Stockholders' Equity

12 Months Ended

Apr. 01, 2012

Stockholders' Equity [Abstract]

Stockholders' Equity

Note 10. Stockholders’ Equity

Capital Stock

The Company’s authorized capital consists of 1 million shares of preferred stock, par value $0.001 per share, and 500 million shares of common stock, par value $0.001 per share. As of April 1, 2012 and April 3, 2011, the Company had 210.7 million and 208.0 million shares of common stock issued, respectively. As of April 1, 2012, 32.3 million shares of common stock were reserved for the exercise of issued and unissued stock-based awards and 1.1 million shares were reserved for issuance in connection with the Company’s Employee Stock Purchase Plan.

Treasury Stock

Since fiscal 2003, the Company has had various stock repurchase programs that authorized the purchase of up to $1.95 billion of the Company’s outstanding common stock, including a program approved in November 2011 authorizing the repurchase of up to $200 million of the Company’s outstanding common stock over a two-year period. During fiscal 2012, the Company purchased 8.6 million shares of its common stock for an aggregate purchase price of $128.4 million. During fiscal 2011, the Company purchased 10.7 million shares of its common stock for an aggregate purchase price of $186.4 million. As of April 1, 2012, the Company had purchased a total of 111.9 million shares of common stock under these repurchase programs for an aggregate purchase price of $1.76 billion.

Repurchased shares have been recorded as treasury shares and will be held unless and until the Company’s Board of Directors designates that these shares be retired or used for other purposes.