XML 17 R7.htm IDEA: XBRL DOCUMENT v3.21.2
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended 12 Months Ended
Sep. 25, 2021
Sep. 26, 2020
Sep. 25, 2021
Sep. 26, 2020
Dec. 26, 2020
Cash flows from operating activities:          
Net income $ 20,497 $ 22,891 $ 58,027 $ 59,250  
Adjustments to reconcile net income to net cash provided by operating activities:          
Depreciation     19,256 14,491  
Amortization     16,362 20,249  
Reduction in the carrying amount of right-of-use assets     5,412 4,294  
Stock-based compensation expense     21,585 16,774  
Provision for excess and obsolete inventories     11,621 9,763  
Non-cash restructuring charges     1,592 0  
Gain on contingent consideration     (95) (3,771)  
Other adjustments to reconcile net income to net cash provided by operating activities     1,627 (977)  
Changes in assets and liabilities:          
Accounts receivable     1,157 5,712  
Inventories     (30,335) (18,566)  
Prepaid expenses and other current assets     3,631 (5,619)  
Other assets     (333) 219  
Accounts payable     1,488 18,054  
Accrued liabilities     (6,951) 4,754  
Other liabilities     47 272  
Deferred revenues     2,000 3,806  
Operating lease liabilities     (5,654) (4,496)  
Net cash provided by operating activities     100,437 124,209  
Cash flows from investing activities:          
Acquisition of property, plant and equipment     (51,353) (41,887)  
Acquisition of business, net of cash acquired     0 (34,999)  
Proceeds from sale of a subsidiary     0 82  
Purchases of marketable securities     (114,898) (29,721)  
Proceeds from maturities and sales of marketable securities     71,275 50,330  
Net cash used in investing activities     (94,976) (56,195)  
Cash flows from financing activities:          
Proceeds from issuances of common stock     10,647 9,588  
Purchase of common stock through stock repurchase program     (23,951) 0  
Tax withholdings related to net share settlements of equity awards     (12,643) (15,382)  
Payment of contingent consideration     (3,873) 0  
Proceeds from term loan     0 18,000  
Principal repayments on term loans     (7,049) (41,098)  
Payment of term loan debt issuance costs     0 (78)  
Net cash used in financing activities     (36,869) (28,970)  
Effect of exchange rate changes on cash, cash equivalents and restricted cash     (2,216) 1,262  
Net increase (decrease) in cash, cash equivalents and restricted cash     (33,624) 40,306  
Cash, cash equivalents and restricted cash, beginning of period     191,098 147,937 $ 147,937
Cash, cash equivalents and restricted cash, end of period 157,474 188,243 157,474 188,243 191,098
Non-cash investing and financing activities:          
Increase in accounts payable and accrued liabilities related to property, plant and equipment purchases     4,684 3,041  
Increase in accrued liabilities related to tax withholdings related to net share settlements of equity awards     6,952 0  
Operating lease, right-of-use assets obtained in exchange for lease obligations     11,699 1,549  
Supplemental disclosure of cash flow information:          
Cash paid for income taxes, net     6,795 7,475  
Cash paid for interest     496 683  
Operating cash outflows from operating leases     6,420 5,566  
Reconciliation of cash, cash equivalents and restricted cash:          
Cash and cash equivalents 153,781 185,368 153,781 185,368 187,225
Restricted cash, current 2,019 1,477 2,019 1,477  
Restricted cash, non-current 1,674 1,398 1,674 1,398  
Total cash, cash equivalents and restricted cash $ 157,474 $ 188,243 $ 157,474 $ 188,243 $ 191,098