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Consolidated Condensed Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Jun. 29, 2024
Jun. 24, 2023
Cash flows from operating activities:    
Net income $ 42,095 $ 15,600
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Depreciation and amortization 12,359 11,941
Stock-based compensation expense 21,385 22,715
Deferred income taxes (5,897) (9,411)
Loss on retirement or write-off of long-lived assets 0 6
Other non-cash adjustments 1,104 1,334
Net change in operating assets and liabilities:    
Accounts receivable (27,601) (35,560)
Inventories (5,318) (67,506)
Prepaid wafers 12,354 0
Other assets (5,459) 8,101
Accounts payable and other accrued liabilities 12,037 (10,278)
Income taxes payable 30,102 20,079
Acquisition-related liabilities 0 3,166
Net cash provided by (used in) operating activities 87,161 (39,813)
Cash flows from investing activities:    
Maturities and sales of available-for-sale marketable securities 12,646 11,048
Purchases of available-for-sale marketable securities (69,060) (13,372)
Purchases of property, equipment and software (9,990) (12,310)
Investments in technology (155) 0
Net cash used in investing activities (66,559) (14,634)
Cash flows from financing activities:    
Net proceeds from the issuance of common stock 10,196 560
Repurchase of stock to satisfy employee tax withholding obligations (1,219) (1,047)
Repurchase and retirement of common stock (40,992) (38,504)
Net cash used in financing activities (32,015) (38,991)
Net decrease in cash and cash equivalents (11,413) (93,438)
Cash and cash equivalents at beginning of period 502,764 445,784
Cash and cash equivalents at end of period $ 491,351 $ 352,346