XML 41 R30.htm IDEA: XBRL DOCUMENT v3.8.0.1
Stock-Based Compensation Plans (Tables)
9 Months Ended
Dec. 30, 2017
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Stock-Based compensation expense
The following table summarizes stock-based compensation expense related to stock awards granted under the Company’s equity incentive plans and rights to acquire stock granted under the Company’s Employee Stock Purchase Plan (ESPP):
 
Three Months Ended
 
Nine Months Ended
(In thousands)
December 30, 2017
 
December 31, 2016
 
December 30, 2017
 
December 31, 2016
Stock-based compensation included in:

 

 

 

Cost of revenues
$
2,188

 
$
1,945

 
$
6,486

 
$
5,994

Research and development
20,217

 
17,154

 
57,779

 
48,803

Selling, general and administrative
14,396

 
11,768

 
40,944

 
35,276

 
$
36,801

 
$
30,867

 
$
105,209

 
$
90,073

Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Weighted Average Grant Date Fair Value
The per share weighted-average fair value of RSUs granted during the third quarter of fiscal year 2018 was $67.40 ($49.50 for the third quarter of fiscal year 2017), and for the first nine months of fiscal year 2018 was $60.36 ($43.40 for the first nine months of fiscal year 2017), which were calculated based on estimates at the date of grant using the following weighted-average assumptions: 
 
Three Months Ended
 
Nine Months Ended

December 30, 2017
 
December 31, 2016
 
December 30, 2017
 
December 31, 2016
Risk-free interest rate
1.9
%
 
1.4
%
 
1.8
%
 
0.9
%
Dividend yield
2.0
%
 
2.5
%
 
2.2
%
 
2.8
%
Schedule of Share-based Payment Award, Employee Stock Purchase Plan, Valuation Assumptions [Table Text Block]
The fair values of stock purchase plan rights granted in the second quarter of fiscal years 2018 and 2017 were estimated using the Black-Scholes option pricing model at the date of grant using the following assumptions:

2018
 
2017
Expected life of options (years)
1.25

 
1.25

Expected stock price volatility
0.28

 
0.23

Risk-free interest rate
1.3
%
 
0.5
%
Dividend yield
2.2
%
 
2.6
%
Restricted Stock Units (RSUs) [Member]  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Summary of restricted stock unit activity and related information
A summary of the Company’s RSU activity and related information is as follows:
 
 
RSUs Outstanding
(Shares in thousands)
Number of Shares
 
Weighted-Average Grant-Date Fair Value Per Share
April 2, 2016
6,619

 
$
40.74

Granted
3,398

 
$
44.38

Vested
(2,619
)
 
$
39.49

Cancelled
(410
)
 
$
41.63

April 1, 2017
6,988

 
$
42.93

Granted
3,468

 
$
60.36

Vested
(2,426
)
 
$
42.18

Cancelled
(416
)
 
$
46.94

December 30, 2017
7,614

 
$
50.48