XML 60 R6.htm IDEA: XBRL DOCUMENT v2.4.0.6
Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
12 Months Ended
Dec. 29, 2012
Dec. 31, 2011
Jan. 01, 2011
Cash flows from operating activities:      
Net income $ 4,465 $ 28,685 $ 55,948
Reconciliation of net income to net cash provided by operating activities:      
Depreciation and amortization 8,137 4,983 4,395
Asset impairment 0 0 463
Stock-based compensation 5,890 4,473 2,950
Excess tax benefit from equity awards (910) (3,915) (801)
Loss on disposal of fixed assets 303 113 (140)
Inventory write down 3,519 3,421 2,920
Deferred income taxes 2,752 3,770 (17,233)
Other, net 0 0 (523)
Changes in fair value of contingent payments to Zygo Corporation 129 413 467
Changes in assets and liabilities:      
Accounts receivable 7,733 16,172 (20,996)
Inventories 1,383 (12,169) (14,495)
Inventories-delivered systems (758) 446 244
Prepaid expenses and other 1,114 (4,747) (398)
Accounts payable, accrued and other liabilities (12,567) 4,241 11,533
Deferred revenue 2,472 3,088 1,414
Income taxes payable 346 5,054 1,879
Net cash provided by operating activities 24,008 54,028 27,627
Cash flows from investing activities:      
Escrow payment received related to Nanda acquisition 508 0 0
Purchase of Nanda's net assets, net of cash received 0 (23,912) 0
Sales of marketable securities 3,000 0 0
Maturities of marketable securities 8,336 0 0
Purchases of marketable securities (58,647) 0 0
Purchases of property, plant and equipment (4,990) (2,755) (3,096)
Proceeds from sale of property, plant and equipment 0 0 492
Net cash used in investing activities (51,793) (26,667) (2,604)
Cash flows from financing activities:      
Payments to Zygo Corporation related to acquisition (300) (432) (3,503)
Repayments of debt obligations (2,210) (2,571) (2,999)
Proceeds from sale of shares under employee stock option plans and purchase plan 3,913 7,186 5,784
Stock offering cost 0 0 (28)
Excess tax benefit from equity awards 910 3,915 801
Taxes paid on net issuance of stock awards (618) (126) (299)
Repurchases of common stock (8,504) (4,257) (2,097)
Net cash provided by (used in) financing activities (6,809) 3,715 (2,341)
Effect of exchange rate changes on cash and cash equivalents (190) 163 252
Net increase (decrease) in cash and cash equivalents (34,784) 31,239 22,934
Cash and cash equivalents, beginning of period 97,699 66,460 43,526
Cash and cash equivalents, end of period 62,915 97,699 66,460
Supplemental disclosure of cash flow information:      
Cash paid for interest 522 757 965
Cash paid for income taxes $ 5,113 $ 11,149 $ 1,572