Stockholders' Equity

12 Months Ended

Mar. 30, 2014

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 March 30, 2014 and March 31, 2013, the Company had 213.8 million and 212.1 million shares of common stock issued, respectively. As of March 30, 2014, 27.8 million shares of common stock were reserved for the exercise of issued and unissued stock-based awards and 2.5 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 the Company’s outstanding common stock. During fiscal 2014, the Company purchased 4.4 million shares of its common stock for an aggregate purchase price of $46.6 million. During fiscal 2013, the Company purchased 10.3 million shares of its common stock for an aggregate purchase price of $130.4 million. As of March 30, 2014, the Company had purchased a total of 126.6 million shares of common stock under these repurchase programs for an aggregate purchase price of $1.94 billion. The Company’s most recent stock repurchase program expired during fiscal 2014.

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.