Qorvo (QRVO) 10-Q 3 Nov 17 2018 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
	Sep. 30, 2017	Oct. 24, 2017
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	Sep. 30, 2017
Amendment Flag	false
Document Fiscal Year Focus	2,018
Document Fiscal Period Focus	Q2
Current Fiscal Year End Date	--03-31
Entity Filer Category	Large Accelerated Filer
Entity Common Stock, Shares Outstanding		127,148,094

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets (Unaudited) - USD ($) $ in Thousands	Sep. 30, 2017	Apr. 01, 2017
Current assets:
Cash and cash equivalents (Note 8)	$ 574,873	$ 545,463
Accounts receivable, less allowance of $157 and $58 as of September 30, 2017 and April 1, 2017, respectively	459,761	357,948
Inventories (Note 4)	461,005	430,454
Prepaid expenses	33,381	36,229
Other receivables	50,476	65,247
Other current assets	28,712	26,264
Total current assets	1,608,208	1,461,605
Property and equipment, net of accumulated depreciation of $1,061,360 at September 30, 2017 and $981,328 at April 1, 2017	1,443,392	1,391,932
Goodwill	2,173,889	2,173,914
Intangible assets, net (Note 5)	1,130,036	1,400,563
Long-term investments (Note 8)	66,085	35,494
Other non-current assets	56,470	58,815
Total assets	6,478,080	6,522,323
Current liabilities:
Accounts payable	212,750	216,246
Accrued liabilities	184,185	170,584
Other current liabilities	26,067	31,998
Total current liabilities	423,002	418,828
Long-term debt (Note 6)	989,692	989,154
Deferred tax liabilities (Note 7)	74,168	131,511
Other long-term liabilities	86,642	86,108
Total liabilities	1,573,504	1,625,601
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; 405,000,000 shares authorized; 127,137,000 and 126,464,000 shares issued and outstanding at September 30, 2017 and April 1, 2017, respectively	5,321,741	5,357,394
Accumulated other comprehensive loss, net of tax	(3,979)	(4,306)
Accumulated deficit	(413,186)	(456,366)
Total stockholders’ equity	4,904,576	4,896,722
Total liabilities and stockholders’ equity	$ 6,478,080	$ 6,522,323

Condensed Consolidated Balance3

Condensed Consolidated Balance Sheets (Unaudited) (Parenthetical) - USD ($) $ in Thousands	Sep. 30, 2017	Apr. 01, 2017
Statement of Financial Position [Abstract]
Allowance for accounts receivable	$ 157	$ 58
Property and equipment, accumulated depreciation	$ 1,061,360	$ 981,328
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	127,137,000	126,464,000
Common stock, shares outstanding	127,137,000	126,464,000

Condensed Consolidated Statemen

Condensed Consolidated Statements of Income (Unaudited) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Sep. 30, 2017	Oct. 01, 2016	Sep. 30, 2017	Oct. 01, 2016
Income Statement [Abstract]
Revenue	$ 821,583	$ 864,698	$ 1,462,414	$ 1,563,235
Cost of goods sold	500,561	547,899	905,015	969,961
Gross profit	321,022	316,799	557,399	593,274
Operating expenses:
Research and development	111,398	126,078	227,897	243,215
Selling, general and administrative	138,867	138,583	278,298	282,178
Other operating expense	21,193	6,745	29,469	16,747
Total operating expenses	271,458	271,406	535,664	542,140
Income from operations	49,564	45,393	21,735	51,134
Interest expense (Note 6)	(14,778)	(15,554)	(27,049)	(30,741)
Interest income	1,058	192	1,824	470
Other expense	(192)	(311)	(1,126)	(811)
Income (loss) before income taxes	35,652	29,720	(4,616)	20,052
Income tax benefit (expense) (Note 7)	267	(17,873)	9,911	(13,880)
Net income	$ 35,919	$ 11,847	$ 5,295	$ 6,172
Net income per share (Note 3):
Basic	$ 0.28	$ 0.09	$ 0.04	$ 0.05
Diluted	$ 0.27	$ 0.09	$ 0.04	$ 0.05
Weighted average shares of common stock outstanding (Note 3):
Basic	127,257	127,546	127,109	127,543
Diluted	130,778	132,329	131,062	132,461

Condensed Consolidated Stateme5

Condensed Consolidated Statements of Comprehensive Income (Unaudited) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Sep. 30, 2017	Oct. 01, 2016	Sep. 30, 2017	Oct. 01, 2016
Statement of Comprehensive Income [Abstract]
Net income	$ 35,919	$ 11,847	$ 5,295	$ 6,172
Other comprehensive (loss) income:
Unrealized gain on marketable securities, net of tax	38	1	99	73
Foreign currency translation adjustment, including intra-entity foreign currency transactions that are of a long-term-investment nature	106	353	722	(758)
Reclassification adjustments, net of tax:
Foreign currency gain included in net income	(581)	0	(581)	0
Amortization of pension actuarial loss	45	57	87	88
Other comprehensive (loss) income	(392)	411	327	(597)
Other comprehensive income	$ 35,527	$ 12,258	$ 5,622	$ 5,575

Condensed Consolidated Stateme6

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	6 Months Ended
	Sep. 30, 2017	Oct. 01, 2016
Cash flows from operating activities:
Net income	$ 5,295	$ 6,172
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation	86,267	97,177
Amortization and other non-cash items	271,010	243,397
Excess tax benefit from exercises of stock options	0	(56)
Deferred income taxes	(17,290)	(13,310)
Foreign currency adjustments	1,553	1,128
Loss (gain) on investments and other assets, net	3,573	(165)
Stock-based compensation expense	44,584	56,636
Changes in operating assets and liabilities:
Accounts receivable, net	(102,219)	(170,920)
Inventories	(29,786)	(11,689)
Prepaid expenses and other current and non-current assets	12,157	(23,617)
Accounts payable and accrued liabilities	55,620	136,832
Income tax (recoverable) / payable	(4,261)	(13,205)
Other liabilities	(3,009)	1,007
Net cash provided by operating activities	323,494	309,387
Investing activities:
Purchase of property and equipment	(192,219)	(250,419)
Purchase of a business, net of cash acquired	0	(118,020)
Proceeds from maturities and sales of available-for-sale securities	0	186,793
Other investing activities	(23,028)	(5,179)
Net cash used in investing activities	(215,247)	(186,825)
Financing activities:
Repurchase of common stock, including transaction costs	(88,925)	(91,400)
Proceeds from the issuance of common stock	32,867	27,077
Tax withholding paid on behalf of employees for restricted stock units	(24,005)	(14,763)
Excess tax benefit from exercises of stock options	0	56
Other financing activities	0	(2)
Net cash used in financing activities	(80,063)	(79,032)
Effect of exchange rate changes on cash	1,260	(38)
Net increase in cash, cash equivalents and restricted cash	29,444	43,492
Cash, cash equivalents and restricted cash at the beginning of the period	545,779	426,062
Cash, cash equivalents and restricted cash at the end of the period	575,223	469,554
Capital expenditure adjustments included in accounts payable and accrued liabilities	$ 30,272	$ 43,602

Basis of Presentation and Signi

Basis of Presentation and Significant Accounting Policies	6 Months Ended
	Sep. 30, 2017
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 1, 2017 . 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. Certain items in the fiscal 2017 financial statements have been reclassified to conform with the fiscal 2018 presentation. 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 years 2018 and 2017 are 52-week years. As of September 30, 2017 and April 1, 2017 , restricted cash of $0.3 million was included in other non-current assets in the Condensed Consolidated Balance Sheets.

Change in Estimate

Change in Estimate	6 Months Ended
	Sep. 30, 2017
Accounting Changes and Error Corrections [Abstract]
CHANGE IN ESTIMATE	CHANGE IN ESTIMATE During the first quarter of fiscal 2018, the Company changed its accounting estimate for the expected useful lives of certain machinery and equipment. The Company evaluated its current asset base and reassessed the estimated useful lives of certain machinery and equipment in connection with its implementation of several capital projects, including the migration of certain surface acoustic wave ("SAW") processes from 4-inch to 6-inch toolsets and certain bulk acoustic wave ("BAW") processes from 6-inch to 8-inch toolsets. Based on its ability to re-use equipment across generations of process technologies and historical usage trends, the Company determined that the expected useful lives for certain machinery and equipment should be increased by up to three years to reflect more closely the estimated economic lives of those assets. This change in estimate was applied prospectively effective for the first quarter of fiscal 2018 and resulted in a decrease in depreciation expense of $15.6 million and $29.8 million for the three and six months ended September 30, 2017 , respectively. This decrease in depreciation expense for the three and six months ended September 30, 2017, resulted in the following: (1) an increase to income from operations of $15.1 million and $17.3 million , respectively; (2) an increase to net income of $14.1 million and $15.6 million , respectively; (3) an increase to diluted earnings per share of $0.10 and $0.12 , respectively; and (4) a reduction to inventory of $0.5 million and $12.5 million , respectively.

Net Income Per Share

Net Income Per Share	6 Months Ended
	Sep. 30, 2017
Earnings Per Share [Abstract]
NET INCOME PER SHARE	NET INCOME PER SHARE The following table sets forth the computation of basic and diluted net income per share (in thousands, except per share data): Three Months Ended Six Months Ended September 30, 2017 October 1, 2016 September 30, 2017 October 1, 2016 Numerator: Numerator for basic and diluted net income per share — net income available to common stockholders $ 35,919 $ 11,847 $ 5,295 $ 6,172 Denominator: Denominator for basic net income per share — weighted average shares 127,257 127,546 127,109 127,543 Effect of dilutive securities: Stock-based awards 3,521 4,783 3,953 4,918 Denominator for diluted net income per share — adjusted weighted average shares and assumed conversions 130,778 132,329 131,062 132,461 Basic net income per share $ 0.28 $ 0.09 $ 0.04 $ 0.05 Diluted net income per share $ 0.27 $ 0.09 $ 0.04 $ 0.05 In the computation of diluted net income per share for the three and six months ended September 30, 2017 and October 1, 2016 , outstanding options to purchase less than 0.1 million shares were excluded because the exercise price of the options was greater than the average market price of the underlying common stock and the effect of their inclusion would have been anti-dilutive.

Inventories

Inventories	6 Months Ended
	Sep. 30, 2017
Inventory Disclosure [Abstract]
INVENTORIES	INVENTORIES Inventories are stated at the lower of cost or net realizable value based on standard costs, which approximate actual average costs. The components of inventories, net of reserves, are as follows (in thousands): September 30, 2017 April 1, 2017 Raw materials $ 108,026 $ 92,282 Work in process 220,935 198,339 Finished goods 132,044 139,833 Total inventories $ 461,005 $ 430,454

Intangible Assets

Intangible Assets	6 Months Ended
	Sep. 30, 2017
Goodwill and Intangible Assets Disclosure [Abstract]
INTANGIBLE ASSETS	INTANGIBLE ASSETS The following summarizes information regarding the gross carrying amounts and accumulated amortization of intangibles assets (in thousands): September 30, 2017 April 1, 2017 Gross Carrying Amount Accumulated Amortization Gross Carrying Amount Accumulated Amortization Intangible Assets: Customer relationships $ 1,272,725 $ 796,431 $ 1,272,725 $ 656,688 Developed technology 1,246,335 606,683 1,209,335 481,441 Backlog 65,000 65,000 65,000 65,000 Trade names 29,375 26,852 29,353 21,912 Wafer supply agreement 20,443 20,443 20,443 20,443 Technology licenses 13,369 12,101 13,346 11,711 Non-compete agreement 1,026 727 1,026 470 In-process research and development (IPRD) 10,000 N/A 47,000 N/A Total $ 2,658,273 $ 1,528,237 $ 2,658,228 $ 1,257,665 During the first quarter of fiscal 2018 , $37.0 million of in-process research and development assets were completed, transferred to finite-lived intangible assets and are being amortized over their useful lives of 4 years . Total intangible assets amortization expense was $135.8 million and $270.5 million for the three and six months ended September 30, 2017 , respectively, and $119.8 million and $239.2 million for the three and six months ended and October 1, 2016 , respectively.

Debt

Debt	6 Months Ended
	Sep. 30, 2017
Debt Disclosure [Abstract]
DEBT	DEBT 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. On September 19, 2016, the Company completed an exchange offer, in which all of the 2023 Notes and substantially all of the 2025 Notes were exchanged for new notes that have been registered under the Securities Act. 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 and six months ended September 30, 2017 , the Company recognized $17.3 million and $34.6 million , respectively, of interest expense related to the Notes which was partially offset by $3.2 million and $8.8 million , respectively, of interest capitalized to property and equipment. During the three and six months ended October 1, 2016 , the Company recognized $17.3 million and $34.8 million , respectively, of interest expense related to the Notes, which was partially offset by $2.4 million and $5.4 million , respectively, 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. Interest paid on the Notes during the six months ended September 30, 2017 and October 1, 2016 was $34.4 million and $36.7 million , respectively. The Notes were issued pursuant to an indenture dated as of November 19, 2015 (the "Indenture") containing customary events of default, including payment default, failure to provide certain notices and certain provisions related to bankruptcy events. The Indenture also contains customary negative covenants. The 2023 Notes and the 2025 Notes are traded over the counter and their fair values as of September 30, 2017 of $491.1 million and $629.8 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 $489.4 million and $607.8 million , respectively, as of April 1, 2017 , based upon the values of their last trade at the end of the period. Credit Agreement On April 7, 2015, the Company and certain of its material domestic subsidiaries (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 six months ended September 30, 2017 , there were no borrowings under the revolving credit facility. The Company had no outstanding amounts under the Credit Agreement as of September 30, 2017 and April 1, 2017 . 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. As of September 30, 2017 , the Company was in compliance with all of these covenants. 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	6 Months Ended
	Sep. 30, 2017
Income Tax Disclosure [Abstract]
INCOME TAXES	INCOME TAXES Income Tax Expense The Company’s provision for income taxes for the three and six months ended September 30, 2017 and October 1, 2016 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) to year-to-date income (loss) to determine the amounts for the three and six months ended September 30, 2017 and October 1, 2016 . The Company’s income tax benefit was $0.3 million and $9.9 million for the three and six months ended September 30, 2017 , respectively, and the Company's income tax expense was $17.9 million and $13.9 million for the three and six months ended October 1, 2016 , respectively. The Company’s effective tax rate was (0.7)% and 214.7% for the three and six months ended September 30, 2017 , respectively, and 60.1% and 69.2% for the three and six months ended October 1, 2016 , respectively. The Company's effective tax rate for the three and six months ended September 30, 2017 differed from the statutory rate primarily due to tax rate differences in foreign jurisdictions, state income taxes, domestic tax credits generated, changes in unrecognized tax benefits, a discrete tax benefit for excess stock compensation deductions in accordance with the new guidance for accounting for employee share-based payments (Accounting Standards Update ("ASU") 2016-09, "Compensation - Stock Compensation (Topic 718): Improvements to Employee Share Based Payment Accounting" ) and a discrete tax expense, for the six months only, associated with intra-entity transfers in accordance with the new guidance for the intra-entity transfer of assets other than inventory (ASU 2016-16, "Income Taxes (Topic 740), Intra-Entity Transfers of Assets Other Than Inventory" ). The Company's effective tax rate for the three and six months ended October 1, 2016 differed from the statutory rate primarily due to tax rate differences in foreign jurisdictions, state income taxes, domestic tax credits generated, changes in unrecognized tax benefits, and the timing of when income and loss is recognized in the various tax jurisdictions. 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 increased the deferred tax assets for both the domestic federal and state tax net operating loss (“NOLs”) carry-forwards by $36.7 million due to the adoption of new accounting guidance for stock compensation (ASU 2016-09) in the first quarter of fiscal 2018. The Company has domestic federal and state tax NOLs carry-forwards that, if unused, will expire in fiscal years 2020 to 2036 and 2018 to 2036 , respectively. 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 $90.6 million as of the end of fiscal 2017 to $98.9 million as of the end of the second quarter of fiscal 2018 , due to a $8.3 million increase primarily related to tax positions taken with respect to the current fiscal year.

Investments and Fair Value Meas

Investments and Fair Value Measurements	6 Months Ended
	Sep. 30, 2017
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 September 30, 2017 and April 1, 2017 (in thousands): Cost Gross Unrealized Gains Gross Unrealized Losses Estimated Fair Value September 30, 2017 Auction rate securities $ 2,150 $ — $ (276 ) $ 1,874 Money market funds 41 — — 41 $ 2,191 $ — $ (276 ) $ 1,915 April 1, 2017 Auction rate securities $ 2,150 $ — $ (429 ) $ 1,721 Money market funds 14 — — 14 $ 2,164 $ — $ (429 ) $ 1,735 The estimated fair value of available-for-sale securities was based on the prevailing market values on September 30, 2017 and April 1, 2017 . The Company determines the cost of an investment sold based on the specific identification method. The expected maturity distribution of cash equivalents and available-for-sale securities is as follows (in thousands): September 30, 2017 April 1, 2017 Cost Estimated Fair Value Cost Estimated Fair Value Due in less than one year $ 41 $ 41 $ 14 $ 14 Due after ten years 2,150 1,874 2,150 1,721 Total cash equivalents and available-for-sale securities $ 2,191 $ 1,915 $ 2,164 $ 1,735 Other Investments On August 4, 2015, the Company invested $25.0 million to acquire shares of Series F Preferred Stock of Cavendish Kinetics Limited (Cavendish), a private limited company incorporated in England and Wales. On July 31, 2017, the Company invested an additional $20.0 million in Cavendish Series F Preferred Stock. The Company began accounting for this investment under the equity method (on a one quarter lag basis) on July 31, 2017. As of September 30, 2017 , this investment is classified in "Long-term investments" in the Condensed Consolidated Balance Sheets. Fair Value of Financial Instruments Marketable securities are measured at fair value and recorded in "Cash and cash equivalents," "Short-term investments" and "Long-term investments" in the Condensed Consolidated Balance Sheets, and 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 September 30, 2017 and April 1, 2017 (in thousands): Total Quoted Prices In Significant Other September 30, 2017 Assets Cash and cash equivalents: Money market funds $ 41 $ 41 $ — Total cash and cash equivalents 41 41 — Available-for-sale securities: Auction rate securities ("ARS") (1) 1,874 — 1,874 Total available-for-sale securities 1,874 — 1,874 Invested funds in deferred compensation plan (2) 12,516 12,516 — Total assets measured at fair value $ 14,431 $ 12,557 $ 1,874 Liabilities Deferred compensation plan obligation (2) $ 12,516 $ 12,516 $ — Total liabilities measured at fair value $ 12,516 $ 12,516 $ — April 1, 2017 Assets Cash and cash equivalents: Money market funds $ 14 $ 14 $ — Total cash and cash equivalents 14 14 — Available for-sale securities: Auction rate securities (1) 1,721 — 1,721 Total available-for-sale securities 1,721 — 1,721 Invested funds in deferred compensation plan (2) 10,237 10,237 — Total assets measured at fair value $ 11,972 $ 10,251 $ 1,721 Liabilities Deferred compensation plan obligation (2) $ 10,237 $ 10,237 $ — Total liabilities measured at fair value $ 10,237 $ 10,237 $ — (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) 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. As of September 30, 2017 and April 1, 2017 , the Company did not have any Level 3 assets or liabilities. 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 6 for the fair value of the Company's long-term debt.

Stock Repurchases

Stock Repurchases	6 Months Ended
	Sep. 30, 2017
Equity [Abstract]
STOCK REPURCHASES	STOCK REPURCHASES On November 3, 2016, the Company announced that its Board of Directors authorized a share repurchase program to repurchase up to $500.0 million of the Company's outstanding stock. Under this program, share repurchases are 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 depends 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 does not have a fixed term, and may be modified, suspended or terminated at any time without prior notice. During the three and six months ended September 30, 2017 , the Company repurchased approximately 0.8 million and 1.2 million shares of its common stock for approximately $57.0 million and $88.9 million , respectively. As of September 30, 2017 , $293.1 million remains available for repurchases under this share repurchase program. During the second quarter of fiscal 2017, the Company repurchased approximately 1.6 million shares of its common stock for approximately $91.4 million under prior share repurchase programs.

Recent Accounting Pronouncement

Recent Accounting Pronouncements	6 Months Ended
	Sep. 30, 2017
New Accounting Pronouncements and Changes in Accounting Principles [Abstract]
RECENT ACCOUNTING PRONOUNCEMENTS	RECENT ACCOUNTING PRONOUNCEMENTS The Company assesses recently issued accounting standards by the Financial Accounting Standards Board ("FASB") to determine the expected impacts on the Company's financial statements. The summary below describes impacts from newly issued standards as well as material updates to our previous assessments, if any, from Qorvo’s Annual Report on Form 10-K for the fiscal year ended April 1, 2017 . In May 2017, the FASB issued ASU 2017-09, "Compensation—Stock Compensation (Topic 718): Scope of Modification Accounting." The new guidance clarifies when modification accounting in Topic 718 should be applied to changes to the terms or conditions of a share-based payment award. The Company elected to early-adopt the standard in the first quarter of fiscal 2018 with no impact on its consolidated financial statements. In November 2016, the FASB issued ASU 2016-18, "Statement of Cash Flows (Topic 230): Restricted Cash (a consensus of the FASB Emerging Issues Task Force)." This standard requires that restricted cash and restricted cash equivalents be included in cash and cash equivalents when reconciling the beginning-of-period and end-of-period total amounts shown in the statement of cash flows. The Company adopted the provisions of ASU 2016-18 in the second quarter of fiscal 2018 using the retrospective transition method. The adjustment to reclassify restricted cash for each period presented was less than $1.0 million . In October 2016, the FASB issued ASU 2016-16, "Income Taxes (Topic 740), Intra-Entity Transfers of Assets Other Than Inventory. " The new guidance requires an entity to recognize the income tax consequences of an intra-entity transfer of an asset, other than inventory, when the transfer occurs. The Company elected to adopt the standard early in the first quarter of fiscal 2018 using the modified retrospective method, which requires a cumulative adjustment to retained earnings as of the beginning of the period of adoption. The cumulative adjustment to the September 30, 2017 Condensed Consolidated Balance Sheet was approximately $1.3 million . For the three and six months ended September 30, 2017 , the Company recognized a discrete tax expense of less than $0.1 million and $5.4 million , respectively, related to intra-entity transfers of assets. In March 2016, the FASB issued ASU 2016-09, "Compensation - Stock Compensation (Topic 718): Improvements to Employee Share-Based Payment Accounting." The new guidance simplifies 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, and became effective for the Company in the first quarter of fiscal 2018. As a result of adoption, the Company recognized a cumulative-effect adjustment to reduce the Company's accumulated deficit by $36.7 million with a corresponding increase to deferred tax assets for the Federal and state net operating losses attributable to excess tax benefits that had not been previously recognized. All excess tax benefits and deficiencies in the current and future periods will be recognized as income tax expense in the Company’s Condensed Consolidated Statement of Operations in the reporting period in which they occur. This will result in increased volatility in the Company’s effective tax rate. For the three and six months ended September 30, 2017 , the Company recognized a discrete tax benefit of $5.5 million and $9.3 million , respectively, related to the excess tax benefits from stock-based compensation. The Company plans to continue its existing practice of estimating expected forfeitures in determining compensation cost. In March 2016, the FASB issued ASU 2016-07, "Investments-Equity Method and Joint Ventures (Topic 323): Simplifying the Transition to the Equity Method of Accounting." The new guidance eliminates the requirement to retrospectively apply the equity method of accounting when an investment previously accounted for under the cost basis qualifies for the equity method of accounting. The Company adopted ASU 2016-07 in the first quarter of fiscal 2018 with no significant impact on its consolidated financial results. In July 2015, the FASB issued ASU 2015-11, "Inventory (Topic 330): Simplifying the Measurement of Inventory." The new guidance changes the measurement principle for inventory from the lower of cost or market to the lower of cost and net realizable value. ASU 2015-11 defines net realizable value as the estimated selling price in the ordinary course of business less reasonably predictable costs to completion, transportation, or disposal. The Company adopted ASU 2015-11 in the first quarter of fiscal 2018 with no significant impact on its consolidated financial statements. In May 2014, the FASB issued ASU 2014-09, " Revenue from Contracts with Customers (Topic 606) ," with several amendments subsequently issued. This new standard provides an updated framework for revenue recognition, resulting in a single revenue model to be applied by reporting companies under U.S. GAAP. Under the new model, recognition of revenue occurs when a customer obtains control of promised goods or services in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. Additional disclosures will be required regarding the nature, amount, timing and uncertainty of cash flows. The new guidance will become effective for the Company in the first quarter of fiscal 2019 and permits the use of either a retrospective approach or a modified retrospective approach, under which the cumulative effect of adoption is recognized at the date of initial application. The Company has established a cross-functional team to assess the potential impact of the new revenue standard and this assessment will be completed during fiscal 2018. The Company's assessment process consists of reviewing its current accounting policies and practices and its customer contracts to identify potential differences that may result from applying the requirements of the new standard to its contracts and identifying appropriate changes to its business processes, systems and controls to support revenue recognition and disclosure requirements under the new standard. The Company's revenue is generated principally from sales of semiconductor products. The Company currently expects that under the new standard, a substantial majority of its revenue will continue to be recognized at a "point in time" as products are shipped to, or received by, customers. In certain circumstances, such as direct or indirect sales to government customers, the products sold are highly customized and have no alternative use, and the Company has an enforceable right to payment (with a reasonable margin) for performance completed to date. For the contracts related to these products, the Company expects that it will recognize revenue "over time" as performance obligations are satisfied. This will accelerate revenue recognition because revenue for these products currently is recognized as the products are shipped to, or received by, customers. While the Company has made progress in identifying the likely impacts of the new standard, it has not yet quantified the potential impact. The Company expects that it will have additional disclosure related to revenue recognition, including judgments made, under the new standard. The Company will continue to evaluate the impact of the new standard, including any necessary changes to internal controls, and prepare for adoption in the first quarter of fiscal 2019. The Company will adopt the standard using the modified retrospective approach.

Operating Segment Information

Operating Segment Information	6 Months Ended
	Sep. 30, 2017
Segment Reporting [Abstract]
OPERATING SEGMENT INFORMATION	OPERATING SEGMENT INFORMATION The Company's operating segments as of September 30, 2017 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 ("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 and non-GAAP operating income as a percentage of revenue. MP is a leading global supplier of cellular radio frequency ("RF") and Wi-Fi solutions into a variety of mobile devices, including smartphones, notebook computers, wearables, tablets, and cellular-based applications for the Internet of Things ("IoT"). Mobile device manufacturers and mobile network operators are adopting new technologies to address the growing demand for data-intensive, increasingly cloud-based distributed applications and for mobile devices with smaller form factors, improved signal quality, less heat and longer talk and standby times. New wireless communications standards are being deployed to utilize available spectrum more efficiently. Carrier aggregation is being implemented to support wider bandwidths, increase data rates and improve network performance. These trends increase the complexity of smartphones, require more RF content and place a premium on performance, integration, systems-level expertise, and product and technology portfolio breadth, all of which are MP strengths. MP offers a comprehensive product portfolio of BAW and SAW filters, power amplifiers ("PAs"), low noise amplifiers ("LNAs"), switches, multimode multi-band PAs and transmit modules, RF power management integrated circuits, diversity receive modules, antenna switch modules, antenna tuning and control solutions, modules incorporating PAs and duplexers and modules incorporating switches, PAs and duplexers. IDP is a leading global supplier of RF solutions with a diverse portfolio of solutions that "connect and protect," spanning communications, network infrastructure and defense applications. These applications include high performance defense systems such as radar, electronic warfare and communication systems, Wi-Fi customer premises equipment for home and work, high speed connectivity in Long-Term Evolution ("LTE") and 5G base stations, cloud connectivity via data center communications and telecom transport, automotive connectivity and other IoT, including smart home solutions. IDP products include gallium arsenide and gallium nitride PAs, LNAs, switches, Complementary Metal Oxide Semiconductor ("CMOS") system-on-a-chip solutions, premium BAW and SAW filter solutions and various multi-chip and hybrid assemblies. 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, restructuring charges, intellectual property rights (IPR) litigation settlement, start-up costs, and 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 Six Months Ended September 30, October 1, September 30, October 1, Revenue: MP $ 630,397 $ 706,138 $ 1,086,620 $ 1,253,215 IDP 190,216 157,590 373,854 308,080 All other (1) 970 970 1,940 1,940 Total revenue $ 821,583 $ 864,698 $ 1,462,414 $ 1,563,235 Income from operations: MP $ 172,892 $ 164,397 $ 260,699 $ 297,374 IDP 57,649 32,416 107,235 67,067 All other (180,977 ) (151,420 ) (346,199 ) (313,307 ) Income from operations 49,564 45,393 21,735 51,134 Interest expense (14,778 ) (15,554 ) (27,049 ) (30,741 ) Interest income 1,058 192 1,824 470 Other expense (192 ) (311 ) (1,126 ) (811 ) Income (loss) before income taxes $ 35,652 $ 29,720 $ (4,616 ) $ 20,052 (1) "All other" revenue relates to royalty income that is not allocated to MP or IDP. Three Months Ended Six Months Ended September 30, October 1, September 30, October 1, Reconciliation of “All other” category: Stock-based compensation expense $ (23,458 ) $ (26,042 ) $ (44,584 ) $ (56,636 ) Amortization of intangible assets (135,639 ) (119,646 ) (270,325 ) (238,991 ) Acquisition and integration related costs (2,613 ) (8,962 ) (5,390 ) (15,722 ) Acquired inventory step-up and revaluation — (318 ) — (1,517 ) Restructuring charges (7,453 ) (468 ) (7,984 ) (882 ) IPR litigation settlement — 5,100 — 4,944 Start-up costs (7,129 ) (2,012 ) (13,753 ) (4,088 ) Other (expense) income (including (loss) gain on assets and other miscellaneous corporate overhead) (4,685 ) 928 (4,163 ) (415 ) Loss from operations for “All other” $ (180,977 ) $ (151,420 ) $ (346,199 ) $ (313,307 )

Consolidating Financial Informa

Consolidating Financial Information	6 Months Ended
	Sep. 30, 2017
Consolidating Financial Information [Abstract]
CONSOLIDATING FINANCIAL INFORMATION	CONDENSED CONSOLIDATING FINANCIAL INFORMATION In accordance with the Indenture governing the Notes, the Company's obligations under the Notes are fully and unconditionally guaranteed on a joint and several basis by each Guarantor, each of which is 100% owned, directly or indirectly, by Qorvo, Inc. (the "Parent Company"). A Guarantor can be released in certain customary circumstances. The following presents the condensed consolidating financial information separately for: (i) Parent Company, the issuer of the guaranteed obligations; (ii) Guarantor subsidiaries, on a combined basis, as specified in the Indenture; (iii) Non-guarantor subsidiaries, on a combined basis; (iv) Consolidating entries, eliminations and reclassifications 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 (loss) income, and cash flows, had the Parent Company, Guarantor or non-guarantor subsidiaries operated as independent entities. The Company made certain immaterial corrections to the Condensed Consolidating Statement of Operations and Comprehensive Income (Loss) for the three and six months ended October 1, 2016 . An adjustment to income from operations and income in subsidiaries for the Guarantor subsidiaries of $16.0 million and $76.3 million , respectively, has been presented in the Condensed Consolidating Statement of Operations and Comprehensive Income (Loss) for the three months ended October 1, 2016 , to properly reflect intercompany transactions between Guarantor and non-guarantor subsidiaries and the equity method accounting for the Guarantor subsidiaries’ ownership interests in non-guarantor subsidiaries. A corresponding adjustment to income from operations and income in subsidiaries for the Guarantor subsidiaries of $26.7 million and $94.0 million , respectively, has been presented in the Condensed Consolidating Statement of Operations and Comprehensive Income (Loss) for the six months ended October 1, 2016 . An adjustment to income from operations for the non-guarantor subsidiaries of $(26.3) million and $(70.0) million has been presented in the Condensed Consolidating Statement of Operations and Comprehensive (Loss) Income for the three and six months ended October 1, 2016 , respectively, to properly reflect intercompany transactions between Guarantor and non-guarantor subsidiaries. These immaterial corrections relate solely to presentation between the Company and its subsidiaries and only impact the financial statements included in this footnote. These corrections do not affect the Company’s consolidated financial statements. Condensed Consolidating Balance Sheet September 30, 2017 (in thousands) Parent Company Guarantor Subsidiaries Non-Guarantor Subsidiaries Eliminations Consolidated ASSETS Current assets: Cash and cash equivalents $ — $ 96,548 $ 478,325 $ — $ 574,873 Accounts receivable, less allowance — 58,886 400,875 — 459,761 Intercompany accounts and notes receivable — 434,122 61,556 (495,678 ) — Inventories — 168,987 315,236 (23,218 ) 461,005 Prepaid expenses — 20,841 12,540 — 33,381 Other receivables — 7,186 43,290 — 50,476 Other current assets — 31,642 4,602 (7,532 ) 28,712 Total current assets — 818,212 1,316,424 (526,428 ) 1,608,208 Property and equipment, net — 1,135,318 308,481 (407 ) 1,443,392 Goodwill — 1,121,942 1,051,947 — 2,173,889 Intangible assets, net — 497,413 632,623 — 1,130,036 Long-term investments — 1,878 64,207 — 66,085 Long-term intercompany accounts and notes receivable — 482,581 112,481 (595,062 ) — Investment in subsidiaries 6,186,247 2,688,863 — (8,875,110 ) — Other non-current assets 119,790 32,457 23,329 (119,106 ) 56,470 Total assets $ 6,306,037 $ 6,778,664 $ 3,509,492 $ (10,116,113 ) $ 6,478,080 LIABILITIES AND STOCKHOLDERS’ EQUITY Current liabilities: Accounts payable $ — $ 72,432 $ 140,318 $ — $ 212,750 Intercompany accounts and notes payable — 61,556 434,122 (495,678 ) — Accrued liabilities 22,959 120,239 42,690 (1,703 ) 184,185 Other current liabilities — (206 ) 33,805 (7,532 ) 26,067 Total current liabilities 22,959 254,021 650,935 (504,913 ) 423,002 Long-term debt 989,692 — — — 989,692 Deferred tax liabilities — 169,839 23,435 (119,106 ) 74,168 Long-term intercompany accounts and notes payable 388,810 112,481 93,771 (595,062 ) — Other long-term liabilities — 34,154 52,488 — 86,642 Total liabilities 1,401,461 570,495 820,629 (1,219,081 ) 1,573,504 Total stockholders’ equity 4,904,576 6,208,169 2,688,863 (8,897,032 ) 4,904,576 Total liabilities and stockholders’ equity $ 6,306,037 $ 6,778,664 $ 3,509,492 $ (10,116,113 ) $ 6,478,080 Condensed Consolidating Balance Sheet April 1, 2017 (in thousands) Parent Company Guarantor Subsidiaries Non-Guarantor Subsidiaries Eliminations and Reclassifications Consolidated ASSETS Current assets: Cash and cash equivalents $ — $ 226,186 $ 319,277 $ — $ 545,463 Accounts receivable, less allowance — 57,874 300,074 — 357,948 Intercompany accounts and notes receivable — 392,075 36,603 (428,678 ) — Inventories — 131,225 322,559 (23,330 ) 430,454 Prepaid expenses — 29,032 7,197 — 36,229 Other receivables — 7,239 58,008 — 65,247 Other current assets — 25,534 730 — 26,264 Total current assets — 869,165 1,044,448 (452,008 ) 1,461,605 Property and equipment, net — 1,078,761 314,910 (1,739 ) 1,391,932 Goodwill — 1,121,941 1,051,973 — 2,173,914 Intangible assets, net — 599,618 800,945 — 1,400,563 Long-term investments — 25,971 9,523 — 35,494 Long-term intercompany accounts and notes receivable — 447,613 138,398 (586,011 ) — Investment in subsidiaries 6,142,568 2,596,172 — (8,738,740 ) — Other non-current assets 84,153 33,249 24,746 (83,333 ) 58,815 Total assets $ 6,226,721 $ 6,772,490 $ 3,384,943 $ (9,861,831 ) $ 6,522,323 LIABILITIES AND STOCKHOLDERS’ EQUITY Current liabilities: Accounts payable $ — $ 111,799 $ 104,447 $ — $ 216,246 Intercompany accounts and notes payable — 36,603 392,075 (428,678 ) — Accrued liabilities 23,150 111,700 35,734 — 170,584 Other current liabilities — 55 31,943 — 31,998 Total current liabilities 23,150 260,157 564,199 (428,678 ) 418,828 Long-term debt 989,154 — — — 989,154 Deferred tax liabilities — 171,284 43,560 (83,333 ) 131,511 Long-term intercompany accounts and notes payable 317,695 138,398 129,918 (586,011 ) — Other long-term liabilities — 35,014 51,094 — 86,108 Total liabilities 1,329,999 604,853 788,771 (1,098,022 ) 1,625,601 Total stockholders’ equity 4,896,722 6,167,637 2,596,172 (8,763,809 ) 4,896,722 Total liabilities and stockholders’ equity $ 6,226,721 $ 6,772,490 $ 3,384,943 $ (9,861,831 ) $ 6,522,323 Condensed Consolidating Statement of Income and Comprehensive Income Three Months Ended September 30, 2017 (in thousands) Parent Company Guarantor Subsidiaries Non-Guarantor Subsidiaries Eliminations and Reclassifications Consolidated Revenue $ — $ 256,595 $ 775,682 $ (210,694 ) $ 821,583 Cost of goods sold — 196,350 480,439 (176,228 ) 500,561 Gross profit — 60,245 295,243 (34,466 ) 321,022 Operating expenses: Research and development 6,703 11,148 97,800 (4,253 ) 111,398 Selling, general and administrative 16,626 66,958 86,004 (30,721 ) 138,867 Other operating expense 129 16,800 4,288 (24 ) 21,193 Total operating expenses 23,458 94,906 188,092 (34,998 ) 271,458 Income (loss) from operations (23,458 ) (34,661 ) 107,151 532 49,564 Interest expense (14,442 ) (557 ) (434 ) 655 (14,778 ) Interest income — 331 1,382 (655 ) 1,058 Other (expense) income — 970 (3,880 ) 2,718 (192 ) Income (loss) before income taxes (37,900 ) (33,917 ) 104,219 3,250 35,652 Income tax benefit (expense) 19,527 (8,651 ) (10,609 ) — 267 Income in subsidiaries 54,292 93,610 — (147,902 ) — Net income $ 35,919 $ 51,042 $ 93,610 $ (144,652 ) $ 35,919 Comprehensive income $ 35,527 $ 51,080 $ 90,666 $ (141,746 ) $ 35,527 Condensed Consolidating Statement of Income and Comprehensive Income Three Months Ended October 1, 2016 (in thousands) Parent Company Guarantor Subsidiaries Non-Guarantor Subsidiaries Eliminations and Reclassifications Consolidated Revenue $ — $ 299,557 $ 826,576 $ (261,435 ) $ 864,698 Cost of goods sold — 224,835 542,764 (219,700 ) 547,899 Gross profit — 74,722 283,812 (41,735 ) 316,799 Operating expenses: Research and development 6,248 12,427 115,044 (7,641 ) 126,078 Selling, general and administrative 19,794 74,673 89,971 (45,855 ) 138,583 Other operating expense — 93 1,013 5,639 6,745 Total operating expenses 26,042 87,193 206,028 (47,857 ) 271,406 Income (loss) from operations (26,042 ) (12,471 ) 77,784 6,122 45,393 Interest expense (15,167 ) (589 ) (979 ) 1,181 (15,554 ) Interest income — 1,509 (136 ) (1,181 ) 192 Other (expense) income — 189 1,780 (2,280 ) (311 ) Income (loss) before income taxes (41,209 ) (11,362 ) 78,449 3,842 29,720 Income tax (expense) benefit 13,136 (28,833 ) (2,176 ) — (17,873 ) Income in subsidiaries 39,920 76,273 — (116,193 ) — Net income $ 11,847 $ 36,078 $ 76,273 $ (112,351 ) $ 11,847 Comprehensive income $ 12,258 $ 36,079 $ 76,683 $ (112,762 ) $ 12,258 Condensed Consolidating Statement of Income and Comprehensive Income Six Months Ended September 30, 2017 (in thousands) Parent Company Guarantor Subsidiaries Non-Guarantor Subsidiaries Eliminations Consolidated Revenue $ — $ 528,548 $ 1,356,236 $ (422,370 ) $ 1,462,414 Cost of goods sold — 380,354 873,175 (348,514 ) 905,015 Gross profit — 148,194 483,061 (73,856 ) 557,399 Operating expenses: Research and development 13,499 27,886 195,084 (8,572 ) 227,897 Selling, general and administrative 30,871 133,170 180,056 (65,799 ) 278,298 Other operating expense 214 23,860 5,298 97 29,469 Total operating expenses 44,584 184,916 380,438 (74,274 ) 535,664 Income (loss) from operations (44,584 ) (36,722 ) 102,623 418 21,735 Interest expense (26,366 ) (1,132 ) (768 ) 1,217 (27,049 ) Interest income — 825 2,216 (1,217 ) 1,824 Other (expense) income — 756 (1,882 ) — (1,126 ) (Loss) income before income taxes (70,950 ) (36,273 ) 102,189 418 (4,616 ) Income tax benefit (expense) 35,773 (16,175 ) (9,687 ) — 9,911 Income in subsidiaries 40,472 92,502 — (132,974 ) — Net income $ 5,295 $ 40,054 $ 92,502 $ (132,556 ) $ 5,295 Comprehensive income $ 5,622 $ 40,153 $ 90,216 $ (130,369 ) $ 5,622 Condensed Consolidating Statement of Income and Comprehensive Income Six Months Ended October 1, 2016 (in thousands) Parent Company Guarantor Subsidiaries Non-Guarantor Subsidiaries Eliminations Consolidated Revenue $ — $ 732,543 $ 1,552,386 $ (721,694 ) $ 1,563,235 Cost of goods sold — 558,098 1,061,525 (649,662 ) 969,961 Gross profit — 174,445 490,861 (72,032 ) 593,274 Operating expenses: Research and development 17,917 22,278 213,531 (10,511 ) 243,215 Selling, general and administrative 38,719 131,327 193,854 (81,722 ) 282,178 Other operating expense — 3,739 6,887 6,121 16,747 Total operating expenses 56,636 157,344 414,272 (86,112 ) 542,140 Income (loss) from operations (56,636 ) 17,101 76,589 14,080 51,134 Interest expense (29,935 ) (1,407 ) (1,898 ) 2,499 (30,741 ) Interest income — 2,991 (229 ) (2,292 ) 470 Other (expense) income — (132 ) 836 (1,515 ) (811 ) Income (loss) before income taxes (86,571 ) 18,553 75,298 12,772 20,052 Income tax (expense) benefit 27,619 (60,151 ) 18,652 — (13,880 ) Income in subsidiaries 65,124 93,950 — (159,074 ) — Net income $ 6,172 $ 52,352 $ 93,950 $ (146,302 ) $ 6,172 Comprehensive income $ 5,575 $ 52,425 $ 93,280 $ (145,705 ) $ 5,575 Condensed Consolidating Statement of Cash Flows Six Months Ended September 30, 2017 (in thousands) Parent Company Guarantor Subsidiaries Non-Guarantor Subsidiaries Eliminations and Reclassifications Consolidated Net cash provided by (used in) operating activities $ 80,063 $ (2,241 ) $ 245,672 $ — $ 323,494 Investing activities: Purchase of property and equipment — (159,337 ) (32,882 ) — (192,219 ) Other investing activities — 7,154 (30,182 ) — (23,028 ) Net transactions with related parties — 24,100 (24,100 ) — — Net cash used in investing activities — (128,083 ) (87,164 ) — (215,247 ) Financing activities: Proceeds from the issuance of common stock 32,867 — — — 32,867 Repurchase of common stock, including transaction costs (88,925 ) — — — (88,925 ) Tax withholding paid on behalf of employees for restricted stock units (24,005 ) — — — (24,005 ) Net transactions with related parties — 686 (686 ) — — Net cash (used in) provided by financing activities (80,063 ) 686 (686 ) — (80,063 ) Effect of exchange rate changes on cash — — 1,260 — 1,260 Net increase (decrease) in cash, cash equivalents and restricted cash — (129,638 ) 159,082 — 29,444 Cash, cash equivalents and restricted cash at the beginning of the period — 226,186 319,593 — 545,779 Cash, cash equivalents and restricted cash at the end of the period $ — $ 96,548 $ 478,675 $ — $ 575,223 Condensed Consolidating Statement of Cash Flows Six Months Ended October 1, 2016 (in thousands) Parent Company Guarantor Subsidiaries Non-Guarantor Subsidiaries Eliminations and Reclassifications 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, net of cash acquired — — (118,020 ) — (118,020 ) Proceeds from maturities and sales of available-for-sale securities — 186,793 — — 186,793 Other investing activities — 3,721 (8,900 ) — (5,179 ) Net cash (used in) provided by investing activities — 1,477 (188,302 ) — (186,825 ) 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 activities (2 ) (2 ) Net transactions with related parties 893 (893 ) — Net cash (used in) provided by financing activities (79,030 ) 891 (893 ) — (79,032 ) Effect of exchange rate changes on cash — — (38 ) — (38 ) Net increase (decrease) in cash, cash equivalents and restricted cash — (25,325 ) 68,817 — 43,492 Cash, cash equivalents and restricted cash — 220,633 205,429 — 426,062 Cash, cash equivalents and restricted cash $ — $ 195,308 $ 274,246 $ — $ 469,554

Basis of Presentation and Sig19

Basis of Presentation and Significant Accounting Policies (Policies)	6 Months Ended
	Sep. 30, 2017
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Income Tax Policy	The Company’s provision for income taxes for the three and six months ended September 30, 2017 and October 1, 2016 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) to year-to-date income (loss) to determine the amounts for the three and six months ended September 30, 2017 and October 1, 2016 .
Fair Value Measurements Policy	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.
Operating Segment Policy	The Company's operating segments as of September 30, 2017 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 ("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 and non-GAAP operating income as a percentage of revenue.

Net Income Per Share (Tables)

Net Income Per Share (Tables)	6 Months Ended
	Sep. 30, 2017
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 income per share (in thousands, except per share data): Three Months Ended Six Months Ended September 30, 2017 October 1, 2016 September 30, 2017 October 1, 2016 Numerator: Numerator for basic and diluted net income per share — net income available to common stockholders $ 35,919 $ 11,847 $ 5,295 $ 6,172 Denominator: Denominator for basic net income per share — weighted average shares 127,257 127,546 127,109 127,543 Effect of dilutive securities: Stock-based awards 3,521 4,783 3,953 4,918 Denominator for diluted net income per share — adjusted weighted average shares and assumed conversions 130,778 132,329 131,062 132,461 Basic net income per share $ 0.28 $ 0.09 $ 0.04 $ 0.05 Diluted net income per share $ 0.27 $ 0.09 $ 0.04 $ 0.05

Inventories (Tables)

Inventories (Tables)	6 Months Ended
	Sep. 30, 2017
Inventory Disclosure [Abstract]
Components of inventories	Inventories are stated at the lower of cost or net realizable value based on standard costs, which approximate actual average costs. The components of inventories, net of reserves, are as follows (in thousands): September 30, 2017 April 1, 2017 Raw materials $ 108,026 $ 92,282 Work in process 220,935 198,339 Finished goods 132,044 139,833 Total inventories $ 461,005 $ 430,454

Intangible Assets (Tables)

Intangible Assets (Tables)	6 Months Ended
	Sep. 30, 2017
Goodwill and Intangible Assets Disclosure [Abstract]
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): September 30, 2017 April 1, 2017 Gross Carrying Amount Accumulated Amortization Gross Carrying Amount Accumulated Amortization Intangible Assets: Customer relationships $ 1,272,725 $ 796,431 $ 1,272,725 $ 656,688 Developed technology 1,246,335 606,683 1,209,335 481,441 Backlog 65,000 65,000 65,000 65,000 Trade names 29,375 26,852 29,353 21,912 Wafer supply agreement 20,443 20,443 20,443 20,443 Technology licenses 13,369 12,101 13,346 11,711 Non-compete agreement 1,026 727 1,026 470 In-process research and development (IPRD) 10,000 N/A 47,000 N/A Total $ 2,658,273 $ 1,528,237 $ 2,658,228 $ 1,257,665

Investments and Fair Value Me23

Investments and Fair Value Measurements (Tables)	6 Months Ended
	Sep. 30, 2017
Investments and Fair Value Measurements [Abstract]
Cash equivalents and available-for-sale securities	The following is a summary of cash equivalents and available-for-sale securities as of September 30, 2017 and April 1, 2017 (in thousands): Cost Gross Unrealized Gains Gross Unrealized Losses Estimated Fair Value September 30, 2017 Auction rate securities $ 2,150 $ — $ (276 ) $ 1,874 Money market funds 41 — — 41 $ 2,191 $ — $ (276 ) $ 1,915 April 1, 2017 Auction rate securities $ 2,150 $ — $ (429 ) $ 1,721 Money market funds 14 — — 14 $ 2,164 $ — $ (429 ) $ 1,735
Expected distribution of cash equivalents and available-for-sale debt securities	The expected maturity distribution of cash equivalents and available-for-sale securities is as follows (in thousands): September 30, 2017 April 1, 2017 Cost Estimated Fair Value Cost Estimated Fair Value Due in less than one year $ 41 $ 41 $ 14 $ 14 Due after ten years 2,150 1,874 2,150 1,721 Total cash equivalents and available-for-sale securities $ 2,191 $ 1,915 $ 2,164 $ 1,735
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 September 30, 2017 and April 1, 2017 (in thousands): Total Quoted Prices In Significant Other September 30, 2017 Assets Cash and cash equivalents: Money market funds $ 41 $ 41 $ — Total cash and cash equivalents 41 41 — Available-for-sale securities: Auction rate securities ("ARS") (1) 1,874 — 1,874 Total available-for-sale securities 1,874 — 1,874 Invested funds in deferred compensation plan (2) 12,516 12,516 — Total assets measured at fair value $ 14,431 $ 12,557 $ 1,874 Liabilities Deferred compensation plan obligation (2) $ 12,516 $ 12,516 $ — Total liabilities measured at fair value $ 12,516 $ 12,516 $ — April 1, 2017 Assets Cash and cash equivalents: Money market funds $ 14 $ 14 $ — Total cash and cash equivalents 14 14 — Available for-sale securities: Auction rate securities (1) 1,721 — 1,721 Total available-for-sale securities 1,721 — 1,721 Invested funds in deferred compensation plan (2) 10,237 10,237 — Total assets measured at fair value $ 11,972 $ 10,251 $ 1,721 Liabilities Deferred compensation plan obligation (2) $ 10,237 $ 10,237 $ — Total liabilities measured at fair value $ 10,237 $ 10,237 $ — (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) 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)	6 Months Ended
	Sep. 30, 2017
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 Six Months Ended September 30, October 1, September 30, October 1, Revenue: MP $ 630,397 $ 706,138 $ 1,086,620 $ 1,253,215 IDP 190,216 157,590 373,854 308,080 All other (1) 970 970 1,940 1,940 Total revenue $ 821,583 $ 864,698 $ 1,462,414 $ 1,563,235 Income from operations: MP $ 172,892 $ 164,397 $ 260,699 $ 297,374 IDP 57,649 32,416 107,235 67,067 All other (180,977 ) (151,420 ) (346,199 ) (313,307 ) Income from operations 49,564 45,393 21,735 51,134 Interest expense (14,778 ) (15,554 ) (27,049 ) (30,741 ) Interest income 1,058 192 1,824 470 Other expense (192 ) (311 ) (1,126 ) (811 ) Income (loss) before income taxes $ 35,652 $ 29,720 $ (4,616 ) $ 20,052 (1) "All other" revenue relates to royalty income that is not allocated to MP or IDP.
Summary of reconciliation of "All other" category	Three Months Ended Six Months Ended September 30, October 1, September 30, October 1, Reconciliation of “All other” category: Stock-based compensation expense $ (23,458 ) $ (26,042 ) $ (44,584 ) $ (56,636 ) Amortization of intangible assets (135,639 ) (119,646 ) (270,325 ) (238,991 ) Acquisition and integration related costs (2,613 ) (8,962 ) (5,390 ) (15,722 ) Acquired inventory step-up and revaluation — (318 ) — (1,517 ) Restructuring charges (7,453 ) (468 ) (7,984 ) (882 ) IPR litigation settlement — 5,100 — 4,944 Start-up costs (7,129 ) (2,012 ) (13,753 ) (4,088 ) Other (expense) income (including (loss) gain on assets and other miscellaneous corporate overhead) (4,685 ) 928 (4,163 ) (415 ) Loss from operations for “All other” $ (180,977 ) $ (151,420 ) $ (346,199 ) $ (313,307 )

Consolidating Financial Infor25

Consolidating Financial Information Consolidating Financial Information (Tables)	6 Months Ended
	Sep. 30, 2017
Consolidating Financial Information [Abstract]
Condensed Balance Sheet	Condensed Consolidating Balance Sheet September 30, 2017 (in thousands) Parent Company Guarantor Subsidiaries Non-Guarantor Subsidiaries Eliminations Consolidated ASSETS Current assets: Cash and cash equivalents $ — $ 96,548 $ 478,325 $ — $ 574,873 Accounts receivable, less allowance — 58,886 400,875 — 459,761 Intercompany accounts and notes receivable — 434,122 61,556 (495,678 ) — Inventories — 168,987 315,236 (23,218 ) 461,005 Prepaid expenses — 20,841 12,540 — 33,381 Other receivables — 7,186 43,290 — 50,476 Other current assets — 31,642 4,602 (7,532 ) 28,712 Total current assets — 818,212 1,316,424 (526,428 ) 1,608,208 Property and equipment, net — 1,135,318 308,481 (407 ) 1,443,392 Goodwill — 1,121,942 1,051,947 — 2,173,889 Intangible assets, net — 497,413 632,623 — 1,130,036 Long-term investments — 1,878 64,207 — 66,085 Long-term intercompany accounts and notes receivable — 482,581 112,481 (595,062 ) — Investment in subsidiaries 6,186,247 2,688,863 — (8,875,110 ) — Other non-current assets 119,790 32,457 23,329 (119,106 ) 56,470 Total assets $ 6,306,037 $ 6,778,664 $ 3,509,492 $ (10,116,113 ) $ 6,478,080 LIABILITIES AND STOCKHOLDERS’ EQUITY Current liabilities: Accounts payable $ — $ 72,432 $ 140,318 $ — $ 212,750 Intercompany accounts and notes payable — 61,556 434,122 (495,678 ) — Accrued liabilities 22,959 120,239 42,690 (1,703 ) 184,185 Other current liabilities — (206 ) 33,805 (7,532 ) 26,067 Total current liabilities 22,959 254,021 650,935 (504,913 ) 423,002 Long-term debt 989,692 — — — 989,692 Deferred tax liabilities — 169,839 23,435 (119,106 ) 74,168 Long-term intercompany accounts and notes payable 388,810 112,481 93,771 (595,062 ) — Other long-term liabilities — 34,154 52,488 — 86,642 Total liabilities 1,401,461 570,495 820,629 (1,219,081 ) 1,573,504 Total stockholders’ equity 4,904,576 6,208,169 2,688,863 (8,897,032 ) 4,904,576 Total liabilities and stockholders’ equity $ 6,306,037 $ 6,778,664 $ 3,509,492 $ (10,116,113 ) $ 6,478,080 Condensed Consolidating Balance Sheet April 1, 2017 (in thousands) Parent Company Guarantor Subsidiaries Non-Guarantor Subsidiaries Eliminations and Reclassifications Consolidated ASSETS Current assets: Cash and cash equivalents $ — $ 226,186 $ 319,277 $ — $ 545,463 Accounts receivable, less allowance — 57,874 300,074 — 357,948 Intercompany accounts and notes receivable — 392,075 36,603 (428,678 ) — Inventories — 131,225 322,559 (23,330 ) 430,454 Prepaid expenses — 29,032 7,197 — 36,229 Other receivables — 7,239 58,008 — 65,247 Other current assets — 25,534 730 — 26,264 Total current assets — 869,165 1,044,448 (452,008 ) 1,461,605 Property and equipment, net — 1,078,761 314,910 (1,739 ) 1,391,932 Goodwill — 1,121,941 1,051,973 — 2,173,914 Intangible assets, net — 599,618 800,945 — 1,400,563 Long-term investments — 25,971 9,523 — 35,494 Long-term intercompany accounts and notes receivable — 447,613 138,398 (586,011 ) — Investment in subsidiaries 6,142,568 2,596,172 — (8,738,740 ) — Other non-current assets 84,153 33,249 24,746 (83,333 ) 58,815 Total assets $ 6,226,721 $ 6,772,490 $ 3,384,943 $ (9,861,831 ) $ 6,522,323 LIABILITIES AND STOCKHOLDERS’ EQUITY Current liabilities: Accounts payable $ — $ 111,799 $ 104,447 $ — $ 216,246 Intercompany accounts and notes payable — 36,603 392,075 (428,678 ) — Accrued liabilities 23,150 111,700 35,734 — 170,584 Other current liabilities — 55 31,943 — 31,998 Total current liabilities 23,150 260,157 564,199 (428,678 ) 418,828 Long-term debt 989,154 — — — 989,154 Deferred tax liabilities — 171,284 43,560 (83,333 ) 131,511 Long-term intercompany accounts and notes payable 317,695 138,398 129,918 (586,011 ) — Other long-term liabilities — 35,014 51,094 — 86,108 Total liabilities 1,329,999 604,853 788,771 (1,098,022 ) 1,625,601 Total stockholders’ equity 4,896,722 6,167,637 2,596,172 (8,763,809 ) 4,896,722 Total liabilities and stockholders’ equity $ 6,226,721 $ 6,772,490 $ 3,384,943 $ (9,861,831 ) $ 6,522,323
Condensed Statement of Comprehensive Income	Condensed Consolidating Statement of Income and Comprehensive Income Three Months Ended September 30, 2017 (in thousands) Parent Company Guarantor Subsidiaries Non-Guarantor Subsidiaries Eliminations and Reclassifications Consolidated Revenue $ — $ 256,595 $ 775,682 $ (210,694 ) $ 821,583 Cost of goods sold — 196,350 480,439 (176,228 ) 500,561 Gross profit — 60,245 295,243 (34,466 ) 321,022 Operating expenses: Research and development 6,703 11,148 97,800 (4,253 ) 111,398 Selling, general and administrative 16,626 66,958 86,004 (30,721 ) 138,867 Other operating expense 129 16,800 4,288 (24 ) 21,193 Total operating expenses 23,458 94,906 188,092 (34,998 ) 271,458 Income (loss) from operations (23,458 ) (34,661 ) 107,151 532 49,564 Interest expense (14,442 ) (557 ) (434 ) 655 (14,778 ) Interest income — 331 1,382 (655 ) 1,058 Other (expense) income — 970 (3,880 ) 2,718 (192 ) Income (loss) before income taxes (37,900 ) (33,917 ) 104,219 3,250 35,652 Income tax benefit (expense) 19,527 (8,651 ) (10,609 ) — 267 Income in subsidiaries 54,292 93,610 — (147,902 ) — Net income $ 35,919 $ 51,042 $ 93,610 $ (144,652 ) $ 35,919 Comprehensive income $ 35,527 $ 51,080 $ 90,666 $ (141,746 ) $ 35,527 Condensed Consolidating Statement of Income and Comprehensive Income Three Months Ended October 1, 2016 (in thousands) Parent Company Guarantor Subsidiaries Non-Guarantor Subsidiaries Eliminations and Reclassifications Consolidated Revenue $ — $ 299,557 $ 826,576 $ (261,435 ) $ 864,698 Cost of goods sold — 224,835 542,764 (219,700 ) 547,899 Gross profit — 74,722 283,812 (41,735 ) 316,799 Operating expenses: Research and development 6,248 12,427 115,044 (7,641 ) 126,078 Selling, general and administrative 19,794 74,673 89,971 (45,855 ) 138,583 Other operating expense — 93 1,013 5,639 6,745 Total operating expenses 26,042 87,193 206,028 (47,857 ) 271,406 Income (loss) from operations (26,042 ) (12,471 ) 77,784 6,122 45,393 Interest expense (15,167 ) (589 ) (979 ) 1,181 (15,554 ) Interest income — 1,509 (136 ) (1,181 ) 192 Other (expense) income — 189 1,780 (2,280 ) (311 ) Income (loss) before income taxes (41,209 ) (11,362 ) 78,449 3,842 29,720 Income tax (expense) benefit 13,136 (28,833 ) (2,176 ) — (17,873 ) Income in subsidiaries 39,920 76,273 — (116,193 ) — Net income $ 11,847 $ 36,078 $ 76,273 $ (112,351 ) $ 11,847 Comprehensive income $ 12,258 $ 36,079 $ 76,683 $ (112,762 ) $ 12,258 Condensed Consolidating Statement of Income and Comprehensive Income Six Months Ended September 30, 2017 (in thousands) Parent Company Guarantor Subsidiaries Non-Guarantor Subsidiaries Eliminations Consolidated Revenue $ — $ 528,548 $ 1,356,236 $ (422,370 ) $ 1,462,414 Cost of goods sold — 380,354 873,175 (348,514 ) 905,015 Gross profit — 148,194 483,061 (73,856 ) 557,399 Operating expenses: Research and development 13,499 27,886 195,084 (8,572 ) 227,897 Selling, general and administrative 30,871 133,170 180,056 (65,799 ) 278,298 Other operating expense 214 23,860 5,298 97 29,469 Total operating expenses 44,584 184,916 380,438 (74,274 ) 535,664 Income (loss) from operations (44,584 ) (36,722 ) 102,623 418 21,735 Interest expense (26,366 ) (1,132 ) (768 ) 1,217 (27,049 ) Interest income — 825 2,216 (1,217 ) 1,824 Other (expense) income — 756 (1,882 ) — (1,126 ) (Loss) income before income taxes (70,950 ) (36,273 ) 102,189 418 (4,616 ) Income tax benefit (expense) 35,773 (16,175 ) (9,687 ) — 9,911 Income in subsidiaries 40,472 92,502 — (132,974 ) — Net income $ 5,295 $ 40,054 $ 92,502 $ (132,556 ) $ 5,295 Comprehensive income $ 5,622 $ 40,153 $ 90,216 $ (130,369 ) $ 5,622 Condensed Consolidating Statement of Income and Comprehensive Income Six Months Ended October 1, 2016 (in thousands) Parent Company Guarantor Subsidiaries Non-Guarantor Subsidiaries Eliminations Consolidated Revenue $ — $ 732,543 $ 1,552,386 $ (721,694 ) $ 1,563,235 Cost of goods sold — 558,098 1,061,525 (649,662 ) 969,961 Gross profit — 174,445 490,861 (72,032 ) 593,274 Operating expenses: Research and development 17,917 22,278 213,531 (10,511 ) 243,215 Selling, general and administrative 38,719 131,327 193,854 (81,722 ) 282,178 Other operating expense — 3,739 6,887 6,121 16,747 Total operating expenses 56,636 157,344 414,272 (86,112 ) 542,140 Income (loss) from operations (56,636 ) 17,101 76,589 14,080 51,134 Interest expense (29,935 ) (1,407 ) (1,898 ) 2,499 (30,741 ) Interest income — 2,991 (229 ) (2,292 ) 470 Other (expense) income — (132 ) 836 (1,515 ) (811 ) Income (loss) before income taxes (86,571 ) 18,553 75,298 12,772 20,052 Income tax (expense) benefit 27,619 (60,151 ) 18,652 — (13,880 ) Income in subsidiaries 65,124 93,950 — (159,074 ) — Net income $ 6,172 $ 52,352 $ 93,950 $ (146,302 ) $ 6,172 Comprehensive income $ 5,575 $ 52,425 $ 93,280 $ (145,705 ) $ 5,575
Condensed Cash Flow Statement	Condensed Consolidating Statement of Cash Flows Six Months Ended September 30, 2017 (in thousands) Parent Company Guarantor Subsidiaries Non-Guarantor Subsidiaries Eliminations and Reclassifications Consolidated Net cash provided by (used in) operating activities $ 80,063 $ (2,241 ) $ 245,672 $ — $ 323,494 Investing activities: Purchase of property and equipment — (159,337 ) (32,882 ) — (192,219 ) Other investing activities — 7,154 (30,182 ) — (23,028 ) Net transactions with related parties — 24,100 (24,100 ) — — Net cash used in investing activities — (128,083 ) (87,164 ) — (215,247 ) Financing activities: Proceeds from the issuance of common stock 32,867 — — — 32,867 Repurchase of common stock, including transaction costs (88,925 ) — — — (88,925 ) Tax withholding paid on behalf of employees for restricted stock units (24,005 ) — — — (24,005 ) Net transactions with related parties — 686 (686 ) — — Net cash (used in) provided by financing activities (80,063 ) 686 (686 ) — (80,063 ) Effect of exchange rate changes on cash — — 1,260 — 1,260 Net increase (decrease) in cash, cash equivalents and restricted cash — (129,638 ) 159,082 — 29,444 Cash, cash equivalents and restricted cash at the beginning of the period — 226,186 319,593 — 545,779 Cash, cash equivalents and restricted cash at the end of the period $ — $ 96,548 $ 478,675 $ — $ 575,223 Condensed Consolidating Statement of Cash Flows Six Months Ended October 1, 2016 (in thousands) Parent Company Guarantor Subsidiaries Non-Guarantor Subsidiaries Eliminations and Reclassifications 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, net of cash acquired — — (118,020 ) — (118,020 ) Proceeds from maturities and sales of available-for-sale securities — 186,793 — — 186,793 Other investing activities — 3,721 (8,900 ) — (5,179 ) Net cash (used in) provided by investing activities — 1,477 (188,302 ) — (186,825 ) 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 activities (2 ) (2 ) Net transactions with related parties 893 (893 ) — Net cash (used in) provided by financing activities (79,030 ) 891 (893 ) — (79,032 ) Effect of exchange rate changes on cash — — (38 ) — (38 ) Net increase (decrease) in cash, cash equivalents and restricted cash — (25,325 ) 68,817 — 43,492 Cash, cash equivalents and restricted cash — 220,633 205,429 — 426,062 Cash, cash equivalents and restricted cash $ — $ 195,308 $ 274,246 $ — $ 469,554

Change in Estimate (Details)

Change in Estimate (Details) - Change in Accounting Method Accounted for as Change in Estimate [Member] - USD ($) $ / shares in Units, $ in Millions	3 Months Ended	6 Months Ended
	Sep. 30, 2017	Sep. 30, 2017
Change in estimate
Change in Accounting Estimate Impact, Depreciation Expense	$ 15.6	$ 29.8
Change in Accounting Estimate Impact, Income from Operations	15.1	17.3
Change in Accounting Estimate Impact, Inventory	0.5	12.5
Change in Accounting Estimate Impact, Net Income	$ 14.1	$ 15.6
Change in Accounting Estimate Impact, Diluted Earnings Per Share	$ 0.10	$ 0.12

Net Income Per Share (Details)

Net Income Per Share (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Sep. 30, 2017	Oct. 01, 2016	Sep. 30, 2017	Oct. 01, 2016
Numerator:
Numerator for basic and diluted net income per share — net income available to common stockholders	$ 35,919	$ 11,847	$ 5,295	$ 6,172
Denominator:
Denominator for basic net income per share — weighted average shares	127,257	127,546	127,109	127,543
Effect of dilutive securities:
Stock-based awards	3,521	4,783	3,953	4,918
Denominator for diluted net income per share — adjusted weighted average shares and assumed conversions	130,778	132,329	131,062	132,461
Basic net income per share (in dollars per share)	$ 0.28	$ 0.09	$ 0.04	$ 0.05
Diluted net income per share (in dollars per share)	$ 0.27	$ 0.09	$ 0.04	$ 0.05

Net Income Per Share (Details T

Net Income Per Share (Details Textual) - shares shares in Millions	3 Months Ended	6 Months Ended
	Sep. 30, 2017	Sep. 30, 2017
Debt Instrument [Line Items]
Document Period End Date		Sep. 30, 2017
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	0.1	0.1

Inventories (Details)

Inventories (Details) - USD ($) $ in Thousands	Sep. 30, 2017	Apr. 01, 2017
Components of inventories
Raw materials	$ 108,026	$ 92,282
Work in process	220,935	198,339
Finished goods	132,044	139,833
Total inventories	$ 461,005	$ 430,454

Intangible Assets (Details)

Intangible Assets (Details) - USD ($) $ in Thousands	Sep. 30, 2017	Apr. 01, 2017
Intangible Assets
Intangible assets, accumulated amortization	$ 1,528,237	$ 1,257,665
Intangible assets, gross	2,658,273	2,658,228
In Process Research and Development [Member]
Intangible Assets
Indefinite-lived intangible assets	10,000	47,000
Licensing Agreements [Member]
Intangible Assets
Intangible assets, gross	13,369	13,346
Intangible assets, accumulated amortization	12,101	11,711
Customer Relationships
Intangible Assets
Intangible assets, gross	1,272,725	1,272,725
Intangible assets, accumulated amortization	796,431	656,688
Developed Technology
Intangible Assets
Intangible assets, gross	1,246,335	1,209,335
Intangible assets, accumulated amortization	606,683	481,441
Wafer Supply Agreement [Member]
Intangible Assets
Intangible assets, gross	20,443	20,443
Intangible assets, accumulated amortization	20,443	20,443
Trade Names [Member]
Intangible Assets
Intangible assets, gross	29,375	29,353
Intangible assets, accumulated amortization	26,852	21,912
Order or Production Backlog [Member]
Intangible Assets
Intangible assets, gross	65,000	65,000
Intangible assets, accumulated amortization	65,000	65,000
Noncompete Agreements [Member]
Intangible Assets
Intangible assets, gross	1,026	1,026
Intangible assets, accumulated amortization	$ 727	$ 470

Intangible Assets (Details Text

Intangible Assets (Details Textual) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Sep. 30, 2017	Oct. 01, 2016	Sep. 30, 2017	Oct. 01, 2016
Business Acquisition [Line Items]
Completed and transferred acquired in-process research and development during period	$ 37
Useful life	4 years
Amortization expense	$ 135.8	$ 119.8	$ 270.5	$ 239.2

Debt (Details Textual)

Debt (Details Textual) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Sep. 30, 2017	Oct. 01, 2016	Sep. 30, 2017	Oct. 01, 2016	Apr. 01, 2017	Nov. 19, 2015	Apr. 07, 2015
Debt Instrument [Line Items]
Long-term debt	$ 989,692		$ 989,692		$ 989,154
Document Period End Date			Sep. 30, 2017
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%
Long-term Debt, Fair Value	$ 491,100		$ 491,100		489,400
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%
Long-term Debt, Fair Value	$ 629,800		$ 629,800		607,800
Senior Notes [Member]
Debt Instrument [Line Items]
Interest Expense, Borrowings	17,300	$ 17,300	34,600	$ 34,800
Interest Costs Capitalized	3,200	$ 2,400	8,800	5,400
Interest Paid			34,400	$ 36,700
Bank of America Syndicate [Member] | Revolving Credit Facility [Member] | Credit Agreement [Member]
Debt Instrument [Line Items]
Long-term debt	$ 0		0		$ 0
Proceeds from Lines of Credit			$ 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
Default rate [Member] | Bank of America Syndicate [Member] | Credit Agreement [Member]
Debt Instrument [Line Items]
Debt Instrument, Basis Spread on Variable Rate			2.00%

Income Taxes (Details)

Income Taxes (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Sep. 30, 2017	Oct. 01, 2016	Sep. 30, 2017	Oct. 01, 2016	Apr. 01, 2017
New Accounting Pronouncements
Income tax benefit (expense)	$ 267	$ (17,873)	$ 9,911	$ (13,880)
Effective tax rate	(0.70%)	60.10%	214.70%	69.20%
Document Fiscal Year Focus			2,018
Gross unrecognized tax benefits	$ 98,900		$ 98,900		$ 90,600
Change in unrecognized tax benefits arising from increases related to current period tax positions			8,300
Accounting Standards Update 2016-09 | Deferred tax assets
New Accounting Pronouncements
Quantifiction of new accounting pronouncement			$ 36,700

Investments and Fair Value Me34

Investments and Fair Value Measurements (Details) - USD ($) $ in Thousands	Sep. 30, 2017	Apr. 01, 2017
Cash equivalents and available-for-sale securities
Cost basis	$ 2,191	$ 2,164
Gross unrealized losses	(276)	(429)
Estimated fair value	1,915	1,735
Auction Rate Securities [Member]
Cash equivalents and available-for-sale securities
Cost basis	2,150	2,150
Gross unrealized losses	(276)	(429)
Estimated fair value	1,874	1,721
Money Market Funds [Member]
Cash equivalents and available-for-sale securities
Cost basis	41	14
Estimated fair value	$ 41	$ 14

Investments and Fair Value Me35

Investments and Fair Value Measurements (Details 1) - Debt Securities [Member] - USD ($) $ in Thousands	Sep. 30, 2017	Apr. 01, 2017
Schedule of Expected Maturities of Cash Equivalents and Available-for-Sale Securities[Line Items]
Cost of investments in cash equivalents and debt securities due in less than one year	$ 41	$ 14
Cost of investments in cash equivalents and debt securities due after ten years	2,150	2,150
Cost	2,191	2,164
Estimated fair value of investments in cash equivalents and debt securities due in less than one year	41	14
Estimated fair value of investments in cash equivalents and debt securities due after ten years	1,874	1,721
Estimated fair value	$ 1,915	$ 1,735

Investments and Fair Value Me36

Investments and Fair Value Measurements (Details 2) - USD ($) $ in Thousands	6 Months Ended
	Sep. 30, 2017	Apr. 01, 2017
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Document Period End Date	Sep. 30, 2017
Recurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Available-for-sale securities	$ 1,874	$ 1,721
Invested funds in deferred compensation plan	12,516	10,237	[1]
Total assets measured at fair value	14,431	11,972
Deferred compensation plan obligation	12,516	10,237	[1]
Total liabilities measured at fair value	12,516	10,237
Recurring [Member] | 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	0	0
Invested funds in deferred compensation plan	12,516	10,237	[1]
Total assets measured at fair value	12,557	10,251
Deferred compensation plan obligation	12,516	10,237	[1]
Total liabilities measured at fair value	12,516	10,237
Recurring [Member] | Significant Other Observable Inputs (Level 2) [Member]
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Available-for-sale securities	1,874	1,721
Invested funds in deferred compensation plan	0	0	[1]
Total assets measured at fair value	1,874	1,721
Auction Rate Securities [Member] | Recurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Available-for-sale securities	1,874	1,721	[2]
Auction Rate Securities [Member] | Recurring [Member] | Significant Other Observable Inputs (Level 2) [Member]
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Available-for-sale securities	1,874	1,721	[2]
Money Market Funds [Member] | Recurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Cash Equivalents, at Carrying Value	41	14
Money Market Funds [Member] | Recurring [Member] | Quoted Prices In Active Markets For Identical Assets (Level 1) [Member]
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Cash Equivalents, at Carrying Value	41	14
Cash and cash equivalents | Recurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Cash Equivalents, at Carrying Value	41	14
Cash and cash equivalents | Recurring [Member] | Quoted Prices In Active Markets For Identical Assets (Level 1) [Member]
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Cash Equivalents, at Carrying Value	$ 41	$ 14
[1]	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.
[2]	ARS are debt instruments with interest rates that reset through periodic short-term auctions. The Company’s Level 2 ARS are valued based on quoted prices for identical or similar instruments in markets that are not active.

Investments and Fair Value Me37

Investments and Fair Value Measurements (Details Textual) - USD ($) $ in Millions	6 Months Ended
	Sep. 30, 2017	Jul. 31, 2017	Aug. 04, 2015
Schedule of Cash equivalents and available-for-sale securities
Document Period End Date	Sep. 30, 2017
Cavendish [Member]
Schedule of Cash equivalents and available-for-sale securities
Equity Method Investments		$ 20	$ 25

Stock Repurchases (Details)

Stock Repurchases (Details) - USD ($) shares in Millions, $ in Millions	3 Months Ended		6 Months Ended
	Sep. 30, 2017	Oct. 01, 2016	Sep. 30, 2017	Nov. 03, 2016
Class of Stock [Line Items]
Document Period End Date			Sep. 30, 2017
Stock Repurchased During Period, Shares	0.8	1.6	1.2
Stock Repurchased During Period, Value	$ 57	$ 91.4	$ 88.9
November 2016 Program [Member]
Class of Stock [Line Items]
Stock Repurchase Program, Authorized Amount				$ 500
Stock Repurchase Program, Remaining Authorized Repurchase Amount	$ 293.1		$ 293.1

Recent Accounting Pronounceme39

Recent Accounting Pronouncements (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended	12 Months Ended
	Sep. 30, 2017	Jul. 01, 2017	Sep. 30, 2017	Apr. 01, 2017
Deferred tax assets | Accounting Standards Update 2016-09
New Accounting Pronouncements
Quantifiction of new accounting pronouncement			$ 36.7
Retained earnings | Accounting Standards Update 2016-09
New Accounting Pronouncements
Quantifiction of new accounting pronouncement		$ 36.7
Effect of early adoption | Cash and cash equivalents | Accounting Standards Update 2016-18
New Accounting Pronouncements
Quantifiction of new accounting pronouncement			1	$ 1
Effect of early adoption | Deferred tax assets | Accounting Standards Update 2016-16
New Accounting Pronouncements
Quantifiction of new accounting pronouncement		1.3
Income tax benefit (expense) | Accounting Standards Update 2016-09
New Accounting Pronouncements
Quantifiction of new accounting pronouncement	$ 5.5	$ 9.3
Income tax benefit (expense) | Effect of early adoption | Accounting Standards Update 2016-16
New Accounting Pronouncements
Quantifiction of new accounting pronouncement	$ 0.1		$ (5.4)

Operating Segment Information40

Operating Segment Information (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Sep. 30, 2017	Oct. 01, 2016	Sep. 30, 2017		Oct. 01, 2016
Revenue:
Net revenue	$ 821,583	$ 864,698	$ 1,462,414		$ 1,563,235
Income from operations:
Income (loss) from operations	49,564	45,393	21,735		51,134
Interest expense (Note 6)	(14,778)	(15,554)	(27,049)		(30,741)
Interest income	1,058	192	1,824		470
Other expense	(192)	(311)	(1,126)		(811)
Income (loss) before income taxes	35,652	29,720	(4,616)		20,052
Operating Segments | MP
Revenue:
Net revenue	630,397	706,138	1,086,620		1,253,215
Income from operations:
Income (loss) from operations	172,892	164,397	260,699		297,374
Operating Segments | IDP
Revenue:
Net revenue	190,216	157,590	373,854		308,080
Income from operations:
Income (loss) from operations	57,649	32,416	107,235		67,067
All other
Revenue:
Net revenue	970	970	1,940	[1]	1,940	[1]
Income from operations:
Income (loss) from operations	$ (180,977)	$ (151,420)	$ (346,199)		$ (313,307)
[1]	"All other" revenue relates to royalty income that is not allocated to MP or IDP.

Operating Segment Information41

Operating Segment Information (Details 1) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Sep. 30, 2017	Oct. 01, 2016	Sep. 30, 2017	Oct. 01, 2016
Reconciliation of "All other" category:
Stock-based compensation expense			$ (44,584)	$ (56,636)
Amortization of intangible assets	$ (135,800)	$ (119,800)	(270,500)	(239,200)
Loss from operations for “All other”	49,564	45,393	21,735	51,134
All other
Reconciliation of "All other" category:
Stock-based compensation expense	(23,458)	(26,042)	(44,584)	(56,636)
Amortization of intangible assets	(135,639)	(119,646)	(270,325)	(238,991)
Acquisition and integration related costs	(2,613)	(8,962)	(5,390)	(15,722)
Acquired inventory step-up and revaluation	0	(318)	0	(1,517)
Restructuring charges	(7,453)	(468)	(7,984)	(882)
IPR litigation settlement	0	5,100	0	(4,944)
Start-up costs	(7,129)	(2,012)	(13,753)	(4,088)
Other (expense) income (including (loss) gain on assets and other miscellaneous corporate overhead)	(4,685)	928	(4,163)	(415)
Loss from operations for “All other”	$ (180,977)	$ (151,420)	$ (346,199)	$ (313,307)

Consolidating Financial Infor42

Consolidating Financial Information Condensed Consolidating Balance Sheets (Details) - USD ($) $ in Thousands	6 Months Ended
	Sep. 30, 2017	Apr. 01, 2017
Document Period End Date	Sep. 30, 2017
Cash and cash equivalents	$ 574,873	$ 545,463
Accounts receivable, less allowance	459,761	357,948
Intercompany accounts and receivable	0	0
Inventories	461,005	430,454
Prepaid expenses	33,381	36,229
Other receivables	50,476	65,247
Other current assets	28,712	26,264
Total current assets	1,608,208	1,461,605
Property and equipment, net	1,443,392	1,391,932
Goodwill	2,173,889	2,173,914
Intangible assets, net	1,130,036	1,400,563
Long-term investments	66,085	35,494
Long-term intercompany accounts and notes receivable	0	0
Investment in subsidiaries	0	0
Deferred tax assets	0	0
Other non-current assets	56,470	58,815
Total assets	6,478,080	6,522,323
Accounts payable	212,750	216,246
Intercompany accounts and notes payable	0	0
Accrued liabilities	184,185	170,584
Other current liabilities	26,067	31,998
Total current liabilities	423,002	418,828
Long-term debt	989,692	989,154
Deferred tax liabilities	74,168	131,511
Intercompany accounts and notes payable, long-term	0	0
Other long-term liabilities	86,642	86,108
Total liabilities	1,573,504	1,625,601
Total stockholders’ equity	4,904,576	4,896,722
Total liabilities and stockholders’ equity	6,478,080	6,522,323
Guarantor Subsidiaries
Cash and cash equivalents	96,548	226,186
Accounts receivable, less allowance	58,886	57,874
Intercompany accounts and receivable	434,122	392,075
Inventories	168,987	131,225
Prepaid expenses	20,841	29,032
Other receivables	7,186	7,239
Other current assets	31,642	25,534
Total current assets	818,212	869,165
Property and equipment, net	1,135,318	1,078,761
Goodwill	1,121,942	1,121,941
Intangible assets, net	497,413	599,618
Long-term investments	1,878	25,971
Long-term intercompany accounts and notes receivable	482,581	447,613
Investment in subsidiaries	2,688,863	2,596,172
Deferred tax assets	0	0
Other non-current assets	32,457	33,249
Total assets	6,778,664	6,772,490
Accounts payable	72,432	111,799
Intercompany accounts and notes payable	61,556	36,603
Accrued liabilities	120,239	111,700
Other current liabilities	(206)	55
Total current liabilities	254,021	260,157
Long-term debt	0	0
Deferred tax liabilities	169,839	171,284
Intercompany accounts and notes payable, long-term	112,481	138,398
Other long-term liabilities	34,154	35,014
Total liabilities	570,495	604,853
Total stockholders’ equity	6,208,169	6,167,637
Total liabilities and stockholders’ equity	6,778,664	6,772,490
Non-Guarantor Subsidiaries
Cash and cash equivalents	478,325	319,277
Accounts receivable, less allowance	400,875	300,074
Intercompany accounts and receivable	61,556	36,603
Inventories	315,236	322,559
Prepaid expenses	12,540	7,197
Other receivables	43,290	58,008
Other current assets	4,602	730
Total current assets	1,316,424	1,044,448
Property and equipment, net	308,481	314,910
Goodwill	1,051,947	1,051,973
Intangible assets, net	632,623	800,945
Long-term investments	64,207	9,523
Long-term intercompany accounts and notes receivable	112,481	138,398
Investment in subsidiaries	0	0
Deferred tax assets	0	0
Other non-current assets	23,329	24,746
Total assets	3,509,492	3,384,943
Accounts payable	140,318	104,447
Intercompany accounts and notes payable	434,122	392,075
Accrued liabilities	42,690	35,734
Other current liabilities	33,805	31,943
Total current liabilities	650,935	564,199
Long-term debt	0	0
Deferred tax liabilities	23,435	43,560
Intercompany accounts and notes payable, long-term	93,771	129,918
Other long-term liabilities	52,488	51,094
Total liabilities	820,629	788,771
Total stockholders’ equity	2,688,863	2,596,172
Total liabilities and stockholders’ equity	3,509,492	3,384,943
Parent Company
Cash and cash equivalents	0	0
Accounts receivable, less allowance	0	0
Intercompany accounts and receivable	0	0
Inventories	0	0
Prepaid expenses	0	0
Other receivables	0	0
Other current assets	0	0
Total current assets	0	0
Property and equipment, net	0	0
Goodwill	0	0
Intangible assets, net	0	0
Long-term investments	0	0
Long-term intercompany accounts and notes receivable	0	0
Investment in subsidiaries	6,186,247	6,142,568
Deferred tax assets
Other non-current assets	119,790	84,153
Total assets	6,306,037	6,226,721
Accounts payable	0	0
Intercompany accounts and notes payable	0	0
Accrued liabilities	22,959	23,150
Other current liabilities	0	0
Total current liabilities	22,959	23,150
Long-term debt	989,692	989,154
Deferred tax liabilities	0	0
Intercompany accounts and notes payable, long-term	388,810	317,695
Other long-term liabilities	0	0
Total liabilities	1,401,461	1,329,999
Total stockholders’ equity	4,904,576	4,896,722
Total liabilities and stockholders’ equity	6,306,037	6,226,721
Eliminations and Reclassifications
Cash and cash equivalents	0	0
Accounts receivable, less allowance	0	0
Intercompany accounts and receivable	(495,678)	(428,678)
Inventories	(23,218)	(23,330)
Prepaid expenses	0	0
Other receivables	0	0
Other current assets	(7,532)	0
Total current assets	(526,428)	(452,008)
Property and equipment, net	(407)	(1,739)
Goodwill	0	0
Intangible assets, net	0	0
Long-term investments	0	0
Long-term intercompany accounts and notes receivable	(595,062)	(586,011)
Investment in subsidiaries	(8,875,110)	(8,738,740)
Deferred tax assets
Other non-current assets	(119,106)	(83,333)
Total assets	(10,116,113)	(9,861,831)
Accounts payable	0	0
Intercompany accounts and notes payable	(495,678)	(428,678)
Accrued liabilities	(1,703)	0
Other current liabilities	(7,532)	0
Total current liabilities	(504,913)	(428,678)
Long-term debt	0	0
Deferred tax liabilities	(119,106)	(83,333)
Intercompany accounts and notes payable, long-term	(595,062)	(586,011)
Other long-term liabilities	0	0
Total liabilities	(1,219,081)	(1,098,022)
Total stockholders’ equity	(8,897,032)	(8,763,809)
Total liabilities and stockholders’ equity	$ (10,116,113)	$ (9,861,831)

Consolidating Financial Infor43

Consolidating Financial Information Condensed Consolidating Statements of Comprehensive Income (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Sep. 30, 2017	Oct. 01, 2016	Sep. 30, 2017	Oct. 01, 2016
Document Period End Date			Sep. 30, 2017
Revenue	$ 821,583	$ 864,698	$ 1,462,414	$ 1,563,235
Cost of Goods Sold	500,561	547,899	905,015	969,961
Gross profit	321,022	316,799	557,399	593,274
Research and development	111,398	126,078	227,897	243,215
Selling, general and administrative	138,867	138,583	278,298	282,178
Other operating expense	21,193	6,745	29,469	16,747
Total operating expenses	271,458	271,406	535,664	542,140
Income from operations	49,564	45,393	21,735	51,134
Interest expense	(14,778)	(15,554)	(27,049)	(30,741)
Interest income	1,058	192	1,824	470
Other expense (income)	(192)	(311)	(1,126)	(811)
Income (loss) before income taxes	35,652	29,720	(4,616)	20,052
Income tax benefit (expense) (Note 7)	267	(17,873)	9,911	(13,880)
Income in subsidiaries	0	0	0	0
Net income	35,919	11,847	5,295	6,172
Comprehensive Income (Loss), Net of Tax, Attributable to Parent	35,527	12,258	5,622	5,575
Parent Company
Revenue	0	0	0	0
Cost of Goods Sold	0	0	0	0
Gross profit	0	0	0	0
Research and development	6,703	6,248	13,499	17,917
Selling, general and administrative	16,626	19,794	30,871	38,719
Other operating expense	129	0	214	0
Total operating expenses	23,458	26,042	44,584	56,636
Income from operations	(23,458)	(26,042)	(44,584)	(56,636)
Interest expense	(14,442)	(15,167)	(26,366)	(29,935)
Interest income	0	0	0	0
Other expense (income)	0	0	0	0
Income (loss) before income taxes	(37,900)	(41,209)	(70,950)	(86,571)
Income tax benefit (expense) (Note 7)	19,527	13,136	35,773	27,619
Income in subsidiaries	54,292	39,920	40,472	65,124
Net income	35,919	11,847	5,295	6,172
Comprehensive Income (Loss), Net of Tax, Attributable to Parent	35,527	12,258	5,622	5,575
Guarantor Subsidiaries
Revenue	256,595	299,557	528,548	732,543
Cost of Goods Sold	196,350	224,835	380,354	558,098
Gross profit	60,245	74,722	148,194	174,445
Research and development	11,148	12,427	27,886	22,278
Selling, general and administrative	66,958	74,673	133,170	131,327
Other operating expense	16,800	93	23,860	3,739
Total operating expenses	94,906	87,193	184,916	157,344
Income from operations	(34,661)	(12,471)	(36,722)	17,101
Interest expense	(557)	(589)	(1,132)	(1,407)
Interest income	331	1,509	825	2,991
Other expense (income)	970	189	756	(132)
Income (loss) before income taxes	(33,917)	(11,362)	(36,273)	18,553
Income tax benefit (expense) (Note 7)	(8,651)	(28,833)	(16,175)	(60,151)
Income in subsidiaries	93,610	76,273	92,502	93,950
Net income	51,042	36,078	40,054	52,352
Comprehensive Income (Loss), Net of Tax, Attributable to Parent	51,080	36,079	40,153	52,425
Non-Guarantor Subsidiaries
Revenue	775,682	826,576	1,356,236	1,552,386
Cost of Goods Sold	480,439	542,764	873,175	1,061,525
Gross profit	295,243	283,812	483,061	490,861
Research and development	97,800	115,044	195,084	213,531
Selling, general and administrative	86,004	89,971	180,056	193,854
Other operating expense	4,288	1,013	5,298	6,887
Total operating expenses	188,092	206,028	380,438	414,272
Income from operations	107,151	77,784	102,623	76,589
Interest expense	(434)	(979)	(768)	(1,898)
Interest income	1,382	(136)	2,216	(229)
Other expense (income)	(3,880)	1,780	(1,882)	836
Income (loss) before income taxes	104,219	78,449	102,189	75,298
Income tax benefit (expense) (Note 7)	(10,609)	(2,176)	(9,687)	18,652
Income in subsidiaries	0	0	0	0
Net income	93,610	76,273	92,502	93,950
Comprehensive Income (Loss), Net of Tax, Attributable to Parent	90,666	76,683	90,216	93,280
Eliminations and Reclassifications
Revenue	(210,694)	(261,435)	(422,370)	(721,694)
Cost of Goods Sold	(176,228)	(219,700)	(348,514)	(649,662)
Gross profit	(34,466)	(41,735)	(73,856)	(72,032)
Research and development	(4,253)	(7,641)	(8,572)	(10,511)
Selling, general and administrative	(30,721)	(45,855)	(65,799)	(81,722)
Other operating expense	(24)	5,639	97	6,121
Total operating expenses	(34,998)	(47,857)	(74,274)	(86,112)
Income from operations	532	6,122	418	14,080
Interest expense	655	1,181	1,217	2,499
Interest income	(655)	(1,181)	(1,217)	(2,292)
Other expense (income)	2,718	(2,280)	0	(1,515)
Income (loss) before income taxes	3,250	3,842	418	12,772
Income tax benefit (expense) (Note 7)	0	0	0	0
Income in subsidiaries	(147,902)	(116,193)	(132,974)	(159,074)
Net income	(144,652)	(112,351)	(132,556)	(146,302)
Comprehensive Income (Loss), Net of Tax, Attributable to Parent	$ (141,746)	$ (112,762)	$ (130,369)	$ (145,705)

Consolidating Financial Infor44

Consolidating Financial Information Condensed Consolidating Statements of Cash Flows (Details) - USD ($) $ in Thousands	6 Months Ended
	Sep. 30, 2017	Oct. 01, 2016	Apr. 01, 2017	Apr. 02, 2016
Document Period End Date	Sep. 30, 2017
Net Cash Provided by (Used in) Operating Activities	$ 323,494	$ 309,387
Payments to Acquire Property, Plant, and Equipment	(192,219)	(250,419)
Payments to Acquire Businesses, Net of Cash Acquired	0	(118,020)
Proceeds from maturities and sales of available-for-sale securities	0	186,793
Other investing activities	(23,028)	(5,179)
Net transactions with related parties, investing	0
Net Cash Provided by (Used in) Investing Activities	(215,247)	(186,825)
Excess tax benefit from exercises of stock options	0	56
Proceeds from Issuance of Shares under Incentive and Share-based Compensation Plans, Including Stock Options	32,867	27,077
Repurchase of common stock, including transaction costs	(88,925)	(91,400)
Payments Related to Tax Withholding for Share-based Compensation	(24,005)	(14,763)
Other financing activities	0	(2)
Net transactions with related parties	0	0
Net Cash Provided by (Used in) Financing Activities	(80,063)	(79,032)
Effect of Exchange Rate on Cash and Cash Equivalents	1,260	(38)
Net increase (decrease) in cash, cash equivalents and restricted cash	29,444	43,492
Cash, cash equivalents and restricted cash	575,223	469,554	$ 545,779	$ 426,062
Parent Company
Net Cash Provided by (Used in) Operating Activities	80,063	79,030
Payments to Acquire Property, Plant, and Equipment	0	0
Payments to Acquire Businesses, Net of Cash Acquired		0
Proceeds from maturities and sales of available-for-sale securities		0
Other investing activities	0	0
Net transactions with related parties, investing	0
Net Cash Provided by (Used in) Investing Activities	0	0
Excess tax benefit from exercises of stock options		56
Proceeds from Issuance of Shares under Incentive and Share-based Compensation Plans, Including Stock Options	32,867	27,077
Repurchase of common stock, including transaction costs	(88,925)	(91,400)
Payments Related to Tax Withholding for Share-based Compensation	(24,005)	(14,763)
Other financing activities	0
Net transactions with related parties	0
Net Cash Provided by (Used in) Financing Activities	(80,063)	(79,030)
Effect of Exchange Rate on Cash and Cash Equivalents	0	0
Net increase (decrease) in cash, cash equivalents and restricted cash	0	0
Cash, cash equivalents and restricted cash	0	0	0	0
Guarantor Subsidiaries
Net Cash Provided by (Used in) Operating Activities	(2,241)	(27,693)
Payments to Acquire Property, Plant, and Equipment	(159,337)	(189,037)
Payments to Acquire Businesses, Net of Cash Acquired		0
Proceeds from maturities and sales of available-for-sale securities		186,793
Other investing activities	7,154	3,721
Net transactions with related parties, investing	(24,100)
Net Cash Provided by (Used in) Investing Activities	(128,083)	1,477
Excess tax benefit from exercises of stock options
Proceeds from Issuance of Shares under Incentive and Share-based Compensation Plans, Including Stock Options	0
Repurchase of common stock, including transaction costs	0
Payments Related to Tax Withholding for Share-based Compensation	0
Other financing activities	0	(2)
Net transactions with related parties	686	893
Net Cash Provided by (Used in) Financing Activities	686	891
Effect of Exchange Rate on Cash and Cash Equivalents	0	0
Net increase (decrease) in cash, cash equivalents and restricted cash	(129,638)	(25,325)
Cash, cash equivalents and restricted cash	96,548	195,308	226,186	220,633
Non-Guarantor Subsidiaries
Net Cash Provided by (Used in) Operating Activities	245,672	258,050
Payments to Acquire Property, Plant, and Equipment	(32,882)	(61,382)
Payments to Acquire Businesses, Net of Cash Acquired		(118,020)
Proceeds from maturities and sales of available-for-sale securities		0
Other investing activities	(30,182)	(8,900)
Net transactions with related parties, investing	24,100
Net Cash Provided by (Used in) Investing Activities	(87,164)	(188,302)
Excess tax benefit from exercises of stock options
Proceeds from Issuance of Shares under Incentive and Share-based Compensation Plans, Including Stock Options	0
Repurchase of common stock, including transaction costs	0
Payments Related to Tax Withholding for Share-based Compensation	0
Other financing activities	0
Net transactions with related parties	(686)	(893)
Net Cash Provided by (Used in) Financing Activities	(686)	(893)
Effect of Exchange Rate on Cash and Cash Equivalents	1,260	(38)
Net increase (decrease) in cash, cash equivalents and restricted cash	159,082	68,817
Cash, cash equivalents and restricted cash	478,675	274,246	319,593	205,429
Eliminations and Reclassifications
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 maturities and sales of available-for-sale securities		0
Other investing activities	0	0
Net transactions with related parties, investing	0
Net Cash Provided by (Used in) Investing Activities	0	0
Excess tax benefit from exercises of stock options
Proceeds from Issuance of Shares under Incentive and Share-based Compensation Plans, Including Stock Options	0
Repurchase of common stock, including transaction costs	0
Payments Related to Tax Withholding for Share-based Compensation	0
Other financing activities	0
Net transactions with related parties	0
Net Cash Provided by (Used in) Financing Activities	0	0
Effect of Exchange Rate on Cash and Cash Equivalents	0	0
Net increase (decrease) in cash, cash equivalents and restricted cash	0	0
Cash, cash equivalents and restricted cash	$ 0	$ 0	$ 0	$ 0

Consolidating Financial Infor45

Consolidating Financial Information Consolidating Financial Information (Details) - USD ($) $ in Millions	3 Months Ended	6 Months Ended
	Oct. 01, 2016	Oct. 01, 2016
Guarantor Subsidiaries | Income from operations
Immaterial corrections	$ 16	$ 26.7
Guarantor Subsidiaries | Income (loss) in subsidiaries
Immaterial corrections	76.3	94
Non-Guarantor Subsidiaries | Income from operations
Immaterial corrections	$ (26.3)	$ (70)