XML 16 R5.htm IDEA: XBRL DOCUMENT v3.5.0.2
Consolidated Condensed Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Sep. 24, 2016
Sep. 26, 2015
Cash flows from operating activities:    
Net income $ 93,929 $ 68,234
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 32,961 28,021
Stock compensation expense 19,234 16,954
Deferred income taxes 13,908 10,047
Loss on retirement or write-off of long-lived assets 251 162
Actuarial (gain) loss amortization on defined benefit pension plan (36) 19
Excess tax benefit from employee stock awards (4,631) (2,850)
Other non-cash charges (2,867) 8,993
Net change in operating assets and liabilities:    
Accounts receivable, net (181,027) (56,735)
Inventories (19,239) (59,671)
Other current assets 4,620 774
Accounts payable and other accrued liabilities 64,475 (856)
Deferred income   (523)
Income taxes payable 10,638 (12,598)
Net cash provided by (used in) operating activities 32,216 (29)
Cash flows from investing activities:    
Maturities and sales of available-for-sale marketable securities 91,531 98,019
Purchases of available-for-sale marketable securities (128,415) (22,605)
Purchases of property, equipment and software (18,119) (22,023)
Investments in technology (5,743) (2,851)
Acquisition of businesses, net of cash obtained   (37,216)
Increase in deposits and other assets   (163)
Net cash (used in) provided by investing activities (60,746) 13,161
Cash flows from financing activities:    
Principal payments on long-term revolver (20,439) (20,000)
Debt issuance costs (2,152)  
Payments on capital lease agreements (699)  
Issuance of common stock, net of shares withheld for taxes 9,131 3,945
Repurchase of stock to satisfy employee tax withholding obligations (2,031) (791)
Repurchase and retirement of common stock (15,440) (19,204)
Excess tax benefit from employee stock awards 4,631 2,850
Net cash used in financing activities (26,999) (33,200)
Net decrease in cash and cash equivalents (55,529) (20,068)
Cash and cash equivalents at beginning of period 168,793 168,793
Cash and cash equivalents at end of period $ 113,264 $ 56,333