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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Jun. 27, 2020
Jun. 29, 2019
Cash flows from operating activities:    
Net income $ 93,836 $ 241,459
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization of software 31,749 23,853
Amortization - others 15,059 9,085
Stock-based compensation 50,383 42,753
Benefit for deferred income taxes (8,979) (2,114)
Others 2,640 (10,240)
Changes in assets and liabilities:    
Accounts receivable, net (32,152) 29,211
Inventories 12,127 (21,400)
Prepaid expenses and other current assets (1,925) 620
Other assets (23,018) (13,408)
Accounts payable 1,333 (9,106)
Accrued liabilities 29,622 (13,830)
Income taxes payable 74,796 21,333
Net cash provided by operating activities 245,471 298,216
Cash flows from investing activities:    
Purchases of available-for-sale securities (1,678,000) (361,315)
Proceeds from sale and maturity of available-for-sale and equity securities 318,857 707,388
Purchases of property, plant and equipment and software (15,461) (29,201)
Other investing activities (6,280) 3,549
Acquisition of business, net of cash acquired 0 (25,145)
Net cash provided by (used in) investing activities (1,380,884) 295,276
Cash flows from financing activities:    
Repurchases of common stock (53,682) (444,995)
Taxes paid related to net share settlements of restricted stock units (3,240) (4,122)
Proceeds from issuance of common stock through various stock plans 1 3
Payment of dividends to stockholders (92,414) (93,961)
Proceeds from issuance of long-term debt, net 744,423 0
Other financing activities (10,002) (4,881)
Net cash provided by (used in) financing activities 585,086 (547,956)
Net increase (decrease) in cash and cash equivalents (550,327) 45,536
Cash and cash equivalents at beginning of period   1,544,490
Cash and cash equivalents at end of period 1,227,376 1,590,026
Supplemental disclosure of cash flow information:    
Interest paid 13,789 23,013
Income taxes paid, net $ 3,747 $ 1,661