XML 21 R7.htm IDEA: XBRL DOCUMENT v3.8.0.1
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 30, 2017
Dec. 31, 2016
Dec. 26, 2015
Cash flows from operating activities:      
Net Income (loss) $ 40,913 $ (6,557) $ (1,523)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:      
Depreciation 13,626 11,371 10,634
Amortization 30,940 35,427 13,137
Impairment of long-lived assets 0 12,400 8
Amortization (accretion) of discount on investments 38 (31) (10)
Stock-based compensation expense 16,339 11,686 12,075
Amortization of debt issuance costs 619 307 0
Deferred income tax benefit (590) (45,022) (14)
Provision (benefit) for doubtful accounts receivable (99) 15 18
Provision for excess and obsolete inventories 9,259 6,631 6,493
Acquired inventory step-up amortization 569 10,022 0
Loss (gain) on disposal off of long-lived assets 510 361 (1,009)
Non-cash restructuring 114 964 500
Foreign currency transaction gains (1,717) (77) (275)
Gain on derivative instruments (10) (51) 0
Changes in assets and liabilities:      
Accounts receivable (10,651) (6,847) 8,261
Inventories (15,635) (11,733) (8,167)
Prepaid expenses and other current assets 870 (3,292) 173
Refundable income taxes (413) 126 782
Other assets 61 (248) 250
Accounts payable 741 3,433 (2,036)
Accrued liabilities 810 786 (333)
Income taxes payable 62 (1,127) 19
Deferred rent and other liabilities 111 126 52
Deferred revenues (30) (283) (2,413)
Net cash provided by operating activities 86,323 17,423 36,122
Cash flows from investing activities:      
Acquisition of property, plant and equipment (17,756) (11,521) (8,640)
Acquisition of Cascade Microtech, net of cash acquired 0 (228,031) 0
Proceeds from sale of subsidiary 68 47 53
Proceeds from sale of property and property, plant and equipment 0 53 1,200
Purchases of marketable securities (50,733) (10,587) (66,234)
Proceeds from Maturities, Prepayments and Calls of Available-for-sale Securities 8,996 44,500 74,750
Change in restricted cash (248) (779) 0
Net cash provided by (used in) investing activities (59,673) (206,318) 1,129
Cash flows from financing activities:      
Proceeds from issuances of common stock 19,510 5,745 3,418
Purchase and retirement of common stock (18,970) 0 (8,210)
Tax withholdings related to net share settlements of equity awards (6,885) 0 0
Proceeds from term loan debt 0 150,000 0
Payments on term loan debt (33,125) (10,625) 0
Payment of term loan debt issuance costs 0 (1,506) 0
Net cash provided by (used in) financing activities (39,470) 143,614 (4,792)
Effect of exchange rate changes on cash and cash equivalents 2,596 425 (135)
Net increase (decrease) in cash and cash equivalents (10,224) (44,856) 32,324
Cash and cash equivalents, beginning of year 101,408 146,264 113,940
Cash and cash equivalents, end of year 91,184 101,408 146,264
Non-cash investing and financing activities:      
Fair value of stock issued in connection with the acquisition of Cascade Microtech 0 97,080 0
Fair value of stock options and restricted stock-based awards assumed in connection with the acquisition of Cascade Microtech 0 7,776 0
Fair value of vested stock options and restricted stock-based awards paid in cash in connection with the acquisition of Cascade Microtech 0 12,815 0
Change in accounts payable and accrued liabilities related to property, plant and equipment purchases (33) (732) 361
Supplemental disclosure of cash flow information:      
Income taxes paid, net 3,172 2,567 27
Cash paid for interest $ 3,836 $ 2,110 $ 0