XML 17 R7.htm IDEA: XBRL DOCUMENT v3.24.1.u1
Unaudited Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2024
Apr. 02, 2023
Cash flows from operating activities:    
Net loss $ (18,650) $ (9,712)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Depreciation and amortization 1,488 2,011
Stock-based compensation 4,544 4,665 [1]
(Gain) Loss on investments, net (883) (663)
Deferred income taxes 84 (4,629)
Provision for excess and obsolete inventory 1,132 1,174
Changes in assets and liabilities:    
Accounts receivable, net 12,288 84,945
Inventories 36,449 (38,747)
Prepaid expenses and other assets 367 (1,778)
Accounts payable (8,516) (5,922)
Accrued employee compensation 907 (2,425)
Other accrued liabilities (12,605) (23,665)
Deferred revenue 1,719 1,609
Income taxes payable (1,134) 2,259
Net cash provided by operating activities 17,190 9,122
Cash flows from investing activities:    
Purchases of short-term investments (38,829) (38,733)
Proceeds from maturities of short-term investments 30,000 25,006
Purchases of property and equipment (2,510) (870)
Net cash used in investing activities (11,339) (14,597)
Cash flows from financing activities:    
Repurchases of common stock (11,444) 0
Restricted stock unit withholdings (454) (120)
Proceeds from issuance of common stock under employee stock purchase plan 1,986 2,286
Net cash provided by (used in) financing activities (9,912) 2,166
Net decrease in cash and cash equivalents (4,061) (3,309)
Cash and cash equivalents, at beginning of period 176,717 146,500
Cash and cash equivalents, at end of period $ 172,656 $ 143,191
[1]

* Financial information for each reportable segment were recast to conform to the current reportable segment structure.