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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jul. 01, 2017
Jul. 02, 2016
Operating Activities    
Net Income $ 31,995 $ 21,367
Adjustments to reconcile net income to cash provided by operating activities:    
Depreciation of property and equipment 7,308 6,675
Amortization of other intangible assets and other assets 13,571 15,534
Amortization of debt discount and debt issuance costs 3,907  
Stock-based compensation expense 21,652 20,861
Income tax shortfall from stock-based awards   (1,218)
Deferred income taxes (6,242) 817
Changes in operating assets and liabilities:    
Accounts receivable (887) 1,611
Inventories (7,737) (2,888)
Prepaid expenses and other assets 12,539 3,282
Accounts payable 2,363 (1,680)
Accrued expenses 141 4,372
Deferred income on shipments to distributors 3,251 3,773
Income taxes (127) (1,338)
Other non-current liabilities (1,169) (10,737)
Net cash provided by operating activities 80,565 60,431
Investing Activities    
Purchases of available-for-sale investments (389,234) (92,222)
Sales and maturities of available-for-sale investments 92,307 78,950
Purchases of property and equipment (8,390) (5,146)
Purchases of other assets (1,784) (2,215)
Acquisition of business, net of cash acquired (13,658)  
Net cash used in investing activities (320,759) (20,633)
Financing Activities    
Proceeds from issuance of long-term debt, net 389,468  
Payments on debt (72,500) (5,000)
Repurchases of common stock   (36,103)
Payment of taxes withheld for vested stock awards (14,101) (9,308)
Proceeds from the issuance of common stock 6,836 7,362
Payment of acquisition-related contingent consideration   (9,500)
Net cash provided by (used in) financing activities 309,703 (52,549)
Increase (decrease) in cash and cash equivalents 69,509 (12,751)
Cash and cash equivalents at beginning of period 141,106 114,085
Cash and cash equivalents at end of period $ 210,615 $ 101,334