XML 17 R6.htm IDEA: XBRL DOCUMENT v3.5.0.2
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
$ in Thousands
6 Months Ended
Oct. 02, 2016
USD ($)
Sep. 27, 2015
USD ($)
Cash flows from operating activities:    
Net income $ 45,538 $ 80,581
Adjustments:    
Depreciation 10,192 8,648
Amortization of intangible assets 11,849 2,451
Amortization of debt issuance costs and debt discount 6,577 0
Assets impairment 870 0
Gain on sale of property, plant and equipment 0 (325)
Stock-based compensation expense, net of amounts capitalized in inventory 19,696 16,416
Deferred income tax (3,298) 334
Changes in assets and liabilities    
Accounts receivable, net (9,363) [1] 245 [1]
Inventories 9,188 [1] 1,400 [1]
Prepayments and other assets (256) [1] 2,353 [1]
Accounts payable (2,595) [1] 3,525 [1]
Accrued compensation and related expenses (20,175) [1] (16,156) [1]
Deferred income on shipments to distributors 219 [1] (4,218) [1]
Income taxes payable and receivable (14) [1] 179 [1]
Other accrued liabilities and long-term liabilities 14,545 [1] (4,833) [1]
Net cash provided by operating activities 82,973 90,600
Cash flows from investing activities:    
Acquisitions (1,528) 0
Purchase of convertible notes (1,955) 0
Purchases of property, plant and equipment, net (12,922) (8,090)
Purchases of intangible assets (150) (9,900)
Purchases of short-term investments (212,002) (189,213)
Proceeds from sales of short-term investments 85,353 109,885
Proceeds from maturities of short-term investments 17,337 48,774
Net cash used in investing activities (125,867) (48,544)
Cash flows from financing activities:    
Proceeds from issuance of common stock 10,301 9,744
Repurchase of common stock (54,383) (77,025)
Payment of capital lease obligations (714) 0
Net cash used in financing activities (44,796) (67,281)
Effect of exchange rates on cash and cash equivalents (669) (163)
Net decrease in cash and cash equivalents (88,359) (25,388)
Cash held for sale (1,000) [1]  
Cash and cash equivalents at beginning of period 203,231 116,945
Cash and cash equivalents at end of period $ 113,872 $ 91,557
[1] The impact of assets and liabilities reclassified as held for sale during the period was not considered in the changes in operating assets and liabilities, net of acquisitions within cash flows from operating activities. See Note 5 "Other Divestitures" for more details on the assets and liabilities reclassified as held for sale.