XML 50 R28.htm IDEA: XBRL DOCUMENT v2.4.1.9
Subsequent Events
12 Months Ended
Mar. 29, 2015
Subsequent Events [Abstract]  
Subsequent Events
Subsequent Events
On April 27, 2015, the Company completed the sale of the remaining HSC business to eSilicon Corporation (“eSilicon”), for $1.5 million which will be paid on or before April 27, 2017. In connection with the sale, the Company entered into an Exclusive Intellectual Property License Agreement with eSilicon, whereby the Company will provide an exclusive license to eSilicon to develop, manufacture, sell and maintain HSC products. In connection with the sale, the Company and eSilicon also entered into a Transition Services Agreement, whereby the Company will provide certain transition services over a specific period from the effective date of the sale. Also, as part of the sale, the Company will transfer to eSilicon certain assets with a nominal carrying value.
In April 2015, the Company's Board of Directors approved a new share repurchase program authorization for $300 million.