Leases and Commitments

12 Months Ended

Mar. 28, 2020

Commitments and Contingencies Disclosure [Abstract]

Leases

Leases and Commitments

Xilinx leases some of its facilities and office buildings under non-cancelable operating leases that expire at various dates through August 2029. Additionally, Xilinx entered into a land lease in conjunction with the Company's building in Singapore, which will expire in November 2035 and the lease cost was settled in an up-front payment in June 2006. Some of the operating leases for facilities and office buildings require payment of operating costs, including property taxes, repairs, maintenance and insurance. Most of the Company's leases contain renewal options for varying terms. These renewal terms can extend the lease term from 1 to 15 years and are included in the lease term when it is reasonably certain that the Company will exercise the option. The following table presents the maturities of lease liabilities as of March 28, 2020:

Fiscal	(In thousands)
2021	$	13,778
2022	12,426
2023	7,783
2024	6,705
2025	6,410
Thereafter	29,577
Total lease payments	76,679
Less: Imputed interest	(16,606		)
Total lease liabilities	$	60,073

The Company's leases were included as a component of the following consolidated balance sheet lines:

(In thousands)	March 28, 2020
Other assets	$	57,819
Other accrued liabilities	11,109
Other long-term liabilities	48,964

The components of lease costs were as follows:

(In thousands)	March 28, 2020
Operating lease cost	$	16,584
Lease income	(2,799		)
Total lease cost	$	13,785

Other information related to leases was as follows:

(In thousands)	March 28, 2020
Cash paid for operating leases included in operating cash flows	$	12,571

	March 28, 2020
Weighted-average remaining lease term - operating leases (in years)	7.3
Weighted-average remaining discount rate - operating leases	5.6	%

Other commitments as of March 28, 2020 totaled $142.4 million and consisted of purchases of inventory and other non-cancelable purchase obligations related to subcontractors that manufacture silicon wafers and provide assembly and test services. The Company expects to receive and pay for these materials and services in the next three to six months, as the products meet delivery and quality specifications. Additionally, as of March 28, 2020, the Company had $41.3 million in commitments primarily related to open purchase orders from ordinary operations and $1.6 million related to renovation of three of its properties. These commitments expire at various dates through April 2025.

As of March 30, 2019, prior to the adoption of the new authoritative guidance on leases, future minimum lease payments under non-cancelable operating leases were as follows:

Fiscal	(In thousands)
2020	$	11,991
2021	10,747
2022	9,580
2023	5,444
2024	5,338
Thereafter	29,293
Total	$	72,393

Commitments

Leases and Commitments

Xilinx leases some of its facilities and office buildings under non-cancelable operating leases that expire at various dates through August 2029. Additionally, Xilinx entered into a land lease in conjunction with the Company's building in Singapore, which will expire in November 2035 and the lease cost was settled in an up-front payment in June 2006. Some of the operating leases for facilities and office buildings require payment of operating costs, including property taxes, repairs, maintenance and insurance. Most of the Company's leases contain renewal options for varying terms. These renewal terms can extend the lease term from 1 to 15 years and are included in the lease term when it is reasonably certain that the Company will exercise the option. The following table presents the maturities of lease liabilities as of March 28, 2020:

Fiscal	(In thousands)
2021	$	13,778
2022	12,426
2023	7,783
2024	6,705
2025	6,410
Thereafter	29,577
Total lease payments	76,679
Less: Imputed interest	(16,606		)
Total lease liabilities	$	60,073

The Company's leases were included as a component of the following consolidated balance sheet lines:

(In thousands)	March 28, 2020
Other assets	$	57,819
Other accrued liabilities	11,109
Other long-term liabilities	48,964

The components of lease costs were as follows:

(In thousands)	March 28, 2020
Operating lease cost	$	16,584
Lease income	(2,799		)
Total lease cost	$	13,785

Other information related to leases was as follows:

(In thousands)	March 28, 2020
Cash paid for operating leases included in operating cash flows	$	12,571

	March 28, 2020
Weighted-average remaining lease term - operating leases (in years)	7.3
Weighted-average remaining discount rate - operating leases	5.6	%

Other commitments as of March 28, 2020 totaled $142.4 million and consisted of purchases of inventory and other non-cancelable purchase obligations related to subcontractors that manufacture silicon wafers and provide assembly and test services. The Company expects to receive and pay for these materials and services in the next three to six months, as the products meet delivery and quality specifications. Additionally, as of March 28, 2020, the Company had $41.3 million in commitments primarily related to open purchase orders from ordinary operations and $1.6 million related to renovation of three of its properties. These commitments expire at various dates through April 2025.

As of March 30, 2019, prior to the adoption of the new authoritative guidance on leases, future minimum lease payments under non-cancelable operating leases were as follows:

Fiscal	(In thousands)
2020	$	11,991
2021	10,747
2022	9,580
2023	5,444
2024	5,338
Thereafter	29,293
Total	$	72,393