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Income Taxes (Tables)
12 Months Ended
Apr. 03, 2015
Income Tax Disclosure [Abstract]  
Summary of Provision for Income Taxes

The provision for income taxes includes the following:

 

     Fiscal Years Ended  
     April 3,
2015
     April 4,
2014
     March 29,
2013
 
     (In thousands)  

Current tax provision (benefit)

        

Federal

   $ (216    $ 798       $ (166

State

     1,507         540         2   

Foreign

     115         12         (64
  

 

 

    

 

 

    

 

 

 
     1,406         1,350         (228
  

 

 

    

 

 

    

 

 

 

Deferred tax provision (benefit)

        

Federal

     14,546         (11,188      (36,042

State

     (1,477      (16,032      (12,657

Foreign

     (648      (77      (1,127
  

 

 

    

 

 

    

 

 

 
     12,421         (27,297      (49,826
  

 

 

    

 

 

    

 

 

 

Total provision (benefit) from income taxes

   $ 13,827       $ (25,947    $ (50,054
  

 

 

    

 

 

    

 

 

 

Components of Net Deferred Tax Assets

Significant components of the Company’s net deferred tax assets are as follows:

 

     As of  
     April 3,
2015
     April 4,
2014
 
     (In thousands)  

Deferred tax assets:

     

Net operating loss carryforwards

   $ 223,642       $ 269,427   

Tax credit carryforwards

     112,183         96,586   

Warranty reserve

     5,841         6,475   

Accrued compensation

     8,016         6,880   

Deferred rent

     3,585         4,128   

Inventory reserve

     8,510         6,636   

Stock-based compensation

     12,739         9,728   

Other

     34,116         6,872   

Valuation allowance

     (15,550      (12,832
  

 

 

    

 

 

 

Total deferred tax assets

     393,082         393,900   

Deferred tax liabilities:

     

Property, equipment and satellites and intangible assets

     (260,582      (246,293
  

 

 

    

 

 

 

Total deferred tax liabilities

     (260,582      (246,293
  

 

 

    

 

 

 

Net deferred tax assets

   $ 132,500       $ 147,607   
  

 

 

    

 

 

 

 

Reconciliation of Provision for Income Taxes to Amount Computed by Applying Statutory Federal Income Tax Rate to Income before Income Taxes

A reconciliation of the provision for income taxes to the amount computed by applying the statutory federal income tax rate to income before income taxes is as follows:

 

     Fiscal Years Ended  
     April 3,
2015
     April 4,
2014
     March 29,
2013
 
     (In thousands)  

Tax provision (benefit) at federal statutory rate

   $ 18,808       $ (12,132    $ (31,737

State tax provision, net of federal benefit

     4,014         (3,555      (3,202

Tax credits, net of valuation allowance

     (14,055      (13,217      (17,136

Non-deductible compensation

     1,966         1,337         1,305   

Non-deductible meals and entertainment

     759         678         448   

Foreign effective tax rate differential, net of valuation allowance

     898         536         (363

Other

     1,437         406         631   
  

 

 

    

 

 

    

 

 

 

Total provision (benefit) from income taxes

   $ 13,827       $ (25,947    $ (50,054
  

 

 

    

 

 

    

 

 

 

Summary of Activity Related to Unrecognized Tax Benefits

The following table summarizes the activity related to the Company’s unrecognized tax benefits:

 

     As of  
     April 3,
2015
     April 4,
2014
     March 29,
2013
 
     (In thousands)  

Balance, beginning of fiscal year

   $ 37,395       $ 34,491       $ 33,556   

Increase (decrease) related to prior year tax positions

     524         (249      16   

Increases related to current year tax positions

     3,897         4,459         4,608   

Statute expirations

     (47      (1,306      (3,489

Settlements

     —          —          (200
  

 

 

    

 

 

    

 

 

 

Balance, end of fiscal year

   $ 41,769       $ 37,395       $ 34,491