Leases and Commitments

3 Months Ended

Jun. 27, 2020

Commitments and Contingencies Disclosure [Abstract]

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 June 27, 2020:


Fiscal	(In thousands)
2021 (remaining nine months)	$	9,971
2022	11,979
2023	7,342
2024	6,292
2025	6,058
Thereafter	28,038
Total lease payments	$	69,680
Less: Imputed interest	$	(14,147)
Total lease liabilities	$	55,533

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


(In thousands)	June 27, 2020		March 28, 2020
Other assets	$	53,259	$	57,819
Other accrued liabilities	11,001		11,109
Other long-term liabilities	44,532		48,964

The components of lease costs were as follows:


	Three Months Ended
(In thousands)	June 27, 2020		June 29, 2019
Operating lease cost	$	3,701	$	4,272
Lease income	(922)		(796)
Total lease cost	$	2,779	$	3,476

Other information related to leases were as follows:


($ in thousands)	June 27, 2020
Cash paid for operating leases included in operating cash flows	$	3,384


	June 27, 2020
Weighted-average remaining lease term - operating leases (in years)	7.2
Weighted-average remaining discount rate - operating leases	5.6	%

Other commitments as of June 27, 2020 totaled $133.8 million and consisted of purchases of inventory and other non-cancelable purchase obligations related to subcontractors that manufacture silicon wafers and provide assembly and some 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 June 27, 2020, the Company had $39.3 million commitments primarily related to open purchase orders from ordinary operations. These commitments expire at various dates through January 2025.