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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Apr. 03, 2016
Mar. 29, 2015
Mar. 30, 2014
Cash flows provided by operating activities:      
Net income $ 194,737 $ 93,909 $ 88,364
Adjustments:      
Depreciation 18,346 18,808 20,872
Amortization of intangible assets 15,354 6,573 24,793
Amortization of debt issuance cost and debt discount 5,354 0 0
Asset impairment 0 8,471 7,230
Gain on sale of property, plant and equipment (325) 0 0
Gain from divestitures 0 (16,840) (78,632)
Stock-based compensation expense, net of amounts capitalized in inventory 34,125 22,259 13,352
Deferred tax benefit (67,277) (293) (8)
Excess tax benefit from stock-based payment arrangements (4,475) 0 0
Changes in assets and liabilities (net of amounts acquired):      
Accounts receivable, net (1,640) 5,286 (6,821)
Inventories 11,719 4,412 2,935
Prepayments and other assets 2,705 (2,337) 4,348
Accounts payable 6,527 2,314 (144)
Accrued compensation and related expenses (13,312) 19,306 1,847
Deferred income on shipments to distributors (8,688) 1,688 (533)
Income taxes payable and receivable 4,463 90 (888)
Other accrued liabilities and long-term liabilities (5,011) 8,126 (1,086)
Net cash provided by operating activities 192,602 171,772 75,629
Cash flows used for investing activities:      
Acquisitions, net of cash acquired (279,138) 0 0
Cash in escrow related to acquisitions 2,700 1,026 6,000
Proceeds from divestitures 0 15,300 96,299
Purchases of property, plant and equipment, net (16,286) (17,765) (17,448)
Purchase of intangible assets (10,800) 0 0
Purchases of non-marketable equity securities (6,020) (4,000) 0
Purchases of short-term investments (364,029) (285,817) (463,283)
Proceeds from sales of short-term investments 551,289 119,070 231,890
Proceeds from maturities of short-term investments 96,771 90,344 34,422
Net cash used for investing activities (25,513) (81,842) (112,120)
Cash flows used for financing activities:      
Proceeds from issuance of common stock 19,722 21,067 46,066
Repurchase of common stock (422,262) (79,245) (44,005)
Proceeds from issuance of senior convertible notes, net of issuance costs 363,445 0 0
Purchase of convertible note hedge (94,185) 0 0
Proceeds from issuance of warrants 56,847 0 0
Payment of acquisition related contingent consideration 0 (1,600) (5,130)
Payment of capital lease obligations (221) 0 0
Repayment of loans (9,437) 0 0
Excess tax benefit from stock-based payment arrangements 4,475 0 0
Net cash used for financing activities (81,616) (59,778) (3,069)
Effect of exchange rates on cash and cash equivalents 813 (4,418) (66)
Net increase (decrease) in cash and cash equivalents 86,286 25,734 (39,626)
Cash and cash equivalents at beginning of period 116,945 91,211 130,837
Cash and cash equivalents at end of period 203,231 116,945 91,211
Cash paid for:      
Interest 67 27 21
Fees on Prepayments of Loans 259 0 0
Income taxes, net of refunds 996 1,840 1,848
Non-cash investing activities:      
Additions to property, plant and equipment included in accounts payable 1,389 473 223
Additions to Intangible Assets Included in Other Long-Term Liabilities 600 0 0
Conversion of a cost method investment in convertible notes to ordinary shares of stock $ (2,020) $ 0 $ 0