XML 92 R5.htm IDEA: XBRL DOCUMENT v2.4.0.6
Consolidated Statements Of Cash Flows (USD $)
In Thousands, unless otherwise specified
12 Months Ended
Mar. 30, 2013
Mar. 31, 2012
Mar. 26, 2011
Cash flows from operating activities:      
Net income $ 136,598 $ 87,983 $ 203,503
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 13,562 9,972 8,145
Stock compensation expense 21,495 12,178 8,141
Deferred income taxes 60,600 (10,154) (120,045)
(Gain) loss on retirement or write-off of long-lived assets   23 (24)
Excess tax benefit related to the exercise of employee stock options (106)    
Other non-cash charges 4,792    
Net change in operating assets and liabilities:      
Accounts receivable, net (25,232) (5,055) (15,135)
Inventories (67,606) (15,418) (5,101)
Other assets 134 (9,783) (1,158)
Accounts payable 22,423 10,469 7,299
Accrued salaries and benefits 3,260 1,232 2,440
Deferred income (2,272) 384 356
Income taxes payable 263 (130) (80)
Other accrued liabilities (7,087) 1,494 (1,401)
Net cash provided by operating activities 160,824 83,195 86,940
Cash flows from investing activities:      
Proceeds from sale of available for sale marketable securities 127,336 181,282 202,753
Purchases of available for sale marketable securities (178,847) (127,852) (255,426)
Purchases of property, equipment and software (52,902) (35,948) (20,060)
Proceeds from sale of assets 22,220    
Investments in technology (3,009) (6,604) (1,527)
Decrease in restricted investments   5,786 69
Decrease (increase) in deposits and other assets 402 1,773 (58)
Net cash (used in) provided by investing activities (84,800) 18,437 (74,249)
Cash flows from financing activities:      
Repurchase and retirement of common stock (86,059) (76,782) (22,766)
Issuance of common stock, net of issuance costs 12,008 4,108 31,005
Repurchase of stock to satisfy employee tax withholding obligations (1,674)    
Excess tax benefit related to the exercise of employee stock options 106    
Net cash (used in) provided by financing activities (75,619) (72,674) 8,239
Net increase in cash and cash equivalents 405 28,958 20,930
Cash and cash equivalents at beginning of period 65,997 37,039 16,109
Cash and cash equivalents at end of period 66,402 65,997 37,039
Cash payments during the year for:      
Income taxes $ 5,125 $ 2,268 $ 784