Qorvo (QRVO) 10-Q 5 Aug 15 2016 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	3 Months Ended
	Jun. 27, 2015	Jul. 29, 2015
Document and Entity Information [Abstract]
Entity Registrant Name	Qorvo, Inc.
Entity Central Index Key	1,604,778
Document Type	10-Q
Document Period End Date	Jun. 27, 2015
Amendment Flag	false
Document Fiscal Year Focus	2,016
Document Fiscal Period Focus	Q1
Current Fiscal Year End Date	--04-02
Entity Filer Category	Large Accelerated Filer
Entity Common Stock, Shares Outstanding		149,530,863

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets (Unaudited) - USD ($) $ in Thousands	Jun. 27, 2015	Mar. 28, 2015
Current assets:
Cash and cash equivalents	$ 325,602	$ 299,814
Short-term investments (Note 6)	232,827	244,830
Accounts receivable, less allowance of $161 and $539 as of June 27, 2015 and March 28, 2015, respectively	408,074	353,830
Inventories (Note 3)	363,914	346,900
Prepaid expenses	53,005	52,169
Other receivables	24,968	25,816
Other current assets	24,927	26,538
Deferred tax assets (Note 5)	146,669	150,208
Total current assets	1,579,986	1,500,105
Property and equipment, net of accumulated depreciation of $644,052 at June 27, 2015 and $609,576 at March 28, 2015	940,070	883,371
Goodwill	2,136,773	2,140,586
Intangible assets, net of accumulated amortization of $392,143 at June 27, 2015 and $268,926 at March 28, 2015	2,184,013	2,307,229
Long-term investments (Note 6)	4,397	4,083
Other non-current assets	64,631	57,005
Total assets	6,909,870	6,892,379
Current liabilities:
Accounts payable	206,071	182,468
Accrued liabilities	128,583	131,871
Other current liabilities	842	10,971
Total current liabilities	335,496	325,310
Deferred tax liabilities (Note 5)	309,694	310,189
Other long-term liabilities	86,489	83,720
Total liabilities	731,679	719,219
Stockholders’ equity:
Preferred stock, $.0001 par value; 5,000 shares authorized; no shares issued and outstanding	0	0
Common stock, $.0001 par value; 405,000 shares authorized; 149,431 and 149,059 shares issued and outstanding at June 27, 2015 and March 28, 2015, respectively	6,588,201	6,584,247
Accumulated other comprehensive loss, net of tax	(1,083)	(124)
Accumulated deficit	(408,927)	(410,963)
Total stockholders’ equity	6,178,191	6,173,160
Total liabilities and stockholders’ equity	$ 6,909,870	$ 6,892,379

Condensed Consolidated Balance3

Condensed Consolidated Balance Sheets (Unaudited) (Parenthetical) - USD ($) $ in Thousands	Jun. 27, 2015	Mar. 28, 2015
Statement of Financial Position [Abstract]
Allowance for accounts receivable	$ 161	$ 539
Property and equipment, accumulated depreciation	664,052	609,576
Intangible assets, accumulated amortization	$ 392,143	$ 268,926
Preferred stock, par value	$ 0.0001	$ 0.0001
Preferred stock, shares authorized	5,000,000	5,000,000
Preferred stock, shares issued	0	0
Preferred stock, shares outstanding	0	0
Common stock, par value	$ 0.0001	$ 0.0001
Common stock, shares authorized	405,000,000	405,000,000
Common stock, shares issued	149,431,000	149,059,000
Common stock, shares outstanding	149,431,000	149,059,000

Condensed Consolidated Statemen

Condensed Consolidated Statements of Income (Unaudited) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended
	Jun. 27, 2015	Jun. 28, 2014
Income Statement [Abstract]
Revenue	$ 673,641	$ 316,321
Cost of goods sold	394,124	174,052
Gross profit	279,517	142,269
Operating expenses:
Research and development	117,210	44,586
Marketing and selling	109,645	18,890
General and administrative	36,083	19,065
Other operating expense (Note 9)	17,914	13,608
Total operating expenses	280,852	96,149
(Loss) income from operations	(1,335)	46,120
Interest expense	(548)	(474)
Interest income	392	35
Other income, net	4,119	384
Income before income taxes	2,628	46,065
Income tax expense (Note 5)	(592)	(7,418)
Net income	$ 2,036	$ 38,647
Net income per share (Note 2):
Basic (in dollars per share)	$ 0.01	$ 0.54
Diluted (in dollars per share)	$ 0.01	$ 0.52
Weighted average shares of common stock outstanding (Note 2):
Basic (in shares)	149,322	71,564
Diluted (in shares)	154,461	73,659

Condensed Consolidated Stateme5

Condensed Consolidated Statements of Comprehensive Income (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Jun. 27, 2015	Jun. 28, 2014
Statement of Comprehensive Income [Abstract]
Net income	$ 2,036	$ 38,647
Other comprehensive (loss) income:
Unrealized gain (loss) on marketable securities, net of tax	812	(1)
Foreign currency translation adjustment, including intra-entity foreign currency transactions that are of a long-term-investment nature	122	34
Reclassification adjustments, net of tax:
Realized gain on sale of marketable securities	1,928	0
Amortization of pension actuarial loss	35	7
Other comprehensive (loss) income	(959)	40
Total comprehensive income	$ 1,077	$ 38,687

Condensed Consolidated Stateme6

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Jun. 27, 2015	Jun. 28, 2014
Cash flows from operating activities:
Net income	$ 2,036	$ 38,647
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation	42,738	11,839
Amortization and other non-cash items	123,121	7,286
Excess tax benefit from exercises of stock options	0	(330)
Deferred income taxes	3,849	2,284
Foreign currency adjustments	76	(340)
Loss on assets and other, net	474	1,008
Realized gain on sale of marketable securities	(4,025)	0
Stock-based compensation expense	48,170	9,169
Changes in operating assets and liabilities:
Accounts receivable, net	(54,245)	(46,606)
Inventories	(21,606)	(17,304)
Prepaid expense and other current and non-current assets	(9,600)	(5,699)
Accounts payable and accrued liabilities	22,631	30,959
Income tax payable/recoverable	(5,630)	5,397
Other liabilities	(6,557)	(49)
Net cash provided by operating activities	141,432	36,261
Investing activities:
Purchase of property and equipment	(89,395)	(9,771)
Proceeds from sale of property and equipment	140	7,352
Purchase of securities available-for-sale	(86,145)	(89,060)
Proceeds from maturities of securities available-for-sale	100,263	62,068
Net cash used in investing activities	(75,137)	(29,411)
Financing activities:
Payment of debt	0	(87,503)
Debt issuance cost	(1,335)	0
Excess tax benefit from exercises of stock options	0	330
Proceeds from the issuance of common stock	18,386	10,627
Repurchase of common stock, including transaction costs	(50,009)	0
Tax withholding paid on behalf of employees for restricted stock units	(7,504)	(4,703)
Restricted cash associated with financing activities	(8)	45
Other financing	(3)	(17)
Net cash used in financing activities	(40,473)	(81,221)
Effect of exchange rate changes on cash	(34)	32
Net increase (decrease) in cash and cash equivalents	25,788	(74,339)
Cash and cash equivalents at the beginning of the period	299,814	171,898
Cash and cash equivalents at the end of the period	325,602	97,559
Capital expenditure adjustments included in liabilities	$ 6,599	$ 10,341

Basis of Presentation and Signi

Basis of Presentation and Significant Accounting Policies	3 Months Ended
	Jun. 27, 2015
Organization, Consolidation and Presentation of Financial Statements [Abstract]
BASIS OF PRESENTATION AND SIGNIFICANT ACCOUNTING POLICIES	BASIS OF PRESENTATION AND SIGNIFICANT ACCOUNTING POLICIES On February 22, 2014, RF Micro Devices, Inc. ("RFMD") and TriQuint Semiconductor, Inc. ("TriQuint") entered into an Agreement and Plan of Merger and Reorganization (as subsequently amended on July 15, 2014, the "Merger Agreement") providing for the business combination of RFMD and TriQuint ("Business Combination") under a new holding company named Qorvo, Inc. (formerly named Rocky Holding, Inc.) ("Qorvo"). The Business Combination closing was effective on January 1, 2015 (fourth quarter of fiscal 2015). For financial reporting and accounting purposes, RFMD was the acquirer of TriQuint. The results presented in the Condensed Consolidated Financial Statements, the Notes to the Condensed Consolidated Financial Statements and in the Management's Discussion and Analysis of Financial Condition and Results of Operations ("MD&A") reflect those of RFMD prior to the completion of the Business Combination with TriQuint on January 1, 2015 and those of Qorvo subsequent to the completion of the Business Combination. As used herein, all references to "the Company," "we," "us" and "our" prior to January 1, 2015 refer to RFMD and all such references on or after January 1, 2015 refer to Qorvo. The accompanying Condensed Consolidated Financial Statements have been prepared in conformity with accounting principles generally accepted in the United States. The preparation of these financial statements requires management to make estimates and assumptions, which could differ materially from actual results. In addition, certain information or footnote disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States have been condensed, or omitted, pursuant to the rules and regulations of the Securities and Exchange Commission (“SEC”). In the opinion of management, the financial statements include all adjustments (which are of a normal and recurring nature) necessary for the fair presentation of the results of the interim periods presented. These Condensed Consolidated Financial Statements should be read in conjunction with Qorvo’s audited consolidated financial statements and notes thereto included in Qorvo’s Annual Report on Form 10-K for the fiscal year ended March 28, 2015 . The Condensed Consolidated Financial Statements include the accounts of the Company and its wholly-owned subsidiaries. All significant intercompany accounts and transactions have been eliminated in consolidation. The Company uses a 52- or 53-week fiscal year ending on the Saturday closest to March 31 of each year. The first fiscal quarter of each year ends on the Saturday closest to June 30, the second fiscal quarter of each year ends on the Saturday closest to September 30 and the third fiscal quarter of each year ends on the Saturday closest to December 31. Fiscal 2016 is a 53-week year and fiscal 2015 was a 52-week year, however, the first quarters of both fiscal 2016 and fiscal 2015 included 13 weeks.

Net Income Per Share

Net Income Per Share	3 Months Ended
	Jun. 27, 2015
Earnings Per Share [Abstract]
NET INCOME PER SHARE	NET INCOME PER SHARE Pursuant to the terms of the Merger Agreement, effective January 1, 2015, the Company effected a one-for-four reverse stock split of the Company's issued and outstanding shares of common stock. All share and per share information contained in the accompanying Condensed Consolidated Financial Statements, Notes to the Condensed Consolidated Financial Statements and the MD&A have been retroactively adjusted to reflect the reverse stock split for all periods presented. The following table sets forth a reconciliation of the numerators and denominators in the computation of basic and diluted net income per share (in thousands, except per share data): Three Months Ended June 27, 2015 June 28, 2014 Numerator: Numerator for basic and diluted net income per share — net income available to common stockholders $ 2,036 $ 38,647 Denominator: Denominator for basic net income per share — weighted average shares 149,322 71,564 Effect of dilutive securities: Stock-based awards 5,139 2,095 Denominator for diluted net income per share — adjusted weighted average shares and assumed conversions 154,461 73,659 Basic net income per share $ 0.01 $ 0.54 Diluted net income per share $ 0.01 $ 0.52 In the computation of diluted net income per share for the three months ended June 27, 2015 and June 28, 2014 , outstanding stock options to purchase less than 0.1 million shares were excluded because the exercise price of the options was greater than the average market price of the underlying common stock and the effect of their inclusion would have been anti-dilutive. The computation of diluted net income per share for the three months ended June 28, 2014 does not assume the conversion of the Company’s previously issued $175 million initial aggregate principal amount of convertible subordinated notes (the "2014 Notes"). The 2014 Notes became due on April 15, 2014, and the remaining principal balance of $87.5 million was paid with cash on hand.

Inventories

Inventories	3 Months Ended
	Jun. 27, 2015
Inventory Disclosure [Abstract]
INVENTORIES	INVENTORIES Inventories are stated at the lower of cost or market determined using the average cost method. The components of inventories are as follows (in thousands): June 27, 2015 March 28, 2015 Raw materials $ 88,184 $ 71,863 Work in process 169,273 137,306 Finished goods 106,457 137,731 Total inventories $ 363,914 $ 346,900

Debt

Debt	3 Months Ended
	Jun. 27, 2015
Debt Disclosure [Abstract]
DEBT	DEBT Credit Agreement On April 7, 2015, the Company and certain material domestic subsidiaries of the Company (the “Guarantors”) entered into a five-year unsecured senior credit facility with Bank of America, N.A., as administrative agent (in such capacity, the “Administrative Agent”), swing line lender, and L/C issuer, and a syndicate of lenders (the “Credit Agreement”). The Credit Agreement includes a $300.0 million revolving credit facility, which includes a $25.0 million sublimit for the issuance of standby letters of credit and a $10.0 million sublimit for swingline loans. The Company may request, at any time and from time to time, that the revolving credit facility be increased by an amount not to exceed $150.0 million . The revolving credit facility is available to finance working capital, capital expenditures and other lawful corporate purposes. The Company’s obligations under the Credit Agreement are jointly and severally guaranteed by the Guarantors. The Company currently has no outstanding amounts under the Credit Agreement. At the Company’s option, loans under the Credit Agreement shall bear interest at (i) the Applicable Rate (as defined in the Credit Agreement) plus the Eurodollar Rate (as defined in the Credit Agreement) or (ii) the Applicable Rate plus a rate equal to the highest of (a) the federal funds rate plus 0.50% , (b) the prime rate of the Administrative Agent, or (c) the Eurodollar Rate plus 1.0% (the “Base Rate”). All swingline loans will bear interest at a rate equal to the Applicable Rate plus the Base Rate. The Eurodollar Rate is the rate per annum equal to the London Interbank Offered Rate, as published by Bloomberg, for dollar deposits for interest periods of one, two, three or six months, as selected by the Company. The Applicable Rate for Eurodollar Rate loans ranges from 1.50% per annum to 2.00% per annum. The Applicable Rate for Base Rate loans ranges from 0.50% per annum to 1.00% per annum. Interest for Eurodollar Rate loans shall be payable at the end of each applicable interest period or at three-month intervals, if such interest period exceeds three months. Interest for Base Rate loans shall be payable quarterly in arrears. The Company will pay a letter of credit fee equal to the Applicable Rate multiplied by the daily amount available to be drawn under any letter of credit, a fronting fee, and any customary documentary and processing charges for any letter of credit issued under the Credit Agreement. The Credit Agreement contains various conditions, covenants and representations with which the Company must be in compliance in order to borrow funds and to avoid an event of default, including financial covenants that the Company must maintain a consolidated leverage ratio not to exceed 2.50 to 1.0 as of the end of any fiscal quarter of the Company and a consolidated interest coverage ratio not to be less than 3.00 to 1.0 as of the end of any fiscal quarter of the Company. The Credit Agreement also contains customary events of default, and the occurrence of an event of default will increase the applicable rate of interest by 2.00% and could result in the termination of commitments under the revolving credit facility, the declaration that all outstanding loans are due and payable in whole or in part and the requirement of cash collateral deposits in respect of outstanding letters of credit. Outstanding amounts are due in full on the maturity date of April 7, 2020 (with amounts borrowed under the swingline option due in full no later than ten business days after such loan is made). Convertible Debt In April 2007, the Company issued $175 million aggregate principal amount of 1.00% convertible subordinated notes due 2014 These notes became due on April 15, 2014, and the remaining principal balance of $87.5 million plus interest of $0.4 million was paid with cash on hand.

Income Taxes

Income Taxes	3 Months Ended
	Jun. 27, 2015
Income Tax Disclosure [Abstract]
INCOME TAXES	INCOME TAXES Income Tax Expense The Company’s provision for income taxes for the three months ended June 27, 2015 and June 28, 2014 has been calculated by applying an estimate of the annual effective tax rate for the full fiscal year to “ordinary” income or loss (pre-tax income or loss excluding unusual or infrequently occurring discrete items) for the three months ended June 27, 2015 and June 28, 2014 . The Company’s income tax expense was $0.6 million for the three months ended June 27, 2015 and $7.4 million for the three months ended June 28, 2014 . The Company’s effective tax rate was 22.5% for the three months ended June 27, 2015 and 16.1% for the three months ended June 28, 2014 . The Company's effective tax rate for both the first quarter of fiscal 2016 and the first quarter of fiscal 2015 differed from the statutory rate primarily due to tax rate differences in foreign jurisdictions, state income taxes, domestic tax credits generated, adjustments to deferred tax assets and liabilities, adjustments to the valuation allowance limiting the recognition of the benefit of domestic deferred tax assets, changes in uncertain tax position exposure, and the domestic production activity deduction. Deferred Taxes The valuation allowance against net deferred tax assets has increased in the first quarter of fiscal 2016 by $1.4 million from the $13.8 million balance as of the end of fiscal 2015, with the change primarily arising from an increase in domestic deferred tax assets related to domestic state tax credits. A valuation allowance remained against certain domestic and foreign net deferred tax assets as it is more likely than not that the related deferred tax assets will not be realized. The Company has outstanding domestic federal and state tax net operating loss (“NOLs”) carry-forwards that expire in fiscal years 2016 to 2035 if unused. The use of the NOLs that were acquired in prior year acquisitions is subject to certain annual limitations under Internal Revenue Code Section 382 and similar state tax provisions. Uncertain Tax Positions The Company’s gross unrecognized tax benefits decreased from $59.4 million as of the end of fiscal 2015 to $58.9 million as of the end of the first quarter of fiscal 2016, with the change arising from a $0.2 million increase related to tax positions taken with respect to the current fiscal year and a $0.7 million decrease related to tax positions taken with respect to prior fiscal years.

Investments and Fair Value Meas

Investments and Fair Value Measurements	3 Months Ended
	Jun. 27, 2015
Investments and Fair Value Measurements [Abstract]
INVESTMENTS AND FAIR VALUE MEASUREMENTS	INVESTMENTS AND FAIR VALUE MEASUREMENTS Available-For-Sale The following is a summary of available-for-sale securities as of June 27, 2015 and March 28, 2015 (in thousands): Available-for-Sale Securities Cost Gross Unrealized Gains Gross Unrealized Losses Estimated Fair Value June 27, 2015 U.S. government/agency securities $ 205,667 $ 24 $ (6 ) $ 205,685 Auction rate securities 2,150 — (298 ) 1,852 Corporate debt 24,634 — (13 ) 24,621 Marketable equity securities 856 4,663 — 5,519 Money market funds 74,431 — — 74,431 $ 307,738 $ 4,687 $ (317 ) $ 312,108 March 28, 2015 U.S. government/agency securities $ 197,516 $ 8 $ (17 ) $ 197,507 Auction rate securities 2,150 — (400 ) 1,750 Corporate debt 43,164 — (17 ) 43,147 Marketable equity securities 1,594 6,581 — 8,175 Money market funds 48,961 — — 48,961 $ 293,385 $ 6,589 $ (434 ) $ 299,540 The estimated fair value of available-for-sale securities was based on the prevailing market values on June 27, 2015 and March 28, 2015 . We determine the cost of an investment sold based on the specific identification method. There were $4.0 million of gross realized gains and no gross realized losses recognized on available-for-sale securities for the three months ended June 27, 2015 . The gross realized gains and losses recognized on available-for-sale securities for the three months ended June 28, 2014 were insignificant. Unrealized losses on available-for-sale investments in a continuous unrealized loss position for fewer than 12 months as of June 27, 2015 and March 28, 2015 were insignificant. No available-for-sale investments were in a continuous unrealized loss position for 12 months or greater as of June 27, 2015 or as of March 28, 2015 . The aggregate amount of available-for-sale securities in an unrealized loss position at June 27, 2015 was $85.5 million with $0.3 million in unrealized losses. The aggregate amount of available-for-sale securities in an unrealized loss position at March 28, 2015 was $112.9 million with $0.4 million in unrealized losses. The amortized cost of available-for-sale investments in debt securities with contractual maturities is as follows (in thousands): June 27, 2015 March 28, 2015 Cost Estimated Fair Value Cost Estimated Fair Value Due in less than one year $ 304,732 $ 304,737 $ 289,641 $ 289,615 Due after ten years 2,150 1,852 2,150 1,750 Total investments in debt securities $ 306,882 $ 306,589 $ 291,791 $ 291,365 Fair Value Measurements On a quarterly basis, the Company measures the fair value of its marketable securities, which are comprised of U.S. government/agency securities, corporate debt, auction rate securities (ARS), marketable equity securities, and money market funds. Marketable securities are reported at fair value in cash and cash equivalents, short-term investments and long-term investments on the Company’s Condensed Consolidated Balance Sheet. The related unrealized gains and losses are included in "Accumulated other comprehensive income loss", a component of stockholders’ equity, net of tax. Recurring Fair Value Measurements The fair value of the financial assets measured at fair value on a recurring basis was determined using the following levels of inputs as of June 27, 2015 and March 28, 2015 (in thousands): Total Quoted Prices In Active Markets For Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) June 27, 2015 Assets: Available-for-sale securities U.S. government/agency securities $ 205,685 $ 205,685 $ — Auction rate securities (1) 1,852 — 1,852 Corporate debt (2) 24,621 — 24,621 Marketable equity securities 5,519 5,519 — Money market funds 74,431 74,431 — Total available-for-sale securities 312,108 285,635 26,473 Invested funds in deferred compensation plan (3) 4,863 4,863 — Total assets measured at fair value: $ 316,971 $ 290,498 $ 26,473 Liabilities: Invested funds in deferred compensation plan (3) 4,863 4,863 — Total liabilities measured at fair value: $ 4,863 $ 4,863 $ — March 28, 2015 Assets: Available-for-sale securities U.S. government/agency securities $ 197,507 $ 197,507 $ — Auction rate securities (1) 1,750 — 1,750 Corporate debt (2) 43,147 — 43,147 Marketable equity securities 8,175 8,175 — Money market funds 48,961 48,961 — Total available-for-sale securities 299,540 254,643 44,897 Invested funds in deferred compensation plan (3) 8,614 8,614 — Total assets measured at fair value: $ 308,154 $ 263,257 $ 44,897 Liabilities: Invested funds in deferred compensation plan (3) 8,614 8,614 — Total liabilities measured at fair value: $ 8,614 $ 8,614 $ — (1) ARS are debt instruments with interest rates that reset through periodic short-term auctions. The Company’s Level 2 ARS are valued based on quoted prices for identical or similar instruments in markets that are not active. (2) Corporate debt includes corporate bonds and commercial paper which are valued using observable market prices for identical securities that are traded in less active markets. (3) The non-qualified deferred compensation plan provides eligible employees and members of the Board of Directors with the opportunity to defer a specified percentage of their cash compensation. The Company includes the asset deferred by the participants in the “Other current assets” and “Other non-current assets” line items of its Condensed Consolidated Balance Sheets and the Company's obligation to deliver the deferred compensation in the "Other current liabilities" and “Other long-term liabilities” line items of its Condensed Consolidated Balance Sheets. Other Fair Value Disclosures The carrying values of cash and cash equivalents, accounts receivable, accounts payable and accrued liabilities approximate fair values because of the relatively short-term maturities of these instruments.

Recent Accounting Pronouncement

Recent Accounting Pronouncements	3 Months Ended
	Jun. 27, 2015
New Accounting Pronouncements and Changes in Accounting Principles [Abstract]
RECENT ACCOUNTING PRONOUNCEMENTS	RECENT ACCOUNTING PRONOUNCEMENTS In April 2015, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("ASU") 2015-03, "Interest - Imputation of Interest (Topic 835-30): Simplifying the Presentation of Debt Issuance Costs ("ASU 2015-03"). ASU 2015-03 requires debt issuance costs related to a recognized debt liability be presented in the balance sheet as a direct deduction from the related debt liability's carrying value, which is consistent with the presentation of debt discounts. The Company adopted the provisions of ASU 2015-03 in the first quarter of fiscal 2016 and the adoption of this standard is not expected to have a material impact on the Company's consolidated financial statements. Due to the absence of authoritative guidance within ASU 2015-03 for debt issuance costs related to revolving debt arrangements, the Company will continue to capitalize such costs as an asset and amortize them ratably over the term of the revolving debt arrangement. In May 2014, the FASB issued ASU 2014-09, "Revenue from Contracts with Customers" ("ASU 2014-09") that amends existing guidance on revenue recognition. The new guidance is based on principles that an entity will recognize revenue to depict the transfer of goods and services to customers at an amount the entity expects to be entitled to in exchange for those goods and services. The guidance requires additional disclosures regarding the nature, amount, timing, and uncertainty of cash flows and both qualitative and quantitative information about contracts with customers and applied significant judgments. In July 2015, the FASB deferred the effective date for the adoption of ASU 2014-09 by one year. Early adoption is permissible but not before its original effective date of annual reporting periods beginning after December 15, 2016. The new authoritative guidance will become effective for the Company in the first quarter of fiscal 2019, using one of two retrospective methods of adoption. The Company has not determined which method it will adopt and is evaluating the effects the new guidance will have on its consolidated financial statements.

Operating Segment Information

Operating Segment Information	3 Months Ended
	Jun. 27, 2015
Segment Reporting [Abstract]
OPERATING SEGMENT INFORMATION	OPERATING SEGMENT INFORMATION The Company’s operating segments as of June 27, 2015 are Mobile Products (MP) and Infrastructure and Defense Products (IDP). In the fourth quarter of fiscal 2015 , the Company renamed its reportable segments from Cellular Products Group (CPG) to MP, and Multi-Market Products Group (MPG) to IDP, as a result of the Business Combination. Additionally, the chief operating decision maker (CODM) elected to discontinue reporting Compound Semiconductor Group (CSG) as an operating segment. MP is a leading global supplier of radio frequency (RF) solutions that perform various functions in the cellular radio front end section of smartphones, tablets and other mobile devices. These RF solutions are required for devices that operate under 4G, Wi-Fi and other communications standards. These solutions include various discrete RF components and module configurations, including complete RF front end modules that combine high-performance filters, power amplifiers and switches into single placement solutions. IDP is a leading global supplier of a broad array of RF solutions to wireless network infrastructure, defense and aerospace markets and short-range connectivity applications for commercial, consumer, industrial and automotive markets. IDP’s solutions include high power gallium arsenide ("GaAs") and gallium nitride ("GaN") components and various multichip and hybrid assemblies. As of June 27, 2015 , MP and IDP are separate reportable segments based on the organizational structure and information reviewed by the Company's Chief Executive Officer, who is the Company's CODM, and are managed separately based on the end markets and applications they support. The CODM allocates resources and assesses the performance of each operating segment primarily based on non-GAAP operating income (loss) and non-GAAP operating income (loss) as a percentage of revenue. The “All other” category includes operating expenses such as stock-based compensation, amortization of purchased intangible assets, acquisition and integration related costs, intellectual property rights (IPR) litigation costs, restructuring and disposal costs, certain consulting costs, and other miscellaneous corporate overhead expenses that the Company does not allocate to its reportable segments because these expenses are not included in the segment operating performance measures evaluated by the Company’s CODM. The CODM does not evaluate operating segments using discrete asset information. The Company’s operating segments do not record inter-company revenue. The Company does not allocate gains and losses from equity investments, interest and other income, or taxes to operating segments. Except as discussed above regarding the “All other” category, the Company’s accounting policies for segment reporting are the same as for the Company as a whole. The following tables present details of the Company’s reportable segments and a reconciliation of the “All other” category (in thousands): Three Months Ended June 27, June 28, Net revenue: MP $ 550,886 $ 261,116 IDP 121,785 55,187 All other 970 18 Total net revenue $ 673,641 $ 316,321 (Loss) income from operations: MP $ 173,742 $ 69,616 IDP 14,073 10,871 All other (189,150 ) (34,367 ) (Loss) income from operations (1,335 ) 46,120 Interest expense (548 ) (474 ) Interest income 392 35 Other income, net 4,119 384 Income before income taxes $ 2,628 $ 46,065 Three Months Ended June 27, June 28, Reconciliation of “All other” category: Stock-based compensation expense $ (48,170 ) $ (9,169 ) Amortization of intangible assets (123,202 ) (6,966 ) Acquisition and integration related costs (10,415 ) (8,453 ) Restructuring and disposal costs (1,427 ) (1,315 ) IPR litigation costs (148 ) (6,014 ) Other expenses (including (loss) gain on property and equipment, start-up costs and certain consulting costs) (5,788 ) (2,450 ) Loss from operations for “All other” $ (189,150 ) $ (34,367 )

Business Acquisition

Business Acquisition	3 Months Ended
	Jun. 27, 2015
Business Combinations [Abstract]
BUSINESS ACQUISITION	BUSINESS ACQUISITION Effective January 1, 2015, pursuant to the Merger Agreement, RFMD and TriQuint completed a strategic combination of their respective businesses through the “merger of equals” Business Combination under a new holding company named Qorvo, Inc. As a result of the Business Combination, RFMD and TriQuint have combined complementary product portfolios, featuring power amplifiers (PAs), power management integrated circuits (PMICs), antenna control solutions, switch-based products and premium filters, to deliver a comprehensive portfolio of high-performance mobile solutions. It is expected that the Business Combination will continue to strengthen the combined company’s service to the infrastructure and defense/aerospace industries and enable advanced gallium nitride (GaN) solutions for additional markets and applications. It is also expected that customers will benefit from new scale advantages in manufacturing and research and development, as well as an aggressive roadmap of new products and technologies. The total estimated purchase price was approximately $5,254.4 million . The allocation of the purchase price reflected in the accompanying financial statements is preliminary and is based upon estimates and assumptions that are subject to change within the measurement period (up to one year from the acquisition date pursuant to ASC 805). The measurement period remains open pending the completion of procedures related to deferred taxes. The Business Combination resulted in the recognition of $470.0 million of in-process research and development (IPRD) of which $350.0 million relates to the MP operating segment and $120.0 million relates to the IDP operating segment. The IPRD encompasses a broad technology portfolio of product innovations in RF applications for MP and IDP. These technologies include a variety of semiconductor processes in GaAs and GaN for power and switching applications and surface acoustic wave (SAW) and bulk acoustic wave (BAW) structures for filter applications. Included in IPRD are continuous improvements in the process for design and manufacturing as well as innovation in fundamental research areas such as materials, simulation and modeling, circuit design, device packaging and test. As of June 27, 2015 , the IPRD for the MP operating segment was 58% complete with an estimated completion time of approximately 9 months and a remaining cost to complete of approximately $25.2 million . As of June 27, 2015 , the IPRD associated with the IDP operating segment was 77% complete with an estimated completion time of approximately 6 months and a remaining cost to complete of approximately $33.9 million . Upon completion of the development, acquired IPRD assets will be transferred to finite-lived intangible assets and amortized over their useful lives. During the first quarter of fiscal 2016, the Company incurred integration costs of approximately $10.4 million and restructuring costs of approximately $2.9 million (including stock-based compensation) associated with the Business Combination. During the first quarter of fiscal 2015, the Company incurred acquisition costs of $2.5 million and integration costs of $6.0 million associated with the Business Combination. The acquisition, integration and restructuring costs are being expensed as incurred and are presented in the Condensed Consolidated Statements of Income as "Other operating expense."

Subsequent Event

Subsequent Event	3 Months Ended
	Jun. 27, 2015
Subsequent Events [Abstract]
SUBSEQUENT EVENT	SUBSEQUENT EVENT On August 4, 2015, Qorvo's wholly-owned subsidiary TriQuint invested $25.0 million to acquire shares of Series F Preferred Stock of Cavendish Kinetics Limited, a private limited company incorporated in England and Wales (“Cavendish”). In connection with this investment, TriQuint, Cavendish and certain Cavendish shareholders and option holders entered into an agreement (the “Acquisition Agreement”) under which Cavendish and certain of its shareholders and option holders granted TriQuint the exclusive option and right, but not the obligation, to acquire the entire issued capital of Cavendish on the terms and conditions in the Acquisition Agreement. TriQuint may exercise the option at any time until the earlier of: (i) 60 days after Cavendish’s pre-production release of a specified product and (ii) June 30, 2017, unless earlier terminated in accordance with its terms. This option period may be extended until June 30, 2018 under certain conditions, including an additional investment in Cavendish by TriQuint of up to $25.0 million . The purchase price for Cavendish would be determined based upon a total valuation of Cavendish on a debt-free, cash-free basis, equal to $300.0 million , plus an amount equal to 4.5 times Cavendish’s annualized legacy product revenue (with a proportionate reduction to reflect TriQuint’s ownership in Cavendish at the time of purchase). The Acquisition Agreement contains customary representations, warranties, indemnities and covenants of the parties.

Basis of Presentation and Sig17

Basis of Presentation and Significant Accounting Policies (Policies)	3 Months Ended
	Jun. 27, 2015
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Income Tax Policy	The Company’s provision for income taxes for the three months ended June 27, 2015 and June 28, 2014 has been calculated by applying an estimate of the annual effective tax rate for the full fiscal year to “ordinary” income or loss (pre-tax income or loss excluding unusual or infrequently occurring discrete items) for the three months ended June 27, 2015 and June 28, 2014
Fair Value Measurements Policy	On a quarterly basis, the Company measures the fair value of its marketable securities, which are comprised of U.S. government/agency securities, corporate debt, auction rate securities (ARS), marketable equity securities, and money market funds. Marketable securities are reported at fair value in cash and cash equivalents, short-term investments and long-term investments on the Company’s Condensed Consolidated Balance Sheet. The related unrealized gains and losses are included in "Accumulated other comprehensive income loss", a component of stockholders’ equity, net of tax.
Operating Segment Policy	As of June 27, 2015 , MP and IDP are separate reportable segments based on the organizational structure and information reviewed by the Company's Chief Executive Officer, who is the Company's CODM, and are managed separately based on the end markets and applications they support. The CODM allocates resources and assesses the performance of each operating segment primarily based on non-GAAP operating income (loss) and non-GAAP operating income (loss) as a percentage of revenue.

Net Income Per Share (Tables)

Net Income Per Share (Tables)	3 Months Ended
	Jun. 27, 2015
Earnings Per Share [Abstract]
Reconciliation of the numerators and denominators in the computation of basic and diluted net income per share	The following table sets forth a reconciliation of the numerators and denominators in the computation of basic and diluted net income per share (in thousands, except per share data): Three Months Ended June 27, 2015 June 28, 2014 Numerator: Numerator for basic and diluted net income per share — net income available to common stockholders $ 2,036 $ 38,647 Denominator: Denominator for basic net income per share — weighted average shares 149,322 71,564 Effect of dilutive securities: Stock-based awards 5,139 2,095 Denominator for diluted net income per share — adjusted weighted average shares and assumed conversions 154,461 73,659 Basic net income per share $ 0.01 $ 0.54 Diluted net income per share $ 0.01 $ 0.52

Inventories (Tables)

Inventories (Tables)	3 Months Ended
	Jun. 27, 2015
Inventory Disclosure [Abstract]
Components of inventories	Inventories are stated at the lower of cost or market determined using the average cost method. The components of inventories are as follows (in thousands): June 27, 2015 March 28, 2015 Raw materials $ 88,184 $ 71,863 Work in process 169,273 137,306 Finished goods 106,457 137,731 Total inventories $ 363,914 $ 346,900

Investments and Fair Value Me20

Investments and Fair Value Measurements (Tables)	3 Months Ended
	Jun. 27, 2015
Investments and Fair Value Measurements [Abstract]
Available-for-sale securities	The following is a summary of available-for-sale securities as of June 27, 2015 and March 28, 2015 (in thousands): Available-for-Sale Securities Cost Gross Unrealized Gains Gross Unrealized Losses Estimated Fair Value June 27, 2015 U.S. government/agency securities $ 205,667 $ 24 $ (6 ) $ 205,685 Auction rate securities 2,150 — (298 ) 1,852 Corporate debt 24,634 — (13 ) 24,621 Marketable equity securities 856 4,663 — 5,519 Money market funds 74,431 — — 74,431 $ 307,738 $ 4,687 $ (317 ) $ 312,108 March 28, 2015 U.S. government/agency securities $ 197,516 $ 8 $ (17 ) $ 197,507 Auction rate securities 2,150 — (400 ) 1,750 Corporate debt 43,164 — (17 ) 43,147 Marketable equity securities 1,594 6,581 — 8,175 Money market funds 48,961 — — 48,961 $ 293,385 $ 6,589 $ (434 ) $ 299,540
Amortized cost of available-for-sale investments in debt securities with contractual maturities	The amortized cost of available-for-sale investments in debt securities with contractual maturities is as follows (in thousands): June 27, 2015 March 28, 2015 Cost Estimated Fair Value Cost Estimated Fair Value Due in less than one year $ 304,732 $ 304,737 $ 289,641 $ 289,615 Due after ten years 2,150 1,852 2,150 1,750 Total investments in debt securities $ 306,882 $ 306,589 $ 291,791 $ 291,365
Fair value of the financial assets measured at fair value on a recurring basis	The fair value of the financial assets measured at fair value on a recurring basis was determined using the following levels of inputs as of June 27, 2015 and March 28, 2015 (in thousands): Total Quoted Prices In Active Markets For Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) June 27, 2015 Assets: Available-for-sale securities U.S. government/agency securities $ 205,685 $ 205,685 $ — Auction rate securities (1) 1,852 — 1,852 Corporate debt (2) 24,621 — 24,621 Marketable equity securities 5,519 5,519 — Money market funds 74,431 74,431 — Total available-for-sale securities 312,108 285,635 26,473 Invested funds in deferred compensation plan (3) 4,863 4,863 — Total assets measured at fair value: $ 316,971 $ 290,498 $ 26,473 Liabilities: Invested funds in deferred compensation plan (3) 4,863 4,863 — Total liabilities measured at fair value: $ 4,863 $ 4,863 $ — March 28, 2015 Assets: Available-for-sale securities U.S. government/agency securities $ 197,507 $ 197,507 $ — Auction rate securities (1) 1,750 — 1,750 Corporate debt (2) 43,147 — 43,147 Marketable equity securities 8,175 8,175 — Money market funds 48,961 48,961 — Total available-for-sale securities 299,540 254,643 44,897 Invested funds in deferred compensation plan (3) 8,614 8,614 — Total assets measured at fair value: $ 308,154 $ 263,257 $ 44,897 Liabilities: Invested funds in deferred compensation plan (3) 8,614 8,614 — Total liabilities measured at fair value: $ 8,614 $ 8,614 $ —

Operating Segment Information (

Operating Segment Information (Tables)	3 Months Ended
	Jun. 27, 2015
Segment Reporting [Abstract]
Summary of details of reportable segments	The following tables present details of the Company’s reportable segments and a reconciliation of the “All other” category (in thousands): Three Months Ended June 27, June 28, Net revenue: MP $ 550,886 $ 261,116 IDP 121,785 55,187 All other 970 18 Total net revenue $ 673,641 $ 316,321 (Loss) income from operations: MP $ 173,742 $ 69,616 IDP 14,073 10,871 All other (189,150 ) (34,367 ) (Loss) income from operations (1,335 ) 46,120 Interest expense (548 ) (474 ) Interest income 392 35 Other income, net 4,119 384 Income before income taxes $ 2,628 $ 46,065
Summary of reconciliation of "All other" category	Three Months Ended June 27, June 28, Reconciliation of “All other” category: Stock-based compensation expense $ (48,170 ) $ (9,169 ) Amortization of intangible assets (123,202 ) (6,966 ) Acquisition and integration related costs (10,415 ) (8,453 ) Restructuring and disposal costs (1,427 ) (1,315 ) IPR litigation costs (148 ) (6,014 ) Other expenses (including (loss) gain on property and equipment, start-up costs and certain consulting costs) (5,788 ) (2,450 ) Loss from operations for “All other” $ (189,150 ) $ (34,367 )

Net Income Per Share (Details)

Net Income Per Share (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	Jan. 01, 2015	Jun. 27, 2015	Jun. 28, 2014
Earnings Per Share [Line Items]
One-for-four reverse stock split	one-for-four
Numerator:
Numerator for basic and diluted net income per share — net income available to common stockholders		$ 2,036	$ 38,647
Denominator:
Denominator for basic net income per share — weighted average shares		149,322	71,564
Effect of dilutive securities:
Stock-based awards		5,139	2,095
Denominator for diluted net income per share — adjusted weighted average shares and assumed conversions		154,461	73,659
Basic net income per share (in dollars per share)		$ 0.01	$ 0.54
Diluted net income per share (in dollars per share)		$ 0.01	$ 0.52

Net Income Per Share (Details T

Net Income Per Share (Details Textual) - USD ($) shares in Millions, $ in Millions	Apr. 15, 2014	Jun. 27, 2015	Jun. 28, 2014	Apr. 30, 2007
Net Income (Loss) Per Share (Textual)
Approximate number of shares excluded from the computation of diluted shares outstanding		0.1	0.1
Convertible Notes Due 2014 [Member]
Net Income (Loss) Per Share (Textual)
Initial aggregate principal amount of Notes issued				$ 175
Repayments of Convertible Debt	$ 87.5

Inventories (Details)

Inventories (Details) - USD ($) $ in Thousands	Jun. 27, 2015	Mar. 28, 2015
Components of inventories
Raw materials	$ 88,184	$ 71,863
Work in process	169,273	137,306
Finished goods	106,457	137,731
Total inventories	$ 363,914	$ 346,900

Debt (Details Textual)

Debt (Details Textual) $ in Millions	Apr. 15, 2014USD ($)	Jun. 27, 2015USD ($)	Apr. 07, 2015USD ($)	Apr. 30, 2007USD ($)
Convertible Notes Due 2014 [Member]
Debt Instrument [Line Items]
Repayments of Convertible Debt	$ 87.5
Interest Paid	$ 0.4
Debt Instrument, Face Amount				$ 175
Debt Instrument, Interest Rate, Stated Percentage				1.00%
Bank of America Syndicate [Member] | Credit Agreement [Member]
Debt Instrument [Line Items]
Line of Credit Facility, Maximum Consolidated Total Leverage Ratio Allowed		2.50
Line of Credit Facility, Minimum Consolidated Interest Coverage Ratio Required		3
Bank of America Syndicate [Member] | Revolving Credit Facility [Member] | Credit Agreement [Member]
Debt Instrument [Line Items]
Line of Credit Facility, Maximum Borrowing Capacity			$ 300
Line of Credit Facility, Maximum amount of increase that may be requested			150
Long-term Line of Credit		$ 0
Bank of America Syndicate [Member] | Standby Letters of Credit [Member] | Credit Agreement [Member]
Debt Instrument [Line Items]
Line of Credit Facility, Maximum Borrowing Capacity			25
Bank of America Syndicate [Member] | Swingline Loan [Member] | Credit Agreement [Member]
Debt Instrument [Line Items]
Line of Credit Facility, Maximum Borrowing Capacity			$ 10
Federal Funds Rate [Member] | Bank of America Syndicate [Member] | Credit Agreement [Member]
Debt Instrument [Line Items]
Debt Instrument, Basis Spread on Variable Rate		0.50%
Eurodollar [Member] | Bank of America Syndicate [Member] | Credit Agreement [Member]
Debt Instrument [Line Items]
Debt Instrument, Interest Rate, Stated Percentage Rate Range, Minimum		1.50%
Debt Instrument, Interest Rate, Stated Percentage Rate Range, Maximum		2.00%
Debt Instrument, Basis Spread on Variable Rate		1.00%
Base Rate [Member] | Bank of America Syndicate [Member] | Credit Agreement [Member]
Debt Instrument [Line Items]
Debt Instrument, Interest Rate, Stated Percentage Rate Range, Minimum		0.50%
Debt Instrument, Interest Rate, Stated Percentage Rate Range, Maximum		1.00%
Default rate [Member] | Bank of America Syndicate [Member] | Credit Agreement [Member]
Debt Instrument [Line Items]
Debt Instrument, Basis Spread on Variable Rate		2.00%

Income Taxes (Details)

Income Taxes (Details) - USD ($) $ in Thousands	3 Months Ended
	Jun. 27, 2015	Jun. 28, 2014	Mar. 28, 2015
Income Tax Disclosure [Abstract]
Income tax expense	$ 592	$ 7,418
Effective tax rate	22.50%	16.10%
Increase in valuation allowance against net deferred tax assets	$ 1,400
Valuation allowance against net deferred tax assets			$ 13,800
Gross unrecognized tax benefits	58,900		$ 59,400
Change in unrecognized tax benefits arising from increases related to current period tax positions	200
Unrecognized Tax Benefits, Decrease Resulting from Prior Period Tax Positions	$ 700

Investments and Fair Value Me27

Investments and Fair Value Measurements (Details) - USD ($) $ in Thousands	Jun. 27, 2015	Mar. 28, 2015
Available-for-Sale securities
Cost basis	$ 307,738	$ 293,385
Gross unrealized gains	4,687	6,589
Gross unrealized losses	(317)	(434)
Estimated fair value	312,108	299,540
U.S. government/agency securities [Member]
Available-for-Sale securities
Cost basis	205,667	197,516
Gross unrealized gains	24	8
Gross unrealized losses	(6)	(17)
Estimated fair value	205,685	197,507
Auction Rate Securities [Member]
Available-for-Sale securities
Cost basis	2,150	2,150
Gross unrealized losses	(298)	(400)
Estimated fair value	1,852	1,750
Corporate Debt Securities [Member]
Available-for-Sale securities
Cost basis	24,634	43,164
Gross unrealized losses	(13)	(17)
Estimated fair value	24,621	43,147
Marketable Equity Securities [Member]
Available-for-Sale securities
Cost basis	856	1,594
Gross unrealized gains	4,663	6,581
Gross unrealized losses	0	0
Estimated fair value	5,519	8,175
Money Market Funds [Member]
Available-for-Sale securities
Cost basis	74,431	48,961
Estimated fair value	$ 74,431	$ 48,961

Investments and Fair Value Me28

Investments and Fair Value Measurements (Details 1) - Debt Securities [Member] - USD ($) $ in Thousands	Jun. 27, 2015	Mar. 28, 2015
Schedule of Available-for-sale Securities [Line Items]
Cost of investments in debt securities due in less than one year	$ 304,732	$ 289,641
Cost of investments in debt securities due after ten years	2,150	2,150
Cost	306,882	291,791
Estimated fair value investments in debt securities due in less than one year	304,737	289,615
Estimated fair value of investments in debt securities due after ten years	1,852	1,750
Estimated fair value	$ 306,589	$ 291,365

Investments and Fair Value Me29

Investments and Fair Value Measurements (Details 2) - Recurring [Member] - USD ($) $ in Thousands		Jun. 27, 2015	Mar. 28, 2015
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Assets, Fair Value Disclosure, Recurring		$ 316,971	$ 308,154
Invested funds in deferred compensation plan	[1]	4,863	8,614
Total assets measured at fair value on a recurring basis		312,108	299,540
Invested funds in deferred compensation plan	[1]	4,863	8,614
Liabilities, Fair Value Disclosure, Recurring		4,863	8,614
Quoted Prices In Active Markets For Identical Assets (Level 1) [Member]
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Assets, Fair Value Disclosure, Recurring		290,498	263,257
Invested funds in deferred compensation plan	[1]	4,863	8,614
Total assets measured at fair value on a recurring basis		285,635	254,643
Invested funds in deferred compensation plan	[1]	4,863	8,614
Liabilities, Fair Value Disclosure, Recurring		4,863	8,614
Significant Other Observable Inputs (Level 2) [Member]
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Assets, Fair Value Disclosure, Recurring		26,473	44,897
Invested funds in deferred compensation plan	[1]	0	0
Total assets measured at fair value on a recurring basis		26,473	44,897
Invested funds in deferred compensation plan	[1]	0	0
Liabilities, Fair Value Disclosure, Recurring		0	0
U.S. government/agency securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Total assets measured at fair value on a recurring basis		205,685	197,507
U.S. government/agency securities [Member] | Quoted Prices In Active Markets For Identical Assets (Level 1) [Member]
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Total assets measured at fair value on a recurring basis		205,685	197,507
Auction Rate Securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Total assets measured at fair value on a recurring basis	[2]	1,852	1,750
Auction Rate Securities [Member] | Significant Other Observable Inputs (Level 2) [Member]
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Total assets measured at fair value on a recurring basis	[2]	1,852	1,750
Corporate Debt Securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Total assets measured at fair value on a recurring basis	[3]	24,621	43,147
Corporate Debt Securities [Member] | Significant Other Observable Inputs (Level 2) [Member]
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Total assets measured at fair value on a recurring basis	[3]	24,621	43,147
Marketable Equity Securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Total assets measured at fair value on a recurring basis		5,519	8,175
Marketable Equity Securities [Member] | Quoted Prices In Active Markets For Identical Assets (Level 1) [Member]
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Total assets measured at fair value on a recurring basis		5,519	8,175
Marketable Equity Securities [Member] | Significant Other Observable Inputs (Level 2) [Member]
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Total assets measured at fair value on a recurring basis		0
Money Market Funds [Member]
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Total assets measured at fair value on a recurring basis		74,431	48,961
Money Market Funds [Member] | Quoted Prices In Active Markets For Identical Assets (Level 1) [Member]
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Total assets measured at fair value on a recurring basis		$ 74,431	48,961
Money Market Funds [Member] | Significant Other Observable Inputs (Level 2) [Member]
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Total assets measured at fair value on a recurring basis			$ 0
[1]	The non-qualified deferred compensation plan provides eligible employees and members of the Board of Directors with the opportunity to defer a specified percentage of their cash compensation. The Company includes the asset deferred by the participants in the “Other current assets” and “Other non-current assets” line items of its Condensed Consolidated Balance Sheets and the Company's obligation to deliver the deferred compensation in the "Other current liabilities" and “Other long-term liabilities” line items of its Condensed Consolidated Balance Sheets.
[2]	ARS are debt instruments with interest rates that reset through periodic short-term auctions. The Company’s Level 2 ARS are valued based on quoted prices for identical or similar instruments in markets that are not active.
[3]	Corporate debt includes corporate bonds and commercial paper which are valued using observable market prices for identical securities that are traded in less active markets.

Investments and Fair Value Me30

Investments and Fair Value Measurements (Details Textual) - USD ($)	3 Months Ended
	Jun. 27, 2015	Mar. 28, 2015
Schedule of Available-for-sale Securities [Line Items]
Available-for-sale Securities, Gross Realized Gains	$ 4,000,000
Available-for-sale Securities, Gross Realized Losses	0
Investments and Fair Value Measurements (Textual)
Available-for-sale Securities, Continuous Unrealized Loss Position, Twelve Months or Longer, Fair Value	0	$ 0
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value	85,500,000	112,900,000
Available-for-sale Securities, Continuous Unrealized Loss Position, Accumulated Loss	$ 300,000	$ 400,000

Operating Segment Information31

Operating Segment Information (Details) - USD ($) $ in Thousands	3 Months Ended
	Jun. 27, 2015	Jun. 28, 2014
Net revenue:
Net revenue	$ 673,641	$ 316,321
Income (loss) from operations:
Income (loss) from operations	(1,335)	46,120
Interest expense	(548)	(474)
Interest income	392	35
Other income, net	4,119	384
Income before income taxes	2,628	46,065
Operating Segments | MP
Net revenue:
Net revenue	550,886	261,116
Income (loss) from operations:
Income (loss) from operations	173,742	69,616
Operating Segments | IDP
Net revenue:
Net revenue	121,785	55,187
Income (loss) from operations:
Income (loss) from operations	14,073	10,871
All other
Net revenue:
Net revenue	970	18
Income (loss) from operations:
Income (loss) from operations	$ (189,150)	$ (34,367)

Operating Segment Information32

Operating Segment Information (Details 1) - USD ($) $ in Thousands	3 Months Ended
	Jun. 27, 2015	Jun. 28, 2014
Reconciliation of "All other" category:
Stock-based compensation expense	$ (48,170)	$ (9,169)
(Loss) income from operations	(1,335)	46,120
All other
Reconciliation of "All other" category:
Stock-based compensation expense	(48,170)	(9,169)
Amortization of intangible assets	(123,202)	(6,966)
Acquisition and integration related costs	(10,415)	(8,453)
Restructuring and disposal costs	(1,427)	(1,315)
IPR litigation costs	(148)	(6,014)
Other expenses (including (loss) gain on property and equipment, start-up costs and certain consulting costs)	(5,788)	(2,450)
(Loss) income from operations	$ (189,150)	$ (34,367)

Business Acquisition (Details)

Business Acquisition (Details) - USD ($) $ in Millions	Jan. 01, 2015	Jun. 27, 2015	Jun. 28, 2014
Business Acquisition [Line Items]
One-for-four reverse stock split	one-for-four
Restructuring costs (including stock-based compensation)		$ 2.9
Integration-related costs		$ 10.4
TriQuint Merger [Member]
Business Acquisition [Line Items]
Purchase price	$ 5,254.4
Acquisition-related costs			$ 2.5
Integration-related costs			$ 6
Payments to Acquire in Process Research and Development	470
MP | TriQuint Merger [Member]
Business Acquisition [Line Items]
Payments to Acquire in Process Research and Development	350
IDP | TriQuint Merger [Member]
Business Acquisition [Line Items]
Payments to Acquire in Process Research and Development	$ 120
In Process Research and Development [Member] | MP
Business Acquisition [Line Items]
Acquired in-process research and development percentage complete		58.00%
In-process research and development completion period		9 months
Remaining research and development costs		$ 25.2
In Process Research and Development [Member] | IDP
Business Acquisition [Line Items]
Acquired in-process research and development percentage complete		77.00%
In-process research and development completion period		6 months
Remaining research and development costs		$ 33.9

Subsequent Event Subsequent Eve

Subsequent Event Subsequent Event (Details) - Cavendish [Member] - Subsequent Event [Member] $ in Millions	Jul. 31, 2015	Aug. 04, 2015USD ($)
Subsequent Event [Line Items]
Equity Method Investments		$ 25
Potential Additional Equity Investment		25
Total Enterprise Value		$ 300
Legacy product revenue multiple	4.5