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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 30, 2023
Dec. 31, 2022
Dec. 25, 2021
Cash flows from operating activities:      
Net income $ 82,387 $ 50,738 $ 83,924
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation 30,603 28,646 25,772
Amortization 6,850 9,391 18,747
Amortization (accretion) of discount on investments (2,828) 182 403
Reduction in the carrying amount of right-of-use assets 7,389 8,153 7,172
Stock-based compensation expense 38,616 31,337 29,384
Deferred income tax provision (benefit) (12,100) (6,343) 3,869
Gain on sale of business (72,953) 0 0
Provision for excess and obsolete inventories 15,003 24,632 15,544
Acquired inventory step-up amortization 501 476 723
Loss on disposal of long-lived assets 0 296 449
Non-cash restructuring charges 0 200 1,646
Gain on contingent consideration 0 0 (95)
Foreign currency transaction losses 2,282 2,251 1,582
Other than temporary impairment on debt receivable 1,083 0 0
Changes in assets and liabilities:      
Accounts receivable (23,304) 26,028 (9,086)
Inventories (9,488) (28,780) (31,655)
Prepaid expenses and other current assets (3,057) (4,591) 3,808
Other assets (146) 66 (326)
Accounts payable 1,319 3,899 (6,589)
Accrued liabilities (2,424) (8,002) (725)
Other liabilities 4,660 (63) 285
Deferred revenues (10,176) 1,286 1,974
Deferred grant 18,000 0 0
Operating lease liabilities (7,615) (8,016) (7,442)
Net cash provided by operating activities 64,602 131,786 139,364
Cash flows from investing activities:      
Acquisition of property, plant and equipment (56,027) (65,254) (66,496)
Acquisition of business, net of cash acquired 0 (3,350) 0
Proceeds from sale of business 101,785 0 0
Purchase of promissory note receivable 0 (1,000) 0
Purchases of marketable securities (135,462) (101,894) (149,979)
Proceeds from maturities of marketable securities 118,753 95,794 91,734
Net cash provided by (used in) investing activities 29,049 (75,704) (124,741)
Cash flows from financing activities:      
Proceeds from issuances of common stock 8,822 10,499 10,653
Purchase of common stock through stock repurchase program (19,801) (82,328) (24,038)
Tax withholdings related to net share settlements of equity awards (10,687) (15,705) (20,604)
Payments on term loan (1,045) (8,398) (9,337)
Payment of contingent consideration 0 0 3,873
Net cash used in financing activities (22,711) (95,932) (47,199)
Effect of exchange rate changes on cash, cash equivalents and restricted cash (2,649) (2,510) (3,180)
Net increase (decrease) in cash, cash equivalents and restricted cash 68,291 (42,360) (35,756)
Cash, cash equivalents and restricted cash, beginning of year 112,982 155,342 191,098
Cash, cash equivalents and restricted cash, end of year 181,273 112,982 155,342
Supplemental disclosure of non-cash investing and financing activities:      
Operating lease, right-of-use assets obtained in exchange for lease obligations 6,491 4,975 12,254
Increase (decrease) in accounts payable and accrued liabilities related to property, plant and equipment purchases (5,961) 7,469 2,711
Supplemental disclosure of cash flow information:      
Income taxes paid, net 17,385 10,917 7,957
Cash paid for interest, net 422 535 643
Operating cash outflows from operating leases 9,135 8,913 8,520
Reconciliation of cash, cash equivalents and restricted cash:      
Cash and cash equivalents 177,812 109,130 151,010
Restricted cash, current 1,152 1,221 2,233
Restricted cash 2,309 2,631 2,099
Total cash, cash equivalents and restricted cash $ 181,273 $ 112,982 $ 155,342