XML 28 R6.htm IDEA: XBRL DOCUMENT v3.20.1
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Mar. 28, 2020
Mar. 30, 2019
Mar. 31, 2018
Cash flows from operating activities:      
Net income $ 159,498 $ 89,991 $ 161,995
Adjustments to net cash provided by operating activities:      
Depreciation and amortization 68,237 79,826 81,399
Stock-based compensation expense 53,757 49,689 48,741
Deferred income taxes (5,888) 1,717 11,646
(Gain) loss on retirement or write-off of long-lived assets 379 (2,713) 626
Charges (payments) for defined benefit pension plan 0 11,189 (10,929)
Other non-cash charges 697 429 (3,864)
MEMS restructuring charges 21,925 0 0
Net change in operating assets and liabilities:      
Accounts receivable, net (33,082) (14,316) 19,173
Inventories 17,765 40,636 (37,865)
Other assets 1,379 965 16,824
Accounts payable 27,626 (21,965) 143
Accrued salaries and benefits 11,470 (6,432) (4,469)
Income taxes payable (9,809) (7,974) 22,983
Other accrued liabilities (18,139) (14,348) 12,308
Net cash provided by operating activities 295,815 206,694 318,711
Cash flows from investing activities:      
Maturities and sales of available-for-sale marketable securities 170,818 70,840 138,221
Purchases of available-for-sale marketable securities (249,463) (98,864) (238,434)
Purchases of property, equipment and software (15,656) (31,615) (55,180)
Investments in technology (5,920) (4,143) (29,323)
Proceeds from the sale of assets 0 9,120 0
Net cash used in investing activities (100,221) (54,662) (184,716)
Cash flows from financing activities:      
Principal payments on long-term revolver 0 0 (60,000)
Issuance of common stock, net of shares withheld for taxes 18,635 1,616 4,417
Repurchase of stock to satisfy employee tax withholding obligations (18,280) (13,083) (17,806)
Repurchase and retirement of common stock (120,002) (159,997) (175,776)
Contingent consideration payments 0 0 (392)
Net cash used in financing activities (119,647) (171,464) (249,557)
Net increase (decrease) in cash and cash equivalents 75,947 (19,432) (115,562)
Cash and cash equivalents at beginning of period 216,172 235,604 351,166
Cash and cash equivalents at end of period 292,119 216,172 235,604
Cash payments during the year for:      
Income taxes 22,321 20,617 34,385
Interest $ 457 $ 612 $ 835