Qorvo (QRVO) 10-Q 5 Aug 16 2017 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	3 Months Ended
	Jul. 02, 2016	Jul. 27, 2016
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	Jul. 2, 2016
Amendment Flag	false
Document Fiscal Year Focus	2,017
Document Fiscal Period Focus	Q1
Current Fiscal Year End Date	--04-01
Entity Filer Category	Large Accelerated Filer
Entity Common Stock, Shares Outstanding		127,896,371

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets (Unaudited) - USD ($) $ in Thousands	Jul. 02, 2016	Apr. 02, 2016
Current assets:
Cash and cash equivalents (Note 7)	$ 433,034	$ 425,881
Short-term investments (Note 7)	13,873	186,808
Accounts receivable, less allowance of $171 and $143 as of July 2, 2016 and April 2, 2016, respectively	400,679	316,356
Inventories (Note 3)	455,771	427,551
Prepaid expenses	68,329	63,850
Other receivables	69,871	47,380
Other current assets	43,863	41,384
Total current assets	1,485,420	1,509,210
Property and equipment, net of accumulated depreciation of $779,610 at July 2, 2016 and $751,898 at April 2, 2016	1,160,953	1,046,888
Goodwill (Note 4)	2,174,639	2,135,697
Intangible assets, net of accumulated amortization of $882,291 at July 2, 2016 and $763,640 at April 2, 2016 (Note 4)	1,775,937	1,812,515
Long-term investments (Note 7)	26,000	26,050
Other non-current assets	65,038	66,459
Total assets	6,687,987	6,596,819
Current liabilities:
Accounts payable	263,478	205,364
Accrued liabilities	142,509	137,889
Other current liabilities	14,346	30,548
Total current liabilities	420,333	373,801
Long-term debt (Note 5)	988,372	988,130
Deferred tax liabilities (Note 6)	163,644	152,160
Other long-term liabilities	82,062	83,056
Total liabilities	1,654,411	1,597,147
Stockholders’ equity:
Preferred stock, $.0001 par value; 5,000 shares authorized; no shares issued and outstanding	0	0
Common stock and additional paid-in capital, $.0001 par value; 405,000 shares authorized; 127,817 and 127,386 shares issued and outstanding at July 2, 2016 and April 2, 2016, respectively	5,483,200	5,442,613
Accumulated other comprehensive loss, net of tax	(4,141)	(3,133)
Accumulated deficit	(445,483)	(439,808)
Total stockholders’ equity	5,033,576	4,999,672
Total liabilities and stockholders’ equity	$ 6,687,987	$ 6,596,819

Condensed Consolidated Balance3

Condensed Consolidated Balance Sheets (Unaudited) (Parenthetical) - USD ($) $ in Thousands	Jul. 02, 2016	Apr. 02, 2016
Statement of Financial Position [Abstract]
Allowance for accounts receivable	$ 171	$ 143
Property and equipment, accumulated depreciation	779,610	751,898
Intangible assets, accumulated amortization	$ 882,291	$ 763,640
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	127,817,000	127,386,000
Common stock, shares outstanding	127,817,000	127,386,000

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations (Unaudited) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended
	Jul. 02, 2016	Jun. 27, 2015
Income Statement [Abstract]
Revenue	$ 698,537	$ 673,641
Cost of goods sold	422,062	394,124
Gross profit	276,475	279,517
Operating expenses:
Research and development	117,137	117,210
Marketing and selling	109,036	109,645
General and administrative	34,559	36,083
Other operating expense	10,002	17,914
Total operating expenses	270,734	280,852
Income (loss) from operations	5,741	(1,335)
Interest expense (Note 5)	(15,187)	(548)
Interest income	278	392
Other (expense) income	(500)	4,119
(Loss) income before income taxes	(9,668)	2,628
Income tax benefit (expense) (Note 6)	3,993	(592)
Net (loss) income	$ (5,675)	$ 2,036
Net (loss) income per share (Note 2):
Basic	$ (0.04)	$ 0.01
Diluted	$ (0.04)	$ 0.01
Weighted average shares of common stock outstanding (Note 2):
Basic	127,541	149,322
Diluted	127,541	154,461

Condensed Consolidated Stateme5

Condensed Consolidated Statements of Comprehensive Income (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Jul. 02, 2016	Jun. 27, 2015
Statement of Comprehensive Income [Abstract]
Net (loss) income	$ (5,675)	$ 2,036
Other comprehensive (loss) income:
Unrealized gain on marketable securities, net of tax	72	812
Foreign currency translation adjustment, including intra-entity foreign currency transactions that are of a long-term-investment nature	(1,111)	122
Reclassification adjustments, net of tax:
Recognized gain on marketable securities	0	(1,928)
Amortization of pension actuarial loss	31	35
Other comprehensive loss	(1,008)	(959)
Total comprehensive (loss) income	$ (6,683)	$ 1,077

Condensed Consolidated Stateme6

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Jul. 02, 2016	Jun. 27, 2015
Cash flows from operating activities:
Net (loss) income	$ (5,675)	$ 2,036
Adjustments to reconcile net (loss) income to net cash provided by operating activities:
Depreciation	46,352	42,738
Amortization and other non-cash items	119,735	123,121
Deferred income taxes	2,509	3,849
Foreign currency adjustments	(1,645)	76
Loss (income) on investments and other assets, net	(168)	3,551
Stock-based compensation expense	30,594	48,170
Changes in operating assets and liabilities:
Accounts receivable, net	(79,501)	(54,245)
Inventories	(30,270)	(21,606)
Prepaid expenses and other current and non-current assets	(28,578)	(9,600)
Accounts payable and accrued liabilities	23,010	22,631
Income tax (recoverable) / payable	(17,459)	(5,630)
Other liabilities	149	(6,557)
Net cash provided by operating activities	59,389	141,432
Investing activities:
Purchase of property and equipment	(130,440)	(89,395)
Purchase of a business (Note 4)	117,498	0
Proceeds from sale of property and equipment	17	140
Purchase of available-for-sale securities	0	(86,145)
Proceeds from maturities and sales of available-for-sale securities	172,920	100,263
Net cash used in investing activities	(75,001)	(75,137)
Financing activities:
Debt issuance costs	(2)	(1,335)
Proceeds from the issuance of common stock	25,962	18,386
Repurchase of common stock, including transaction costs	0	(50,009)
Tax withholding paid on behalf of employees for restricted stock units	(2,810)	(7,504)
Restricted cash associated with financing activities	4	(8)
Other financing	0	(3)
Net cash provided by (used in) financing activities	23,154	(40,473)
Effect of exchange rate changes on cash	(389)	(34)
Net increase in cash and cash equivalents	7,153	25,788
Cash and cash equivalents at the beginning of the period	425,881	299,814
Cash and cash equivalents at the end of the period	433,034	325,602
Capital expenditure adjustments included in liabilities	$ 29,885	$ 6,599

Basis of Presentation and Signi

Basis of Presentation and Significant Accounting Policies	3 Months Ended
	Jul. 02, 2016
Organization, Consolidation and Presentation of Financial Statements [Abstract]
BASIS OF PRESENTATION AND SIGNIFICANT ACCOUNTING POLICIES	BASIS OF PRESENTATION AND SIGNIFICANT ACCOUNTING POLICIES The accompanying Condensed Consolidated Financial Statements of Qorvo, Inc. and Subsidiaries (together, the "Company" or "Qorvo") 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 the Company's audited consolidated financial statements and notes thereto included in Qorvo’s Annual Report on Form 10-K for the fiscal year ended April 2, 2016 . On February 22, 2014, RF Micro Devices, Inc. (“RFMD”) entered into an Agreement and Plan of Merger and Reorganization as subsequently amended on July 15, 2014 (the "Merger Agreement"), with TriQuint Semiconductor, Inc. ("TriQuint") providing for the combination of RFMD and TriQuint in a merger of equals (the "Business Combination") under a new holding company named Qorvo, Inc. The transactions contemplated by the Merger Agreement were consummated on January 1, 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 2017 is a 52-week year and fiscal 2016 was a 53-week year, however, the first quarters of both fiscal years 2017 and 2016 included 13 weeks.

Net (Loss) Income Per Share

Net (Loss) Income Per Share	3 Months Ended
	Jul. 02, 2016
Earnings Per Share [Abstract]
NET INCOME PER SHARE	NET (LOSS) INCOME PER SHARE The following table sets forth the computation of basic and diluted net (loss) income per share (in thousands, except per share data): Three Months Ended July 2, 2016 June 27, 2015 Numerator: Numerator for basic and diluted net (loss) income per share — net (loss) income available to common stockholders $ (5,675 ) $ 2,036 Denominator: Denominator for basic net (loss) income per share — weighted average shares 127,541 149,322 Effect of dilutive securities: Stock-based awards — 5,139 Denominator for diluted net (loss) income per share — adjusted weighted average shares and assumed conversions 127,541 154,461 Basic net (loss) income per share $ (0.04 ) $ 0.01 Diluted net (loss) income per share $ (0.04 ) $ 0.01 In the computation of diluted net loss per share for the three months ended July 2, 2016 , approximately 5.1 million outstanding shares were excluded because the effect of their inclusion would have been anti-dilutive. In the computation of diluted net income per share for the three months ended June 27, 2015 , 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.

Inventories

Inventories	3 Months Ended
	Jul. 02, 2016
Inventory Disclosure [Abstract]
INVENTORIES	INVENTORIES Inventories are stated at the lower of cost or market based on standard costs which approximates actual average costs. The components of inventories, net of reserves, are as follows (in thousands): July 2, 2016 April 2, 2016 Raw materials $ 102,910 $ 89,928 Work in process 241,276 228,626 Finished goods 111,585 108,997 Total inventories $ 455,771 $ 427,551

Goodwill and Intangible Assets

Goodwill and Intangible Assets (Notes)	3 Months Ended
	Jul. 02, 2016
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill and Intangible Assets Disclosure [Text Block]	GOODWILL AND INTANGIBLE ASSETS The changes in the carrying amount of goodwill for the three months ended July 2, 2016 are as follows (in thousands): Mobile Products Infrastructure and Defense Products Total Balance as of April 2, 2016 $ 1,751,503 $ 384,194 $ 2,135,697 Goodwill resulting from GreenPeak — 39,124 39,124 Translation — (182 ) (182 ) Balance at July 2, 2016 $ 1,751,503 $ 423,136 $ 2,174,639 On April 29, 2016, the Company completed the acquisition of GreenPeak Technologies ("GreenPeak"), a leader in ultra-low power, short range radio frequency ("RF") communication technology for a purchase price of $118.7 million . The acquisition expanded the Company's customer offering to include highly integrated RF solutions and systems-on-a-chip ("SoCs") for the connected home and the rapidly growing Internet of Things ("IoT"). The acquisition resulted in initial goodwill of $39.1 million and an increase in intangible assets of $82.1 million . The more significant intangibles assets acquired included developed technology of $74.2 million (being amortized over 7 years) and customer relationships of $5.6 million (being amortized over 3 years). The following summarizes information regarding the gross carrying amounts and accumulated amortization of intangibles assets (in thousands): July 2, 2016 April 2, 2016 Gross Accumulated Gross Accumulated Intangible Assets: In-process research and development $ 267,000 N/A $ 267,000 N/A Technology licenses 13,346 11,172 12,446 11,021 Customer relationships 1,272,725 447,072 1,267,103 377,357 Developed technology 989,335 323,989 915,163 277,736 Wafer supply agreement 20,443 20,443 20,443 20,443 Trade names 29,353 14,529 29,000 12,083 Backlog 65,000 65,000 65,000 65,000 Non-compete agreement 1,026 86 — — Total $ 2,658,228 $ 882,291 $ 2,576,155 $ 763,640 Total intangible assets amortization expense was $119.4 million for the three months ended July 2, 2016 and $123.2 million for the three months ended June 27, 2015 . The following table provides the Company's estimated amortization expense for intangible assets based on current amortization periods for the periods indicated (in thousands): Fiscal Year Estimated 2017 $ 505,502 2018 542,634 2019 455,402 2020 206,986 2021 144,066

Debt

Debt	3 Months Ended
	Jul. 02, 2016
Debt Disclosure [Abstract]
DEBT	DEBT Debt at July 2, 2016 and April 2, 2016 is as follows (in thousands): July 2, 2016 April 2, 2016 6.75% Senior Notes due 2023 $ 450,000 $ 450,000 7.00% Senior Notes due 2025 550,000 550,000 Less unamortized issuance costs (11,628 ) (11,870 ) Total long-term debt $ 988,372 $ 988,130 Senior Notes On November 19, 2015, the Company completed an offering of $450.0 million aggregate principal amount of its 6.75% senior notes due December 1, 2023 (the “2023 Notes”) and $550.0 million aggregate principal amount of its 7.00% senior notes due December 1, 2025 (the “2025 Notes” and, together with the 2023 Notes, the “Notes”). The Notes were sold in the United States to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”), and outside the United States pursuant to Regulation S under the Securities Act. The carrying value of issuance costs related to the Notes is $11.6 million as of July 2, 2016 and $11.9 million as of April 2, 2016 , and is presented on the Condensed Consolidated Balance Sheet as a direct deduction of Long-term debt. The Notes were issued pursuant to an indenture, dated as of November 19, 2015 (the “Indenture”), by and among the Company, the Company’s domestic subsidiaries that guarantee the Company’s obligations under its revolving credit facility, as guarantors (the “Guarantors”), and MUFG Union Bank, N.A., as trustee. The Company has used and intends to continue to use the net proceeds of the offering of the Notes for general corporate purposes, including share repurchases and merger and acquisition activity. Interest is payable on the 2023 Notes at a rate of 6.75% per annum and on the 2025 Notes at a rate of 7.00% per annum. During the three months ended July 2, 2016 , the Company recognized $17.5 million of interest expense related to the Notes which was offset by $3.0 million of interest capitalized to property and equipment. Interest on both series of Notes is payable semi-annually on June 1 and December 1 of each year, and commenced on June 1, 2016. Interest paid on the Notes during the three months ended July 2, 2016 was $36.7 million . At any time prior to December 1, 2018, the Company may redeem all or part of the 2023 Notes, at a redemption price equal to their principal amount, plus a “make whole” premium as of the redemption date, and accrued and unpaid interest. In addition, at any time prior to December 1, 2018, the Company may redeem up to 35% of the original aggregate principal amount of the 2023 Notes with the proceeds of one or more equity offerings, at a redemption price equal to 106.75% , plus accrued and unpaid interest. Furthermore, at any time on or after December 1, 2018, the Company may redeem the 2023 Notes, in whole or in part, at once or over time, at the specified redemption prices set forth in the Indenture plus accrued and unpaid interest thereon to the redemption date (subject to the rights of holders of record on the relevant record date to receive interest due on the relevant interest payment date). At any time prior to December 1, 2020, the Company may redeem all or part of the 2025 Notes, at a redemption price equal to their principal amount, plus a “make whole” premium as of the redemption date, and accrued and unpaid interest. In addition, at any time prior to December 1, 2018, the Company may redeem up to 35% of the original aggregate principal amount of the 2025 Notes with the proceeds of one or more equity offerings, at a redemption price equal to 107.00% , plus accrued and unpaid interest. Furthermore, at any time on or after December 1, 2020, the Company may redeem the 2025 Notes, in whole or in part, at once or over time, at the specified redemption prices set forth in the Indenture plus accrued and unpaid interest thereon to the redemption date (subject to the rights of holders of record on the relevant record date to receive interest due on the relevant interest payment date). The Indenture contains customary events of default, including, among other things, payment default, exchange default, failure to provide certain notices thereunder and certain provisions related to bankruptcy events. The Indenture also contains customary negative covenants. The Notes have not been registered under the Securities Act, or any state securities laws, and, unless so registered, may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the Securities Act and applicable state securities laws. Registration Rights Agreement In connection with the offering of the Notes, the Company entered into a Registration Rights Agreement, dated as of November 19, 2015 (the “Registration Rights Agreement”), with the Guarantors party thereto, on the one hand, and Merrill Lynch, Pierce, Fenner & Smith Incorporated, as representative of the initial purchasers of the Notes, on the other hand. Under the Registration Rights Agreement, the Company and the Guarantors have agreed to use their commercially reasonable efforts to (i) file with the SEC a registration statement (the “Exchange Offer Registration Statement”) relating to the registered exchange offer (the “Exchange Offer”) to exchange the Notes for a new series of the Company’s exchange notes having terms substantially identical in all material respects to, and in the same aggregate principal amount, as the Notes, (ii) cause the Exchange Offer Registration Statement to be declared effective by the SEC; and (iii) cause the Exchange Offer to be consummated no later than the 360 th day after November 19, 2015 (or if such 360th day is not a business day, the next succeeding business day). The Company and the Guarantors have also agreed to use their commercially reasonable efforts to cause the Exchange Offer Registration Statement to be effective continuously and keep the Exchange Offer open for a period of not less than the minimum period required under applicable federal and state securities laws to consummate the Exchange Offer. Under certain circumstances, the Company and the Guarantors have agreed to use their commercially reasonable efforts to (i) file a shelf registration statement relating to the resale of the Notes as promptly as practicable, and (ii) cause the shelf registration statement to be declared effective by the SEC as promptly as practicable. The Company and the Guarantors have also agreed to use their commercially reasonable efforts to keep the shelf registration statement continuously effective until one year after its effective date (or such shorter period that will terminate when all the Notes covered thereby have been sold pursuant thereto). If the Company fails to meet any of these targets, the annual interest rate on the Notes would increase by 0.25% during the 90-day period following the default, and would increase by an additional 0.25% for each subsequent 90-day period during which the default continues, up to a maximum additional interest rate of 1.00% per year. If the Company cures the default, the interest rate on the Notes would revert to the original level. The 2023 Notes and the 2025 Notes are traded over the counter and their fair values as of July 2, 2016 , of $469.1 million and $581.6 million , respectively (compared to carrying values of $450.0 million and $550.0 million , respectively) were estimated based upon the values of their last trade at the end of the period. The fair values of the 2023 Notes and the 2025 Notes were $465.8 million and $581.6 million , respectively as of April 2, 2016 . Credit Agreement On April 7, 2015, the Company and 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 swing line 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 corporate purposes. The Company’s obligations under the Credit Agreement are jointly and severally guaranteed by the Guarantors. During the three months ended July 2, 2016 , there were no borrowings under the revolving credit facility. The Company had no outstanding amounts under the Credit Agreement as of July 2, 2016 and April 2, 2016 . At the Company’s option, loans under the Credit Agreement will 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 Base Rate plus 1.0% (the “Base Rate”). All swing line loans will bear interest at a rate equal to the Applicable Rate plus the Base Rate. The Eurodollar Base 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 will 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 will 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. On November 12, 2015, the Credit Agreement was amended to increase the size of certain of the negative covenant baskets and the threshold for certain negative covenant incurrence-based permissions and to raise the consolidated leverage ratio test from 2.50 to 1.00 to 3.00 to 1.00 as of the end of any fiscal quarter. The Company must also maintain a consolidated interest coverage ratio of not less than 3.00 to 1.00 as of the end of any fiscal quarter. 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 swing line option due in full no later than ten business days after such loan is made).

Income Taxes

Income Taxes	3 Months Ended
	Jul. 02, 2016
Income Tax Disclosure [Abstract]
INCOME TAXES	INCOME TAXES Income Tax Expense The Company’s provision for income taxes for the three months ended July 2, 2016 and June 27, 2015 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 July 2, 2016 and June 27, 2015 . The Company’s income tax benefit was $4.0 million for the three months ended July 2, 2016 , and income tax expense was $0.6 million for the three months ended June 27, 2015 . The Company’s effective tax rate was 41.3% for the three months ended July 2, 2016 and 22.5% for the three months ended June 27, 2015 . The Company's effective tax rate for both the first quarter of fiscal 2017 and the first quarter of fiscal 2016 differed from the statutory rate primarily due to tax rate differences in foreign jurisdictions, state income taxes, domestic tax credits generated, and changes in unrecognized tax benefits. Deferred Taxes 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 domestic federal and state tax net operating loss (“NOLs”) carry-forwards that expire in fiscal years 2017 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 income tax provisions. Uncertain Tax Positions The Company’s gross unrecognized tax benefits increased from $69.1 million as of the end of fiscal 2016 to $72.8 million as of the end of the first quarter of fiscal 2017 , due to a $3.7 million increase related to tax positions taken with respect to the current fiscal year.

Investments and Fair Value Meas

Investments and Fair Value Measurements	3 Months Ended
	Jul. 02, 2016
Investments and Fair Value Measurements [Abstract]
INVESTMENTS AND FAIR VALUE MEASUREMENTS	INVESTMENTS AND FAIR VALUE MEASUREMENTS Investments The following is a summary of cash equivalents and available-for-sale securities as of July 2, 2016 and April 2, 2016 (in thousands): Cost Gross Unrealized Gains Gross Unrealized Losses Estimated Fair Value July 2, 2016 Auction rate securities $ 2,150 $ — $ (400 ) $ 1,750 Corporate debt 13,873 — — 13,873 Money market funds 57,798 — — 57,798 $ 73,821 $ — $ (400 ) $ 73,421 April 2, 2016 U.S. government/agency securities $ 149,874 $ 19 $ (1 ) $ 149,892 Auction rate securities 2,150 — (350 ) 1,800 Corporate debt 45,510 — — 45,510 Money market funds 146,779 — — 146,779 $ 344,313 $ 19 $ (351 ) $ 343,981 The estimated fair value of available-for-sale securities was based on the prevailing market values on July 2, 2016 and April 2, 2016 . The Company determines the cost of an investment sold based on the specific identification method. There were no gross realized gains and no gross realized losses recognized on available-for-sale securities for the three months ended July 2, 2016 . 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 . There were no unrealized losses on available-for-sale securities in a continuous loss position for fewer than 12 months as of July 2, 2016 , and as of April 2, 2016 , such unrealized losses were insignificant. Unrealized losses on available-for-sale securities in a continuous loss position for 12 months or greater were $0.4 million as of July 2, 2016 and $0.4 million as of April 2, 2016 . The aggregate amount of available-for-sale securities in an unrealized loss position at July 2, 2016 was $1.8 million , with $0.4 million in unrealized losses. The aggregate amount of available-for-sale securities in an unrealized loss position at April 2, 2016 was $55.6 million , with $0.4 million in unrealized losses. The expected maturity distribution of cash equivalents and available-for-sale debt securities is as follows (in thousands): July 2, 2016 April 2, 2016 Cost Estimated Fair Value Cost Estimated Fair Value Due in less than one year $ 71,671 $ 71,671 $ 342,163 $ 342,181 Due after ten years 2,150 1,750 2,150 1,800 Total investments in debt securities $ 73,821 $ 73,421 $ 344,313 $ 343,981 During the quarter, our investments in commercial paper and U.S. government treasury bills matured and a portion of the proceeds was used for the GreenPeak acquisition. Other Investments On August 4, 2015, the Company 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. This investment was accounted for as a cost method investment and classified in "Long-term investments" on the Company's Condensed Consolidated Balance Sheet. No impairment was recognized on the Company's cost-method investment during the three months ended July 2, 2016 . Fair Value of Financial Instruments 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), 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 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 July 2, 2016 and April 2, 2016 (in thousands): Total Quoted Prices In Active Markets For Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) July 2, 2016 Assets: Available-for-sale securities Auction rate securities (1) $ 1,750 $ — $ 1,750 Corporate debt (2) 13,873 — 13,873 Money market funds 57,798 57,798 — Total available-for-sale securities 73,421 57,798 15,623 Invested funds in deferred compensation plan (3) 7,169 7,169 — Total assets measured at fair value $ 80,590 $ 64,967 $ 15,623 Liabilities: Deferred compensation plan obligation (3) 7,169 7,169 — Total liabilities measured at fair value $ 7,169 $ 7,169 $ — April 2, 2016 Assets: Available-for-sale securities U.S. government/agency securities $ 149,892 $ 149,892 $ — Auction rate securities (1) 1,800 — 1,800 Corporate debt (2) 45,510 — 45,510 Money market funds 146,779 146,779 — Total available-for-sale securities 343,981 296,671 47,310 Invested funds in deferred compensation plan (3) 6,468 6,468 — Total assets measured at fair value $ 350,449 $ 303,139 $ 47,310 Liabilities: Deferred compensation plan obligation (3) 6,468 6,468 — Total liabilities measured at fair value $ 6,468 $ 6,468 $ — (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 that are valued using observable market prices for identical securities that are traded in less active markets. (3) The Company's 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 assets 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 other accrued liabilities approximate fair values because of the relatively short-term maturities of these instruments. See Note 5 for the fair value of the Company's long-term debt.

Share Repurchases

Share Repurchases	3 Months Ended
	Jul. 02, 2016
Equity [Abstract]
SHARE REPURCHASES	REPURCHASES On February 5, 2015, the Company announced that its Board of Directors authorized the repurchase of up to $200.0 million of the Company's outstanding common stock, exclusive of related fees, commissions or other expenses. On August 11, 2015, the Company announced the completion of this $200.0 million share repurchase program having repurchased on the open market approximately 2.4 million shares at an average price of $63.14 during fiscal 2016 (of which approximately 0.6 million shares at an average price of $83.10 were repurchased during the first quarter of fiscal 2016 ). On August 11, 2015, the Company announced that its Board of Directors authorized a new share repurchase program to repurchase up to $400.0 million of the Company's outstanding common stock. On September 10, 2015, the Company announced the completion of this $400.0 million share repurchase program having repurchased approximately 7.3 million shares at an average price of $54.75 on the open market during the second quarter of fiscal 2016 . On November 5, 2015, the Company announced that its Board of Directors authorized a new share repurchase program to repurchase up to $1.0 billion of the Company's outstanding stock through November 4, 2016. Under the share repurchase program, share repurchases will be made in accordance with applicable securities laws on the open market or in privately negotiated transactions. The extent to which the Company repurchases its shares, the number of shares and the timing of any repurchases will depend on general market conditions, regulatory requirements, alternative investment opportunities and other considerations. The program does not require the Company to repurchase a minimum number of shares, and may be modified, suspended or terminated at any time without prior notice. During fiscal 2016, the Company repurchased approximately 14.6 million shares of common stock pursuant to this authorization for approximately $750.0 million . As part of the $1.0 billion share repurchase program described above, on February 16, 2016, the Company entered into variable maturity accelerated share repurchase ("ASR") agreements (a $250.0 million collared agreement and a $250.0 million uncollared agreement) with Bank of America, N.A. For the upfront payment of $500.0 million , the Company received 3.1 million shares of our common stock under the collared agreement (representing 50% of the shares the Company would have repurchased assuming an average share price of $40.78 ) and 4.9 million shares of our common stock under the uncollared agreement (representing 80% of the shares the Company would have repurchased assuming an average share price of $40.78 ). On March 10, 2016, the Company received an additional 2.0 million shares of our common stock under the collared agreement. Final settlements of the ASR agreements were completed during the first quarter of fiscal 2017 with an additional 0.4 million shares received resulting in a total of 10.4 million shares of our common stock repurchased under the ASR agreements. The shares were retired in the periods they were delivered, and the upfront payment was accounted for as a reduction to stockholders' equity in the Company's Consolidated Balance Sheet in the period the payment was made. The Company reflected each ASR as a repurchase of common stock in the period delivered for purposes of calculating earnings per share.

Recent Accounting Pronouncement

Recent Accounting Pronouncements	3 Months Ended
	Jul. 02, 2016
New Accounting Pronouncements and Changes in Accounting Principles [Abstract]
RECENT ACCOUNTING PRONOUNCEMENTS	RECENT ACCOUNTING PRONOUNCEMENTS Accounting Pronouncements Not Yet Effective In June 2016, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("ASU") 2016-13, "Financial Instruments - Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments." The new guidance introduces an approach based on current expected losses over the life of the exposure to estimate credit losses on certain types of financial instruments. It also modifies the impairment model for available-for-sale debt securities and provides for a simplified accounting model for purchased financial assets with credit deterioration since their origination. The new standard will become effective for the Company beginning in the first quarter of fiscal year 2021. The Company is currently evaluating the effects the new guidance will have on its consolidated financial statements. In March 2016, the FASB issued ASU 2016-09, "Compensation - Stock Compensation (Topic 718): Improvements to Employee Share-Based Payment Accounting." The new guidance will simplify certain aspects of accounting for share-based payment transactions, including income tax consequences, forfeitures, classification of awards on the balance sheet and presentation on the statement of cash flows. The new standard will become effective for the Company beginning in the first quarter of fiscal 2018. The Company is currently evaluating the effects this new guidance will have on its consolidated financial statements. In February 2016, the FASB issued ASU 2016-02, "Leases (Topic 842)." The new standard will revise the current guidance for lessees, lessors and sale-leaseback transactions. Under the new guidance, substantially all lessees will now recognize a right-of-use asset and a lease liability for all of their leases with terms greater than 12 months even if the lease is an operating lease. Consistent with current GAAP, the recognition, measurement, and presentation of expenses and cash flow arising from a lease by a lessee primarily will depend on its classification as a finance or operating lease. The new guidance becomes effective for the Company in the first quarter of fiscal 2020. The Company is currently evaluating the effects this new guidance will have on its consolidated financial statements. In January 2016, the FASB issued ASU 2016-01, "Financial Instruments - Overall (Subtopic 825-10): Recognition and Measurements of Financial Assets and Financial Liabilities." This new standard will affect the accounting for equity investments, financial liabilities measured under the fair value option and presentation and disclosure requirements for financial instruments. In addition, the FASB clarified guidance related to the assessment of valuation allowances when recognizing deferred tax assets related to unrealized losses on available-for-sale debt securities. The new standard is effective for the Company beginning in the first quarter of fiscal 2019. The Company is currently evaluating the effects this new standard will have on its consolidated financial statements. In July 2015, the FASB issued ASU 2015-11, "Inventory (Topic 330): Simplifying the Measurement of Inventory." Entities that measure their inventory other than pursuant to the last-in, last-out and retail inventory methods will measure their inventory at the lower of cost or net realized value. Net realized value is the estimated selling price in the ordinary course of business less reasonably predictable costs to completion, transportation, or disposal. Currently, inventory is required to be measured at the lower of cost or market where market could be the replacement cost, net realizable value, or net realizable value less an approximated normal profit margin. The Company will adopt the provisions of this standard in the first quarter of fiscal 2018, and is currently evaluating the impact on its consolidated financial statements. In May 2014, the FASB issued ASU 2014-09, "Revenue from Contracts with Customers (Topic 606)" 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. The FASB has issued several amendments to the new guidance. In August 2015, they delayed the effective date for adoption by one year. In March 2016, additional guidance was issued that clarifies the principal versus agent considerations within the new revenue standard. In April, 2016, additional guidance was issued that clarifies the identification of distinct performance obligations in a contract as well as clarifies the accounting for licenses of intellectual property. In May 2016, additional guidance was issued related to transition, collectibility, non-cash consideration and the presentation of sales and other similar taxes. The new amended 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. Accounting Pronouncements Recently Adopted In April 2015, the FASB issued ASU 2015-05 , "Intangibles - Goodwill and Other - Internal-Use Software (Subtopic 350-40): Customer's Accounting for Fees Paid in a Cloud Computing Arrangement " which provided additional guidance to customers about whether a cloud computing arrangement includes a software license. Under this guidance, if a cloud computing arrangement contains a software license, customers should account for the license element of the arrangement in a manner consistent with the acquisition of other software licenses. If the arrangement does not contain a software license, customers should account for the arrangement as a service contract. The Company adopted the provisions of this standard in the first quarter of fiscal 2017, and there was no impact on its condensed consolidated financial statements. In September 2015, the FASB issued ASU No. 2015-16, " Business Combinations (Topic 805): Simplifying the Accounting for Measurement-Period Adjustments." This standard requires an acquirer in a business combination to recognize adjustments to provisional amounts that are identified during the measurement period in the reporting period in which the adjustment amounts are determined. The effect on earnings of changes in depreciation, amortization or other income effects, as a result of the change in provisional amounts, are to be included in the same period’s financial statements, calculated as if the accounting had been completed at the acquisition date. The amendments in this update became effective for the Company beginning in the first quarter of fiscal 2017 and will be applied prospectively to adjustments to provisional amounts that occur in the future.

Operating Segment Information

Operating Segment Information	3 Months Ended
	Jul. 02, 2016
Segment Reporting [Abstract]
OPERATING SEGMENT INFORMATION	OPERATING SEGMENT INFORMATION The Company’s operating segments as of July 2, 2016 are Mobile Products (MP) and Infrastructure and Defense Products (IDP) based on the organizational structure and information reviewed by the Company's Chief Executive Officer, who is the Company's chief operating decision maker (or CODM), and these segments 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. MP is a leading global supplier of RF solutions that perform various functions in the increasingly complex cellular radio front end section of smartphones and other cellular devices. These RF solutions are required in fourth generation (“4G”) data-centric devices operating under Long-Term Evolution (“LTE”) 4G networks, as well as third generation (“3G”) and second generation mobile devices. These solutions include complete RF front end modules that combine high-performance filters, power amplifiers (“PAs”), low noise amplifiers (“LNAs”) and switches, PA modules, transmit modules, antenna control solutions, antenna switch modules, diversity receive modules and envelope tracking power management devices. MP supplies its broad portfolio of RF solutions into a variety of mobile devices, including smartphones, notebook computers, wearables, tablets and cellular-based applications for the IoT. IDP is a leading global supplier of RF solutions that support diverse global applications, including ubiquitous high-speed network connectivity to the cloud, data center communications, rapid internet connectivity throughout the home and workplace, and upgraded military capabilities across the globe. These RF solutions enhance performance and reduce complexity in cellular base stations, optical long haul, data center and metro networks, WiFi networks, cable networks, and emerging fifth generation (“5G”) wireless networks. Products include high power gallium arsenide (“GaAs”) and gallium nitride (“GaN”) PAs, LNAs, switches, RF filter solutions, CMOS system-on-a-chip (“SoC”) solutions and various multichip and hybrid assemblies. IDP market-leading RF solutions for defense and aerospace upgrade communications and radar systems for air, land and sea. IDP RF solutions for the IoT enable the connected car and an array of industrial applications, and serve the home automation market with SoC solutions based on ZigBee and Bluetooth Smart technologies. During the first quarter of fiscal 2017, the Company acquired GreenPeak, a leader in ultra-low power, short range RF communication technology. The acquisition expanded the Company's customer offering to include highly integrated RF solutions and SoCs for the connected home and the rapidly growing IoT. The “All other” category includes operating expenses such as stock-based compensation, amortization of intangible assets, acquisition and integration related costs, acquired inventory step-up and revaluation, intellectual property rights (IPR) litigation costs, restructuring and disposal costs, start-up costs, gain (loss) on assets 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 intercompany 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 July 2, June 27, Revenue: MP $ 547,077 $ 550,886 IDP 150,490 121,785 All other (1) 970 970 Total revenue $ 698,537 $ 673,641 Income (loss) from operations: MP $ 132,977 $ 173,742 IDP 34,651 14,073 All other (161,887 ) (189,150 ) Income (loss) from operations 5,741 (1,335 ) Interest expense (15,187 ) (548 ) Interest income 278 392 Other (expense) income (500 ) 4,119 (Loss) income before income taxes $ (9,668 ) $ 2,628 (1) "All other" revenue relates to royalty income that is not allocated to MP or IDP. Three Months Ended July 2, June 27, Reconciliation of “All other” category: Stock-based compensation expense $ (30,594 ) $ (48,170 ) Amortization of intangible assets (119,345 ) (123,202 ) Acquisition and integration related costs (6,760 ) (10,415 ) Acquired inventory step-up and revaluation (1,199 ) — Restructuring and disposal costs (414 ) (1,427 ) IPR litigation costs (156 ) (148 ) Start-up costs (2,076 ) (3,710 ) Other expenses (including gain (loss) on assets and other miscellaneous corporate overhead) (1,343 ) (2,078 ) Loss from operations for “All other” $ (161,887 ) $ (189,150 )

Consolidating Financial Informa

Consolidating Financial Information (Notes)	3 Months Ended
	Jul. 02, 2016
Consolidating Financial Information [Abstract]
Consolidating Financial Information [Text Block]	CONSOLIDATING FINANCIAL INFORMATION As discussed in Note 5, the Notes were issued pursuant to the Indenture by and among the Company, the Company's domestic subsidiaries that guarantee the Company's obligations under its revolving credit facility, as guarantors, and MUFG Union Bank, N.A., as trustee. The Notes are fully and unconditionally guaranteed on a joint and several basis by each guarantor subsidiary, each of which is 100% owned, directly or indirectly, by Qorvo, Inc. (the "Parent Company"). A guarantor subsidiary’s guarantee can be released in certain customary circumstances. In accordance with Rule 3-10 of Regulation S-X, the following presents the condensed consolidating financial information separately for: (i) the Parent Company, the issuer of the Notes; (ii) the guarantor subsidiaries, on a combined basis, as specified in the Indenture; (iii) the non-guarantor subsidiaries, on a combined basis; (iv) consolidating entries and eliminations representing adjustments to (a) eliminate intercompany transactions between or among the Parent Company, the guarantor subsidiaries and the non-guarantor subsidiaries, (b) eliminate intercompany profit in inventory, (c) eliminate the investments in the Company’s subsidiaries and (d) record consolidating entries; and (v) the Company, on a consolidated basis. Each entity in the condensed consolidating financial information follows the same accounting policies as described in the consolidated financial statements, except for the use by the Parent Company and guarantor subsidiaries of the equity method of accounting to reflect ownership interests in subsidiaries that are eliminated upon consolidation. The financial information may not necessarily be indicative of the financial position, results of operations, comprehensive income (loss), and cash flows, had the Parent Company, guarantor or non-guarantor subsidiaries operated as independent entities. Condensed Consolidating Balance Sheet July 2, 2016 (in thousands) Parent Company Guarantor Subsidiaries Non-Guarantor Subsidiaries Eliminations Consolidated ASSETS Current assets: Cash and cash equivalents $ — $ 150,131 $ 282,903 $ — $ 433,034 Short-term investments — 13,873 — — 13,873 Accounts receivable, less allowance — 75,532 325,147 — 400,679 Intercompany accounts and notes receivable — 617,320 134,392 (751,712 ) — Inventories — 118,262 439,544 (102,035 ) 455,771 Prepaid expenses — 56,469 11,860 — 68,329 Other receivables — 5,770 64,101 — 69,871 Other current assets — 43,493 370 — 43,863 Total current assets — 1,080,850 1,258,317 (853,747 ) 1,485,420 Property and equipment, net — 883,197 277,756 — 1,160,953 Goodwill — 1,953,102 221,537 — 2,174,639 Intangible assets, net — 741,188 1,068,586 (33,837 ) 1,775,937 Long-term investments — 26,000 — — 26,000 Long-term intercompany accounts and notes receivable — 424,333 131,713 (556,046 ) — Investment in subsidiaries 6,137,196 1,664,717 — (7,801,913 ) — Other non-current assets 1,023 38,619 25,396 — 65,038 Total assets $ 6,138,219 $ 6,812,006 $ 2,983,305 $ (9,245,543 ) $ 6,687,987 LIABILITIES AND STOCKHOLDERS’ EQUITY Current liabilities: Accounts payable $ — $ 99,265 $ 166,091 $ (1,878 ) $ 263,478 Intercompany accounts and notes payable — 134,392 617,320 (751,712 ) — Accrued liabilities 5,931 103,492 33,086 — 142,509 Other current liabilities — 197 14,149 — 14,346 Total current liabilities 5,931 337,346 830,646 (753,590 ) 420,333 Long-term debt 988,372 — — — 988,372 Deferred tax liabilities (103,634 ) 204,465 62,813 — 163,644 Long-term intercompany accounts and notes payable 213,974 131,713 210,359 (556,046 ) — Other long-term liabilities — 33,879 48,183 — 82,062 Total liabilities 1,104,643 707,403 1,152,001 (1,309,636 ) 1,654,411 Total stockholders’ equity 5,033,576 6,104,603 1,831,304 (7,935,907 ) 5,033,576 Total liabilities and stockholders’ equity $ 6,138,219 $ 6,812,006 $ 2,983,305 $ (9,245,543 ) $ 6,687,987 Condensed Consolidating Balance Sheet April 2, 2016 (in thousands) Parent Company Guarantor Subsidiaries Non-Guarantor Subsidiaries Eliminations Consolidated ASSETS Current assets: Cash and cash equivalents $ — $ 220,633 $ 205,248 $ — $ 425,881 Short-term investments — 186,808 — — 186,808 Accounts receivable, less allowance — 203,488 112,868 — 316,356 Intercompany accounts and notes receivable — 532,508 404,330 (936,838 ) — Inventories — 186,627 325,346 (84,422 ) 427,551 Prepaid expenses — 56,151 7,699 — 63,850 Other receivables — 37,033 10,347 — 47,380 Other current assets — 40,866 518 — 41,384 Total current assets — 1,464,114 1,066,356 (1,021,260 ) 1,509,210 Property and equipment, net — 807,586 239,495 (193 ) 1,046,888 Goodwill — 1,868,816 266,881 — 2,135,697 Intangible assets, net — 786,314 1,026,201 — 1,812,515 Long-term investments — 26,050 — — 26,050 Long-term intercompany accounts and notes receivable — 564,397 267,823 (832,220 ) — Investment in subsidiaries 6,151,119 1,645,846 — (7,796,965 ) — Other non-current assets 1,091 39,478 25,890 — 66,459 Total assets $ 6,152,210 $ 7,202,601 $ 2,892,646 $ (9,650,638 ) $ 6,596,819 LIABILITIES AND STOCKHOLDERS’ EQUITY Current liabilities: Accounts payable $ — $ 141,792 $ 66,508 $ (2,936 ) $ 205,364 Intercompany accounts and notes payable — 404,330 532,508 (936,838 ) — Accrued liabilities 25,445 93,609 18,835 — 137,889 Other current liabilities — 20,122 10,426 — 30,548 Total current liabilities 25,445 659,853 628,277 (939,774 ) 373,801 Long-term debt 988,130 — — — 988,130 Deferred tax liabilities (93,340 ) 195,462 50,038 — 152,160 Long-term intercompany accounts and notes payable 232,303 267,823 332,094 (832,220 ) — Other long-term liabilities — 39,288 43,768 — 83,056 Total liabilities 1,152,538 1,162,426 1,054,177 (1,771,994 ) 1,597,147 Total stockholders’ equity 4,999,672 6,040,175 1,838,469 (7,878,644 ) 4,999,672 Total liabilities and stockholders’ equity $ 6,152,210 $ 7,202,601 $ 2,892,646 $ (9,650,638 ) $ 6,596,819 Condensed Consolidating Statement of Operations and Comprehensive (Loss) Income Three Months Ended July 2, 2016 (in thousands) Parent Company Guarantor Subsidiaries Non-Guarantor Subsidiaries Eliminations Consolidated Revenue $ — $ 404,978 $ 732,494 $ (438,935 ) $ 698,537 Cost of goods sold — 344,567 479,042 (401,547 ) 422,062 Gross profit — 60,411 253,452 (37,388 ) 276,475 Operating expenses: Research and development 11,669 9,840 98,487 (2,859 ) 117,137 Marketing and selling 6,058 25,534 86,612 (9,168 ) 109,036 General and administrative 12,867 2,099 19,926 (333 ) 34,559 Other operating expense — 4,093 5,941 (32 ) 10,002 Total operating expenses 30,594 41,566 210,966 (12,392 ) 270,734 Income (loss) from operations (30,594 ) 18,845 42,486 (24,996 ) 5,741 Interest expense (14,768 ) (818 ) (1,578 ) 1,977 (15,187 ) Interest income — 1,482 567 (1,771 ) 278 Other (expense) income — (321 ) (945 ) 766 (500 ) (Loss) income before income taxes (45,362 ) 19,188 40,530 (24,024 ) (9,668 ) Income tax benefit (expense) 10,295 (27,087 ) 20,785 — 3,993 Income in subsidiaries 29,392 — — (29,392 ) — Net (loss) income $ (5,675 ) $ (7,899 ) $ 61,315 $ (53,416 ) $ (5,675 ) Comprehensive (loss) income $ (6,683 ) $ (7,827 ) $ 60,235 $ (52,408 ) $ (6,683 ) Condensed Consolidating Statement of Operations and Comprehensive Income (Loss) Three Months Ended June 27, 2015 (in thousands) Parent Company Guarantor Subsidiaries Non-Guarantor Subsidiaries Eliminations Consolidated Revenue $ — $ 725,762 $ 566,828 $ (618,949 ) 673,641 Cost of goods sold — 547,523 463,940 (617,339 ) 394,124 Gross profit — 178,239 102,888 (1,610 ) 279,517 Operating expenses: Research and development 21,473 43,670 60,011 (7,944 ) 117,210 Marketing and selling 20,087 33,508 62,859 (6,809 ) 109,645 General and administrative 6,610 22,556 9,179 (2,262 ) 36,083 Other operating expense — 15,428 2,486 — 17,914 Total operating expenses 48,170 115,162 134,535 (17,015 ) 280,852 (Loss) income from operations (48,170 ) 63,077 (31,647 ) 15,405 (1,335 ) Interest expense — (886 ) (559 ) 897 (548 ) Interest income — 522 607 (737 ) 392 Other income (expense) — 4,517 (239 ) (159 ) 4,119 Income (loss) before income taxes (48,170 ) 67,230 (31,838 ) 15,406 2,628 Income tax (expense) benefit 16,083 (11,888 ) (4,787 ) — (592 ) Income in subsidiaries 34,123 — — (34,123 ) — Net income (loss) $ 2,036 $ 55,342 $ (36,625 ) $ (18,717 ) $ 2,036 Comprehensive income (loss) $ 1,077 $ 53,889 $ (36,467 ) $ (17,422 ) $ 1,077 Condensed Consolidating Statement of Cash Flows Three Months Ended July 2, 2016 (in thousands) Parent Company Guarantor Subsidiaries Non-Guarantor Subsidiaries Eliminations Consolidated Net cash provided by (used in) operating activities $ (23,150 ) $ (137,694 ) $ 220,233 $ — $ 59,389 Investing activities: Purchase of property and equipment — (106,301 ) (24,139 ) — (130,440 ) Purchase of a business — — (117,498 ) — (117,498 ) Proceeds from sale of property and equipment — 17 — — 17 Proceeds from maturities of available-for-sale securities — 172,920 — — 172,920 Net cash (used in) provided by investing activities — 66,636 (141,637 ) — (75,001 ) Financing activities: Debt issuance costs (2 ) — — — (2 ) Proceeds from the issuance of common stock 25,962 — — — 25,962 Tax withholding paid on behalf of employees for restricted stock units (2,810 ) — — — (2,810 ) Restricted cash associated with financing activities — 4 — — 4 Net transactions with related parties — 552 (552 ) — — Net cash provided by (used in) financing activities 23,150 556 (552 ) — 23,154 Effect of exchange rate changes on cash — — (389 ) — (389 ) Net increase (decrease) in cash and cash equivalents — (70,502 ) 77,655 — 7,153 Cash and cash equivalents at the beginning of the period — 220,633 205,248 — 425,881 Cash and cash equivalents at the end of the period $ — $ 150,131 $ 282,903 $ — $ 433,034 Condensed Consolidating Statement of Cash Flows Three Months Ended June 27, 2015 (in thousands) Parent Company Guarantor Subsidiaries Non-Guarantor Subsidiaries Eliminations Consolidated Net cash provided by operating activities $ 40,462 $ 94,864 $ 6,106 $ — $ 141,432 Investing activities: Purchase of property and equipment — (71,602 ) (17,793 ) — (89,395 ) Proceeds from sale of property and equipment — 140 — — 140 Purchase of available-for-sale securities — (86,145 ) — — (86,145 ) Proceeds from maturities and sales of available-for-sale securities — 100,263 — — 100,263 Net cash used in investing activities — (57,344 ) (17,793 ) — (75,137 ) Financing activities: Debt issuance costs (1,335 ) — — — (1,335 ) Proceeds from the issuance of common stock 18,386 — — — 18,386 Repurchase of common stock, including transaction costs (50,009 ) — — — (50,009 ) Tax withholding paid on behalf of employees for restricted stock units (7,504 ) — — — (7,504 ) Restricted cash associated with financing activities — (8 ) — — (8 ) Other financing — (3 ) — — (3 ) Net transactions with related parties — (341 ) 341 — — Net cash (used in) provided by financing activities (40,462 ) (352 ) 341 — (40,473 ) Effect of exchange rate changes on cash — — (34 ) — (34 ) Net increase (decrease) in cash and cash equivalents — 37,168 (11,380 ) — 25,788 Cash and cash equivalents at the beginning of the period — 154,332 145,482 — 299,814 Cash and cash equivalents at the end of the period $ — $ 191,500 $ 134,102 $ — $ 325,602

Basis of Presentation and Sig18

Basis of Presentation and Significant Accounting Policies (Policies)	3 Months Ended
	Jul. 02, 2016
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Income Tax Policy	The Company’s provision for income taxes for the three months ended July 2, 2016 and June 27, 2015 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 July 2, 2016 and June 27, 2015
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), 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 loss," a component of stockholders’ equity, net of tax.
Operating Segment Policy	The Company’s operating segments as of July 2, 2016 are Mobile Products (MP) and Infrastructure and Defense Products (IDP) based on the organizational structure and information reviewed by the Company's Chief Executive Officer, who is the Company's chief operating decision maker (or CODM), and these segments 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 (Loss) Income Per Share (Ta

Net (Loss) Income Per Share (Tables)	3 Months Ended
	Jul. 02, 2016
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 the computation of basic and diluted net (loss) income per share (in thousands, except per share data): Three Months Ended July 2, 2016 June 27, 2015 Numerator: Numerator for basic and diluted net (loss) income per share — net (loss) income available to common stockholders $ (5,675 ) $ 2,036 Denominator: Denominator for basic net (loss) income per share — weighted average shares 127,541 149,322 Effect of dilutive securities: Stock-based awards — 5,139 Denominator for diluted net (loss) income per share — adjusted weighted average shares and assumed conversions 127,541 154,461 Basic net (loss) income per share $ (0.04 ) $ 0.01 Diluted net (loss) income per share $ (0.04 ) $ 0.01

Inventories (Tables)

Inventories (Tables)	3 Months Ended
	Jul. 02, 2016
Inventory Disclosure [Abstract]
Components of inventories	Inventories are stated at the lower of cost or market based on standard costs which approximates actual average costs. The components of inventories, net of reserves, are as follows (in thousands): July 2, 2016 April 2, 2016 Raw materials $ 102,910 $ 89,928 Work in process 241,276 228,626 Finished goods 111,585 108,997 Total inventories $ 455,771 $ 427,551

Goodwill and Intangible Asset21

Goodwill and Intangible Assets (Tables)	3 Months Ended
	Jul. 02, 2016
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Goodwill [Table Text Block]	The changes in the carrying amount of goodwill for the three months ended July 2, 2016 are as follows (in thousands): Mobile Products Infrastructure and Defense Products Total Balance as of April 2, 2016 $ 1,751,503 $ 384,194 $ 2,135,697 Goodwill resulting from GreenPeak — 39,124 39,124 Translation — (182 ) (182 ) Balance at July 2, 2016 $ 1,751,503 $ 423,136 $ 2,174,639
Schedule of finite-lived and indefinite-lived intangible assets [Table Text Block]	The following summarizes information regarding the gross carrying amounts and accumulated amortization of intangibles assets (in thousands): July 2, 2016 April 2, 2016 Gross Accumulated Gross Accumulated Intangible Assets: In-process research and development $ 267,000 N/A $ 267,000 N/A Technology licenses 13,346 11,172 12,446 11,021 Customer relationships 1,272,725 447,072 1,267,103 377,357 Developed technology 989,335 323,989 915,163 277,736 Wafer supply agreement 20,443 20,443 20,443 20,443 Trade names 29,353 14,529 29,000 12,083 Backlog 65,000 65,000 65,000 65,000 Non-compete agreement 1,026 86 — — Total $ 2,658,228 $ 882,291 $ 2,576,155 $ 763,640
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense [Table Text Block]	The following table provides the Company's estimated amortization expense for intangible assets based on current amortization periods for the periods indicated (in thousands): Fiscal Year Estimated 2017 $ 505,502 2018 542,634 2019 455,402 2020 206,986 2021 144,066

Debt (Tables)

Debt (Tables)	3 Months Ended
	Jul. 02, 2016
Debt Disclosure [Abstract]
Schedule of Long-term Debt Instruments [Table Text Block]	Debt at July 2, 2016 and April 2, 2016 is as follows (in thousands): July 2, 2016 April 2, 2016 6.75% Senior Notes due 2023 $ 450,000 $ 450,000 7.00% Senior Notes due 2025 550,000 550,000 Less unamortized issuance costs (11,628 ) (11,870 ) Total long-term debt $ 988,372 $ 988,130

Investments and Fair Value Me23

Investments and Fair Value Measurements (Tables)	3 Months Ended
	Jul. 02, 2016
Investments and Fair Value Measurements [Abstract]
Available-for-sale securities	The following is a summary of cash equivalents and available-for-sale securities as of July 2, 2016 and April 2, 2016 (in thousands): Cost Gross Unrealized Gains Gross Unrealized Losses Estimated Fair Value July 2, 2016 Auction rate securities $ 2,150 $ — $ (400 ) $ 1,750 Corporate debt 13,873 — — 13,873 Money market funds 57,798 — — 57,798 $ 73,821 $ — $ (400 ) $ 73,421 April 2, 2016 U.S. government/agency securities $ 149,874 $ 19 $ (1 ) $ 149,892 Auction rate securities 2,150 — (350 ) 1,800 Corporate debt 45,510 — — 45,510 Money market funds 146,779 — — 146,779 $ 344,313 $ 19 $ (351 ) $ 343,981
Expected distribution of cash equivalents and available-for-sale debt securities	The expected maturity distribution of cash equivalents and available-for-sale debt securities is as follows (in thousands): July 2, 2016 April 2, 2016 Cost Estimated Fair Value Cost Estimated Fair Value Due in less than one year $ 71,671 $ 71,671 $ 342,163 $ 342,181 Due after ten years 2,150 1,750 2,150 1,800 Total investments in debt securities $ 73,821 $ 73,421 $ 344,313 $ 343,981
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 July 2, 2016 and April 2, 2016 (in thousands): Total Quoted Prices In Active Markets For Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) July 2, 2016 Assets: Available-for-sale securities Auction rate securities (1) $ 1,750 $ — $ 1,750 Corporate debt (2) 13,873 — 13,873 Money market funds 57,798 57,798 — Total available-for-sale securities 73,421 57,798 15,623 Invested funds in deferred compensation plan (3) 7,169 7,169 — Total assets measured at fair value $ 80,590 $ 64,967 $ 15,623 Liabilities: Deferred compensation plan obligation (3) 7,169 7,169 — Total liabilities measured at fair value $ 7,169 $ 7,169 $ — April 2, 2016 Assets: Available-for-sale securities U.S. government/agency securities $ 149,892 $ 149,892 $ — Auction rate securities (1) 1,800 — 1,800 Corporate debt (2) 45,510 — 45,510 Money market funds 146,779 146,779 — Total available-for-sale securities 343,981 296,671 47,310 Invested funds in deferred compensation plan (3) 6,468 6,468 — Total assets measured at fair value $ 350,449 $ 303,139 $ 47,310 Liabilities: Deferred compensation plan obligation (3) 6,468 6,468 — Total liabilities measured at fair value $ 6,468 $ 6,468 $ — (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 that are valued using observable market prices for identical securities that are traded in less active markets. (3) The Company's 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 assets 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.

Operating Segment Information (

Operating Segment Information (Tables)	3 Months Ended
	Jul. 02, 2016
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 July 2, June 27, Revenue: MP $ 547,077 $ 550,886 IDP 150,490 121,785 All other (1) 970 970 Total revenue $ 698,537 $ 673,641 Income (loss) from operations: MP $ 132,977 $ 173,742 IDP 34,651 14,073 All other (161,887 ) (189,150 ) Income (loss) from operations 5,741 (1,335 ) Interest expense (15,187 ) (548 ) Interest income 278 392 Other (expense) income (500 ) 4,119 (Loss) income before income taxes $ (9,668 ) $ 2,628
Summary of reconciliation of "All other" category	Three Months Ended July 2, June 27, Reconciliation of “All other” category: Stock-based compensation expense $ (30,594 ) $ (48,170 ) Amortization of intangible assets (119,345 ) (123,202 ) Acquisition and integration related costs (6,760 ) (10,415 ) Acquired inventory step-up and revaluation (1,199 ) — Restructuring and disposal costs (414 ) (1,427 ) IPR litigation costs (156 ) (148 ) Start-up costs (2,076 ) (3,710 ) Other expenses (including gain (loss) on assets and other miscellaneous corporate overhead) (1,343 ) (2,078 ) Loss from operations for “All other” $ (161,887 ) $ (189,150 )

Consolidating Financial Infor25

Consolidating Financial Information (Tables)	3 Months Ended
	Jul. 02, 2016
Consolidating Financial Information [Abstract]
Condensed Balance Sheet [Table Text Block]	Condensed Consolidating Balance Sheet July 2, 2016 (in thousands) Parent Company Guarantor Subsidiaries Non-Guarantor Subsidiaries Eliminations Consolidated ASSETS Current assets: Cash and cash equivalents $ — $ 150,131 $ 282,903 $ — $ 433,034 Short-term investments — 13,873 — — 13,873 Accounts receivable, less allowance — 75,532 325,147 — 400,679 Intercompany accounts and notes receivable — 617,320 134,392 (751,712 ) — Inventories — 118,262 439,544 (102,035 ) 455,771 Prepaid expenses — 56,469 11,860 — 68,329 Other receivables — 5,770 64,101 — 69,871 Other current assets — 43,493 370 — 43,863 Total current assets — 1,080,850 1,258,317 (853,747 ) 1,485,420 Property and equipment, net — 883,197 277,756 — 1,160,953 Goodwill — 1,953,102 221,537 — 2,174,639 Intangible assets, net — 741,188 1,068,586 (33,837 ) 1,775,937 Long-term investments — 26,000 — — 26,000 Long-term intercompany accounts and notes receivable — 424,333 131,713 (556,046 ) — Investment in subsidiaries 6,137,196 1,664,717 — (7,801,913 ) — Other non-current assets 1,023 38,619 25,396 — 65,038 Total assets $ 6,138,219 $ 6,812,006 $ 2,983,305 $ (9,245,543 ) $ 6,687,987 LIABILITIES AND STOCKHOLDERS’ EQUITY Current liabilities: Accounts payable $ — $ 99,265 $ 166,091 $ (1,878 ) $ 263,478 Intercompany accounts and notes payable — 134,392 617,320 (751,712 ) — Accrued liabilities 5,931 103,492 33,086 — 142,509 Other current liabilities — 197 14,149 — 14,346 Total current liabilities 5,931 337,346 830,646 (753,590 ) 420,333 Long-term debt 988,372 — — — 988,372 Deferred tax liabilities (103,634 ) 204,465 62,813 — 163,644 Long-term intercompany accounts and notes payable 213,974 131,713 210,359 (556,046 ) — Other long-term liabilities — 33,879 48,183 — 82,062 Total liabilities 1,104,643 707,403 1,152,001 (1,309,636 ) 1,654,411 Total stockholders’ equity 5,033,576 6,104,603 1,831,304 (7,935,907 ) 5,033,576 Total liabilities and stockholders’ equity $ 6,138,219 $ 6,812,006 $ 2,983,305 $ (9,245,543 ) $ 6,687,987 Condensed Consolidating Balance Sheet April 2, 2016 (in thousands) Parent Company Guarantor Subsidiaries Non-Guarantor Subsidiaries Eliminations Consolidated ASSETS Current assets: Cash and cash equivalents $ — $ 220,633 $ 205,248 $ — $ 425,881 Short-term investments — 186,808 — — 186,808 Accounts receivable, less allowance — 203,488 112,868 — 316,356 Intercompany accounts and notes receivable — 532,508 404,330 (936,838 ) — Inventories — 186,627 325,346 (84,422 ) 427,551 Prepaid expenses — 56,151 7,699 — 63,850 Other receivables — 37,033 10,347 — 47,380 Other current assets — 40,866 518 — 41,384 Total current assets — 1,464,114 1,066,356 (1,021,260 ) 1,509,210 Property and equipment, net — 807,586 239,495 (193 ) 1,046,888 Goodwill — 1,868,816 266,881 — 2,135,697 Intangible assets, net — 786,314 1,026,201 — 1,812,515 Long-term investments — 26,050 — — 26,050 Long-term intercompany accounts and notes receivable — 564,397 267,823 (832,220 ) — Investment in subsidiaries 6,151,119 1,645,846 — (7,796,965 ) — Other non-current assets 1,091 39,478 25,890 — 66,459 Total assets $ 6,152,210 $ 7,202,601 $ 2,892,646 $ (9,650,638 ) $ 6,596,819 LIABILITIES AND STOCKHOLDERS’ EQUITY Current liabilities: Accounts payable $ — $ 141,792 $ 66,508 $ (2,936 ) $ 205,364 Intercompany accounts and notes payable — 404,330 532,508 (936,838 ) — Accrued liabilities 25,445 93,609 18,835 — 137,889 Other current liabilities — 20,122 10,426 — 30,548 Total current liabilities 25,445 659,853 628,277 (939,774 ) 373,801 Long-term debt 988,130 — — — 988,130 Deferred tax liabilities (93,340 ) 195,462 50,038 — 152,160 Long-term intercompany accounts and notes payable 232,303 267,823 332,094 (832,220 ) — Other long-term liabilities — 39,288 43,768 — 83,056 Total liabilities 1,152,538 1,162,426 1,054,177 (1,771,994 ) 1,597,147 Total stockholders’ equity 4,999,672 6,040,175 1,838,469 (7,878,644 ) 4,999,672 Total liabilities and stockholders’ equity $ 6,152,210 $ 7,202,601 $ 2,892,646 $ (9,650,638 ) $ 6,596,819
Condensed Statement of Comprehensive Income [Table Text Block]	Condensed Consolidating Statement of Operations and Comprehensive (Loss) Income Three Months Ended July 2, 2016 (in thousands) Parent Company Guarantor Subsidiaries Non-Guarantor Subsidiaries Eliminations Consolidated Revenue $ — $ 404,978 $ 732,494 $ (438,935 ) $ 698,537 Cost of goods sold — 344,567 479,042 (401,547 ) 422,062 Gross profit — 60,411 253,452 (37,388 ) 276,475 Operating expenses: Research and development 11,669 9,840 98,487 (2,859 ) 117,137 Marketing and selling 6,058 25,534 86,612 (9,168 ) 109,036 General and administrative 12,867 2,099 19,926 (333 ) 34,559 Other operating expense — 4,093 5,941 (32 ) 10,002 Total operating expenses 30,594 41,566 210,966 (12,392 ) 270,734 Income (loss) from operations (30,594 ) 18,845 42,486 (24,996 ) 5,741 Interest expense (14,768 ) (818 ) (1,578 ) 1,977 (15,187 ) Interest income — 1,482 567 (1,771 ) 278 Other (expense) income — (321 ) (945 ) 766 (500 ) (Loss) income before income taxes (45,362 ) 19,188 40,530 (24,024 ) (9,668 ) Income tax benefit (expense) 10,295 (27,087 ) 20,785 — 3,993 Income in subsidiaries 29,392 — — (29,392 ) — Net (loss) income $ (5,675 ) $ (7,899 ) $ 61,315 $ (53,416 ) $ (5,675 ) Comprehensive (loss) income $ (6,683 ) $ (7,827 ) $ 60,235 $ (52,408 ) $ (6,683 ) Condensed Consolidating Statement of Operations and Comprehensive Income (Loss) Three Months Ended June 27, 2015 (in thousands) Parent Company Guarantor Subsidiaries Non-Guarantor Subsidiaries Eliminations Consolidated Revenue $ — $ 725,762 $ 566,828 $ (618,949 ) 673,641 Cost of goods sold — 547,523 463,940 (617,339 ) 394,124 Gross profit — 178,239 102,888 (1,610 ) 279,517 Operating expenses: Research and development 21,473 43,670 60,011 (7,944 ) 117,210 Marketing and selling 20,087 33,508 62,859 (6,809 ) 109,645 General and administrative 6,610 22,556 9,179 (2,262 ) 36,083 Other operating expense — 15,428 2,486 — 17,914 Total operating expenses 48,170 115,162 134,535 (17,015 ) 280,852 (Loss) income from operations (48,170 ) 63,077 (31,647 ) 15,405 (1,335 ) Interest expense — (886 ) (559 ) 897 (548 ) Interest income — 522 607 (737 ) 392 Other income (expense) — 4,517 (239 ) (159 ) 4,119 Income (loss) before income taxes (48,170 ) 67,230 (31,838 ) 15,406 2,628 Income tax (expense) benefit 16,083 (11,888 ) (4,787 ) — (592 ) Income in subsidiaries 34,123 — — (34,123 ) — Net income (loss) $ 2,036 $ 55,342 $ (36,625 ) $ (18,717 ) $ 2,036 Comprehensive income (loss) $ 1,077 $ 53,889 $ (36,467 ) $ (17,422 ) $ 1,077
Condensed Cash Flow Statement [Table Text Block]	Condensed Consolidating Statement of Cash Flows Three Months Ended July 2, 2016 (in thousands) Parent Company Guarantor Subsidiaries Non-Guarantor Subsidiaries Eliminations Consolidated Net cash provided by (used in) operating activities $ (23,150 ) $ (137,694 ) $ 220,233 $ — $ 59,389 Investing activities: Purchase of property and equipment — (106,301 ) (24,139 ) — (130,440 ) Purchase of a business — — (117,498 ) — (117,498 ) Proceeds from sale of property and equipment — 17 — — 17 Proceeds from maturities of available-for-sale securities — 172,920 — — 172,920 Net cash (used in) provided by investing activities — 66,636 (141,637 ) — (75,001 ) Financing activities: Debt issuance costs (2 ) — — — (2 ) Proceeds from the issuance of common stock 25,962 — — — 25,962 Tax withholding paid on behalf of employees for restricted stock units (2,810 ) — — — (2,810 ) Restricted cash associated with financing activities — 4 — — 4 Net transactions with related parties — 552 (552 ) — — Net cash provided by (used in) financing activities 23,150 556 (552 ) — 23,154 Effect of exchange rate changes on cash — — (389 ) — (389 ) Net increase (decrease) in cash and cash equivalents — (70,502 ) 77,655 — 7,153 Cash and cash equivalents at the beginning of the period — 220,633 205,248 — 425,881 Cash and cash equivalents at the end of the period $ — $ 150,131 $ 282,903 $ — $ 433,034 Condensed Consolidating Statement of Cash Flows Three Months Ended June 27, 2015 (in thousands) Parent Company Guarantor Subsidiaries Non-Guarantor Subsidiaries Eliminations Consolidated Net cash provided by operating activities $ 40,462 $ 94,864 $ 6,106 $ — $ 141,432 Investing activities: Purchase of property and equipment — (71,602 ) (17,793 ) — (89,395 ) Proceeds from sale of property and equipment — 140 — — 140 Purchase of available-for-sale securities — (86,145 ) — — (86,145 ) Proceeds from maturities and sales of available-for-sale securities — 100,263 — — 100,263 Net cash used in investing activities — (57,344 ) (17,793 ) — (75,137 ) Financing activities: Debt issuance costs (1,335 ) — — — (1,335 ) Proceeds from the issuance of common stock 18,386 — — — 18,386 Repurchase of common stock, including transaction costs (50,009 ) — — — (50,009 ) Tax withholding paid on behalf of employees for restricted stock units (7,504 ) — — — (7,504 ) Restricted cash associated with financing activities — (8 ) — — (8 ) Other financing — (3 ) — — (3 ) Net transactions with related parties — (341 ) 341 — — Net cash (used in) provided by financing activities (40,462 ) (352 ) 341 — (40,473 ) Effect of exchange rate changes on cash — — (34 ) — (34 ) Net increase (decrease) in cash and cash equivalents — 37,168 (11,380 ) — 25,788 Cash and cash equivalents at the beginning of the period — 154,332 145,482 — 299,814 Cash and cash equivalents at the end of the period $ — $ 191,500 $ 134,102 $ — $ 325,602

Net (Loss) Income Per Share (De

Net (Loss) Income Per Share (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended
	Jul. 02, 2016	Jun. 27, 2015
Numerator:
Numerator for basic and diluted net (loss) income per share — net (loss) income available to common stockholders	$ (5,675)	$ 2,036
Denominator:
Denominator for basic net (loss) income per share — weighted average shares	127,541	149,322
Effect of dilutive securities:
Stock-based awards	0	5,139
Denominator for diluted net (loss) income per share — adjusted weighted average shares and assumed conversions	127,541	154,461
Basic net income per share (in dollars per share)	$ (0.04)	$ 0.01
Diluted net income per share (in dollars per share)	$ (0.04)	$ 0.01

Net (Loss) Income Per Share (27

Net (Loss) Income Per Share (Details Textual) - shares shares in Millions	3 Months Ended
	Jul. 02, 2016	Jun. 27, 2015
Net Income (Loss) Per Share (Textual)
Approximate number of shares excluded from the computation of diluted shares outstanding	5.1	0.1

Inventories (Details)

Inventories (Details) - USD ($) $ in Thousands	Jul. 02, 2016	Apr. 02, 2016
Components of inventories
Raw materials	$ 102,910	$ 89,928
Work in process	241,276	228,626
Finished goods	111,585	108,997
Total inventories	$ 455,771	$ 427,551

Goodwill and Intangible Asset29

Goodwill and Intangible Assets (Details) $ in Thousands	3 Months Ended
	Jul. 02, 2016USD ($)
Goodwill [Roll Forward]
Goodwill, beginning balance	$ 2,135,697
Goodwill, Foreign Currency Translation Gain (Loss)	(182)
Goodwill, ending balance	2,174,639
MP
Goodwill [Roll Forward]
Goodwill, beginning balance	1,751,503
Goodwill, Acquired During Period	0
Goodwill, Foreign Currency Translation Gain (Loss)	0
Goodwill, ending balance	1,751,503
IDP
Goodwill [Roll Forward]
Goodwill, beginning balance	384,194
Goodwill, Acquired During Period	39,124
Goodwill, Foreign Currency Translation Gain (Loss)	(182)
Goodwill, ending balance	423,136
GreenPeak [Member]
Goodwill [Roll Forward]
Goodwill, Acquired During Period	$ 39,124

Goodwill and Intangible Asset30

Goodwill and Intangible Assets (Details 1) - USD ($) $ in Thousands	Jul. 02, 2016	Apr. 02, 2016
Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Assets, Gross		$ 0
Intangible assets, accumulated amortization	$ 882,291	763,640
Intangible Assets, Gross (Excluding Goodwill)	2,658,228	2,576,155
In Process Research and Development [Member]
Finite-Lived Intangible Assets [Line Items]
Indefinite-Lived Intangible Assets (Excluding Goodwill)	267,000	267,000
Licensing Agreements [Member]
Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Assets, Gross	13,346	12,446
Intangible assets, accumulated amortization	11,172	11,021
Customer Relationships
Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Assets, Gross	1,272,725	1,267,103
Intangible assets, accumulated amortization	447,072	377,357
Developed Technology
Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Assets, Gross	989,335	915,163
Intangible assets, accumulated amortization	323,989	277,736
Wafer Supply Agreement [Member]
Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Assets, Gross	20,443	20,443
Intangible assets, accumulated amortization	20,443	20,443
Trade Names [Member]
Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Assets, Gross	29,353	29,000
Intangible assets, accumulated amortization	14,529	12,083
Order or Production Backlog [Member]
Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Assets, Gross	65,000	65,000
Intangible assets, accumulated amortization	65,000	65,000
Noncompete Agreements [Member]
Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Assets, Gross	1,026
Intangible assets, accumulated amortization	$ 86	$ 0

Goodwill and Intangible Asset31

Goodwill and Intangible Assets (Details 2) $ in Thousands	Jul. 02, 2016USD ($)
Goodwill and Intangible Assets Disclosure [Abstract]
2,017	$ 505,502
2,018	542,634
2,019	455,402
2,020	206,986
2,021	$ 144,066

Goodwill and Intangible Asset32

Goodwill and Intangible Assets (Details Textual) - USD ($) $ in Thousands	Apr. 15, 2016	Jul. 02, 2016	Jun. 27, 2015	Apr. 02, 2016
Business Acquisition [Line Items]
Amortization of Intangible Assets		$ 119,400	$ 123,200
Goodwill		2,174,639		$ 2,135,697
GreenPeak [Member]
Business Acquisition [Line Items]
Finite-lived Intangible Assets Acquired	$ 82,100
Purchase price	118,700
Goodwill, Acquired During Period		39,124
Developed Technology | GreenPeak [Member]
Business Acquisition [Line Items]
Finite-lived Intangible Assets Acquired	$ 74,200
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life	7 years
Customer Relationships | GreenPeak [Member]
Business Acquisition [Line Items]
Finite-lived Intangible Assets Acquired	$ 5,600
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life	3 years
MP
Business Acquisition [Line Items]
Goodwill		1,751,503		1,751,503
Goodwill, Acquired During Period		0
IDP
Business Acquisition [Line Items]
Goodwill		423,136		$ 384,194
Goodwill, Acquired During Period		$ 39,124

Debt (Details)

Debt (Details) - USD ($) $ in Thousands	Jul. 02, 2016	Apr. 02, 2016
Debt Instrument [Line Items]
Long-term debt	$ 988,372	$ 988,130
Unamortized Debt Issuance Expense	11,628	11,870
6.75% Senior Notes due 2023 [Member]
Debt Instrument [Line Items]
Long-term debt	450,000	450,000
7.00% Senior Notes due 2025 [Member]
Debt Instrument [Line Items]
Long-term debt	$ 550,000	$ 550,000

Debt (Details Textual)

Debt (Details Textual) $ in Thousands	3 Months Ended
	Jul. 02, 2016USD ($)	Apr. 02, 2016USD ($)	Nov. 19, 2015USD ($)	Nov. 12, 2015	Apr. 07, 2015USD ($)
Debt Instrument [Line Items]
Long-term debt	$ 988,372	$ 988,130
Interest Costs Capitalized	3,000
Unamortized Debt Issuance Expense	(11,628)	(11,870)
6.75% Senior Notes due 2023 [Member]
Debt Instrument [Line Items]
Debt Instrument, Face Amount			$ 450,000
Long-term debt	$ 450,000	450,000
Stated Interest Rate	6.75%		6.75%
Debt Instrument, Redemption Price, Percentage of Principal Amount Redeemed	35.00%
Debt Instrument, Redemption Price, Percentage	106.75%
Long-term Debt, Fair Value	$ 469,100	465,800
7.00% Senior Notes due 2025 [Member]
Debt Instrument [Line Items]
Debt Instrument, Face Amount			$ 550,000
Long-term debt	$ 550,000	550,000
Stated Interest Rate	7.00%		7.00%
Debt Instrument, Redemption Price, Percentage of Principal Amount Redeemed	35.00%
Debt Instrument, Redemption Price, Percentage	107.00%
Long-term Debt, Fair Value	$ 581,600	$ 581,600
Senior Notes [Member]
Debt Instrument [Line Items]
Interest Expense, Borrowings	$ 17,500
Default interest rate increase	0.25%
Default interest rate increase increments	0.25%
Maximum default interest rate increase	1.00%
Interest Paid	$ 36,700
Bank of America Syndicate [Member] | Credit Agreement [Member]
Debt Instrument [Line Items]
Line of Credit Facility, Maximum Consolidated Total Leverage Ratio Allowed	3			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]
Long-term debt	$ 0
Line of Credit Facility, Maximum Borrowing Capacity					$ 300,000
Line of Credit Facility, Maximum amount of increase that may be requested					150,000
Bank of America Syndicate [Member] | Standby Letters of Credit [Member] | Credit Agreement [Member]
Debt Instrument [Line Items]
Line of Credit Facility, Maximum Borrowing Capacity					25,000
Bank of America Syndicate [Member] | Swingline Loan [Member] | Credit Agreement [Member]
Debt Instrument [Line Items]
Line of Credit Facility, Maximum Borrowing Capacity					$ 10,000
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, Basis Spread on Variable Rate	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%
Minimum | Eurodollar [Member] | Bank of America Syndicate [Member] | Credit Agreement [Member]
Debt Instrument [Line Items]
Stated Interest Rate	1.50%
Minimum | Base Rate [Member] | Bank of America Syndicate [Member] | Credit Agreement [Member]
Debt Instrument [Line Items]
Stated Interest Rate	0.50%
Maximum | Eurodollar [Member] | Bank of America Syndicate [Member] | Credit Agreement [Member]
Debt Instrument [Line Items]
Stated Interest Rate	2.00%
Maximum | Base Rate [Member] | Bank of America Syndicate [Member] | Credit Agreement [Member]
Debt Instrument [Line Items]
Stated Interest Rate	1.00%

Income Taxes (Details)

Income Taxes (Details) - USD ($) $ in Thousands	3 Months Ended
	Jul. 02, 2016	Jun. 27, 2015	Apr. 02, 2016
Income Tax Disclosure [Abstract]
Income tax expense	$ 3,993	$ (592)
Effective tax rate	41.30%	22.50%
Gross unrecognized tax benefits	$ 72,800		$ 69,100
Change in unrecognized tax benefits arising from increases related to current period tax positions	$ 3,700

Investments and Fair Value Me36

Investments and Fair Value Measurements (Details) - USD ($) $ in Thousands	Jul. 02, 2016	Apr. 02, 2016
Available-for-Sale securities
Cost basis	$ 73,821	$ 344,313
Gross unrealized gains		19
Gross unrealized losses	(400)	(351)
Estimated fair value	73,421	343,981
U.S. government/agency securities [Member]
Available-for-Sale securities
Cost basis		149,874
Gross unrealized gains		19
Gross unrealized losses		(1)
Estimated fair value		149,892
Auction Rate Securities [Member]
Available-for-Sale securities
Cost basis	2,150	2,150
Gross unrealized losses	(400)	(350)
Estimated fair value	1,750	1,800
Corporate Debt Securities [Member]
Available-for-Sale securities
Cost basis	13,873	45,510
Estimated fair value	13,873	45,510
Money Market Funds [Member]
Available-for-Sale securities
Cost basis	57,798	146,779
Estimated fair value	$ 57,798	$ 146,779

Investments and Fair Value Me37

Investments and Fair Value Measurements (Details 1) - Debt Securities [Member] - USD ($) $ in Thousands	Jul. 02, 2016	Apr. 02, 2016
Schedule of Expected Maturities of Cash Equivalents and Available-for-Sale Securities[Line Items]
Cost of investments in debt securities due in less than one year	$ 71,671	$ 342,163
Cost of investments in debt securities due after ten years	2,150	2,150
Cost	73,821	344,313
Estimated fair value investments in debt securities due in less than one year	71,671	342,181
Estimated fair value of investments in debt securities due after ten years	1,750	1,800
Estimated fair value	$ 73,421	$ 343,981

Investments and Fair Value Me38

Investments and Fair Value Measurements (Details 2) - Recurring [Member] - USD ($) $ in Thousands	Jul. 02, 2016	Apr. 02, 2016
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Available-for-sale securities	$ 80,590	$ 350,449
Invested funds in deferred compensation plan (3)	7,169	6,468
Total assets measured at fair value	73,421	343,981
Deferred compensation plan obligation (3)	7,169	6,468
Total liabilities measured at fair value	7,169	6,468
Quoted Prices In Active Markets For Identical Assets (Level 1) [Member]
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Available-for-sale securities	64,967	303,139
Invested funds in deferred compensation plan (3)	7,169	6,468
Total assets measured at fair value	57,798	296,671
Deferred compensation plan obligation (3)	7,169	6,468
Total liabilities measured at fair value	7,169	6,468
Significant Other Observable Inputs (Level 2) [Member]
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Available-for-sale securities	15,623	47,310
Invested funds in deferred compensation plan (3)	0	0
Total assets measured at fair value	15,623	47,310
Deferred compensation plan obligation (3)	0	0
Total liabilities measured at fair value	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		149,892
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		149,892
Auction Rate Securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Total assets measured at fair value	1,750	1,800
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	1,750	1,800
Corporate Debt Securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Total assets measured at fair value	13,873	45,510
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	13,873	45,510
Money Market Funds [Member]
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Total assets measured at fair value	57,798	146,779
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	$ 57,798	146,779
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		$ 0

Investments and Fair Value Me39

Investments and Fair Value Measurements (Details Textual) - USD ($)	3 Months Ended
	Jul. 02, 2016	Jun. 27, 2015	Apr. 02, 2016	Aug. 04, 2015
Schedule of Available-for-sale Securities [Line Items]
Available-for-sale Securities, Gross Realized Gains	$ 0	$ 4,000,000
Available-for-sale Securities, Gross Realized Losses	0	$ 0
Investments and Fair Value Measurements (Textual)
Available-for-sale Securities, Continuous Unrealized Loss Position, Twelve Months or Longer, Fair Value	400,000		$ 400,000
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value	1,800,000		55,600,000
Available-for-sale Securities, Continuous Unrealized Loss Position, Accumulated Loss	400,000		$ 400,000
Cost-method investment impairment	$ 0
Cavendish [Member]
Schedule of Available-for-sale Securities [Line Items]
Equity Method Investments				$ 25,000,000

Share Repurchases (Details)

Share Repurchases (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	Mar. 10, 2016	Feb. 16, 2016	Jul. 02, 2016	Oct. 03, 2015	Jun. 27, 2015	Apr. 02, 2016	Nov. 05, 2015	Aug. 11, 2015	Feb. 05, 2015
February 2015 Program [Member]
Class of Stock [Line Items]
Stock Repurchase Program, Authorized Amount									$ 200
Stock Repurchased During Period, Shares			2.4		0.6
Shares Acquired Average Cost Per Share					$ 83.10	$ 63.14
August 2015 Program [Member]
Class of Stock [Line Items]
Stock Repurchase Program, Authorized Amount								$ 400
Stock Repurchased During Period, Shares			7.3
Shares Acquired Average Cost Per Share				$ 54.75
November 2015 Program [Member]
Class of Stock [Line Items]
Stock Repurchase Program, Authorized Amount							$ 1,000
Accelerated Share Repurchases, Settlement (Payment) or Receipt		$ 500
Stock Repurchased During Period, Shares						14.6
Stock Repurchased During Period, Value			$ 750
Accelerated Share Repurchases, Shares Received			10.4
Collared Agreement [Member]
Class of Stock [Line Items]
Accelerated Share Repurchases, Shares Received	2
Collared Agreement [Member] | November 2015 Program [Member]
Class of Stock [Line Items]
Stock Repurchase Program, Authorized Amount		$ 250
Accelerated Share Repurchases, Shares Received		3.1	0.4
Accelerated Share Repurchases, percent		50.00%
Accelerated Share Repurchases, Initial Price Paid Per Share		$ 40.78
Uncollared Agreement [Member] | November 2015 Program [Member]
Class of Stock [Line Items]
Stock Repurchase Program, Authorized Amount		$ 250
Accelerated Share Repurchases, Shares Received		4.9
Accelerated Share Repurchases, percent		80.00%
Accelerated Share Repurchases, Initial Price Paid Per Share		$ 40.78

Operating Segment Information41

Operating Segment Information (Details) - USD ($) $ in Thousands	3 Months Ended
	Jul. 02, 2016	Jun. 27, 2015
Revenue:
Net revenue	$ 698,537	$ 673,641
Income from operations:
Loss from operations for “All other”	5,741	(1,335)
Interest expense (Note 5)	(15,187)	(548)
Interest income	278	392
Other (expense) income	(500)	4,119
(Loss) income before income taxes	(9,668)	2,628
Operating Segments | MP
Revenue:
Net revenue	547,077	550,886
Income from operations:
Loss from operations for “All other”	132,977	173,742
Operating Segments | IDP
Revenue:
Net revenue	150,490	121,785
Income from operations:
Loss from operations for “All other”	34,651	14,073
All other
Revenue:
Net revenue	970	970
Income from operations:
Loss from operations for “All other”	$ (161,887)	$ (189,150)

Operating Segment Information42

Operating Segment Information (Details 1) - USD ($) $ in Thousands	3 Months Ended
	Jul. 02, 2016	Jun. 27, 2015
Reconciliation of "All other" category:
Stock-based compensation expense	$ (30,594)	$ (48,170)
Amortization of intangible assets	(119,400)	(123,200)
Loss from operations for “All other”	5,741	(1,335)
All other
Reconciliation of "All other" category:
Stock-based compensation expense	(30,594)	(48,170)
Amortization of intangible assets	(119,345)	(123,202)
Acquisition and integration related costs	(6,760)	(10,415)
Acquired inventory step-up and revaluation	(1,199)	0
Restructuring and disposal costs	(414)	(1,427)
IPR litigation costs	(156)	(148)
Start-up costs	(2,076)	(3,710)
Other expenses (including gain (loss) on assets and other miscellaneous corporate overhead)	(1,343)	(2,078)
Loss from operations for “All other”	$ (161,887)	$ (189,150)

Consolidating Financial Infor43

Consolidating Financial Information Condensed Consolidating Balance Sheets (Details) - USD ($) $ in Thousands	Jul. 02, 2016	Apr. 02, 2016	Jun. 27, 2015	Mar. 28, 2015
Cash and Cash Equivalents, at Carrying Value	$ 433,034	$ 425,881	$ 325,602	$ 299,814
Short-term Investments	13,873	186,808
Accounts Receivable, Net, Current	400,679	316,356
Intercompany receivables	0	0
Inventory, Net	455,771	427,551
Prepaid Expense, Current	68,329	63,850
Other Receivables	69,871	47,380
Other Assets, Current	43,863	41,384
Total current assets	1,485,420	1,509,210
Property, Plant and Equipment, Net	1,160,953	1,046,888
Goodwill	2,174,639	2,135,697
Finite-Lived Intangible Assets, Net	1,775,937	1,812,515
Long-term Investments	26,000	26,050
Intercompany Notes Receivable, Long-Term	0	0
Investment in subsidiaries	0	0
Other Assets, Noncurrent	65,038	66,459
Total assets	6,687,987	6,596,819
Accounts Payable, Current	263,478	205,364
Intercompany accounts and notes payable	0	0
Accrued Liabilities, Current	142,509	137,889
Other Liabilities, Current	14,346	30,548
Total current liabilities	420,333	373,801
Long-term debt	988,372	988,130
Deferred tax liabilities (Note 6)	163,644	152,160
Intercompany accounts and notes payable, long-term	0	0
Other Liabilities, Noncurrent	82,062	83,056
Total liabilities	1,654,411	1,597,147
Stockholders' Equity Attributable to Parent	5,033,576	4,999,672
Liabilities and Equity	6,687,987	6,596,819
Guarantor Subsidiaries
Cash and Cash Equivalents, at Carrying Value	150,131	220,633	191,500	154,332
Short-term Investments	13,873	186,808
Accounts Receivable, Net, Current	75,532	203,488
Intercompany receivables	617,320	532,508
Inventory, Net	118,262	186,627
Prepaid Expense, Current	56,469	56,151
Other Receivables	5,770	37,033
Other Assets, Current	43,493	40,866
Total current assets	1,080,850	1,464,114
Property, Plant and Equipment, Net	883,197	807,586
Goodwill	1,953,102	1,868,816
Finite-Lived Intangible Assets, Net	741,188	786,314
Long-term Investments	26,000	26,050
Intercompany Notes Receivable, Long-Term	424,333	564,397
Investment in subsidiaries	1,664,717	1,645,846
Other Assets, Noncurrent	38,619	39,478
Total assets	6,812,006	7,202,601
Accounts Payable, Current	99,265	141,792
Intercompany accounts and notes payable	134,392	404,330
Accrued Liabilities, Current	103,492	93,609
Other Liabilities, Current	197	20,122
Total current liabilities	337,346	659,853
Long-term debt	0	0
Deferred tax liabilities (Note 6)	204,465	195,462
Intercompany accounts and notes payable, long-term	131,713	267,823
Other Liabilities, Noncurrent	33,879	39,288
Total liabilities	707,403	1,162,426
Stockholders' Equity Attributable to Parent	6,104,603	6,040,175
Liabilities and Equity	6,812,006	7,202,601
Non-Guarantor Subsidiaries
Cash and Cash Equivalents, at Carrying Value	282,903	205,248	134,102	145,482
Short-term Investments	0	0
Accounts Receivable, Net, Current	325,147	112,868
Intercompany receivables	134,392	404,330
Inventory, Net	439,544	325,346
Prepaid Expense, Current	11,860	7,699
Other Receivables	64,101	10,347
Other Assets, Current	370	518
Total current assets	1,258,317	1,066,356
Property, Plant and Equipment, Net	277,756	239,495
Goodwill	221,537	266,881
Finite-Lived Intangible Assets, Net	1,068,586	1,026,201
Long-term Investments	0	0
Intercompany Notes Receivable, Long-Term	131,713	267,823
Investment in subsidiaries	0	0
Other Assets, Noncurrent	25,396	25,890
Total assets	2,983,305	2,892,646
Accounts Payable, Current	166,091	66,508
Intercompany accounts and notes payable	617,320	532,508
Accrued Liabilities, Current	33,086	18,835
Other Liabilities, Current	14,149	10,426
Total current liabilities	830,646	628,277
Long-term debt	0	0
Deferred tax liabilities (Note 6)	62,813	50,038
Intercompany accounts and notes payable, long-term	210,359	332,094
Other Liabilities, Noncurrent	48,183	43,768
Total liabilities	1,152,001	1,054,177
Stockholders' Equity Attributable to Parent	1,831,304	1,838,469
Liabilities and Equity	2,983,305	2,892,646
Eliminations
Cash and Cash Equivalents, at Carrying Value	0	0	0	0
Short-term Investments	0	0
Accounts Receivable, Net, Current	0	0
Intercompany receivables	(751,712)	(936,838)
Inventory, Net	(102,035)	(84,422)
Prepaid Expense, Current	0	0
Other Receivables	0	0
Other Assets, Current		0
Total current assets	(853,747)	(1,021,260)
Property, Plant and Equipment, Net	0	(193)
Goodwill	0	0
Finite-Lived Intangible Assets, Net	(33,837)	0
Long-term Investments	0	0
Intercompany Notes Receivable, Long-Term	(556,046)	(832,220)
Investment in subsidiaries	(7,801,913)	(7,796,965)
Other Assets, Noncurrent	0	0
Total assets	(9,245,543)	(9,650,638)
Accounts Payable, Current	(1,878)	(2,936)
Intercompany accounts and notes payable	(751,712)	(936,838)
Accrued Liabilities, Current	0	0
Other Liabilities, Current	0
Total current liabilities	(753,590)	(939,774)
Long-term debt	0	0
Deferred tax liabilities (Note 6)	0	0
Intercompany accounts and notes payable, long-term	(556,046)	(832,220)
Other Liabilities, Noncurrent	0	0
Total liabilities	(1,309,636)	(1,771,994)
Stockholders' Equity Attributable to Parent	(7,935,907)	(7,878,644)
Liabilities and Equity	(9,245,543)	(9,650,638)
Parent Company
Cash and Cash Equivalents, at Carrying Value	0	0	$ 0	$ 0
Short-term Investments	0	0
Accounts Receivable, Net, Current	0	0
Intercompany receivables	0	0
Inventory, Net	0	0
Prepaid Expense, Current	0	0
Other Receivables	0	0
Other Assets, Current	0	0
Total current assets	0	0
Property, Plant and Equipment, Net	0	0
Goodwill	0	0
Finite-Lived Intangible Assets, Net	0	0
Long-term Investments	0	0
Intercompany Notes Receivable, Long-Term	0	0
Investment in subsidiaries	6,137,196	6,151,119
Other Assets, Noncurrent	1,023	1,091
Total assets	6,138,219	6,152,210
Accounts Payable, Current	0	0
Intercompany accounts and notes payable	0	0
Accrued Liabilities, Current	5,931	25,445
Other Liabilities, Current	0	0
Total current liabilities	5,931	25,445
Long-term debt	988,372	988,130
Deferred tax liabilities (Note 6)	(103,634)	(93,340)
Intercompany accounts and notes payable, long-term	213,974	232,303
Other Liabilities, Noncurrent	0	0
Total liabilities	1,104,643	1,152,538
Stockholders' Equity Attributable to Parent	5,033,576	4,999,672
Liabilities and Equity	$ 6,138,219	$ 6,152,210

Consolidating Financial Infor44

Consolidating Financial Information Condensed Consolidating Statements of Comprehensive Income (Details) - USD ($) $ in Thousands	3 Months Ended
	Jul. 02, 2016	Jun. 27, 2015
Revenue	$ 698,537	$ 673,641
Cost of Goods Sold	422,062	394,124
Gross profit	276,475	279,517
Research and Development Expense	117,137	117,210
Selling and Marketing Expense	109,036	109,645
General and Administrative Expense	34,559	36,083
Other Operating Income (Expense), Net	10,002	17,914
Total operating expenses	270,734	280,852
Income (loss) from operations	5,741	(1,335)
Interest Expense	(15,187)	(548)
Interest income	278	392
Income (Loss) from Subsidiaries, before Tax	0	0
Other Nonoperating Income (Expense)	(500)	4,119
(Loss) income before income taxes	(9,668)	2,628
Income tax expense	3,993	(592)
Net (loss) income	(5,675)	2,036
Comprehensive Income (Loss), Net of Tax, Attributable to Parent	(6,683)	1,077
Parent Company
Revenue	0	0
Cost of Goods Sold	0	0
Gross profit	0	0
Research and Development Expense	11,669	21,473
Selling and Marketing Expense	6,058	20,087
General and Administrative Expense	12,867	6,610
Other Operating Income (Expense), Net	0	0
Total operating expenses	30,594	48,170
Income (loss) from operations	(30,594)	(48,170)
Interest Expense	(14,768)	0
Interest income	0	0
Income (Loss) from Subsidiaries, before Tax	29,392	34,123
Other Nonoperating Income (Expense)	0	0
(Loss) income before income taxes	(45,362)	(48,170)
Income tax expense	10,295	16,083
Net (loss) income	(5,675)	2,036
Comprehensive Income (Loss), Net of Tax, Attributable to Parent	(6,683)	1,077
Guarantor Subsidiaries
Revenue	404,978	725,762
Cost of Goods Sold	344,567	547,523
Gross profit	60,411	178,239
Research and Development Expense	9,840	43,670
Selling and Marketing Expense	25,534	33,508
General and Administrative Expense	2,099	22,556
Other Operating Income (Expense), Net	4,093	15,428
Total operating expenses	41,566	115,162
Income (loss) from operations	18,845	63,077
Interest Expense	(818)	(886)
Interest income	1,482	522
Income (Loss) from Subsidiaries, before Tax	0	0
Other Nonoperating Income (Expense)	(321)	4,517
(Loss) income before income taxes	19,188	67,230
Income tax expense	(27,087)	(11,888)
Net (loss) income	(7,899)	55,342
Comprehensive Income (Loss), Net of Tax, Attributable to Parent	(7,827)	53,889
Non-Guarantor Subsidiaries
Revenue	732,494	566,828
Cost of Goods Sold	479,042	463,940
Gross profit	253,452	102,888
Research and Development Expense	98,487	60,011
Selling and Marketing Expense	86,612	62,859
General and Administrative Expense	19,926	9,179
Other Operating Income (Expense), Net	5,941	2,486
Total operating expenses	210,966	134,535
Income (loss) from operations	42,486	(31,647)
Interest Expense	(1,578)	(559)
Interest income	567	607
Income (Loss) from Subsidiaries, before Tax	0	0
Other Nonoperating Income (Expense)	(945)	(239)
(Loss) income before income taxes	40,530	(31,838)
Income tax expense	20,785	(4,787)
Net (loss) income	61,315	(36,625)
Comprehensive Income (Loss), Net of Tax, Attributable to Parent	60,235	(36,467)
Eliminations
Revenue	(438,935)	(618,949)
Cost of Goods Sold	(401,547)	(617,339)
Gross profit	(37,388)	(1,610)
Research and Development Expense	(2,859)	(7,944)
Selling and Marketing Expense	(9,168)	(6,809)
General and Administrative Expense	(333)	(2,262)
Other Operating Income (Expense), Net	(32)	0
Total operating expenses	(12,392)	(17,015)
Income (loss) from operations	(24,996)	15,405
Interest Expense	1,977	897
Interest income	(1,771)	(737)
Income (Loss) from Subsidiaries, before Tax	(29,392)	(34,123)
Other Nonoperating Income (Expense)	766	(159)
(Loss) income before income taxes	(24,024)	15,406
Income tax expense	0	0
Net (loss) income	(53,416)	(18,717)
Comprehensive Income (Loss), Net of Tax, Attributable to Parent	$ (52,408)	$ (17,422)

Consolidating Financial Infor45

Consolidating Financial Information Condensed Consolidating Statements of Cash Flows (Details) - USD ($) $ in Thousands	3 Months Ended
	Jul. 02, 2016	Jun. 27, 2015	Apr. 02, 2016	Mar. 28, 2015
Net Cash Provided by (Used in) Operating Activities	$ 59,389	$ 141,432
Payments to Acquire Property, Plant, and Equipment	(130,440)	(89,395)
Payments to Acquire Businesses, Net of Cash Acquired	(117,498)	0
Proceeds from Sale of Property, Plant, and Equipment	17	140
Payments to Acquire Available-for-sale Securities	0	(86,145)
Proceeds from maturities and sales of available-for-sale securities	172,920	100,263
Net Cash Provided by (Used in) Investing Activities	(75,001)	(75,137)
Debt issuance costs	(2)	(1,335)
Proceeds from Issuance of Shares under Incentive and Share-based Compensation Plans, Including Stock Options	25,962	18,386
Payments for Repurchase of Common Stock	0	(50,009)
Payments Related to Tax Withholding for Share-based Compensation	(2,810)	(7,504)
Proceeds from (Repayments of) Restricted Cash, Financing Activities	4	(8)
Other financing	0	(3)
Net transactions with related parties	0	0
Net Cash Provided by (Used in) Financing Activities	23,154	(40,473)
Effect of Exchange Rate on Cash and Cash Equivalents	(389)	(34)
Cash and Cash Equivalents, Period Increase (Decrease)	7,153	25,788
Cash and Cash Equivalents, at Carrying Value	433,034	325,602	$ 425,881	$ 299,814
Parent Company
Net Cash Provided by (Used in) Operating Activities	(23,150)	40,462
Payments to Acquire Property, Plant, and Equipment	0	0
Payments to Acquire Businesses, Net of Cash Acquired	0
Proceeds from Sale of Property, Plant, and Equipment	0	0
Payments to Acquire Available-for-sale Securities		0
Proceeds from maturities and sales of available-for-sale securities	0	0
Net Cash Provided by (Used in) Investing Activities	0	0
Debt issuance costs	(2)	(1,335)
Proceeds from Issuance of Shares under Incentive and Share-based Compensation Plans, Including Stock Options	25,962	18,386
Payments for Repurchase of Common Stock		(50,009)
Payments Related to Tax Withholding for Share-based Compensation	(2,810)	(7,504)
Proceeds from (Repayments of) Restricted Cash, Financing Activities	0	0
Other financing		0
Net transactions with related parties	0	0
Net Cash Provided by (Used in) Financing Activities	23,150	(40,462)
Effect of Exchange Rate on Cash and Cash Equivalents	0	0
Cash and Cash Equivalents, Period Increase (Decrease)	0	0
Cash and Cash Equivalents, at Carrying Value	0	0	0	0
Guarantor Subsidiaries
Net Cash Provided by (Used in) Operating Activities	(137,694)	94,864
Payments to Acquire Property, Plant, and Equipment	(106,301)	(71,602)
Payments to Acquire Businesses, Net of Cash Acquired	0
Proceeds from Sale of Property, Plant, and Equipment	17	140
Payments to Acquire Available-for-sale Securities		(86,145)
Proceeds from maturities and sales of available-for-sale securities	172,920	100,263
Net Cash Provided by (Used in) Investing Activities	66,636	(57,344)
Debt issuance costs	0	0
Proceeds from Issuance of Shares under Incentive and Share-based Compensation Plans, Including Stock Options	0	0
Payments for Repurchase of Common Stock		0
Payments Related to Tax Withholding for Share-based Compensation	0	0
Proceeds from (Repayments of) Restricted Cash, Financing Activities	4	(8)
Other financing		(3)
Net transactions with related parties	552	(341)
Net Cash Provided by (Used in) Financing Activities	556	(352)
Effect of Exchange Rate on Cash and Cash Equivalents	0	0
Cash and Cash Equivalents, Period Increase (Decrease)	(70,502)	37,168
Cash and Cash Equivalents, at Carrying Value	150,131	191,500	220,633	154,332
Non-Guarantor Subsidiaries
Net Cash Provided by (Used in) Operating Activities	220,233	6,106
Payments to Acquire Property, Plant, and Equipment	(24,139)	(17,793)
Payments to Acquire Businesses, Net of Cash Acquired	(117,498)
Proceeds from Sale of Property, Plant, and Equipment	0	0
Payments to Acquire Available-for-sale Securities		0
Proceeds from maturities and sales of available-for-sale securities	0	0
Net Cash Provided by (Used in) Investing Activities	(141,637)	(17,793)
Debt issuance costs	0	0
Proceeds from Issuance of Shares under Incentive and Share-based Compensation Plans, Including Stock Options	0	0
Payments for Repurchase of Common Stock		0
Payments Related to Tax Withholding for Share-based Compensation	0	0
Proceeds from (Repayments of) Restricted Cash, Financing Activities	0	0
Other financing		0
Net transactions with related parties	(552)	341
Net Cash Provided by (Used in) Financing Activities	(552)	341
Effect of Exchange Rate on Cash and Cash Equivalents	(389)	(34)
Cash and Cash Equivalents, Period Increase (Decrease)	77,655	(11,380)
Cash and Cash Equivalents, at Carrying Value	282,903	134,102	205,248	145,482
Eliminations
Net Cash Provided by (Used in) Operating Activities	0	0
Payments to Acquire Property, Plant, and Equipment	0	0
Payments to Acquire Businesses, Net of Cash Acquired	0
Proceeds from Sale of Property, Plant, and Equipment	0	0
Payments to Acquire Available-for-sale Securities		0
Proceeds from maturities and sales of available-for-sale securities	0	0
Net Cash Provided by (Used in) Investing Activities	0	0
Debt issuance costs	0	0
Proceeds from Issuance of Shares under Incentive and Share-based Compensation Plans, Including Stock Options	0	0
Payments for Repurchase of Common Stock		0
Payments Related to Tax Withholding for Share-based Compensation	0	0
Proceeds from (Repayments of) Restricted Cash, Financing Activities	0	0
Other financing		0
Net transactions with related parties	0	0
Net Cash Provided by (Used in) Financing Activities	0	0
Effect of Exchange Rate on Cash and Cash Equivalents	0	0
Cash and Cash Equivalents, Period Increase (Decrease)	0	0
Cash and Cash Equivalents, at Carrying Value	$ 0	$ 0	$ 0	$ 0