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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Apr. 03, 2021
Apr. 04, 2020
Operating Activities    
Net income $ 13,509 $ 2,244
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation of property and equipment 4,529 4,183
Amortization of other intangible assets and other assets 11,705 9,827
Amortization of debt discount and debt issuance costs 6,456 3,736
Loss on extinguishment of convertible debt 3,370  
Stock-based compensation expense 13,826 15,313
Deferred income taxes (3,197) (2,364)
Changes in operating assets and liabilities:    
Accounts receivable (8,530) 1,542
Inventories (12,626) 4,777
Prepaid expenses and other assets (13,621) 23,576
Accounts payable 14,116 2,748
Other current liabilities and income taxes (13,429) (9,134)
Deferred revenue and returns liability 464 4,114
Other non-current liabilities (2,066) (862)
Net cash provided by operating activities 14,506 59,700
Investing Activities    
Purchases of marketable securities (8,251) (70,910)
Sales and maturities of marketable securities 161,392 126,920
Purchases of property and equipment (6,176) (4,135)
Purchases of other assets (578) (370)
Net cash provided by investing activities 146,387 51,505
Financing Activities    
Proceeds from revolving line of credit   310,000
Payments on debt (140,572)  
Repurchases of common stock   (16,287)
Payment of taxes withheld for vested stock awards (17,817) (16,294)
Net cash provided by (used in) financing activities (158,389) 277,419
Increase in cash and cash equivalents 2,504 388,624
Cash and cash equivalents at beginning of period 202,720 227,146
Cash and cash equivalents at end of period $ 205,224 $ 615,770