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Consolidated Condensed Statements Of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Jun. 25, 2022
Jun. 26, 2021
Cash flows from operating activities:    
Net income $ 39,707 $ 17,209
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Depreciation and amortization 16,515 11,898
Stock-based compensation expense 18,138 14,985
Deferred income taxes (5,860) (9,270)
Loss on retirement or write-off of long-lived assets 292 0
Other non-cash adjustments 99 108
Net change in operating assets and liabilities:    
Accounts receivable, net 33,992 (27,822)
Inventories (35,934) (19,459)
Other assets 549 (6,457)
Accounts payable and other accrued liabilities (20,327) (21,740)
Income taxes payable 24,030 13,752
Acquisition-related liabilities 3,164 0
Net cash provided by (used in) operating activities 74,365 (26,796)
Cash flows from investing activities:    
Maturities and sales of available-for-sale marketable securities 4,694 49,158
Purchases of available-for-sale marketable securities (5,186) (53,969)
Purchases of property, equipment and software (6,776) (10,835)
Investments in technology (448) (1,068)
Net cash used in investing activities (7,716) (16,714)
Cash flows from financing activities:    
Issuance of common stock, net of shares withheld for taxes 120 746
Repurchase of stock to satisfy employee tax withholding obligations (866) (1,772)
Repurchase and retirement of common stock (56,382) (12,501)
Net cash used in financing activities (57,128) (13,527)
Net increase (decrease) in cash and cash equivalents 9,521 (57,037)
Cash and cash equivalents at beginning of period 369,814 442,164
Cash and cash equivalents at end of period $ 379,335 $ 385,127