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Stock-Based Compensation Plans (Tables)
12 Months Ended
Mar. 31, 2012
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Stock-Based compensation expense
                         
(In thousands)   2012     2011     2010  

Stock-based compensation included in:

                       

Cost of revenues

  $ 5,630     $ 4,825     $ 5,180  

Research and development

    32,310       28,780       25,766  

Selling, general and administrative

    29,478       26,653       24,590  

Restructuring charges

    —         —         945  
   

 

 

   

 

 

   

 

 

 

Stock-based compensation effect on income before taxes

    67,418       60,258       56,481  

Income tax effect

    (19,214     (18,561     (17,105
   

 

 

   

 

 

   

 

 

 

Net stock-based compensation effect on net income

  $ 48,204     $ 41,697     $ 39,376  
   

 

 

   

 

 

   

 

 

 
Summary of options outstanding
                                                 
    Stock Options     Employee Stock Purchase Plan  
    2012     2011     2010     2012     2011     2010  

Expected life of options (years)

    5.1       5.1       5.2       1.3       1.3       1.3  

Expected stock price volatility

    0.31       0.35       0.35       0.29       0.31       0.33  

Risk-free interest rate

    1.1     1.8     2.5     0.2     0.3     0.6

Dividend yield

    2.4     2.5     2.7     2.4     2.3     2.5
Summary of shares available for grant
                         
    2012     2011     2010  

Risk-free interest rate

    0.7     1.0     1.6

Dividend yield

    2.2     2.5     2.7
Summary of option plans activity
                                 
(Shares and intrinsic value in thousands)   Number of Shares     Weighted-Average
Exercise Price Per
Share
    Weighted-Average
Remaining
Contractual Term
(Years)
    Aggregate Intrinsic
Value (1)
 

Vested (i.e., exercisable)

    15,349     $ 28.78       2.84     $ 133,990  

Expected to vest

    2,323     $ 25.51       5.12     $ 25,474  
   

 

 

                   

 

 

 

Total vested and expected to vest

    17,672     $ 28.35       3.14     $ 159,464  
   

 

 

                   

 

 

 

Total outstanding

    17,788     $ 28.32       3.14     $ 160,941  
   

 

 

                   

 

 

 
Stock options Plans under outstanding and exercisable
         
(Shares in thousands)   Shares Available for Grant  

March 28, 2009

    11,052  

Additional shares reserved

    5,000  

Stocks options granted

    (2,461

Stock options cancelled

    314  

RSUs granted

    (1,885

RSUs cancelled

    302  
   

 

 

 

April 3, 2010

    12,322  

Additional shares reserved

    4,500  

Stocks options granted

    (2,345

Stock options cancelled

    365  

RSUs granted

    (2,043

RSUs cancelled

    365  
   

 

 

 

April 2, 2011

    13,164  

Additional shares reserved

    4,500  

Stocks options granted

    (207

Stock options cancelled

    70  

RSUs granted

    (2,977

RSUs cancelled

    358  
   

 

 

 

March 31, 2012

    14,908  
   

 

 

 
Summary of restricted stock unit activity and related information
                 
     Options Outstanding  
(Shares in thousands)   Number of Shares     Weighted-Average Exercise
Price Per Share
 

March 28, 2009

    41,021     $ 32.51  

Granted

    2,461     $ 21.19  

Exercised

    (1,600   $ 22.95  

Forfeited/cancelled/expired

    (10,856   $ 37.04  
   

 

 

         

April 3, 2010

    31,026     $ 30.51  

Granted

    2,345     $ 26.36  

Exercised

    (5,704   $ 25.42  

Forfeited/cancelled/expired

    (2,698   $ 50.69  
   

 

 

         

April 2, 2011

    24,969     $ 29.11  

Granted

    207     $ 34.79  

Exercised

    (3,622   $ 24.70  

Forfeited/cancelled/expired

    (3,766   $ 37.35  
   

 

 

         

March 31, 2012

    17,788     $ 28.32  
   

 

 

         
Employee Stock Option [Member]
 
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Weighted-average assumptions in estimation of fair value of employee purchase plan
                                         
    Options Outstanding     Options Exercisable  
          Weighted-     Weighted-           Weighted-  
(Shares in thousands)         Average     Average           Average  
          Remaining     Exercise           Exercise  
Range of   Options     Contractual Term     Price Per     Options     Price Per  

Exercise Prices

  Outstanding     (Years)     Share     Exercisable     Share  

$15.95 - $19.98

    292       2.9     $ 18.29       247     $ 18.38  

$20.14 - $29.93

    12,512       3.6     $ 24.30       10,525     $ 24.36  

$30.04 - $38.51

    1,450       3.4     $ 34.59       1,043     $ 35.12  

$40.11 - $42.46

    3,534       1.4     $ 40.82       3,534     $ 40.82  
   

 

 

                   

 

 

         
      17,788       3.1     $ 28.32       15,349     $ 28.78  
   

 

 

                   

 

 

         
Restricted Stock Units [Member]
 
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Weighted-average assumptions in estimation of fair value of employee purchase plan
                                 
     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, 2009

    2,970     $ 22.99                  

Granted

    1,885     $ 20.38                  

Vested (2)

    (901   $ 22.16                  

Cancelled

    (302   $ 22.56                  
   

 

 

                         

April 3, 2010

    3,652     $ 21.70                  

Granted

    2,043     $ 25.14                  

Vested (2)

    (1,192   $ 22.23                  

Cancelled

    (288   $ 21.99                  
   

 

 

                         

April 2, 2011

    4,215     $ 23.19                  

Granted

    2,977     $ 33.69                  

Vested (2)

    (1,543   $ 23.11                  

Cancelled

    (410   $ 25.18                  
   

 

 

                         

March 31, 2012

    5,239     $ 29.01       2.7     $ 191,126  
   

 

 

                   

 

 

 

Expected to vest as of March 31, 2012

    4,729     $ 29.15       2.6     $ 172,513