Subsequent Events (Notes)

12 Months Ended

Mar. 31, 2015

Subsequent Events [Abstract]

Subsequent Events

SUBSEQUENT EVENTS

Announcement of Signing of Definitive Agreement to Acquire Micrel, Incorporated

On May 7, 2015, the Company announced that it had signed a definitive agreement to acquire Micrel, Incorporated (Micrel) for $14.00 per share. Micrel shareholders may elect to receive the purchase price in either cash or shares of the Company's common stock. The acquisition price represents a total equity value of approximately $839 million, and a total enterprise value of approximately $744 million, after excluding Micrel's cash and investments on its balance sheet of approximately $95 million. The acquisition has been unanimously approved by the Boards of Directors of both companies and is expected to close early in the third quarter of calendar year 2015, subject to approval by Micrel's shareholders, regulatory approvals and other customary closing conditions.

Authorization of Increase to Share Repurchase Program

On May 7, 2015, the Company's Board of Directors authorized an increase to the existing share repurchase program to 20.0 million shares of common stock from the approximately 2.5 million shares remaining under the prior authorization.