XML 24 R5.htm IDEA: XBRL DOCUMENT v3.24.1.1.u2
Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Mar. 30, 2024
Mar. 25, 2023
Mar. 26, 2022
Income Statement [Abstract]      
Net sales $ 1,788,890 $ 1,897,617 $ 1,781,460
Cost of sales 872,818 940,638 857,819
Gross profit 916,072 956,979 923,641
Operating expenses      
Research and development 426,475 458,412 406,307
Selling, general and administrative 144,172 153,144 150,996
Restructuring 1,959 10,632 0
Intangibles impairment 0 85,760 0
Total operating expenses 572,606 707,948 557,303
Income from operations 343,466 249,031 366,338
Interest income 21,493 9,985 1,563
Interest expense (915) (898) (948)
Other income (expense) (108) (3,379) 1,710
Income before income taxes 363,936 254,739 368,663
Provision for income taxes 89,364 78,036 42,308
Net income $ 274,572 $ 176,703 $ 326,355
Basic earnings per share (in dollars per share) $ 5.06 $ 3.18 $ 5.70
Diluted earnings per share (in dollars per share) $ 4.90 $ 3.09 $ 5.52
Basic weighted average common shares outstanding (in shares) 54,290 55,614 57,278
Diluted weighted average common shares outstanding (in shares) 56,021 57,226 59,143