XML 16 R5.htm IDEA: XBRL DOCUMENT v3.20.4
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Dec. 26, 2020
Dec. 28, 2019
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income (loss) $ (68,307) $ (149,264)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Depreciation and amortization 124,881 172,630
Amortization of debt issuance costs 3,962 4,062
Stock-based compensation 31,104 41,499
Deferred income taxes (15,373) (62,436)
Provision for excess and obsolete inventories 12,767 19,076
Restructuring and other related charges 49,477 47,096
Cash payments for restructuring charges (28,794) (29,885)
Other operating activities (6,000) 3,201
Changes in assets and liabilities, net of acquisition:    
Accounts receivable, net (71,439) 34,634
Inventory, net (39,941) (49,320)
Current and other assets (15,246) 24,142
Accounts payable 62,454 (10,690)
Accrued liabilities 47,529 (46,906)
Income taxes (15,925) 18,516
Cash provided by operating activities 71,149 16,355
CASH FLOWS FROM INVESTING ACTIVITIES    
Proceeds from sales of investments 667 177
Purchase of investments (394) (972)
Capital expenditures (16,753) (16,984)
Proceeds from sale of property and equipment 1,900 2,142
Cash used for investing activities (14,580) (15,637)
CASH FLOWS FROM FINANCING ACTIVITIES    
Employees' tax withheld and paid for restricted stock and restricted stock units (3,193) (9,669)
Proceeds from issuances under stock-based compensation plans 5,731 6,617
Proceeds from revolving line of credit 50,000 0
Repayments of revolving line of credit 50,000 0
Payment of cash dividends 0 (17,910)
Repayments of long-term debt (46,980) (25,000)
Cash used for financing activities (44,442) (45,962)
Effect of exchange rate changes on cash and cash equivalents 4,059 (444)
Net increase (decrease) in cash and cash equivalents 16,186 (45,688)
Cash and cash equivalents at beginning of period 213,879 202,509
Cash and cash equivalents at end of period 230,065 156,821
SUPPLEMENTAL DISCLOSURES    
Cash paid for income taxes 20,484 9,853
Cash paid for interest $ 63,869 $ 68,039