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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Apr. 01, 2023
Apr. 02, 2022
Operating Activities    
Net income $ 13,967 $ 22,907
Adjustments to reconcile net income to cash provided by (used in) operating activities of continuing operations:    
Depreciation of property and equipment 6,235 5,156
Amortization of other intangible assets 6,510 10,351
Amortization of debt issuance costs 523 496
Stock-based compensation expense 16,638 12,875
Equity-method earnings (loss) 1,033 (1,194)
Deferred income taxes (2,670) (4,202)
Changes in operating assets and liabilities:    
Accounts receivable (16,257) 19,080
Inventories (32,794) (6,215)
Prepaid expenses and other assets 11,530 1,704
Accounts payable (12,966) 8,932
Other current liabilities and income taxes (8,529) 8,345
Deferred revenue and returns liability 4,478 7,791
Other non-current liabilities (978) (817)
Net cash provided by (used in) operating activities of continuing operations (13,280) 85,209
Investing Activities    
Purchases of marketable securities (66,113) (435,690)
Sales of marketable securities 170,317 9,106
Maturities of marketable securities 157,734 213,750
Purchases of property and equipment (7,657) (4,554)
Net cash provided by (used in) investing activities of continuing operations 254,281 (217,388)
Financing Activities    
Repurchases of common stock (17,608) (157,778)
Payment of taxes withheld for vested stock awards (6,931) (8,755)
Net cash used in financing activities of continuing operations (24,539) (166,533)
Discontinued Operations    
Operating activities 0 (10,000)
Net cash used in discontinued operations 0 (10,000)
Increase (decrease) in cash and cash equivalents 216,462 (308,712)
Cash and cash equivalents at beginning of period 499,915 1,074,623
Cash and cash equivalents at end of period $ 716,377 $ 765,911