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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jul. 04, 2020
Jun. 29, 2019
Operating Activities    
Net income (loss) $ 421 $ (10,631)
Adjustments to reconcile net income (loss) to cash provided by operating activities:    
Depreciation of property and equipment 8,428 8,447
Amortization of other intangible assets and other assets 21,568 20,476
Amortization of debt discount and debt issuance costs 8,359 6,659
Loss on extinguishment of convertible debt 3,685  
Stock-based compensation expense 29,770 26,253
Deferred income taxes 1,177 24,043
Changes in operating assets and liabilities:    
Accounts receivable 7,070 893
Inventories 6,767 1,118
Prepaid expenses and other assets 21,821 11,326
Accounts payable (769) 5,321
Other current liabilities and income taxes (15,442) (18,101)
Deferred revenue and returns liability 6,678 (1,228)
Other non-current liabilities 970 (3,222)
Net cash provided by operating activities 100,503 71,354
Investing Activities    
Purchases of available-for-sale investments (199,347) (184,170)
Sales and maturities of available-for-sale investments 255,112 151,428
Purchases of property and equipment (10,394) (9,402)
Purchases of other assets (820) (2,588)
Acquisitions of businesses, net of cash acquired (316,809)  
Net cash used in investing activities (272,258) (44,732)
Financing Activities    
Proceeds from issuance of debt 845,000  
Payments on debt (597,446)  
Repurchases of common stock (16,287) (26,716)
Payment of taxes withheld for vested stock awards (16,756) (14,509)
Proceeds from the issuance of common stock 7,757 7,109
Net cash provided by (used in) financing activities 222,268 (34,116)
Increase (decrease) in cash and cash equivalents 50,513 (7,494)
Cash and cash equivalents at beginning of period 227,146 197,043
Cash and cash equivalents at end of period $ 277,659 $ 189,549