XML 30 R6.htm IDEA: XBRL DOCUMENT v2.4.0.8
Condensed Consolidated Statements of Cash Flows (Unaudited) (USD $)
In Thousands, unless otherwise specified
9 Months Ended
Dec. 29, 2013
Dec. 30, 2012
Cash flows from operating activities:    
Net income $ 28,513 $ 43,501
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 23,620 21,071
Stock-based compensation 18,047 23,295
Deferred income taxes (5,355) (3,810)
Other non-cash items 5,706 3,138
Changes in operating assets and liabilities:    
Accounts receivable (5,088) 7,179
Inventories 6,116 (3,311)
Other assets 537 113
Accounts payable (1,919) (2,499)
Accrued compensation (2,719) (2,385)
Accrued taxes, net 7,734 14,367
Other liabilities 2,841 870
Net cash provided by operating activities 78,033 101,529
Cash flows from investing activities:    
Purchases of available-for-sale securities (259,008) (228,202)
Proceeds from sales and maturities of available-for-sale securities 261,253 204,325
Purchases of property and equipment (21,043) (31,728)
Net cash used in investing activities (18,798) (55,605)
Cash flows from financing activities:    
Proceeds from issuance of common stock under stock-based awards 6,756 6,571
Excess tax benefits from stock-based awards 46 129
Minimum tax withholding paid on behalf of employees for restricted stock units (4,584) (5,555)
Purchases of treasury stock (47,785) (111,729)
Payments for credit facility commitment fee (202)  
Net cash used in financing activities (45,769) (110,584)
Net increase (decrease) in cash and cash equivalents 13,466 (64,660)
Cash and cash equivalents at beginning of period 95,532 164,516
Cash and cash equivalents at end of period $ 108,998 $ 99,856