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Consolidated Condensed Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Dec. 26, 2020
Dec. 28, 2019
Cash flows from operating activities:    
Net income $ 192,063 $ 149,340
Adjustments to reconcile net income to net cash generated by operating activities:    
Depreciation and amortization 35,478 55,379
Stock-based compensation expense 42,069 39,700
Deferred income taxes 3,679 (3,403)
Loss on retirement or write-off of long-lived assets 52 46
Other non-cash adjustments 124 560
MEMS restructuring charges 352 0
Net change in operating assets and liabilities:    
Accounts receivable, net (90,806) (55,281)
Inventories 4,036 26,813
Other assets (3,529) (9,892)
Accounts payable and other accrued liabilities 6,157 47,080
Income taxes payable (13,233) (3,795)
Net cash generated by operating activities 176,442 246,547
Cash flows from investing activities:    
Maturities and sales of available-for-sale marketable securities 97,415 131,761
Purchases of available-for-sale marketable securities (153,505) (163,925)
Purchases of property, equipment and software (11,734) (13,262)
Investments in technology (1,310) (4,893)
Net cash used in investing activities (69,134) (50,319)
Cash flows from financing activities:    
Issuance of common stock, net of shares withheld for taxes 6,487 14,211
Repurchase of stock to satisfy employee tax withholding obligations (13,619) (14,309)
Repurchase and retirement of common stock (65,001) (70,001)
Net cash used in financing activities (72,133) (70,099)
Net increase in cash and cash equivalents 35,175 126,129
Cash and cash equivalents at beginning of period 292,119 216,172
Cash and cash equivalents at end of period $ 327,294 $ 342,301