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Consolidated Condensed Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Sep. 25, 2021
Sep. 26, 2020
Cash flows from operating activities:    
Net income $ 102,305 $ 77,695
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 27,710 23,845
Stock-based compensation expense 31,536 28,782
Deferred income taxes (8,976) (1,221)
Loss on retirement or write-off of long-lived assets 331 11
Other non-cash adjustments 200 124
MEMS restructuring charges 0 352
Net change in operating assets and liabilities:    
Accounts receivable, net (165,529) (27,498)
Inventories (7,422) (62,325)
Long-term prepaid wafers (195,000) 0
Other assets (101,368) (4,630)
Accounts payable and other accrued liabilities 280,941 19,351
Income taxes payable 4,320 (12,348)
Long-term acquisition-related liabilities 33,329 0
Net cash provided by operating activities 2,377 42,138
Cash flows from investing activities:    
Maturities and sales of available-for-sale marketable securities 357,636 73,458
Purchases of available-for-sale marketable securities (68,163) (124,016)
Purchases of property, equipment and software (14,728) (6,967)
Investments in technology (3,102) (1,189)
Acquisition of business, net of cash obtained (275,642) 0
Net cash used in investing activities (3,999) (58,714)
Cash flows from financing activities:    
Debt issuance costs (1,716) 0
Issuance of common stock, net of shares withheld for taxes 3,203 3,267
Repurchase of stock to satisfy employee tax withholding obligations (2,785) (1,273)
Repurchase and retirement of common stock (52,503) (30,001)
Net cash used in financing activities (53,801) (28,007)
Net decrease in cash and cash equivalents (55,423) (44,583)
Cash and cash equivalents at beginning of period 442,164 292,119
Cash and cash equivalents at end of period $ 386,741 $ 247,536