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 a direct or indirect wholly owned subsidiary of the 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 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 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 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 Company, guarantor or non-guarantor subsidiaries operated as independent entities. Condensed Consolidating Balance Sheet October 1, 2016 (in thousands) Parent Company Guarantor Subsidiaries Non-Guarantor Subsidiaries Eliminations Consolidated ASSETS Current assets: Cash and cash equivalents $ — $ 195,307 $ 273,912 $ — $ 469,219 Accounts receivable, less allowance — 52,707 439,934 (1,152 ) 491,489 Intercompany accounts and notes receivable — 636,122 71,542 (707,664 ) — Inventories — 97,206 416,982 (77,053 ) 437,135 Prepaid expenses — 50,024 8,555 — 58,579 Other receivables — 5,830 72,192 — 78,022 Other current assets — 47,752 340 — 48,092 Total current assets — 1,084,948 1,283,457 (785,869 ) 1,582,536 Property and equipment, net — 924,409 315,641 — 1,240,050 Goodwill — 1,953,102 221,816 — 2,174,918 Intangible assets, net — 696,062 960,096 — 1,656,158 Long-term investments — 26,002 8,900 — 34,902 Long-term intercompany accounts and notes receivable — 398,243 129,734 (527,977 ) — Investment in subsidiaries 6,144,541 1,664,717 — (7,809,258 ) — Other non-current assets 955 37,666 24,437 — 63,058 Total assets $ 6,145,496 $ 6,785,149 $ 2,944,081 $ (9,123,104 ) $ 6,751,622 LIABILITIES AND STOCKHOLDERS’ EQUITY Current liabilities: Accounts payable $ — $ 116,802 $ 206,894 $ — $ 323,696 Intercompany accounts and notes payable — 71,542 636,122 (707,664 ) — Accrued liabilities 23,152 144,233 44,835 — 212,220 Other current liabilities — 715 20,814 — 21,529 Total current liabilities 23,152 333,292 908,665 (707,664 ) 557,445 Long-term debt 988,625 — — — 988,625 Deferred tax liabilities (113,216 ) 211,501 48,642 — 146,927 Long-term intercompany accounts and notes payable 270,559 129,734 127,684 (527,977 ) — Other long-term liabilities — 33,369 48,880 — 82,249 Total liabilities 1,169,120 707,896 1,133,871 (1,235,641 ) 1,775,246 Total stockholders’ equity 4,976,376 6,077,253 1,810,210 (7,887,463 ) 4,976,376 Total liabilities and stockholders’ equity $ 6,145,496 $ 6,785,149 $ 2,944,081 $ (9,123,104 ) $ 6,751,622 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 Income (Loss) Three Months Ended October 1, 2016 (in thousands) Parent Company Guarantor Subsidiaries Non-Guarantor Subsidiaries Eliminations Consolidated Revenue $ — $ 272,065 $ 842,144 $ (249,511 ) $ 864,698 Cost of goods sold — 240,837 529,298 (222,236 ) 547,899 Gross profit — 31,228 312,846 (27,275 ) 316,799 Operating expenses: Research and development 6,248 12,427 115,044 (7,641 ) 126,078 Marketing and selling 1,796 33,251 84,910 (11,829 ) 108,128 General and administrative 17,998 13,929 7,790 (9,262 ) 30,455 Other operating expense — 94 1,012 5,639 6,745 Total operating expenses 26,042 59,701 208,756 (23,093 ) 271,406 Income (loss) from operations (26,042 ) (28,473 ) 104,090 (4,182 ) 45,393 Interest expense (15,167 ) (589 ) (1,741 ) 1,943 (15,554 ) Interest income — 1,510 624 (1,942 ) 192 Other (expense) income — 189 1,780 (2,280 ) (311 ) Income (loss) before income taxes (41,209 ) (27,363 ) 104,753 (6,461 ) 29,720 Income tax (expense) benefit 9,581 (23,457 ) (3,997 ) — (17,873 ) Income in subsidiaries 43,475 — — (43,475 ) — Net income (loss) $ 11,847 $ (50,820 ) $ 100,756 $ (49,936 ) $ 11,847 Comprehensive income (loss) $ 12,258 $ (50,819 ) $ 101,166 $ (50,347 ) $ 12,258 Condensed Consolidating Statement of Operations and Comprehensive Income (Loss) Three Months Ended October 3, 2015 (in thousands) Parent Company Guarantor Subsidiaries Non-Guarantor Subsidiaries Eliminations Consolidated Revenue $ — $ 640,261 $ 697,459 $ (629,385 ) $ 708,335 Cost of goods sold — 491,627 538,663 (606,803 ) 423,487 Gross profit — 148,634 158,796 (22,582 ) 284,848 Operating expenses: Research and development 16,802 48,962 59,942 (7,413 ) 118,293 Marketing and selling 14,949 28,155 66,751 (3,930 ) 105,925 General and administrative 3,979 17,039 27,722 (19,671 ) 29,069 Other operating expense — 13,121 399 2 13,522 Total operating expenses 35,730 107,277 154,814 (31,012 ) 266,809 Income (loss) from operations (35,730 ) 41,357 3,982 8,430 18,039 Interest expense (579 ) (504 ) (596 ) 1,019 (660 ) Interest income — 625 705 (858 ) 472 Other income (expense) — (1,515 ) (165 ) 2,061 381 Income (loss) before income taxes (36,309 ) 39,963 3,926 10,652 18,232 Income tax (expense) benefit 9,566 (4,736 ) (18,614 ) — (13,784 ) Income in subsidiaries 31,191 — — (31,191 ) — Net income (loss) $ 4,448 $ 35,227 $ (14,688 ) $ (20,539 ) $ 4,448 Comprehensive income (loss) $ 4,250 $ 35,093 $ (14,751 ) $ (20,342 ) $ 4,250 Condensed Consolidating Statement of Operations and Comprehensive Income (Loss) Six Months Ended October 1, 2016 (in thousands) Parent Company Guarantor Subsidiaries Non-Guarantor Subsidiaries Eliminations Consolidated Revenue $ — $ 677,043 $ 1,574,638 $ (688,446 ) $ 1,563,235 Cost of goods sold — 585,404 1,008,340 (623,783 ) 969,961 Gross profit — 91,639 566,298 (64,663 ) 593,274 Operating expenses: Research and development 17,917 22,267 213,531 (10,500 ) 243,215 Marketing and selling 7,854 58,785 171,522 (20,997 ) 217,164 General and administrative 30,865 16,028 27,716 (9,595 ) 65,014 Other operating expense — 4,187 6,953 5,607 16,747 Total operating expenses 56,636 101,267 419,722 (35,485 ) 542,140 Income (loss) from operations (56,636 ) (9,628 ) 146,576 (29,178 ) 51,134 Interest expense (29,935 ) (1,407 ) (3,319 ) 3,920 (30,741 ) Interest income — 2,992 1,191 (3,713 ) 470 Other (expense) income — (132 ) 835 (1,514 ) (811 ) Income (loss) before income taxes (86,571 ) (8,175 ) 145,283 (30,485 ) 20,052 Income tax (expense) benefit 19,876 (50,544 ) 16,788 — (13,880 ) Income in subsidiaries 72,867 — — (72,867 ) — Net income (loss) $ 6,172 $ (58,719 ) $ 162,071 $ (103,352 ) $ 6,172 Comprehensive income (loss) $ 5,575 $ (58,646 ) $ 161,401 $ (102,755 ) $ 5,575 Condensed Consolidating Statement of Operations and Comprehensive Income (Loss) Six Months Ended October 3, 2015 (in thousands) Parent Company Guarantor Subsidiaries Non-Guarantor Subsidiaries Eliminations Consolidated Revenue $ — $ 1,366,023 $ 1,264,287 $ (1,248,334 ) $ 1,381,976 Cost of goods sold — 1,039,150 1,002,603 (1,224,142 ) 817,611 Gross profit — 326,873 261,684 (24,192 ) 564,365 Operating expenses: Research and development 38,275 92,632 119,953 (15,357 ) 235,503 Marketing and selling 35,036 61,663 129,610 (10,739 ) 215,570 General and administrative 10,589 39,595 36,901 (21,933 ) 65,152 Other operating expense — 28,549 2,885 2 31,436 Total operating expenses 83,900 222,439 289,349 (48,027 ) 547,661 Income (loss) from operations (83,900 ) 104,434 (27,665 ) 23,835 16,704 Interest expense (579 ) (1,390 ) (1,155 ) 1,916 (1,208 ) Interest income — 1,147 1,312 (1,595 ) 864 Other income (expense) — 3,002 (404 ) 1,902 4,500 Income (loss) before income taxes (84,479 ) 107,193 (27,912 ) 26,058 20,860 Income tax (expense) benefit 25,649 (16,624 ) (23,401 ) — (14,376 ) Income in subsidiaries 65,314 — — (65,314 ) — Net income (loss) $ 6,484 $ 90,569 $ (51,313 ) $ (39,256 ) $ 6,484 Comprehensive income (loss) $ 5,327 $ 89,318 $ (51,219 ) $ (38,099 ) $ 5,327 Condensed Consolidating Statement of Cash Flows Six Months Ended October 1, 2016 (in thousands) Parent Company Guarantor Subsidiaries Non-Guarantor Subsidiaries Eliminations Consolidated Net cash provided by (used in) operating activities $ 79,030 $ (27,693 ) $ 258,050 $ — $ 309,387 Investing activities: Purchase of property and equipment — (189,037 ) (61,382 ) — (250,419 ) Purchase of a business — — (118,173 ) — (118,173 ) Purchase of available-for-sale securities — (469 ) — — (469 ) Proceeds from maturities and sales of available-for-sale securities — 186,793 — — 186,793 Other investing activities — 4,190 (8,900 ) — (4,710 ) Net cash (used in) provided by investing activities — 1,477 (188,455 ) — (186,978 ) Financing activities: Excess tax benefit from exercises of stock options 56 — — — 56 Proceeds from the issuance of common stock 27,077 — — — 27,077 Repurchase of common stock, including transaction costs (91,400 ) — — — (91,400 ) Tax withholding paid on behalf of employees for restricted stock units (14,763 ) — — — (14,763 ) Other financing — (3 ) — — (3 ) Net transactions with related parties — 893 (893 ) — — Net cash provided by (used in) financing activities (79,030 ) 890 (893 ) — (79,033 ) Effect of exchange rate changes on cash — — (38 ) — (38 ) Net increase (decrease) in cash and cash equivalents — (25,326 ) 68,664 — 43,338 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 $ — $ 195,307 $ 273,912 $ — $ 469,219 Condensed Consolidating Statement of Cash Flows Six Months Ended October 3, 2015 (in thousands) Parent Company Guarantor Subsidiaries Non-Guarantor Subsidiaries Eliminations Consolidated Net cash provided by operating activities $ 466,001 $ (110,207 ) $ (45,567 ) $ — $ 310,227 Investing activities: Purchase of property and equipment — (156,030 ) (13,656 ) — (169,686 ) Purchase of available-for-sale securities — (150,104 ) — — (150,104 ) Proceeds from maturities and sales of available-for-sale securities — 370,067 — — 370,067 Other investing activities — (24,745 ) — — (24,745 ) Net cash used in investing activities — 39,188 (13,656 ) — 25,532 Financing activities: Proceeds from debt 125,000 — — — 125,000 Payment of debt (50,000 ) — — — (50,000 ) Debt issuance costs (1,339 ) — — — (1,339 ) Proceeds from the issuance of common stock 29,708 — — — 29,708 Repurchase of common stock, including transaction costs (549,940 ) — — — (549,940 ) Tax withholding paid on behalf of employees for restricted stock units (19,430 ) — — — (19,430 ) Other financing — 83 — — 83 Net transactions with related parties — (709 ) 709 — — Net cash (used in) provided by financing activities (466,001 ) (626 ) 709 — (465,918 ) Effect of exchange rate changes on cash — — (58 ) — (58 ) Net increase (decrease) in cash and cash equivalents — (71,645 ) (58,572 ) — (130,217 ) 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 $ — $ 82,687 $ 86,910 $ — $ 169,597 |