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Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 25, 2023
Mar. 26, 2022
Current assets:    
Cash and cash equivalents $ 445,784 $ 369,814
Marketable securities 34,978 10,601
Accounts receivable, net 150,473 240,264
Inventories 233,450 138,436
Prepaid assets 35,507 40,822
Prepaid wafers 60,638 0
Other current assets 57,026 40,078
Total current assets 1,017,856 840,015
Long-term marketable securities 36,509 63,749
Right-of-use lease assets 128,145 171,003
Property and equipment, net 162,972 157,077
Intangibles, net 38,876 158,145
Goodwill 435,936 435,791
Deferred tax assets 35,580 11,068
Long-term prepaid wafers 134,363 195,000
Other assets 73,729 91,552
Total assets 2,063,966 2,123,400
Current liabilities:    
Accounts payable 81,462 115,417
Accrued salaries and benefits 50,606 65,261
Software license agreements 20,948 21,736
Current lease liabilities 18,442 14,680
Acquisition-related liabilities 21,361 30,964
Other accrued liabilities 23,521 16,725
Total current liabilities 216,340 264,783
Long-term liabilities:    
Non-current lease liabilities 122,631 163,162
Non-current income taxes 59,013 73,383
Long-term acquisition-related liabilities 0 8,692
Other long-term liabilities 7,700 13,563
Total long-term liabilities 189,344 258,800
Stockholders’ equity:    
Preferred stock, 5.0 million shares authorized but unissued 0 0
Common stock, $0.001 par value, 280,000 shares authorized, 55,098 shares and 56,596 shares issued and outstanding at March 25, 2023 and March 26, 2022, respectively 55 57
Additional paid-in capital 1,670,086 1,578,370
Accumulated earnings (deficit) (9,320) 23,435
Accumulated other comprehensive loss (2,539) (2,045)
Total stockholders’ equity 1,658,282 1,599,817
Total liabilities and stockholders’ equity $ 2,063,966 $ 2,123,400