leased	$ 14,910
Period for fixed rate on mortgage loan	20 years	20 years
Mortgage loan interest rate	2.90%	2.90%
Mortgage loan fixed rate	$ 9,857
Mortgage loan				$ 7,073
Schaublin [Member] \| Land and Building [Member] \| CHF
Land and building leased \| SFr								SFr 14,067
Mortgage loan fixed rate \| SFr								SFr 9,300
Mortgage loan \| SFr							SFr 6,743
New Credit Agreement [Member] \| Maximum [Member]
Consolidated net debt adjusted EBITDA ratio				3.50
Consolidated Interest Coverage Ratio				2.75
New Credit Agreement [Member] \| Minimum [Member]
Consolidated net debt adjusted EBITDA ratio				1
Consolidated Interest Coverage Ratio				1
Letter of Credit [Member]
Line of Credit				$ 3,990
Line of Credit Facility, Remaining Borrowing Capacity				345,510
Sargent Aerospace Defense Business [Member]
Business Acquisition, Date of Acquisition Agreement			Apr. 24, 2015
Sargent Aerospace Defense Business [Member] \| New Credit Agreement [Member]
Debt Instruments, Issuance Costs				2,968
Debt Issuance Original Amount				$ 7,122
Sargent Aerospace Defense Business [Member] \| Base Rate [Member]
Debt Instrument, Basis Spread on Variable Rate				0.00%
Sargent Aerospace Defense Business [Member] \| London Interbank Offered Rate (LIBOR) [Member]
Debt Instrument, Basis Spread on Variable Rate				1.00%
Debt Instrument, Description of Variable Rate Basis				<p><font style="font: 10pt Times New Roman, Times, Serif">higher of (1) Wells Fargos prime lending rate, (2) the federal funds effective rate plus 1/2 of 1% and (3) the one-month LIBOR rate plus 1% or (b) LIBOR rate plus a specified margin, depending on the type of borrowing being made</font></p>
Sargent Aerospace Defense Business [Member] \| Revolving Credit Facility [Member]
Debt Instrument, Face Amount			$ 350,000
Line of Credit				$ 500
Sargent Aerospace Defense Business [Member] \| Term Loan [Member]
Debt Instrument, Face Amount			$ 200,000
Term Loan				$ 168,750

Other Non-Current Liabilities (Details) - USD ($) $ in Thousands	Mar. 31, 2018	Apr. 01, 2017
Other Liabilities, Noncurrent [Abstract]
Non-current pension liability, net		$ 1,895
Other postretirement benefits	$ 2,450	2,744
Non-current income tax liability	20,176	13,492
Deferred compensation	13,620	11,195
Other	884	1,717
Other Liabilities, Noncurrent	$ 37,130	$ 31,043

Pension Plan (Details) - USD ($) $ in Thousands	Mar. 31, 2018	Apr. 01, 2017
Plan Assets	$ 24,909	$ 23,154
Cash and Cash Equivalents [Member]
Plan Assets	1,107	10,277
U.S. equity mutual funds [Member]
Plan Assets	18,881	8,978
International Equity Mutual Funds [Member]
Plan Assets	1,985
Fixed Income Funds [Member]
Plan Assets	$ 2,936	$ 3,899

Pension Plan (Details 1) - Pension Plan [Member] - USD ($) $ in Thousands	12 Months Ended
	Mar. 31, 2018	Apr. 01, 2017	Apr. 02, 2016
Defined Benefit Plan Disclosure [Line Items]
Benefit obligation at beginning of year	$ 25,049	$ 26,917
Service cost	232	251	$ 272
Interest cost	904	889	920
Actuarial gain	(38)	(1,452)
Benefits paid	(1,577)	(1,556)
Benefit obligation at end of year	24,570	25,049	26,917
Change in plan assets:
Fair value of plan assets at beginning of year	23,154	22,731
Actual return on plan assets	1,832	479
Employer contributions	1,500	1,500
Benefits paid	(1,577)	(1,556)
Fair value of plan assets at end of year	24,909	23,154	$ 22,731
Over(Under)funded status at end of year	339	(1,895)
Amounts recognized in the consolidated balance sheet:
Non-current assets	339
Non-current liabilities		(1,895)
Net asset (liability) recognized	$ 339	$ (1,895)

Pension Plan (Details 2) - Pension Plan [Member] - USD ($) $ in Thousands	Mar. 31, 2018	Apr. 01, 2017
Amounts recognized in accumulated other comprehensive loss:
Prior service cost	$ 71	$ 106
Net actuarial loss	7,596	9,064
Accumulated other comprehensive loss	$ 7,667	$ 9,170

Pension Plan (Details 3) - Pension Plan [Member] $ in Thousands	Mar. 31, 2018 USD ($)
Amounts included in accumulated other comprehensive loss expected to be recognized as components of net periodic benefit cost in 2018:
Prior service cost	$ 35
Net actuarial loss	916
Total	$ 951

Pension Plan (Details 4) - Pension Plan [Member] - USD ($) $ in Thousands	12 Months Ended
	Mar. 31, 2018	Apr. 01, 2017	Apr. 02, 2016
Components of net periodic benefit cost:
Service cost	$ 232	$ 251	$ 272
Interest cost	904	889	920
Expected return on plan assets	(1,610)	(1,581)	(1,615)
Amortization of prior service cost	35	60	66
Amortization of losses	1,207	1,394	1,343
Net periodic benefit cost	$ 768	$ 1,013	$ 986

Pension Plan (Details 5)	12 Months Ended
Pension Plan (Details 5)	Mar. 31, 2018	Apr. 01, 2017	Apr. 02, 2016
Retirement Benefits [Abstract]
Discount rate	3.70%	3.40%	3.40%
Expected long-term rate of return on plan assets	7.00%	7.00%	7.00%

Pension Plan (Details 6) - Pension Plan [Member] $ in Thousands	Mar. 31, 2018 USD ($)
Defined Benefit Plan Disclosure [Line Items]
2019	$ 1,654
2020	1,692
2021	1,707
2022	1,720
2023	1,725
2024-2028	$ 8,272

Pension Plan (Details Narrative) $ in Thousands	12 Months Ended
Pension Plan (Details Narrative) $ in Thousands	Mar. 31, 2018 USD ($) Number	Apr. 01, 2017 USD ($)	Apr. 02, 2016 USD ($)
Pension Plan Entire Disclosure [Line Items]
Discount rate used in determining the accumulated postretirement benefit obligation	3.70%	3.70%
Cash contributions minimum	$ 750
Cash contributions maximum	$ 1,500
Minimum [Member]
Pension Plan Entire Disclosure [Line Items]
Target Allocation of Plan Assets in Equity	30.00%
Maximum [Member]
Pension Plan Entire Disclosure [Line Items]
Target Allocation of Plan Assets in Equity	70.00%
Schaublin Pension Plan [Member]
Pension Plan Entire Disclosure [Line Items]
Number of employees covered by the Schaublin pension plan \| Number	146
Company contribution and premium payments	$ 889	$ 875	$ 861
Pension Plans [Member]
Pension Plan Entire Disclosure [Line Items]
Employer contributions	$ 1,714	1,585	1,354
Pension Plans [Member] \| Minimum [Member]
Pension Plan Entire Disclosure [Line Items]
Employer Contribution Percentage	10.00%
Pension Plans [Member] \| Maximum [Member]
Pension Plan Entire Disclosure [Line Items]
Employer Contribution Percentage	100.00%
Supplemental Employee Retirement Plan [Member]
Pension Plan Entire Disclosure [Line Items]
Eligible employee compensation	25.00%
Employer contributions	$ 271	$ 256	$ 214
Percentage Of Employees Annual Salary	1.75%

Postretirement Health Care and Life Insurance Benefits (Details) - Postretirement Benefit Costs [Member] - USD ($) $ in Thousands	12 Months Ended
	Mar. 31, 2018	Apr. 01, 2017
Change in benefit obligation:
Benefit obligation at beginning of year	$ 2,963	$ 3,222
Service cost	33	42
Interest cost	98	102
Actuarial gain	(297)	(281)
Benefits paid	(126)	(122)
Benefit obligation at end of year	2,671	2,963
Change in plan assets:
Fair value of plan assets at beginning of year
Company contributions	126	122
Benefits paid	(126)	(122)
Fair value of plan assets at end of year
Underfunded status at end of year	(2,671)	(2,963)
Amounts recognized in the consolidated balance sheet:
Current liability	(221)	(219)
Non-current liability	(2,450)	(2,744)
Net liability recognized	(2,671)	(2,963)
Amounts recognized in accumulated other comprehensive loss:
Prior service cost	15	19
Net actuarial loss	(85)	207
Accumulated other comprehensive loss	$ (70)	$ 226

Postretirement Health Care and Life Insurance Benefits (Details 1) - Postretirement Benefit Plans [Member] $ in Thousands	Mar. 31, 2018 USD ($)
Defined Benefit Plan Disclosure [Line Items]
Prior service cost	$ 3
Net actuarial loss	(14)
Total	$ (11)

Postretirement Health Care and Life Insurance Benefits (Details 2) - Postretirement Benefit Plans [Member] - USD ($) $ in Thousands	12 Months Ended
	Mar. 31, 2018	Apr. 01, 2017	Apr. 02, 2016
Defined Benefit Plan Disclosure [Line Items]
Service cost	$ 33	$ 41	$ 54
Interest cost	98	102	107
Prior service cost amortization	3	3	3
Amount of loss recognized	(4)	26	37
Net periodic benefit cost	$ 130	$ 172	$ 201

Postretirement Health Care and Life Insurance Benefits (Details 3) - Postretirement Benefit Costs [Member] $ in Thousands	Mar. 31, 2018 USD ($)
Defined Benefit Plan Disclosure [Line Items]
2019	$ 221
2020	223
2021	215
2022	193
2023	201
2024-2028	$ 945

Postretirement Health Care and Life Insurance Benefits (Details Narrative)	12 Months Ended
	Mar. 31, 2018	Apr. 01, 2017	Apr. 02, 2016
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Assumptions Used Calculating Benefit Obligation, Discount Rate	3.70%	3.70%
Defined Benefit Plan, Assumptions Used Calculating Net Periodic Benefit Cost, Discount Rate	3.70%	3.40%	3.40%
Postretirement Benefit Plans [Member]
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Assumptions Used Calculating Benefit Obligation, Discount Rate	3.70%	3.70%
Defined Benefit Plan, Assumptions Used Calculating Net Periodic Benefit Cost, Discount Rate	3.70%	3.40%	3.40%

Income Taxes (Details) - USD ($) $ in Thousands	12 Months Ended
Income Taxes (Details) - USD ($) $ in Thousands	Mar. 31, 2018	Apr. 01, 2017	Apr. 02, 2016
Income Taxes [Line Items]
Income before income taxes	$ 119,851	$ 104,884	$ 94,785
Domestic Tax Authority [Member]
Income Taxes [Line Items]
Income before income taxes	116,513	94,629	83,622
Foreign Tax Authority [Member]
Income Taxes [Line Items]
Income before income taxes	$ 3,338	$ 10,255	$ 11,163

Income Taxes (Details 1) - USD ($) $ in Thousands	12 Months Ended
Income Taxes (Details 1) - USD ($) $ in Thousands	Mar. 31, 2018	Apr. 01, 2017	Apr. 02, 2016
Current:
Federal	$ 28,555	$ 21,903	$ 26,281
State	1,313	887	1,960
Foreign	3,544	3,148	2,986
Current Income Tax Expense (Benefit)	33,412	25,938	31,227
Deferred:
Federal	(273)	8,299	(279)
State	457	245	342
Foreign	(886)	(221)	(399)
Deferred Income Tax Expense (Benefit)	(702)	8,323	(336)
Total	$ 32,710	$ 34,261	$ 30,891

Income Taxes (Details 2) - USD ($) $ in Thousands	12 Months Ended
Income Taxes (Details 2) - USD ($) $ in Thousands	Mar. 31, 2018	Apr. 01, 2017	Apr. 02, 2016
Income Tax Disclosure [Abstract]
Income taxes using U.S. federal statutory rate	$ 37,825	$ 36,710	$ 33,175
State income taxes, net of federal benefit	1,221	676	1,493
Domestic production activities deduction	(1,374)	(1,803)	(2,320)
Revaluation of deferred tax liabilities due to federal rate change	(9,318)
Stock based compensation	(4,905)
Foreign rate differential	1,604	(662)	(1,321)
Transition tax	9,166
Research and development credits	(1,293)	(1,163)	(1,144)
U.S. unrecognized tax positions	452	(290)	181
Other - net	(668)	793	827
Income Tax Expense (Benefit)	$ 32,710	$ 34,261	$ 30,891

Income Taxes (Details 3) - USD ($) $ in Thousands	Mar. 31, 2018	Apr. 01, 2017
Deferred tax assets (liabilities):
Postretirement benefits	$ 577	$ 1,018
Employee compensation accruals	2,193	4,128
Net operating losses	682	443
Inventory	7,688	12,110
Stock compensation	4,917	6,455
Pension	(78)	698
State tax	1,134	1,466
Other	3,774	3,947
Total gross deferred tax assets	20,887	30,265
Valuation allowance	(2,318)	(919)
Total deferred tax assets	18,569	29,346
Deferred tax liabilities:
Property, plant and equipment	(13,648)	(19,548)
Intangible assets	(16,670)	(21,834)
Total deferred tax liabilities	(30,318)	(41,382)
Total net deferred tax assets (liabilities)	$ (11,749)	$ (12,036)

Income Taxes (Details 4) - USD ($) $ in Thousands	12 Months Ended
Income Taxes (Details 4) - USD ($) $ in Thousands	Mar. 31, 2018	Apr. 01, 2017	Apr. 02, 2016
Reconciliation of Unrecognized Tax Benefits, Excluding Amounts Pertaining to Examined Tax Returns [Roll Forward]
Balance, beginning of year	$ 13,775	$ 14,297	$ 5,514
Gross (decreases) increases - tax positions taken during a prior period	(2,475)	(488)	248
Gross increases - tax positions taken during the current period	1,146	1,280	8,745
Reductions due to settlement with taxing authorities		(223)
Reductions due to lapse of the applicable statute of limitations	(511)	(1,091)	(210)
Balance, end of year	$ 11,935	$ 13,775	$ 14,297

Income Taxes (Details Narrative) - USD ($) $ in Thousands	12 Months Ended
Income Taxes (Details Narrative) - USD ($) $ in Thousands	Mar. 31, 2018	Apr. 01, 2017	Apr. 02, 2016
Income Tax Contingency [Line Items]
Valuation Allowances and Reserves, Period Increase (Decrease)	$ 1,400	$ 339
Net Operating Losses	9,338
Undistributed foreign earnings	2,165
Accrued interest and penalties	1,148	864
Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations	511	1,091	$ 210
Change In Interest And Penalties Related To Unrecognized Tax Benefits	284	36
Estimated Decrease In Unrecognized Tax Positions In Credits And State Tax	$ 1,777
Corporate income tax rate	21.00%
Previous Corporate income tax rate	35.00%
Income tax paid	$ 21,045	$ 29,699	$ 21,305
Foreign Tax Authority [Member]
Income Tax Contingency [Line Items]
Tax Credit Carryforward Expiration Year	2038
Effective Income Tax Rate Reconciliation, Tax Credit, Amount, Total	$ 936
Domestic Tax Authority [Member]
Income Tax Contingency [Line Items]
Tax Credit Carryforward Expiration Year	2038
Effective Income Tax Rate Reconciliation, Tax Credit, Amount, Total	$ 3,440

Stockholders' Equity (Details) - Employee Stock Option [Member] - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Mar. 31, 2018	Apr. 01, 2017
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number Of Common Stock Options, Outstanding, Beginning balance	975,974
Number Of Common Stock Options, Awarded	217,280
Number Of Common Stock Options, Exercised	(255,732)
Number Of Common Stock Options, Forfeitures	(105)
Number Of Common Stock Options, Outstanding, Ending balance	937,417	975,974
Number Of Common Stock Options, Exercisable, Ending balance	270,092
Weighted Average Exercise Price, Outstanding, Beginning balance	$ 63.30
Weighted Average Exercise Price, Awarded	104.85
Weighted Average Exercise Price, Exercised	51.91
Weighted Average Exercise Price, Forfeitures	116.25
Weighted Average Exercise Price, Outstanding, Ending balance	76.03	$ 63.30
Weighted Average Exercise Price, Exercisable, Ending balance	$ 62.10
Weighted Average Contractual Life (Years), Outstanding	5 years 2 months 12 days	5 years 2 months 12 days
Weighted Average Contractual Life (Years), Exercisable	4 years
Intrinsic Value, Outstanding	$ 45,151	$ 32,976
Intrinsic Value, Exercisable	$ 16,773

Stockholders' Equity (Details 1)	12 Months Ended
Stockholders' Equity (Details 1)	Mar. 31, 2018	Apr. 01, 2017	Apr. 02, 2016
Stockholders' Equity Note [Abstract]
Dividend yield	0.00%	0.00%	0.00%
Expected weighted-average life (yrs.)	5 years	5 years	5 years
Risk-free interest rate	2.02%	1.17%	1.70%
Expected volatility	24.17%	28.45%	31.25%

Stockholders' Equity (Details 2)	12 Months Ended
Stockholders' Equity (Details 2)	Mar. 31, 2018 $ / shares shares
Stockholders' Equity Note [Abstract]
Number Of Restricted Stock Shares, Non-vested, Beginning balance \| shares	318,391
Number Of Restricted Stock Shares, Granted \| shares	116,273
Number Of Restricted Stock Shares, Vested \| shares	(123,572)
Number Of Restricted Stock Shares, Forfeitures \| shares	(6,114)
Number Of Restricted Stock Shares, Non-vested, Ending balance \| shares	304,978
Weighted-Average Grant Date Fair Value, Non-vested, Beginning balance \| $ / shares	$ 73.02
Weighted-Average Grant Date Fair Value, Granted \| $ / shares	108.06
Weighted-Average Grant Date Fair Value, Vested \| $ / shares	69.44
Weighted-Average Grant Date Fair Value, Forfeitures \| $ / shares	77.18
Weighted-Average Grant Date Fair Value, Non-vested, Ending balance \| $ / shares	$ 87.75

Stockholders' Equity (Details Narrative) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Mar. 31, 2018	Apr. 01, 2017	Apr. 02, 2016
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Maximum option to purchase common stock, percentage	10.00%
Maximum fair market value limit to approve an award of incentive options	$ 100,000
Stock constituting voting interest, minimum	10.00%
Restricted stock outstanding	304,978	318,391
Total fair value of options vested	$ 27,113	$ 19,899	$ 12,126
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Weighted Average Grant Date Fair Value	$ 26.73	$ 20.58	$ 22.05
Total intrinsic value of options exercised	$ 16,002	$ 21,188	$ 7,219
Total awards outstanding either fully vested or expected to vest	924,595
Total awards outstanding, vested or expected to vest, weighted average exercise price	$ 76.01
Total awards outstanding, vested or expected to vest, intrinsic value	$ 44,557
Total awards outstanding, vested or expected to vest, weighted average contractual term in years	5 years 2 months 12 days
Two Thousand Five Long TermIncentive Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Outstanding options	138,500
Number Of Common Stock Options, Exercisable, Ending balance	99,800
Restricted stock outstanding	9,259
Option to be exercised within period, maximum, in years	10 years
Restricted Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized compensation costs	$ 21,141
Unrecognized compensation costs related to options expected to be recognized over a weighted average period in years	3 years 1 month 6 days
Net of taxes	$ 3,282
Restricted stock awards compensation	$ 5,635
Two Thousand Thirteen Long Term Incentive Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Grant options	798,917
Common stock authorized for issuance	1,500,000
Option to be exercised within period, maximum, in years	7 years
Number Of Common Stock Options, Exercisable, Ending balance	170,292
Restricted stock outstanding	295,719
2017 Long - Term Incentive Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Common stock authorized for issuance	1,500,000
Option to be exercised within period, maximum, in years	10 years
Two Thousand Five Longterm Incentive Plan Amendments In September Two Thousand Ten [Member] \| Minimum [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Common Stock, Capital Shares Reserved for Future Issuance	2,239,170
Two Thousand Five Longterm Incentive Plan Amendments In September Two Thousand Ten [Member] \| Maximum [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Common Stock, Capital Shares Reserved for Future Issuance	2,939,170
More Than Ten Percent Company's Voting Power [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Exercise price minimum percent of fair market value of common stock share	110.00%
Two Thousand Five Long Term Incentive Plan Amendment In September Two Thousand Seven [Member] \| Minimum [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Common Stock, Capital Shares Reserved for Future Issuance	1,639,170
Two Thousand Five Long Term Incentive Plan Amendment In September Two Thousand Seven [Member] \| Maximum [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Common Stock, Capital Shares Reserved for Future Issuance	2,239,170
Two Thousand Five Long-Term Incentive Plan, Amendments In September Two Thousand Six [Member] \| Minimum [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Common Stock, Capital Shares Reserved for Future Issuance	1,139,170
Two Thousand Five Long-Term Incentive Plan, Amendments In September Two Thousand Six [Member] \| Maximum [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Common Stock, Capital Shares Reserved for Future Issuance	1,639,170
Employee Stock Option [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Outstanding options	937,417	975,974
Number Of Common Stock Options, Exercisable, Ending balance	270,092
Unrecognized compensation costs	$ 11,983
Unrecognized compensation costs related to options expected to be recognized over a weighted average period in years	3 years 4 months 24 days

Commitments and Contingencies (Details) $ in Thousands	Mar. 31, 2018 USD ($)
Commitments and Contingencies Disclosure [Abstract]
2019	$ 6,384
2020	4,656
2021	3,925
2022	2,732
2023	2,501
2024 and thereafter	$ 3,525

Commitments and Contingencies (Details Narrative) - USD ($) $ in Thousands	12 Months Ended
	Mar. 31, 2018	Apr. 01, 2017	Apr. 02, 2016
Commitments and Contingencies Disclosure [Abstract]
Operating Leases Rent Expense For Transportation Computer And Office Equipment	$ 1,721	$ 1,656	$ 1,606
Employees Represented By Labor Unions	8.50%
Operating Leases, Rent Expense	$ 5,440	$ 5,548	$ 5,101
Operating Lease Expiration Date	February 29, 2028

Other, Net (Details) - USD ($) $ in Thousands	12 Months Ended
Other, Net (Details) - USD ($) $ in Thousands	Mar. 31, 2018	Apr. 01, 2017	Apr. 02, 2016
Other Net
Plant consolidation and restructuring costs	$ 7,685	$ 4,124	$ 1,063
Acquisition costs		55	5,096
Provision for doubtful accounts	125	96	191
Amortization of intangibles	9,344	9,272	9,000
Other (income) expense	(308)	(566)	866
Other, net	$ 16,846	$ 12,981	$ 16,216

Reportable Segments (Details) - USD ($) $ in Thousands	12 Months Ended
Reportable Segments (Details) - USD ($) $ in Thousands	Mar. 31, 2018	Apr. 01, 2017	Apr. 02, 2016
Segment Reporting Information [Line Items]
Net External Sales	$ 674,949	$ 615,388	$ 597,472
Gross Margin	258,111	229,596	218,778
Selling, General & Administrative Expenses	113,124	102,922	98,721
Operating Income	128,141	113,693	103,841
Total Assets	1,142,751	1,108,847	1,098,510
Capital Expenditures	27,976	20,894	20,864
Depreciation & Amortization	28,360	27,372	25,807
Geographic External Sales	674,949	615,388	597,472
Geographic Long-Lived Assets	192,513	183,625	184,744
Intersegment Sales	52,736	49,950	55,663
Plain [Member]
Segment Reporting Information [Line Items]
Net External Sales	296,708	277,700	270,534
Gross Margin	115,592	110,215	103,500
Selling, General & Administrative Expenses	25,991	23,585	21,008
Operating Income	86,334	81,063	73,289
Total Assets	401,248	371,169	628,531
Capital Expenditures	11,468	9,386	5,984
Depreciation & Amortization	9,296	9,075	9,145
Intersegment Sales	5,209	4,061	3,973
Roller [Member]
Segment Reporting Information [Line Items]
Net External Sales	132,021	109,483	112,039
Gross Margin	55,028	41,678	47,469
Selling, General & Administrative Expenses	6,307	6,116	5,958
Operating Income	48,699	33,821	41,270
Total Assets	157,012	147,226	286,418
Capital Expenditures	4,245	4,021	4,239
Depreciation & Amortization	4,109	4,198	4,008
Intersegment Sales	13,262	15,202	18,874
Ball [Member]
Segment Reporting Information [Line Items]
Net External Sales	67,806	58,448	53,650
Gross Margin	27,965	22,772	21,352
Selling, General & Administrative Expenses	6,773	5,657	5,512
Operating Income	20,919	16,593	15,182
Total Assets	60,000	55,788	55,675
Capital Expenditures	2,407	2,155	1,457
Depreciation & Amortization	1,752	1,836	1,790
Intersegment Sales	2,408	1,732	2,475
Engineered Products [Member]
Segment Reporting Information [Line Items]
Net External Sales	178,414	169,757	161,249
Gross Margin	59,526	54,931	46,457
Selling, General & Administrative Expenses	21,071	19,065	19,631
Operating Income	25,081	30,877	26,970
Total Assets	465,479	474,339	454,428
Capital Expenditures	7,209	4,591	5,693
Depreciation & Amortization	10,777	10,443	9,411
Intersegment Sales	31,857	28,955	30,341
Corporate Segment [Member]
Segment Reporting Information [Line Items]
Selling, General & Administrative Expenses	52,982	48,499	46,612
Operating Income	(52,892)	(48,661)	(52,870)
Total Assets	59,012	60,325	(326,542)
Capital Expenditures	2,647	741	3,491
Depreciation & Amortization	2,426	1,820	1,453
Foreign Tax Authority [Member]
Segment Reporting Information [Line Items]
Total Assets	135,801	125,164
Geographic External Sales	82,131	74,614	75,067
Geographic Long-Lived Assets	41,797	39,236	39,206
Domestic Tax Authority [Member]
Segment Reporting Information [Line Items]
Geographic External Sales	592,818	540,774	522,405
Geographic Long-Lived Assets	$ 150,716	$ 144,389	$ 145,538