Income Taxes (Tables)

12 Months Ended

Apr. 02, 2017

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 2, 2017			April 3, 2016			March 29, 2015
Income before income taxes from continuing operations:
United States	$	(16,736	)	$	5,431		$	6,113
Foreign	116,021			128,433			109,825
Income before income taxes	$	99,285		$	133,864		$	115,938
Income tax expense (benefit) from continuing operations:
Current:
United States	$	(146	)	$	5,694		$	—
State	103			154			47
Foreign	1,611			38			1,312
	1,568			5,886			1,359
Deferred:
United States	(6,363		)	(59,944		)	79
State	7			26			2
Foreign	(5,111		)	(7,403		)	(83		)
	(11,467		)	(67,321		)	(2		)
Income tax expense (benefit) from continuing operations	$	(9,899	)	$	(61,435	)	$	1,357

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 2, 2017			April 3, 2016			March 29, 2015
Provision from continuing operations at 35% U.S. statutory rate	$	34,750		$	46,852		$	40,579
State tax, net of federal benefit	(389		)	198			160
Effect of foreign operations	(48,018		)	(55,331		)	(35,740		)
Repatriation of foreign earnings	10,121			32,957			—
Valuation allowance	1,424			(81,553		)	3,372
Research tax credits	(7,801		)	(6,150		)	(4,439		)
Stock-based compensation	(1,785		)	1,028			(2,740		)
Other	1,799			564			165
Income tax expense (benefit) from continuing operations	$	(9,899	)	$	(61,435	)	$	1,357

Significant Components of Deferred Tax Assets and Liabilities

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

(in thousands)	April 2, 2017			April 3, 2016
Deferred tax assets:
Deferred income on shipments to distributors	$	307		$	2,016
Non-deductible accruals and reserves	17,291			19,432
Net operating losses and credit carryforwards	148,941			112,380
Depreciation and amortization	14,005			14,473
Stock options	4,087			3,262
Other	2,046			1,747
Total deferred tax assets	186,677			153,310
Deferred tax liabilities:
Purchased intangibles	(31,421		)	(38,318		)
Other	(9,997		)	(10,975		)
Total deferred tax liabilities	(41,418		)	(49,293		)
Valuation allowance	(73,263		)	(62,800		)
Net deferred tax assets	$	71,996		$	41,217

Unrecognized Tax Benefits Activity

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

	Fiscal Year Ended
(in thousands)	April 2, 2017			April 3, 2016			March 29, 2015
Beginning balance	$	33,075		$	33,190		$	32,237
Increases related to prior year tax positions	1,374			1,474			549
Decreases related to prior year tax positions	(87		)	(719		)	(296		)
Increases related to current year tax positions	2,864			938			803
Decrease related to settlement	—			(1,758		)	—
Decreases related to the lapsing of statute of limitations	(233		)	(50		)	(103		)
Ending balance	$	36,993		$	33,075		$	33,190