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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Apr. 02, 2017
Apr. 03, 2016
Mar. 29, 2015
Cash flows provided by operating activities:      
Net income $ 110,482 $ 194,737 $ 93,909
Adjustments:      
Depreciation 20,830 18,346 18,808
Amortization of intangible assets 23,653 15,354 6,573
Amortization of debt issuance cost and debt discount 13,320 5,354 0
Asset impairments 2,180 0 8,471
Gain on sale of property, plant and equipment 0 (325) 0
Net gain from divestitures (675) 0 (16,840)
Stock-based compensation expense, net of amounts capitalized in inventory 39,869 34,125 22,259
Deferred income tax and deferred tax charge (10,587) (67,277) (293)
Excess tax benefit from stock-based payment arrangements 0 (4,475) 0
Changes in assets and liabilities (net of amounts acquired):      
Accounts receivable, net (16,647) (1,640) 5,286
Inventories 861 11,719 4,412
Prepayments and other assets 500 2,705 (2,337)
Accounts payable 3,934 6,527 2,314
Accrued compensation and related expenses (18,895) (13,312) 19,306
Deferred income on shipments to distributors (5,021) (8,688) 1,688
Income taxes payable and receivable 231 4,463 90
Other accrued liabilities and long-term liabilities 4,939 (5,011) 8,126
Net cash provided by operating activities 168,974 192,602 171,772
Cash flows used for investing activities:      
Acquisitions, net of cash acquired (1,528) (279,138) 0
Cash in escrow related to acquisitions 0 2,700 1,026
Proceeds from divestitures, net 231 0 15,300
Purchases of property, plant and equipment, net (27,055) (16,286) (17,765)
Purchase of intangible assets (4,896) (10,800) 0
Investment in convertible note (1,955) 0 0
Purchases of non-marketable equity securities (1,245) (6,020) (4,000)
Purchases of short-term investments (303,722) (364,029) (285,817)
Proceeds from sales of short-term investments 224,028 551,289 119,070
Proceeds from maturities of short-term investments 37,679 96,771 90,344
Net cash used for investing activities (78,463) (25,513) (81,842)
Cash flows used for financing activities:      
Proceeds from issuance of common stock 17,508 19,722 21,067
Repurchase of common stock (93,507) (422,262) (79,245)
Proceeds from issuance of senior convertible notes, net of issuance costs 0 363,445 0
Purchase of convertible note hedge 0 (94,185) 0
Proceeds from issuance of warrants 0 56,847 0
Payment of acquisition related contingent consideration 0 0 (1,600)
Payment of capital lease obligations (1,507) (221) 0
Repayment of loans 0 (9,437) 0
Excess tax benefit from stock-based payment arrangements 0 4,475 0
Net cash used for financing activities (77,506) (81,616) (59,778)
Effect of exchange rates on cash and cash equivalents (1,682) 813 (4,418)
Net increase in cash and cash equivalents 11,323 86,286 25,734
Cash and cash equivalents at beginning of period 203,231 116,945 91,211
Cash and cash equivalents at end of period 214,554 203,231 116,945
Cash paid for:      
Interest 3,370 67 27
Fees on prepayment of loans 0 259 0
Income taxes, net of refunds 1,098 996 1,840
Non-cash investing activities:      
Additions to property, plant and equipment included in accounts payable 2,616 1,389 473
Additions to intangible assets included in other long-term liabilities 0 600 0
Conversion of a cost method investment in convertible notes to ordinary shares of stock $ (1,955) $ (2,020) $ 0