Stock-Based Compensation Plans (Tables)
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12 Months Ended |
Mar. 31, 2018 |
Disclosure of Compensation Related Costs, Share-based Payments [Abstract] |
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Schedule of Share-based Compensation, Restricted Stock and Restricted Stock Units Activity [Table Text Block] |
The per share weighted-average fair value of RSUs granted during fiscal 2018, 2017 and 2016 were $60.18, $44.38 and $41.19, respectively. The weighted average fair value of RSUs granted in fiscal 2018, 2017 and 2016 were calculated based on estimates at the date of grant using the following weighted-average assumptions: | | | | | | | | | |
| Fiscal 2018 | | Fiscal 2017 | | Fiscal 2016 | Risk-free interest rate | 1.8 | % | | 0.9 | % | | 1.3 | % | Dividend yield | 2.2 | % | | 2.8 | % | | 2.8 | % |
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Shares available for grant under stock option plan |
A summary of shares available for grant under the 2007 Equity Plan is as follows: | | | | | (Shares in thousands) | | Shares Available for Grant | March 28, 2015 | | 15,373 |
| Stock options cancelled | | 10 |
| RSUs granted | | (3,088 | ) | RSUs cancelled | | 651 |
| April 2, 2016 | | 12,946 |
| Additional shares reserved | | 2,500 |
| Stock options cancelled | | 1 |
| RSUs granted | | (3,398 | ) | RSUs cancelled | | 410 |
| April 1, 2017 | | 12,459 |
| Additional shares reserved | | 1,900 |
| RSUs granted | | (3,718 | ) | RSUs cancelled | | 701 |
| March 31, 2018 | | 11,342 |
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Summary of restricted stock unit activity and related information |
A summary of the Company's RSU activity and related information is as follows: | | | | | | | | | | | | | RSUs Outstanding | (Shares and intrinsic value in thousands) | Number of Shares |
| Weighted-Average Grant-Date Fair Value Per Share |
| Weighted Average Remaining Contractual Term (Years) |
| Aggregate Intrinsic Value (1) | March 28, 2015 | 6,873 |
| | $39.07 | | | | | Granted | 3,088 |
| | $41.19 | | | | | Vested (2) | (2,691 | ) | | $37.23 | | | | | Cancelled | (651 | ) | | $39.77 | | | | | April 2, 2016 | 6,619 |
| | $40.74 | | | | | Granted | 3,398 |
| | $44.38 | | | | | Vested (2) | (2,619 | ) | | $39.49 | | | | | Cancelled | (410 | ) | | $41.63 | | | | | April 1, 2017 | 6,988 |
| | $42.93 | | | | | Granted | 3,718 |
| | $60.18 | | | | | Vested (2) | (3,016 | ) | | $43.30 | | | | | Cancelled | (701 | ) | | $48.16 | | | | | March 31, 2018 | 6,989 |
| | $51.39 | | 2.37 | | $ | 504,733 |
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| Expected to vest as of March 31, 2018 | 5,585 |
| | $51.46 | | 2.36 | | $ | 403,490 |
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| | (1) | Aggregate intrinsic value for RSUs represents the closing price per share of Xilinx's stock on March 31, 2018 of $72.24, multiplied by the number of RSUs outstanding or expected to vest as of March 31, 2018. |
| | (2) | The number of RSUs vested includes shares that the Company withheld on behalf of employees to satisfy the statutory tax withholding requirements. |
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Employee stock purchase plan, valuation assumptions |
These fair values per share were estimated at the date of grant using the following weighted-average assumptions: | | | | | | | | | | | Employee Stock Purchase Plan | | Fiscal 2018 | | Fiscal 2017 | | Fiscal 2016 | Expected life of options (years) | 1.3 |
| | 1.3 |
| | 1.3 |
| Expected stock price volatility | 0.29 |
| | 0.24 |
| | 0.26 |
| Risk-free interest rate | 1.6 | % | | 0.7 | % | | 0.5 | % | Dividend yield | 2.1 | % | | 2.4 | % | | 2.7 | % |
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Stock-Based compensation expense |
The following table summarizes stock-based compensation expense related to stock awards granted under the Company's equity incentive plans and rights to acquire stock granted under the Company's Amended and Restated 1990 Employee Qualified Stock Purchase Plan (ESPP): | | | | | | | | | | | | | | Years Ended | (In thousands) | March 31, 2018 | | April 1, 2017 | | April 2, 2016 | Stock-based compensation included in: |
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| Cost of revenues | $ | 8,492 |
| | $ | 8,014 |
| | $ | 7,977 |
| Research and development | 76,790 |
| | 66,822 |
| | 59,692 |
| Selling, general and administrative | 51,912 |
| | 48,022 |
| | 44,315 |
| Executive transition costs | 16,621 |
| | — |
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| Stock-based compensation effect on income before taxes | 153,815 |
| | 122,858 |
| | 111,984 |
| Income tax effect | (40,188 | ) | | (37,752 | ) | | (34,119 | ) | Net stock-based compensation effect on net income | $ | 113,627 |
| | $ | 85,106 |
| | $ | 77,865 |
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