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Summary of Significant Accounting Policies (Tables)
12 Months Ended
Mar. 25, 2017
Summary of Significant Accounting Policies [Abstract]  
Schedule of Inventories



 

 

 

 

 



 

 

 

 

 



March 25,

 

March 26,



2017

 

2016

Work in process

$

83,332 

 

$

67,827 

Finished goods

 

84,563 

 

 

74,188 



$

167,895 

 

$

142,015 



Components of Property, Plant and Equipment



 

 

 

 

 



 

 

 

 

 



March 25,

 

March 26,



2017

 

2016

Land

$

26,379 

 

$

26,379 

Buildings

 

74,266 

 

 

73,513 

Furniture and fixtures

 

14,231 

 

 

13,226 

Leasehold improvements

 

4,355 

 

 

2,637 

Machinery and equipment

 

123,054 

 

 

105,880 

Capitalized software

 

24,839 

 

 

25,127 

Construction in progress

 

22,972 

 

 

5,411 

Total property, plant and equipment

 

290,096 

 

 

252,173 

Less: Accumulated depreciation and amortization

 

(121,957)

 

 

(89,517)

Property, plant and equipment, net

$

168,139 

 

$

162,656 



Schedule of Earnings Per Share, Basic and Diluted



 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 



Fiscal Years Ended



March 25,

 

March 26,

 

March 28,



2017

 

2016

 

2015

Numerator:

 

 

 

 

 

 

 

 

Net income

$

261,209 

 

$

123,630 

 

$

55,178 

Denominator:

 

 

 

 

 

 

 

 

Weighted average shares outstanding

 

63,329 

 

 

63,197 

 

 

62,503 

Effect of dilutive securities

 

3,232 

 

 

2,796 

 

 

2,732 

Weighted average diluted shares

 

66,561 

 

 

65,993 

 

 

65,235 

Basic earnings per share

$

4.12 

 

$

1.96 

 

$

0.88 

Diluted earnings per share

$

3.92 

 

$

1.87 

 

$

0.85 



Schedule of ASU 2016-09 Early Adoption Impact



 

 

 

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

 

 

 

 



 

Three Months Ended

 

 

Six Months Ended



 

June 25, 2016

 

September 24, 2016

 

 

September 24, 2016



 

As reported

 

As adjusted

 

As reported

 

As adjusted

 

 

As reported

 

As adjusted



 

(in thousands, except per share data)

Consolidated Condensed Statements of Income:

 

 

 

 

 

 

 

 

 

 

 

 

 

Income tax expense

$

5,805 

$

3,598 

$

24,608 

$

16,634 

 

$

30,413 

$

20,232 

Net income

$

15,864 

$

18,071 

$

78,065 

$

86,039 

 

$

93,929 

$

104,110 

Basic net income per share

$

0.25 

$

0.29 

$

1.24 

$

1.37 

 

$

1.50 

$

1.66 

Diluted net income per share

$

0.24 

$

0.27 

$

1.19 

$

1.30 

 

$

1.43 

$

1.58 

Weighted average shares used in diluted net income per share computation

 

65,232 

 

65,723 

 

65,717 

 

66,410 

 

 

65,521 

 

66,101 



 

 

 

 

 

 

 

 

 

 

 

 

 

Consolidated Condensed Statements of Cash Flows:

 

 

 

 

 

 

 

 

 

 

 

 

 

Net cash provided by operating activities

$

12,226 

$

12,756 

$

19,990 

$

24,091 

 

$

32,216 

$

36,847 

Net cash used in financing activities

$

(13,140)

$

(13,670)

$

(13,859)

$

(17,960)

 

$

(26,999)

$

(31,630)