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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2017
Oct. 01, 2016
Operating Activities    
Net Income $ 51,944 $ 41,385
Adjustments to reconcile net income to cash provided by operating activities:    
Depreciation of property and equipment 11,068 9,912
Amortization of other intangible assets and other assets 20,531 21,461
Amortization of debt discount and debt issuance costs 6,984  
Stock-based compensation expense 33,007 30,057
Income tax shortfall from stock-based awards   (1,611)
Deferred income taxes (5,703) (1,460)
Changes in operating assets and liabilities:    
Accounts receivable (1,587) (11,322)
Inventories (13,196) (1,558)
Prepaid expenses and other assets 23,506 7,404
Accounts payable 1,746 1,280
Accrued expenses 9,720 8,930
Deferred income on shipments to distributors 11,039 11,573
Income taxes (424) 1,459
Other non-current liabilities (7,269) (10,891)
Net cash provided by operating activities 141,366 106,619
Investing Activities    
Purchases of available-for-sale investments (471,938) (131,741)
Sales and maturities of available-for-sale investments 143,765 129,511
Purchases of property and equipment (10,494) (8,545)
Purchases of other assets (2,622) (4,994)
Acquisition of business, net of cash acquired (13,658)  
Net cash used in investing activities (354,947) (15,769)
Financing Activities    
Proceeds from issuance of long-term debt, net 389,468  
Payments on debt (72,500) (5,000)
Repurchases of common stock   (40,543)
Payment of taxes withheld for vested stock awards (14,870) (10,148)
Proceeds from the issuance of common stock 6,836 8,451
Payment of acquisition-related contingent consideration   (9,500)
Net cash provided by (used in) financing activities 308,934 (56,740)
Increase in cash and cash equivalents 95,353 34,110
Cash and cash equivalents at beginning of period 141,106 114,085
Cash and cash equivalents at end of period $ 236,459 $ 148,195