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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Mar. 27, 2021
Mar. 28, 2020
Mar. 30, 2019
Cash flows from operating activities:      
Net income $ 217,344 $ 159,498 $ 89,991
Adjustments to net cash provided by operating activities:      
Depreciation and amortization 47,083 68,237 79,826
Stock-based compensation expense 56,762 53,757 49,689
Deferred income taxes (5,581) (5,888) 1,717
(Gain) loss on retirement or write-off of long-lived assets 371 379 (2,713)
Charges for defined benefit pension plan 0 0 11,189
Other non-cash (gains) / charges (622) 697 429
MEMS restructuring charges 352 21,925 0
Net change in operating assets and liabilities:      
Accounts receivable, net 45,286 (33,082) (14,316)
Inventories (26,538) 17,765 40,636
Other assets 843 1,379 965
Accounts payable 21,104 27,626 (21,965)
Accrued salaries and benefits 12,410 11,470 (6,432)
Income taxes payable (18,185) (9,809) (7,974)
Other accrued liabilities (1,684) (18,139) (14,348)
Net cash provided by operating activities 348,945 295,815 206,694
Cash flows from investing activities:      
Maturities and sales of available-for-sale marketable securities 168,328 170,818 70,840
Purchases of available-for-sale marketable securities (225,528) (249,463) (98,864)
Purchases of property, equipment and software (18,253) (15,656) (31,615)
Investments in technology (2,222) (5,920) (4,143)
Proceeds from the sale of assets 0 0 9,120
Net cash used in investing activities (77,675) (100,221) (54,662)
Cash flows from financing activities:      
Issuance of common stock, net of shares withheld for taxes 7,128 18,635 1,616
Repurchase of stock to satisfy employee tax withholding obligations (18,367) (18,280) (13,083)
Repurchase and retirement of common stock (109,986) (120,002) (159,997)
Net cash used in financing activities (121,225) (119,647) (171,464)
Net increase (decrease) in cash and cash equivalents 150,045 75,947 (19,432)
Cash and cash equivalents at beginning of period 292,119 216,172 235,604
Cash and cash equivalents at end of period 442,164 292,119 216,172
Cash payments during the year for:      
Income taxes 28,988 22,321 20,617
Interest $ 610 $ 457 $ 612