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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Apr. 04, 2020
Mar. 30, 2019
Operating Activities    
Net income $ 2,244 $ 5,398
Adjustments to reconcile net income to cash provided by operating activities:    
Depreciation of property and equipment 4,183 4,137
Amortization of other intangible assets and other assets 9,827 10,320
Amortization of debt discount and debt issuance costs 3,736 3,321
Stock-based compensation expense 15,313 12,584
Deferred income taxes (2,364) (3,530)
Changes in operating assets and liabilities:    
Accounts receivable 1,542 3,323
Inventories 4,777 4,488
Prepaid expenses and other assets 23,576 6,410
Accounts payable 2,748 714
Other current liabilities and income taxes (9,134) (15,996)
Deferred revenue and returns liability 4,114 1,477
Other non-current liabilities (862) (631)
Net cash provided by operating activities 59,700 32,015
Investing Activities    
Purchases of available-for-sale investments (70,910) (63,577)
Sales and maturities of available-for-sale investments 126,920 99,068
Purchases of property and equipment (4,135) (3,874)
Purchases of other assets (370) (414)
Net cash provided by investing activities 51,505 31,203
Financing Activities    
Proceeds from revolving line of credit 310,000  
Repurchases of common stock (16,287) (15,004)
Payment of taxes withheld for vested stock awards (16,294) (14,113)
Net cash provided by (used in) financing activities 277,419 (29,117)
Increase in cash and cash equivalents 388,624 34,101
Cash and cash equivalents at beginning of period 227,146 197,043
Cash and cash equivalents at end of period $ 615,770 $ 231,144