Leases and Commitments

3 Months Ended

Jul. 03, 2021

Commitments and Contingencies Disclosure [Abstract]

Leases and Commitments

Leases and Commitments

Xilinx leases some of its facilities and office buildings under non-cancelable operating leases that expire at various dates through August 2029. Additionally, Xilinx entered into a land lease in conjunction with the Company’s building in Singapore, which will expire in November 2035 and the lease cost was settled in an up-front payment in June 2006. Some of the operating leases for facilities and office buildings require payment of operating costs, including property taxes, repairs, maintenance and insurance. Most of the Company’s leases contain renewal options for varying terms. These renewal terms can extend the lease term from 1 to 15 years, and are included in the lease term when it is reasonably certain that the Company will exercise the option. The following table presents the maturities of lease liabilities as of July 3, 2021:

Fiscal	(In thousands)
2022 (remaining nine months)	$	10,070
2023	9,841
2024	7,873
2025	6,511
2026	6,376
Thereafter	22,818
Total lease payments	63,489
Less: Imputed interest	(12,337)
Total lease liabilities	$	51,152

The Company's leases were included as a component of the following condensed consolidated balance sheet lines:

(In thousands)	July 3, 2021		April 3, 2021
Other assets	$	48,033	$	48,322
Other accrued liabilities	10,037		10,461
Other long-term liabilities	41,115		40,858

The components of lease costs were as follows:

	Three Months Ended
(In thousands)	July 3, 2021		June 27, 2020
Operating lease cost	$	3,798	$	3,701
Lease income	(579)		(922)
Total lease cost	$	3,219	$	2,779

Other information related to leases were as follows:

(In thousands)	July 3, 2021		June 27, 2020
Cash paid for operating leases included in operating cash flows	$	3,423	$	3,384

	July 3, 2021		June 27, 2020
Weighted-average remaining lease term - operating leases (in years)	6.6		7.2
Weighted-average remaining discount rate - operating leases	5.6	%	5.6	%

Other commitments as of July 3, 2021 totaled $232.6 million and consisted of purchases of inventory and other non-cancelable purchase obligations related to subcontractors that manufacture silicon wafers and provide assembly and some test services. The Company expects to receive and pay for these materials and services in the next three to six months, as the products meet delivery and quality specifications. Additionally, as of July 3, 2021, the Company had $40.7 million commitments primarily related to open purchase orders from ordinary operations. These commitments expire at various dates through December 2023.