Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Cash Flows (Unaudited)

v3.6.0.2
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
9 Months Ended
Jan. 01, 2017
Dec. 27, 2015
Cash flows from operating activities:    
Net income (loss) $ 55,327,000 $ (13,844,000)
Net income (loss) from discontinued operations (See Note 3) 47,982,000 (7,355,000)
Income (loss) from continuing operations 7,345,000 (6,489,000)
Adjustments to reconcile income from continuing operations to net cash flows from operating activities:    
Depreciation and amortization 4,739,000 6,908,000
Gain on sale of land and building under sale-leaseback arrangement (9,300,000)
Amortization of deferred gain on sale-leaseback arrangement (996,000)
Stock-based compensation expense 7,131,000 3,810,000
Impairment of design tools 1,519,000
Restructuring charges and exist costs 1,148,000 905,000
Changes in operating assets and liabilities:    
Accounts receivable 1,558,000 (1,822,000)
Inventories (3,414,000) 3,495,000
Prepaid expenses, other current assets and other assets (515,000) 7,488,000
Accounts payable 5,049,000 1,055,000
Accrued compensation and related benefits (708,000) (646,000)
Deferred income (1,527,000) (2,841,000)
Other current and non-current liabilities (2,219,000) (7,875,000)
Net cash provided by operating activities - continuing operations 9,810,000 3,988,000
Net cash provided by (used in) operating activities - discontinued operations 979,000 (2,884,000)
Net cash provided by operating activities 10,789,000 1,104,000
Cash flows from investing activities:    
Purchases of property, plant and equipment and intellectual property, net (769,000) (954,000)
Sale of land and building under sale-leaseback arrangement 24,051,000
Purchases of short-term marketable securities (125,762,000)
Net cash provided by (used in) investing activities - continuing operations (102,480,000) (954,000)
Net cash provided by investing activities - discontinued operations 127,933,000
Net cash provided by (used in) investing activities 25,453,000 (954,000)
Cash flows from financing activities:    
Proceeds from issuance of common stock 13,950,000 2,351,000
Purchase of stock for withholding taxes on vested restricted stock (456,000) (1,562,000)
Cash settlement of equity award (429,000)
Payments of lease financing obligations (2,783,000) (2,294,000)
Net cash provided by (used in) financing activities - continuing operations 10,711,000 (1,934,000)
Net cash provided by financing activities - discontinued operations
Net cash provided by (used in) financing activities 10,711,000 (1,934,000)
Net increase in cash and cash equivalents 46,953,000 (1,784,000)
Cash and cash equivalents at the beginning of the period 55,070,000 55,233,000
Cash and cash equivalents at the end of the period $ 102,023,000 $ 53,449,000