XML 21 R7.htm IDEA: XBRL DOCUMENT v3.22.1
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Mar. 26, 2022
Mar. 27, 2021
Mar. 28, 2020
Cash flows from operating activities:      
Net income $ 326,355 $ 217,344 $ 159,498
Adjustments to net cash provided by operating activities:      
Depreciation and amortization 62,061 47,083 68,237
Stock-based compensation expense 66,392 56,762 53,757
Deferred income taxes (15,002) (5,581) (5,888)
Loss on retirement or write-off of long-lived assets 642 371 379
Other non-cash (gains) / charges 370 (622) 697
MEMS restructuring charges 0 352 21,925
Net change in operating assets and liabilities:      
Accounts receivable, net (124,826) 45,286 (33,082)
Inventories 42,502 (26,538) 17,765
Long-term prepaid wafers (195,000) 0 0
Other assets (92,584) 843 1,379
Accounts payable 10,529 21,104 27,626
Accrued salaries and benefits 10,049 12,410 11,470
Income taxes payable (804) (18,185) (9,809)
Acquisition-related liabilities 39,656 0 0
Other accrued liabilities (5,587) (1,684) (18,139)
Net cash provided by operating activities 124,753 348,945 295,815
Cash flows from investing activities:      
Maturities and sales of available-for-sale marketable securities 371,545 168,328 170,818
Purchases of available-for-sale marketable securities (83,023) (225,528) (249,463)
Purchases of property, equipment and software (26,139) (18,253) (15,656)
Investments in technology (3,871) (2,222) (5,920)
Acquisition of business, net of cash obtained (276,884) 0 0
Net cash used in investing activities (18,372) (77,675) (100,221)
Cash flows from financing activities:      
Debt issuance costs (1,718) 0 0
Issuance of common stock, net of shares withheld for taxes 13,220 7,128 18,635
Repurchase of stock to satisfy employee tax withholding obligations (22,732) (18,367) (18,280)
Repurchase and retirement of common stock (167,501) (109,986) (120,002)
Net cash used in financing activities (178,731) (121,225) (119,647)
Net increase (decrease) in cash and cash equivalents (72,350) 150,045 75,947
Cash and cash equivalents at beginning of period 442,164 292,119 216,172
Cash and cash equivalents at end of period 369,814 442,164 292,119
Cash payments during the year for:      
Income taxes 35,693 28,988 22,321
Interest $ 572 $ 610 $ 457