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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Mar. 28, 2026
Mar. 29, 2025
Mar. 30, 2024
Cash flows from operating activities:      
Net income $ 414,408 $ 331,507 $ 274,572
Adjustments to net cash provided by operating activities:      
Depreciation and amortization 52,300 50,951 48,292
Stock-based compensation expense 81,811 84,146 89,271
Deferred income taxes (1,123) (31) (13,304)
Loss on retirement or write-off of long-lived assets 0 382 76
Other non-cash charges (188) 779 2,362
Restructuring 0 0 1,959
Net change in operating assets and liabilities:      
Accounts receivable, net (4,140) (53,531) (12,767)
Inventories 58,221 (71,844) 6,204
Prepaid wafers 53,339 79,357 47,571
Other assets 8,653 7,261 18,303
Accounts payable 17,483 9,148 (23,943)
Accrued salaries and benefits 286 4,463 (6,279)
Income taxes payable (12,940) 15,577 15,108
Acquisition-related liabilities 0 0 (21,361)
Other accrued liabilities (17,512) (13,799) (4,390)
Net cash provided by operating activities 650,598 444,366 421,674
Cash flows from investing activities:      
Maturities and sales of available-for-sale marketable securities 147,597 35,296 37,032
Purchases of available-for-sale marketable securities (207,882) (130,827) (161,699)
Purchases of property, equipment and software (13,988) (22,776) (37,650)
Investments in technology (848) (5,977) (695)
Net cash used in investing activities (75,121) (124,284) (163,012)
Cash flows from financing activities:      
Issuance of common stock, net of shares withheld for taxes 3,867 15,433 3,329
Repurchase of stock to satisfy employee tax withholding obligations (38,070) (37,637) (19,016)
Repurchase and retirement of common stock (279,964) (261,022) (185,995)
Net cash used in financing activities (314,167) (283,226) (201,682)
Net increase in cash and cash equivalents 261,310 36,856 56,980
Cash and cash equivalents at beginning of period 539,620 502,764 445,784
Cash and cash equivalents at end of period 800,930 539,620 502,764
Cash payments during the year for:      
Income taxes 49,621 51,709 43,377
Interest $ 532 $ 404 $ 658