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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2018
Jul. 01, 2017
Operating activities:    
Net income $ 109,742 $ 55,742
Adjustments to reconcile net income to cash provided by operating activities:    
Depreciation and amortization 21,774 25,554
Amortization of deferred financing costs and debt discount 4,122 2,861
Impairment of intangible and long-lived assets 0 60
Write-off of net assets due to cessation of Spain operations 0 70
Share-based compensation expense 9,675 4,817
Deferred tax provision 752 10,331
Allowance for doubtful accounts 54 (857)
Reserve for inventory obsolescence 8,338 4,962
Foreign currency exchange rate loss 868 150
Gain on early extinguishment of debt 0 (1,802)
Changes in cash due to:    
Receivables (9,650) 3,490
Inventories 4,999 5,887
Prepaid expenses (3,023) 4,338
Accounts payable (798) (19,727)
Accrued liabilities (1,696) (28,575)
Deferred revenue 13,259 21,847
Other long term assets and liabilities, net (4,309) 144
Income taxes 14,480 8,823
Cash provided by operating activities 168,587 98,115
Investing activities:    
Capital expenditures (7,733) (5,614)
Capitalized software expenditures (13,118) (13,419)
Other items, net (9,669) (86)
Cash used for investing activities (30,520) (19,119)
Financing activities:    
Net (payments) borrowings on revolver (25,000) 0
Payments on long-term debt (38,500) (83,334)
Taxes paid related to net share settlement of equity awards (11,139) (3,648)
Proceeds from stock options exercised 23,262 1,258
Cash used for financing activities (51,377) (85,724)
Effect of exchange rate changes on cash and cash equivalents (1,989) 2,557
Net increase (decrease) in cash and cash equivalents 84,701 (4,171)
Cash and cash equivalents, beginning of period 83,054 108,656
Cash and cash equivalents, end of period $ 167,755 $ 104,485