Income Taxes (Tables)

12 Months Ended

Apr. 03, 2016

Schedule of Income (Loss) before Income Taxes, Domestic and Foreign

Income (loss) before income taxes consists of the following components:

	2016		2015		2014
	(In thousands)
United States	$	7,018	$	12,294	$	(19,056	)
International		43,708		42,899		10,096
	$	50,726	$	55,193	$	(8,960	)

Components of Income Tax Expense

The components of income tax expense are as follows:

	2016			2015			2014
	(In thousands)
Current:
Federal	$	(818	)	$	1,859		$	9,206
State		(6,185	)		913			1,532
Foreign		3,376			3,285			2,205
Total current		(3,627	)		6,057			12,943
Deferred:
Federal		7,874			(1,700	)		(18,883	)
State		(512	)		603			15,006
Foreign		525			(360	)		240
Total deferred		7,887			(1,457	)		(3,637	)
	$	4,260		$	4,600		$	9,306

Reconciliation of Income Tax Expense (Benefit)

A reconciliation of the income tax expense (benefit) with the amount computed by applying the federal statutory tax rate to income (loss) before income taxes is as follows:

	2016			2015			2014
	(In thousands)
Expected income tax expense (benefit) at the statutory rate	$	17,754		$	19,318		$	(3,136	)
State income taxes, net of federal tax benefit		1,406			1,773			(330	)
Tax rate differential on foreign earnings and other international related tax items		(10,943	)		(11,195	)		(324	)
Benefit from research and other credits		(6,870	)		(7,360	)		(6,764	)
Stock-based compensation		4,090			2,649			4,759
Resolution of prior period tax matters		(4,570	)		(3,577	)		(1,480	)
Valuation allowance		2,435			2,634			16,433
Other, net		958			358			148
	$	4,260		$	4,600		$	9,306

Components of Deferred Tax Assets and Liabilities

The components of the deferred tax assets and liabilities are as follows:

	2016			2015
	(In thousands)
Deferred tax assets:
Research credits	$	40,033		$	31,487
Reserves and accruals not currently deductible		13,994			18,971
Net operating loss carryforwards		10,090			9,764
Stock-based compensation		8,112			14,415
Patent license		6,571			7,098
Property and equipment		4,382			2,587
Investment securities		904			913
Other		292			313
Total gross deferred tax assets		84,378			85,548
Valuation allowance		(22,742	)		(20,307	)
Total deferred tax assets, net of valuation allowance		61,636			65,241
Deferred tax liabilities:
State income taxes		13,398			10,547
Research and development expenditures		7,235			5,814
Total deferred tax liabilities		20,633			16,361
Net deferred tax assets	$	41,003		$	48,880

Schedule of Gross Unrecognized Tax Benefits Rollforward

A rollforward of the activity in the gross unrecognized tax benefits is as follows:

	2016			2015
	(In thousands)
Balance at beginning of year	$	12,904		$	13,577
Additions based on tax positions related to the current year		1,266			1,059
Additions for tax positions of prior years		993			2,966
Reductions for tax positions of prior years		(690	)		(276	)
Decreases relating to settlements with taxing authorities		(364	)		(3,629	)
Reductions due to lapses of statutes of limitations		(4,931	)		(793	)
Balance at end of year	$	9,178		$	12,904