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Consolidated Condensed Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Jun. 28, 2025
Jun. 29, 2024
Cash flows from operating activities:    
Net income $ 60,697 $ 42,095
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 13,173 12,359
Stock-based compensation expense 20,809 21,385
Deferred income taxes (5,938) (5,897)
Other non-cash adjustments (16) 1,104
Net change in operating assets and liabilities:    
Accounts receivable 1,924 (27,601)
Inventories 20,108 (5,318)
Prepaid wafers 6,138 12,354
Other assets 2,014 (5,459)
Accounts payable and other accrued liabilities (8,806) 12,037
Income taxes payable 6,028 30,102
Net cash provided by operating activities 116,131 87,161
Cash flows from investing activities:    
Maturities and sales of available-for-sale marketable securities 22,990 12,646
Purchases of available-for-sale marketable securities (26,435) (69,060)
Purchases of property, equipment and software (2,638) (9,990)
Investments in technology (132) (155)
Net cash used in investing activities (6,215) (66,559)
Cash flows from financing activities:    
Net proceeds from the issuance of common stock 382 10,196
Repurchase of stock to satisfy employee tax withholding obligations (1,049) (1,219)
Repurchase and retirement of common stock (99,999) (40,992)
Net cash used in financing activities (100,666) (32,015)
Net increase (decrease) in cash and cash equivalents 9,250 (11,413)
Cash and cash equivalents at beginning of period 539,620 502,764
Cash and cash equivalents at end of period $ 548,870 $ 491,351