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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Sep. 26, 2015
Sep. 27, 2014
Cash flows from operating activities:    
Net income $ 275,013 $ 345,127
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 25,725 27,146
Amortization 8,708 10,508
Stock-based compensation 53,001 50,846
Net gain on sale of available-for-sale securities (618) (2,412)
Amortization of debt discounts 6,019 6,008
Provision for deferred income taxes 1,129 26,304
Excess tax benefit from stock-based compensation (10,455) (13,775)
Changes in assets and liabilities:    
Accounts receivable, net (36,013) (22,796)
Inventories 18,119 (28,409)
Prepaid expenses and other current assets (9,051) (13,250)
Other assets (3,106) (2,871)
Accounts payable (4,834) (44,006)
Accrued liabilities (11,909) 7,066
Income taxes payable (10,481) (17,237)
Deferred income on shipments to distributors 15,636 5,751
Net cash provided by operating activities 316,883 334,000
Cash flows from investing activities:    
Purchases of available-for-sale securities (1,349,852) (1,566,289)
Proceeds from sale and maturity of available-for-sale securities 1,248,939 1,432,191
Purchases of property, plant and equipment (13,051) (17,543)
Other investing activities 242 (5,251)
Net cash used in investing activities (113,722) (156,892)
Cash flows from financing activities:    
Repurchases of common stock (199,998) (301,015)
Proceeds from issuance of common stock through various stock plans, net 14,823 5,532
Payment of dividends to stockholders (160,402) (154,378)
Excess tax benefit from stock-based compensation 10,455 13,775
Net cash used in financing activities (335,122) (436,086)
Net decrease in cash and cash equivalents (131,961) (258,978)
Cash and cash equivalents at beginning of period 892,572 [1] 973,677
Cash and cash equivalents at end of period 760,611 714,699
Supplemental disclosure of cash flow information:    
Interest paid 20,688 20,901
Income taxes paid, net $ 46,121 $ 40,139
[1] Derived from audited financial statements