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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Mar. 30, 2019
Mar. 31, 2018
Mar. 25, 2017
Cash flows from operating activities:      
Net income $ 89,991 $ 161,995 $ 261,209
Adjustments to net cash provided by operating activities:      
Depreciation and amortization 79,826 81,399 63,433
Stock-based compensation expense 49,689 48,741 39,593
Deferred income taxes 1,717 11,646 10,885
(Gain) loss on retirement or write-off of long-lived assets (2,713) 626 10,387
Charges (payments) for defined benefit pension plan 11,189 (10,929) 116
Other non-cash charges 429 (3,864) 8,980
Net change in operating assets and liabilities:      
Accounts receivable, net (14,316) 19,173 (31,442)
Inventories 40,636 (37,865) (25,880)
Other assets 965 16,824 575
Accounts payable (21,965) 143 1,772
Accrued salaries and benefits (6,432) (4,469) 18,951
Income taxes payable (7,974) 22,983 10,969
Other accrued liabilities (14,348) 12,308 203
Net cash provided by operating activities 206,694 318,711 369,751
Cash flows from investing activities:      
Maturities and sales of available-for-sale marketable securities 70,840 138,221 212,863
Purchases of available-for-sale marketable securities (98,864) (238,434) (231,432)
Purchases of property, equipment and software (31,615) (55,180) (41,849)
Investments in technology (4,143) (29,323) (9,447)
Proceeds from the sale of assets 9,120 0 0
Net cash used in investing activities (54,662) (184,716) (69,865)
Cash flows from financing activities:      
Principal payments on long-term revolver 0 (60,000) (100,439)
Debt issuance costs 0 0 (2,152)
Payments on capital lease agreements 0 0 (699)
Issuance of common stock, net of shares withheld for taxes 1,616 4,417 16,518
Repurchase of stock to satisfy employee tax withholding obligations (13,083) (17,806) (14,089)
Repurchase and retirement of common stock (159,997) (175,776) (15,439)
Contingent consideration payments 0 (392) (1,213)
Net cash used in financing activities (171,464) (249,557) (117,513)
Net (decrease) increase in cash and cash equivalents (19,432) (115,562) 182,373
Cash and cash equivalents at beginning of period 235,604 351,166 168,793
Cash and cash equivalents at end of period 216,172 235,604 351,166
Cash payments during the year for:      
Income taxes 20,617 34,385 8,001
Interest $ 612 $ 835 $ 2,947