Income Taxes (Tables)

12 Months Ended

Apr. 03, 2016

Income Tax Disclosure [Abstract]

Components of Income (Loss) before Income Taxes and Income Tax Expense (Benefit)

The components of income (loss) before income taxes and the income tax expense (benefit) were as follows:

	Fiscal Year Ended
(in thousands)	April 3, 2016			March 29, 2015			March 30, 2014
Income before income taxes from continuing operations:
United States	$	5,431		$	6,113		$	8,634
Foreign	128,433			109,825			103,660
Income before income taxes	$	133,864		$	115,938		$	112,294
Income tax expense (benefit) from continuing operations:
Current:
United States	$	5,694		$	—		$	(118	)
State	154			47			35
Foreign	38			1,312			867
	5,886			1,359			784
Deferred:
United States	(59,944		)	79			240
State	26			2			14
Foreign	(7,403		)	(83		)	(57		)
	(67,321		)	(2		)	197
Income tax expense (benefit) from continuing operations	$	(61,435	)	$	1,357		$	981

Reconciliation between Statutory and Effective Income Tax Rates

Reconciliation between the statutory U.S. income tax rate of 35% and the effective rate is as follows:

	Fiscal Year Ended
(in thousands)	April 3, 2016			March 29, 2015			March 30, 2014
Provision from continuing operations at 35% U.S. statutory rate	$	46,852		$	40,579		$	39,303
State tax, net of federal benefit	198			160			32
Effect of foreign operations	(55,331		)	(35,740		)	(33,217		)
Repatriation of foreign earnings	32,957			—			5,623
Valuation allowance	(81,553		)	3,372			(4,622		)
Research tax credits	(6,150		)	(4,439		)	(6,363		)
Stock-based compensation	1,028			(2,740		)	(689		)
Other	564			165			914
Income tax expense (benefit) from continuing operations	$	(61,435	)	$	1,357		$	981

Significant Components of Deferred Tax Assets and Liabilities

Significant components of deferred tax assets and liabilities were as follows: 

(in thousands)	April 3, 2016			March 29, 2015
Deferred tax assets:
Deferred income on shipments to distributors	$	2,016		$	3,057
Non-deductible accruals and reserves	19,432			9,337
Net operating losses and credit carryforwards	112,380			122,178
Depreciation and amortization	14,473			12,274
Stock options	3,262			1,849
Other	1,747			1,737
Total deferred tax assets	153,310			150,432
Deferred tax liabilities:
Purchased intangibles	(38,318		)	(564		)
Other	(10,975		)	(2,699		)
Total deferred tax liabilities	(49,293		)	(3,263		)
Valuation allowance	(62,800		)	(148,954		)
Net deferred tax assets (liabilities)	$	41,217		$	(1,785	)

Unrecognized Tax Benefits Activity

The following tables summarize the activities of gross unrecognized tax benefits:

	Fiscal Year Ended
(in thousands)	April 3, 2016			March 29, 2015			March 30, 2014
Beginning balance	$	33,190		$	32,237		$	31,066
Increases related to prior year tax positions	1,474			549			90
Decreases related to prior year tax positions	(719		)	(296		)	(301		)
Increases related to current year tax positions	938			803			1,498
Decrease related to settlement	(1,758		)	—			—
Decreases related to the lapsing of statute of limitations	(50		)	(103		)	(116		)
Ending balance	$	33,075		$	33,190		$	32,237