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Quarterly Financial Summary (Unaudited) (Tables)
 12 Months Ended
Mar. 28, 2020
Quarterly Financial Information Disclosure [Abstract]  
Quarterly Financial Summary (Unaudited) QUARTERLY FINANCIAL SUMMARY (UNAUDITED):

 
Fiscal 2020 Quarter
(in thousands, except per share data)
First
 
Second
 
Third
 
Fourth
 
Revenue
$
775,598

 
$
806,698

 
$
869,073

 
$
787,772

 
Gross profit
294,289

 
323,582

 
368,111

 
335,781

 
Net income
39,541

(1),(2),(3) 
83,038

(1),(3) 
161,356

(1),(2),(3),(4) 
50,390

(1),(2),(3),(5) 
Net income per share:
 
 
 
 
 
 
 
 
Basic
$
0.33

 
$
0.71

 
$
1.39

 
$
0.44

 
Diluted
$
0.33

 
$
0.70

 
$
1.36

 
$
0.43

 
 
 
 
 
 
 
 
 
 
 
Fiscal 2019 Quarter
(in thousands, except per share data)
First
 
Second
 
Third
 
Fourth
 
Revenue
$
692,670

 
$
884,443

 
$
832,330

 
$
680,882

 
Gross profit
236,733

 
353,514

 
338,363

(1) 
266,573

(1) 
Net (loss) income
(29,993
)
(1),(2),(6),(7) 
32,084

(1),(2),(6) 
69,517

(1),(2),(6) 
61,517

(1),(6),(8) 
Net (loss) income per share:
 
 
 
 
 
 
 
 
Basic
$
(0.24
)
 
$
0.26

 
$
0.56

 
$
0.51

 
Diluted
$
(0.24
)
 
$
0.25

 
$
0.55

 
$
0.50

 


1 The Company recorded restructuring related charges, including accelerated depreciation on certain property and equipment, of $24.0 million, $9.5 million, $10.3 million and $4.1 million in the first, second, third and fourth quarters of fiscal 2020, respectively. The Company recorded restructuring related charges, including accelerated depreciation and impairment charges on certain property and equipment, of $2.8 million, $0.5 million, $19.5 million and $27.9 million in the first, second, third and fourth quarters of fiscal 2019, respectively (Note 12).
2 The Company recorded start-up expenses of $0.1 million, $0.4 million and $0.2 million in the first, third and fourth quarters of fiscal 2020, respectively. The Company recorded start-up expenses of $5.3 million, $5.9 million and $6.8 million in the first, second and third quarters of fiscal 2019, respectively.
3 The Company recorded acquisition and integration related expenses of $23.1 million, $7.6 million, $7.2 million and $24.0 million in the first, second, third and fourth quarters of fiscal 2020, respectively, primarily associated with the acquisitions of Active-Semi, Cavendish, Custom MMIC and Decawave (Note 5).
4 The Company recorded a gain of $43.0 million in the third quarter of fiscal 2020 related to the remeasurement of its previously held equity interest in Cavendish in connection with the purchase of the remaining issued and outstanding capital of the entity (Note 5).
5 The Company recorded an impairment of $18.3 million in the fourth quarter of fiscal 2020 on an equity investment without a readily determinable fair value (Note 7).
6 The Company recorded losses on debt extinguishment of $33.4 million, $48.8 million, $1.8 million and $6.2 million in the first, second, third and fourth quarters of fiscal 2019, respectively.
7 Income tax benefit of $32.1 million for the first quarter of fiscal 2019 relates primarily to a discrete provisional benefit for adjustments to a third quarter fiscal 2018 provisional estimate of the impact of the Tax Act (Note 13).
8 Income tax benefit of $11.3 million for the fourth quarter of fiscal 2019 relates primarily to a discrete benefit for the recognition of a previously unrecognized tax benefit as a result of legislative guidance issued during the year (Note 13).