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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Jan. 02, 2016
Dec. 27, 2014
Cash flows from operating activities:    
Net income $ 405,833 $ 513,593
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 38,768 40,857
Amortization 13,149 15,556
Stock-based compensation 84,464 79,900
Net gain on sale of available-for-sale securities (599) (5,508)
Amortization of debt discounts 9,033 9,014
Provision for deferred income taxes 49,435 19,712
Excess tax benefit from stock-based compensation (12,326) (16,669)
Changes in assets and liabilities:    
Accounts receivable, net 43,439 80,337
Inventories 35,050 (12,299)
Prepaid expenses and other current assets (148) (11,703)
Other assets (3,291) (322)
Accounts payable (5,511) (91,464)
Accrued liabilities 4,909 1,640
Income taxes payable (35,982) 5,710
Deferred income on shipments to distributors (19,055) (3,613)
Net cash provided by operating activities 607,168 624,741
Cash flows from investing activities:    
Purchases of available-for-sale securities (2,253,840) (2,112,128)
Proceeds from sale and maturity of available-for-sale securities 2,183,296 2,646,410
Purchases of property, plant and equipment (19,169) (23,682)
Other investing activities (5,700) (7,440)
Net cash provided by (used in) investing activities (95,413) 503,160
Cash flows from financing activities:    
Repurchases of common stock (299,998) (476,012)
Proceeds from issuance of common stock through various stock plans, net 21,720 19,338
Payment of dividends to stockholders (240,111) (230,550)
Excess tax benefit from stock-based compensation 12,326 16,669
Net cash used in financing activities (506,063) (670,555)
Net increase in cash and cash equivalents 5,692 457,346
Cash and cash equivalents at beginning of period [1] 892,572 973,677
Cash and cash equivalents at end of period 898,264 1,431,023
Supplemental disclosure of cash flow information:    
Interest paid 28,563 28,776
Income taxes paid, net $ 47,562 $ 41,252
[1] Derived from audited financial statements