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Stock-Based Compensation (Tables)
12 Months Ended
Mar. 30, 2014
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 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       

Granted

    75        10.90       

Exercised

    (88     12.00       

Forfeited (cancelled pre-vesting)

    (732     15.02       

Expired (cancelled post-vesting)

    (4,881     20.45       
 

 

 

       

Outstanding at March 30, 2014

    11,203      $ 15.84        4.5      $ 327   
 

 

 

   

 

 

   

 

 

   

 

 

 

Vested and expected to vest at March 30, 2014

    11,123      $ 15.85        4.5      $ 325   
 

 

 

   

 

 

   

 

 

   

 

 

 

Exercisable at March 30, 2014

    10,216      $ 15.95                4.2            $ 168   
 

 

 

   

 

 

   

 

 

   

 

 

Summary of Activity of Restricted Stock Units

A summary of activity of restricted stock units subject to only a service condition is as follows:

 

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

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   

Granted

     2,207        11.11   

Vested

     (1,150     14.90   

Forfeited

     (697     13.80   
  

 

 

   

Outstanding and unvested at March 30, 2014

     3,611      $ 12.62   
  

 

 

   

 

 

Summary of Stock-Based Compensation Expense

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

 

     2014      2013      2012  
     (In thousands)  

Cost of revenues

   $ 1,349       $ 2,372       $ 2,506   

Engineering and development

     10,918         13,584         14,199   

Sales and marketing

     5,337         6,853         6,667   

General and administrative

     5,034         7,554         8,316   
  

 

 

    

 

 

    

 

 

 

Total continuing operations

     22,638         30,363         31,688   

Discontinued operations

                     904   
  

 

 

    

 

 

    

 

 

 
   $ 22,638       $ 30,363       $ 32,592   
  

 

 

    

 

 

    

 

 

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:

 

     2014     2013     2012  
     Stock
    Options    
    Employee Stock
Purchase Plan
    Stock
    Options    
    Employee Stock
Purchase Plan
    Stock
    Options    
    Employee Stock
Purchase Plan
 

Fair value

   $ 4.12      $ 2.41      $ 4.97      $ 2.66      $ 5.73      $ 3.49   

Expected volatility

     36     32     38     36     36     36

Risk-free interest rate

     1.6     0.1     0.9     0.1     1.8     0.1

Expected life (years)

     6.2        0.3        5.5        0.25        5.5        0.25   

Dividend yield

                                          
Restricted Stock Units with Service Conditions and either a Performance or Market Condition [Member]
 
Summary of Activity of Restricted Stock Units

A summary of activity of restricted stock units subject to a service condition and either a performance or market condition is as follows:

 

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

Outstanding and unvested at April 3, 2011

          $   

Granted

     163        13.85   

Vested

              

Forfeited

     (8     13.85   
  

 

 

   

Outstanding and unvested at April 1, 2012

     155        13.85   

Granted

     179        14.10   

Vested

     (36     13.85   

Forfeited

     (9     13.85   
  

 

 

   

Outstanding and unvested at March 31, 2013

     289        14.01   

Granted

     374        11.67   

Vested

     (60     13.97   

Forfeited

     (180     13.86   
  

 

 

   

Outstanding and unvested at March 30, 2014

         423      $ 12.02