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Consolidated Condensed Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Jun. 26, 2021
Jun. 27, 2020
Cash flows from operating activities:    
Net income $ 17,209 $ 18,209
Adjustments to reconcile net income to net cash (used in) generated by operating activities:    
Depreciation and amortization 11,898 11,745
Stock-based compensation expense 14,985 13,306
Deferred income taxes (9,270) 673
Other non-cash adjustments 108 107
MEMS restructuring charges 0 352
Net change in operating assets and liabilities:    
Accounts receivable, net (27,822) 17,459
Inventories (19,459) (52,607)
Other assets (6,457) (3,545)
Accounts payable and other accrued liabilities (21,740) 2,553
Income taxes payable 13,752 (7,750)
Net cash (used in) generated by operating activities (26,796) 502
Cash flows from investing activities:    
Maturities and sales of available-for-sale marketable securities 49,158 33,965
Purchases of available-for-sale marketable securities (53,969) (41,017)
Purchases of property, equipment and software (10,835) (2,054)
Investments in technology (1,068) (77)
Net cash used in investing activities (16,714) (9,183)
Cash flows from financing activities:    
Issuance of common stock, net of shares withheld for taxes 746 3,061
Repurchase of stock to satisfy employee tax withholding obligations (1,772) (577)
Repurchase and retirement of common stock (12,501) 0
Net cash (used in) generated by financing activities (13,527) 2,484
Net decrease in cash and cash equivalents (57,037) (6,197)
Cash and cash equivalents at beginning of period 442,164 292,119
Cash and cash equivalents at end of period $ 385,127 $ 285,922