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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Apr. 02, 2022
Apr. 03, 2021
Operating Activities    
Net income $ 22,907 $ 13,509
Adjustments to reconcile net income to cash provided by (used in) operating activities of continuing operations:    
Income from discontinued operations, net of income taxes   (38,665)
Depreciation of property and equipment 5,156 4,108
Amortization of other intangible assets 10,351 11,451
Amortization of debt discount and debt issuance costs 496 6,456
Loss on extinguishment of convertible debt   3,370
Stock-based compensation expense 12,875 11,368
Equity-method earnings (1,194) (1,726)
Deferred income taxes (4,202) (3,197)
Changes in operating assets and liabilities:    
Accounts receivable 19,080 (8,530)
Inventories (6,215) (4,908)
Prepaid expenses and other assets 1,704 (12,735)
Accounts payable 8,932 14,116
Other current liabilities and income taxes 8,345 (13,432)
Deferred revenue and returns liability 7,791 463
Other non-current liabilities (817) (1,972)
Net cash provided by (used in) operating activities of continuing operations 85,209 (20,324)
Investing Activities    
Purchases of marketable securities (435,690) (8,251)
Sales of marketable securities 9,106 121,557
Maturities of marketable securities 213,750 39,835
Purchases of property and equipment (4,554) (5,705)
Purchases of other assets   (578)
Net cash provided by (used in) investing activities of continuing operations (217,388) 146,858
Financing Activities    
Payments on debt   (140,572)
Repurchases of common stock (157,778)  
Payment of taxes withheld for vested stock awards (8,755) (17,817)
Net cash used in financing activities of continuing operations (166,533) (158,389)
Discontinued Operations    
Operating activities (10,000) 34,827
Investing activities 0 (468)
Net cash provided by (used in) discontinued operations (10,000) 34,359
Increase (decrease) in cash and cash equivalents (308,712) 2,504
Cash and cash equivalents at beginning of period 1,074,623 202,720
Cash and cash equivalents at end of period $ 765,911 $ 205,224