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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Apr. 01, 2017
Apr. 02, 2016
Operating Activities    
Net income $ 15,426 $ 5,808
Adjustments to reconcile net income to cash provided by operating activities:    
Depreciation of property and equipment 3,596 3,310
Amortization of other intangible assets and other assets 6,752 7,980
Amortization of debt discount and debt issuance costs 869  
Stock-based compensation expense 10,486 10,344
Income tax benefit (shortfall) from stock-based awards   (1,025)
Excess income tax benefit from stock-based awards   (6)
Deferred income taxes (4,059) (38)
Changes in operating assets and liabilities:    
Accounts receivable (1,252) (990)
Inventories (1,636) 4,580
Prepaid expenses and other assets 6,708 9,159
Accounts payable 5,565 1,559
Accrued expenses (3,889) 6,260
Deferred income on shipments to distributors 4,038 5,558
Income taxes 945 494
Other non-current liabilities (1,536) (10,584)
Net cash provided by operating activities 42,013 42,409
Investing Activities    
Purchases of available-for-sale investments (267,777) (44,547)
Sales and maturities of available-for-sale investments 25,595 46,654
Purchases of property and equipment (4,543) (2,303)
Purchases of other assets (1,446) (1,107)
Acquisition of business, net of cash acquired (13,658)  
Net cash used in investing activities (261,829) (1,303)
Financing Activities    
Proceeds from issuance of long-term debt, net 390,000  
Payments on debt (72,500) (2,500)
Repurchases of common stock   (18,484)
Payment of taxes withheld for vested stock awards (13,553) (7,517)
Proceeds from the issuance of common stock 162  
Net cash provided by (used in) financing activities 304,109 (28,501)
Increase in cash and cash equivalents 84,293 12,605
Cash and cash equivalents at beginning of period 141,106 114,085
Cash and cash equivalents at end of period $ 225,399 $ 126,690