Income Taxes (Tables)

12 Months Ended

Mar. 29, 2013

Summary of Provision for Income Taxes

The provision for income taxes includes the following:

	Fiscal Years Ended
	March 29, 2013			March 30, 2012			April 1, 2011
	(In thousands)
Current tax (benefit) provision
Federal	$	(166	)	$	(4,761	)	$	433
State		2			(482	)		3,178
Foreign		(64	)		(45	)		222
		(228	)		(5,288	)		3,833
Deferred tax (benefit) provision
Federal		(36,042	)		(1,519	)		3,704
State		(12,657	)		(6,334	)		(7,064	)
Foreign		(1,127	)		(510	)		(475	)
		(49,826	)		(8,363	)		(3,835	)
Total benefit from income taxes	$	(50,054	)	$	(13,651	)	$	(2	)

Components of Net Deferred Tax Assets

Significant components of the Company’s net deferred tax assets are as follows:

	As of
	March 29, 2013			March 30, 2012
	(In thousands)
Deferred tax assets:
Net operating loss carryforwards	$	240,402		$	163,548
Tax credit carryforwards		82,910			64,013
Warranty reserve		5,325			4,482
Accrued compensation		5,846			5,547
Deferred rent		3,618			3,390
Inventory reserve		7,578			6,069
Stock-based compensation		8,214			9,793
Contract accounting		3,018			768
Other		7,775			8,027
Valuation allowance		(15,965	)		(14,695	)
Total deferred tax assets		348,721			250,942
Deferred tax liabilities:
Property, equipment and satellites and intangible assets		(227,965	)		(180,096	)
Total deferred tax liabilities		(227,965	)		(180,096	)
Net deferred tax assets	$	120,756		$	70,846

Reconciliation of Provision for Income Taxes to Amount Computed by Applying Statutory Federal Income Tax Rate to Income Before Income Taxes

A reconciliation of the provision for income taxes to the amount computed by applying the statutory federal income tax rate to income before income taxes is as follows:

	Fiscal Years Ended
	March 29, 2013			March 30, 2012			April 1, 2011
	(In thousands)
Tax (benefit) expense at federal statutory rate	$	(31,737	)	$	(2,128	)	$	12,749
State tax provision, net of federal benefit		(3,124	)		112			1,375
Tax credits, net of valuation allowance		(17,249	)		(12,973	)		(15,615	)
Manufacturing deduction		—			176			—
Non-deductible transaction costs		—			—			30
Non-deductible compensation		1,305			700			1,054
Non-deductible meals and entertainment		448			447			328
Other		303			15			77
Total (benefit from) provision for income taxes	$	(50,054	)	$	(13,651	)	$	(2	)

Summary of Activity Related to Unrecognized Tax Benefits

The following table summarizes the activity related to the Company’s unrecognized tax benefits:

	As of
	March 29, 2013			March 30, 2012			April 1, 2011
	(In thousands)
Balance, beginning of fiscal year	$	33,556		$	33,015		$	31,759
Increase related to prior year tax positions		16			819			1,819
Increases related to current year tax positions		4,608			3,148			4,740
Statute expirations		(3,489	)		(3,426	)		(5,303	)
Settlements		(200	)		—			—
Balance, end of fiscal year	$	34,491		$	33,556		$	33,015