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Consolidated Condensed Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Dec. 28, 2024
Dec. 30, 2023
Cash flows from operating activities:    
Net income $ 260,240 $ 229,730
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 37,801 36,283
Stock-based compensation expense 64,655 67,113
Deferred income taxes 7,466 1,122
Loss on retirement or write-off of long-lived assets 381 74
Other non-cash adjustments 812 2,276
Restructuring costs 0 1,959
Net change in operating assets and liabilities:    
Accounts receivable (99,465) (67,558)
Inventories (48,310) (23,223)
Prepaid wafers 58,296 36,654
Other assets (4,080) 11,682
Accounts payable and other accrued liabilities 17,749 (32,201)
Income taxes payable 18,435 8,598
Acquisition-related liabilities 0 (21,361)
Net cash provided by operating activities 313,980 251,148
Cash flows from investing activities:    
Maturities and sales of available-for-sale marketable securities 25,904 23,418
Purchases of available-for-sale marketable securities (117,505) (53,525)
Purchases of property, equipment and software (19,347) (30,593)
Investments in technology (225) (57)
Net cash used in investing activities (111,173) (60,757)
Cash flows from financing activities:    
Net proceeds from the issuance of common stock 15,433 610
Repurchase of stock to satisfy employee tax withholding obligations (33,538) (16,851)
Repurchase and retirement of common stock (161,022) (136,003)
Net cash used in financing activities (179,127) (152,244)
Net increase in cash and cash equivalents 23,680 38,147
Cash and cash equivalents at beginning of period 502,764 445,784
Cash and cash equivalents at end of period $ 526,444 $ 483,931