Income Taxes (Tables)

12 Months Ended

Mar. 30, 2013

The provision for income taxes consists of the following:



(In thousands)	March 30, 2013			March 31, 2012			April 2, 2011
Federal:
Current	$	97,108		$	(17,333	)	$	14,172
Deferred	(45,465		)	74,911			95,660
	51,643			57,578			109,832
State:
Current	1,007			(2,999		)	2,365
Deferred	1,742			6,591			13,240
	2,749			3,592			15,605
Foreign:
Current	5,455			7,978			3,107
Deferred	(377		)	(2,176		)	661
	5,078			5,802			3,768
Total	$	59,470		$	66,972		$	129,205

Schedule of Income before Income Tax, Domestic and Foreign

The domestic and foreign components of income before income taxes were as follows:



(In thousands)	March 30, 2013		March 31, 2012		April 2, 2011
Domestic	$	45,617	$	74,959	$	161,784
Foreign	501,389		522,092		609,296
Income before income taxes	$	547,006	$	597,051	$	771,080

Schedule of Effective Income Tax Rate Reconciliation

The provision for income taxes reconciles to the amount derived by applying the Federal statutory income tax rate to income before provision for taxes as follows:



(In thousands)	March 30, 2013			March 31, 2012			April 2, 2011
Income before provision for taxes	$	547,006		$	597,051		$	771,080
Federal statutory tax rate	35		%	35		%	35		%
Computed expected tax	191,452			208,968			269,878
State taxes, net of federal benefit	1,787			2,162			10,317
Foreign earnings at lower tax rates	(107,730		)	(117,013		)	(131,261		)
Tax credits	(26,305		)	(29,633		)	(17,431		)
Other	266			2,488			(2,298		)
Provision for income taxes	$	59,470		$	66,972		$	129,205

Schedule of Deferred Tax Assets and Liabilities

The major components of deferred tax assets and liabilities consisted of the following as of March 30, 2013 and March 31, 2012:



(In thousands)	2013			2012
Deferred tax assets:
Stock-based compensation	$	28,334		$	29,451
Deferred income on shipments to distributors	10,299			10,493
Accrued expenses	35,601			39,942
Tax loss carryforwards	3,928			3,856
Tax credit carryforwards	96,327			97,104
Intangible and fixed assets	12,409			4,115
Strategic and equity investments	7,781			7,313
Deferred compensation plan	19,375			17,423
Other	2,827			4,132
Subtotal	216,881			213,829
Valuation allowance	(40,065		)	(28,963		)
Total deferred tax assets	176,816			184,866
Deferred tax liabilities:
Unremitted foreign earnings	(244,892		)	(308,017		)
State income taxes	(16,793		)	(17,343		)
Convertible debt	(205,075		)	(192,397		)
Other	(8,461		)	(8,605		)
Total deferred tax liabilities	(475,221		)	(526,362		)
Total net deferred tax liabilities	$	(298,405	)	$	(341,496	)

Schedule of Changes to Unrecognized Income Tax Benefits

The aggregate changes in the balance of gross unrecognized tax benefits for fiscal 2013 and 2012 were as follows:



(In thousands)	2013			2012
Balance as of beginning of fiscal year	$	65,038		$	79,690
Increases in tax positions for prior years	2,208			56
Decreases in tax positions for prior years	(4,281		)	(653		)
Increases in tax positions for current year	17,660			3,768
Settlements	(44		)	(39		)
Lapses in statutes of limitation	(10,624		)	(17,784		)
Balance as of end of fiscal year	$	69,957		$	65,038