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Equity Compensation (Tables)
12 Months Ended
Mar. 31, 2012
Equity Compensation [Abstract]  
Summary Of Effect Of Stock-Based Compensation On Cost Of Goods Sold

 

 

 

 

 

 

Fiscal Years Ended

 

 

March 31, 2012

March 26, 2011

March 27, 2010

 

Cost of sales................................................................................................

$       398

$       243

$        212

 

Research and development......................................................................

5,590

2,641

1,882

 

Sales, general and administrative............................................................

     6,190

     5,257

     3,224

 

Effect on pre-tax income ..................................................................

12,178

8,141

5,318

 

Income Tax Benefit..................................................................................

          

          

          

 

Total share based compensation expense (net of taxes)............

$    12,178

$    8,141

$    5,318

 

 

 

 

 

 

Share based compensation effects on basic earnings (loss) per share ..

$      0.19

$      0.12

$      0.08

Share based compensation effects on diluted earnings (loss) per share

$      0.18

$      0.11

$      0.08

 

 

 

 

Share based compensation effects on operating activities cash flow....    

12,178

8,141

5,318

Share based compensation effects on financing activities cash flow....

        

        

        

Schedule Of Fair Value Of Stock Option Grants

 

 

 

 

 

Year  Ended

        

March 31, 2012

March 26, 2011

March 27, 2010

             Expected stock price volatility...............................

59.25-66.11%

52.03-67.11%

50.71-56.59%

             Risk-free interest rate...............................................

0.27-1.43%

1.19-2.06%

1.80-2.25%

             Expected term (in years) .........................................

    2.32-3.82

    3.83-4.34

    4.33-4.64

Schedule Of Stock Option Activity

 

 

 

 

        

 

      Outstanding Options       

 

        

 

Options Available

for Grant 

 

 

Number

Weighted Average

Exercise Price

Balance, March 28, 2009............................................................................

   12,104

   9,063

$  7.45

      Option plans terminated........................................................................

(477)

 

            

      Options granted.......................................................................................

      (2,471)

2,471

5.53

      Options exercised....................................................................................

 

(401)

5.01

      Options forfeited.....................................................................................

774

(264)

5.44

      Options expired.......................................................................................

        

   (490)

9.63

Balance, March 27, 2010............................................................................

   9,930

   10,379

$  6.74

      Option plans terminated........................................................................

(300)

             

      Options granted.......................................................................................

(1,927)

977

16.75

      Options exercised....................................................................................

(4,718)

6.57

      Options forfeited.....................................................................................

472

(153)

5.90

      Options expired.......................................................................................

        

   (304)

23.68

Balance, March 26, 2011............................................................................

   8,175

   6,181

$  7.63

      Option plans terminated........................................................................

(34)

            

      Options granted.......................................................................................

(2,049)

450

15.63

      Options exercised....................................................................................

(593)

6.88

      Options forfeited.....................................................................................

165

(67)

7.70

      Options expired.......................................................................................

        

   (67)

15.68

Balance, March 31, 2012............................................................................

   6,257

   5,904

$  8.23

Summary Of Outstanding Options Vesting, Expected To Vest, Or Exercisable
Summary Of Outstanding And Exercisable Options

 

 

 

 

 

 

        

                            Options Outstanding                           

 Options Exercisable 

 

 

 

Range of Exercise Prices

 

 

Number

Weighted Average

Remaining Contractual Life (years)

 

Weighted

Average Exercise

Price

 

 

Number

Exercisable

 

Weighted

Average

Exercise Price

         $  1.83 - $ 5.25...............................         

1,332

5.85

$      4.94

1,039

$     4.93

         $  5.27 - $ 5.53...............................             

91

7.21

5.49

48

5.48

         $  5.55 - $ 5.55...............................

1,515

7.50

5.55

798

5.55

         $ 5.66 - $ 7.26………………….

1,100

5.27

6.54

1,045

6.53

         $ 7.32 - $ 15.41………………...

1,141

7.03

11.38

604

8.42

         $ 16.21 -  $ 23.33..........................

       725

8.18

17.77

       302

18.05

 

    5,904

6.70

$     8.23

   3,836

$    7.08

Summary Of Restricted Stock Award Activity

 

 

 

 

 

        

 

 

 

Number of
Shares

Weighted
Average
Grant Date
Fair Value
(per share)

 

 

Aggregate Intrinsic value (1)

March 28, 2009.............................................................................................

  73

$     6.86

 

      Granted.....................................................................................................

 

      Vested........................................................................................................

        (11)

  6.98

          55

     Forfeited....................................................................................................

   (13)

  6.05

 

March 27, 2010.............................................................................................

      49

$     6.20

 

      Granted.....................................................................................................

                           5

  17.28

 

      Vested........................................................................................................

        (7)

  7.35

          134

     Forfeited....................................................................................................

   (2)

  7.35

 

March 26, 2011.............................................................................................

      45

$     7.21

 

      Granted.....................................................................................................

49

  15.31

 

      Vested........................................................................................................

        (54)

  14.57

          826

     Forfeited....................................................................................................

     -

     -

 

March 31, 2012.............................................................................................

      40

$     7.19

 

 

 

(1)

Represents the value of Cirrus stock on the date that the restricted stock vested.

Summary Of Restricted Stock Unit Activity

 

        

 

 

 

 

Shares

 

 

Weighted
Average
Fair Value

 

Weighted Average

Remaining Contractual Term (years)

March 27, 2010

       

 

             

     Granted

628

$ 16.41

             

     Vested

       

 

             

     Forfeited

(8)

             

             

March 26, 2011..........................................................................

620

$ 16.41

2.54

      Granted...................................................................................

        1,017

             16.59

             

      Vested.....................................................................................

       

 

             

     Forfeited..................................................................................

        (21)

 

              

March 31, 2012..........................................................................

      1,616

$ 16.52

1.94

Summary Of Restricted Stock Units Vesting Or Expected To Vest

 

 

 

 

 

        

 

 

 

Shares

 

Weighted
Average
Fair Value

Weighted Average

Remaining Contractual Term (years)

Vested and expected to vest..............................

   1,440

  $16.52

1.94