XML 50 R36.htm IDEA: XBRL DOCUMENT v3.19.1
Stock-Based Compensation Plans (Tables)
 12 Months Ended
Mar. 30, 2019
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
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 2019, 2018 and 2017 were $66.94, $60.18 and $44.38, respectively. The weighted average fair value of RSUs granted in fiscal 2019, 2018 and 2017 were calculated based on estimates at the date of grant using the following weighted-average assumptions: 

Fiscal 2019
 
Fiscal 2018
 
Fiscal 2017
Risk-free interest rate
2.7
%
 
1.8
%
 
0.9
%
Dividend yield
2.1
%
 
2.2
%
 
2.8
%
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
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

Additional shares reserved
 
3,000

RSUs granted
 
(3,559
)
RSUs cancelled
 
536

March 30, 2019
 
11,319
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)
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
 
 
 
 
Granted
3,559

 
$66.94
 
 
 
 
Vested (2)
(2,681
)
 
$49.05
 
 
 
 
Cancelled
(536
)
 
$55.09
 
 
 
 
March 30, 2019
7,331

 
$59.54
 
2.42
 
$
929,644




 

 

 


Expected to vest as of March 30, 2019
5,733

 
$59.62
 
2.42
 
$
726,876



(1)
Aggregate intrinsic value for RSUs represents the closing price per share of Xilinx's stock on March 30, 2019 of $126.79, multiplied by the number of RSUs outstanding or expected to vest as of March 30, 2019.

(2)
The number of RSUs vested includes shares that the Company withheld on behalf of employees to satisfy the statutory tax withholding requirements.
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 2019
 
Fiscal 2018
 
Fiscal 2017
Expected life of options (years)
1.3

 
1.3

 
1.3

Expected stock price volatility
0.33

 
0.29

 
0.24

Risk-free interest rate
2.5
%
 
1.6
%
 
0.7
%
Dividend yield
1.7
%
 
2.1
%
 
2.4
%
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 30, 2019
 
March 31, 2018
 
April 1, 2017
Stock-based compensation included in:

 

 

Cost of revenues
$
8,820

 
$
8,492

 
$
8,014

Research and development
86,428

 
76,790

 
66,822

Selling, general and administrative
52,694

 
51,912

 
48,022

Executive transition costs
—

 
16,621

 
—

Stock-based compensation effect on income before taxes
147,942

 
153,815

 
122,858

Income tax effect
(29,361
)
 
(40,188
)
 
(37,752
)
Net stock-based compensation effect on net income
$
118,581

 
$
113,627

 
$
85,106