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Stock-Based Compensation (Tables)
12 Months Ended
Mar. 31, 2013
Summary of Stock Option Activity

A summary of stock option activity is as follows:

 

    Number of
Shares
    Weighted-
Average
Exercise
Price
    Weighted-
Average
Remaining
Contractual
Term (Years)
    Aggregate
Intrinsic
Value
 
    (In thousands)                 (In thousands)  

Outstanding at March 28, 2010

    24,256      $ 19.50       

Granted

    2,829        17.74       

Exercised

    (2,091     14.18       

Forfeited (cancelled pre-vesting)

    (708     15.42       

Expired (cancelled post-vesting)

    (2,430     32.13       
 

 

 

       

Outstanding at April 3, 2011

    21,856        18.51       

Granted

    1,630        15.73       

Exercised

    (1,544     14.83       

Forfeited (cancelled pre-vesting)

    (686     15.86       

Expired (cancelled post-vesting)

    (2,245     24.93       
 

 

 

       

Outstanding at April 1, 2012

    19,011        17.91       

Granted

    1,387        13.67       

Exercised

    (79     14.31       

Forfeited (cancelled pre-vesting)

    (177     15.82       

Expired (cancelled post-vesting)

    (3,313     20.23       
 

 

 

       

Outstanding at March 31, 2013

    16,829      $ 17.14        4.8      $ 52   
 

 

 

   

 

 

   

 

 

   

 

 

 

Vested and expected to vest at March 31, 2013

    16,478      $ 17.19        4.7      $ 44   
 

 

 

   

 

 

   

 

 

   

 

 

 

Exercisable at March 31, 2013

    13,841      $ 17.56        4.1      $ 10   
 

 

 

   

 

 

   

 

 

   

 

 

 

 

Summary of Restricted Stock Unit Activity

A summary of restricted stock unit activity is as follows:

 

     Number of
Shares
    Weighted-
Average
Grant Date
Fair Value
 
     (In thousands)        

Outstanding and unvested at March 28, 2010

     2,514      $ 14.78   

Granted

     965        17.79   

Vested

     (959     15.31   

Forfeited

     (249     15.11   
  

 

 

   

Outstanding and unvested at April 3, 2011

     2,271        15.80   

Granted

     1,656        15.63   

Vested

     (879     15.58   

Forfeited

     (362     15.82   
  

 

 

   

Outstanding and unvested at April 1, 2012

     2,686        15.77   

Granted

     1,753        13.52   

Vested

     (1,002     15.43   

Forfeited

     (186     14.94   
  

 

 

   

Outstanding and unvested at March 31, 2013

     3,251      $ 14.71   
  

 

 

   

 

 

 
Summary of Stock-Based Compensation Expense

A summary of stock-based compensation expense, by functional line item in the consolidated statements of income, is as follows:

 

     2013      2012      2011  
     (In thousands)  

Cost of revenues

   $ 2,372       $ 2,506       $ 2,247   

Engineering and development

     13,584         14,199         14,222   

Sales and marketing

     6,853         6,667         6,768   

General and administrative

     7,554         8,316         8,398   
  

 

 

    

 

 

    

 

 

 

Total continuing operations

     30,363         31,688         31,635   

Discontinued operations

     —           904         3,372   
  

 

 

    

 

 

    

 

 

 
   $ 30,363       $ 32,592       $ 35,007   
  

 

 

    

 

 

    

 

 

 
Weighted-Average Fair Values and Underlying Assumptions

The fair value of stock options granted and shares to be purchased under the ESPP have been estimated at the date of grant using a Black-Scholes option-pricing model. The weighted-average fair values and underlying assumptions are as follows:

 

    2013     2012     2011  
    Stock
Options
    Employee Stock
Purchase Plan
    Stock
Options
    Employee Stock
Purchase Plan
    Stock
Options
    Employee Stock
Purchase Plan
 

Fair value

  $ 4.97      $ 2.66      $ 5.73      $ 3.49      $ 6.62      $ 3.95   

Expected volatility

    38     36     36     36     38     36

Risk-free interest rate

    0.9     0.1     1.8     0.1     2.1     0.2

Expected life (years)

    5.5        0.25        5.5        0.25        5.3        0.25   

Dividend yield