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Consolidated Condensed Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Sep. 23, 2017
Sep. 24, 2016
Cash flows from operating activities:    
Net income $ 116,212 $ 104,110
Adjustments to reconcile net income to net cash generated by operating activities:    
Depreciation and amortization 39,031 32,961
Stock compensation expense 23,695 19,234
Deferred income taxes 346 3,845
Loss on retirement or write-off of long-lived assets 377 251
Other non-cash adjustments (3,819) (2,985)
Net change in operating assets and liabilities:    
Accounts receivable, net (112,406) (181,027)
Inventories (42,896) (19,239)
Other assets 5,714 4,584
Accounts payable and other accrued liabilities 49,658 64,475
Income taxes payable 4,797 10,638
Net cash generated by operating activities 80,709 36,847
Cash flows from investing activities:    
Maturities and sales of available-for-sale marketable securities 109,069 91,531
Purchases of available-for-sale marketable securities (158,216) (128,415)
Purchases of property, equipment and software (25,781) (18,119)
Investments in technology (21,809) (5,743)
Net cash used in investing activities (96,737) (60,746)
Cash flows from financing activities:    
Principal payments on long-term revolver (60,000) (20,439)
Debt issuance costs 0 (2,152)
Payments on capital lease agreements 0 (699)
Issuance of common stock, net of shares withheld for taxes 5,695 9,131
Repurchase of stock to satisfy employee tax withholding obligations (5,085) (2,031)
Repurchase and retirement of common stock (95,550) (15,440)
Net cash used in financing activities (154,940) (31,630)
Net decrease in cash and cash equivalents (170,968) (55,529)
Cash and cash equivalents at beginning of period 351,166 168,793
Cash and cash equivalents at end of period $ 180,198 $ 113,264