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Consolidated Condensed Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Dec. 30, 2023
Dec. 24, 2022
Cash flows from operating activities:    
Net income $ 229,730 $ 230,372
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 36,283 52,358
Stock-based compensation expense 67,113 59,108
Deferred income taxes 1,122 6,430
Loss on retirement or write-off of long-lived assets 74 306
Other non-cash adjustments 2,276 3,017
Restructuring costs 1,959 0
Net change in operating assets and liabilities:    
Accounts receivable (67,558) (30,229)
Inventories (23,223) (13,990)
Prepaid wafers 36,654 0
Other assets 11,682 4,516
Accounts payable and other accrued liabilities (32,201) (26,619)
Income taxes payable 8,598 (3,455)
Acquisition-related liabilities (21,361) 9,488
Net cash provided by operating activities 251,148 291,302
Cash flows from investing activities:    
Maturities and sales of available-for-sale marketable securities 23,418 10,346
Purchases of available-for-sale marketable securities (53,525) (9,469)
Purchases of property, equipment and software (30,593) (23,764)
Investments in technology (57) (1,315)
Net cash used in investing activities (60,757) (24,202)
Cash flows from financing activities:    
Payment of acquisition-related holdback 0 (30,949)
Issuance of common stock, net of shares withheld for taxes 610 1,524
Repurchase of stock to satisfy employee tax withholding obligations (16,851) (16,563)
Repurchase and retirement of common stock (136,003) (156,382)
Net cash used in financing activities (152,244) (202,370)
Net increase in cash and cash equivalents 38,147 64,730
Cash and cash equivalents at beginning of period 445,784 369,814
Cash and cash equivalents at end of period $ 483,931 $ 434,544