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Consolidated Condensed Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Jun. 27, 2020
Jun. 29, 2019
Cash flows from operating activities:    
Net income $ 18,209 $ 4,618
Adjustments to reconcile net income to net cash generated by operating activities:    
Depreciation and amortization 11,745 19,745
Stock-based compensation expense 13,306 11,782
Deferred income taxes 673 (251)
Loss on retirement or write-off of long-lived assets 0 2
Other non-cash adjustments 107 346
MEMS restructuring charges 352 0
Net change in operating assets and liabilities:    
Accounts receivable, net 17,459 9,159
Inventories (52,607) 18,416
Other assets (3,545) (2,966)
Accounts payable and other accrued liabilities 2,553 3,220
Income taxes payable (7,750) (7,084)
Net cash generated by operating activities 502 56,987
Cash flows from investing activities:    
Maturities and sales of available-for-sale marketable securities 33,965 42,057
Purchases of available-for-sale marketable securities (41,017) (68,663)
Purchases of property, equipment and software (2,054) (3,816)
Investments in technology (77) (4,301)
Net cash used in investing activities (9,183) (34,723)
Cash flows from financing activities:    
Issuance of common stock, net of shares withheld for taxes 3,061 260
Repurchase of stock to satisfy employee tax withholding obligations (577) (619)
Repurchase and retirement of common stock 0 (40,000)
Net cash generated by (used in) financing activities 2,484 (40,359)
Net decrease in cash and cash equivalents (6,197) (18,095)
Cash and cash equivalents at beginning of period 292,119 216,172
Cash and cash equivalents at end of period $ 285,922 $ 198,077