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Consolidated Condensed Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Sep. 28, 2024
Sep. 23, 2023
Cash flows from operating activities:    
Net income $ 144,235 $ 91,007
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Depreciation and amortization 24,977 23,551
Stock-based compensation expense 43,832 44,046
Deferred income taxes (913) (8,601)
Loss on retirement or write-off of long-lived assets 12 64
Other non-cash adjustments 1,191 1,608
Restructuring costs 0 2,319
Net change in operating assets and liabilities:    
Accounts receivable (161,620) (121,606)
Inventories (44,517) (95,480)
Prepaid wafers 37,885 21,058
Other assets (5,800) (6,291)
Accounts payable and other accrued liabilities 39,305 (78)
Income taxes payable 16,805 7,220
Acquisition-related liabilities 0 (21,361)
Net cash provided by (used in) operating activities 95,392 (62,544)
Cash flows from investing activities:    
Maturities and sales of available-for-sale marketable securities 13,481 18,242
Purchases of available-for-sale marketable securities (72,637) (21,191)
Purchases of property, equipment and software (12,660) (20,780)
Investments in technology (225) (57)
Net cash used in investing activities (72,041) (23,786)
Cash flows from financing activities:    
Net proceeds from the issuance of common stock 15,055 560
Repurchase of stock to satisfy employee tax withholding obligations (4,426) (3,129)
Repurchase and retirement of common stock (90,985) (79,080)
Net cash used in financing activities (80,356) (81,649)
Net decrease in cash and cash equivalents (57,005) (167,979)
Cash and cash equivalents at beginning of period 502,764 445,784
Cash and cash equivalents at end of period $ 445,759 $ 277,805