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Income Taxes (Tables)
12 Months Ended
Mar. 30, 2013
Income Taxes [Abstract]  
Summary Of Income Before Income Taxes

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Year Ended

 

March 30,

 

March 31,

 

March 26,

 

2013

 

2012

 

2011

United States

$

200,124 

 

$

79,425 

 

$

83,569 

Non-U.S.

 

1,066 

 

 

558 

 

 

645 

 

$

201,190 

 

$

79,983 

 

$

84,214 

 

Summary Of Provision (Benefit) For Income Taxes

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Year Ended

 

March 30,

 

March 31,

 

March 26,

 

2013

 

2012

 

2011

Current:

 

 

 

 

 

 

 

 

Federal

$

3,537 

 

$

1,322 

 

$

163 

State

 

323 

 

 

518 

 

 

312 

Non-U.S.

 

243 

 

 

261 

 

 

204 

Total current tax provision

$

4,103 

 

$

2,101 

 

$

679 

 

 

 

 

 

 

 

 

 

Deferred:

 

 

 

 

 

 

 

 

U.S.

 

60,506 

 

 

(10,102)

 

 

(120,057)

Non-U.S.

 

(17)

 

 

 

 

89 

Total deferred tax provision (benefit)

 

60,489 

 

 

(10,101)

 

 

(119,968)

Total tax provision (benefit)

$

64,592 

 

$

(8,000)

 

$

(119,289)

 

Summary Of Provision (Benefit) For Income Taxes, Statutory Federal Rate Pretax Income Reconciliation

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Year Ended

 

March 30,

 

March 31,

 

March 26,

 

2013

 

2012

 

2011

Expected income tax provision at the U.S. federal statutory rate

 

35.0 

 

 

35.0 

 

 

35.0 

Valuation allowance changes affecting the provision of income taxes

 

(1.3)

 

 

(46.7)

 

 

(178.6)

Foreign taxes at different rates

 

(0.1)

 

 

 -

 

 

0.1 

R&D credit

 

(2.1)

 

 

 -

 

 

 -

Stock compensation

 

0.1 

 

 

1.0 

 

 

(0.1)

Nondeductible expenses

 

0.3 

 

 

0.1 

 

 

1.1 

Other

 

0.2 

 

 

0.6 

 

 

0.9 

Provision (benefit) for income taxes

 

32.1 

 

 

(10.0)

 

 

(141.6)

 

Significant Components Of Deferred Tax Assets And Liabilities

 

 

 

 

 

 

 

 

 

 

 

 

 

March 30,

 

March 31,

 

2013

 

2012

Deferred tax assets:

 

 

 

 

 

Inventory valuation

$

12,065 

 

$

3,240 

Accrued expenses and allowances

 

5,077 

 

 

3,656 

Net operating loss carryforwards

 

28,162 

 

 

105,220 

Research and development tax credit carryforwards

 

37,054 

 

 

36,032 

State tax credit carryforwards

 

237 

 

 

244 

Capitalized research and development

 

6,601 

 

 

9,779 

Other

 

21,505 

 

 

18,747 

Total deferred tax assets

$

110,701 

 

$

176,918 

Valuation allowance for deferred tax assets

 

(23,232)

 

 

(29,075)

Net deferred tax assets

$

87,469 

 

$

147,843 

 

 

 

 

 

 

Deferred tax liabilities:

 

 

 

 

 

Depreciation and amortization

$

5,238 

 

$

287 

Acquisition intangibles

 

623 

 

 

5,348 

Total deferred tax liabilities

$

5,861 

 

$

5,635 

Total net deferred tax assets

$

81,608 

 

$

142,208 

 

Summary Of Deferred Tax Assets

 

 

 

 

 

 

 

 

 

 

 

 

 

March 30,

 

March 31,

 

2013

 

2012

Current deferred tax assets

$

64,937 

 

$

53,137 

Long-term deferred tax assets

 

16,671 

 

 

89,071 

Total net deferred tax assets

$

81,608 

 

$

142,208 

 

Reconciliation Of Unrecognized Tax Benefits

 

 

 

Balance at March 31, 2012

$

 -

Additions based on tax positions related to the current year

 

 -

Reductions for tax positions of prior years

 

 -

Settlements

 

 -

Reductions related to expirations of statutes of limitation

 

 -

Balance at March 30, 2013

$

 -