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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 30, 2023
Dec. 31, 2022
Jan. 01, 2022
Cash flows from operating activities:      
Net income $ 121,159 $ 223,334 $ 142,350
Adjustments to reconcile net income to net cash and cash equivalents provided by operating activities:      
Depreciation 12,390 9,378 14,435
Amortization of intangibles 54,822 55,284 51,366
Share-based compensation 25,513 24,426 19,542
Research and Development Asset Acquired Other than Through Business Combination, Writeoff 0 5,652 0
Acquired inventory step-up amortization 0 0 393
Provision for inventory valuation 10,015 9,313 8,175
Deferred income taxes (22,429) (33,601) (12,618)
Other, net 2,991 (563) 2,267
Change in operating assets and liabilities net of assets acquired and liabilities assumed in merger and acquisition:      
Accounts receivable 12,151 (65,140) (27,829)
Income taxes 1,798 (5,006) 1,307
Inventories (16,462) (93,905) (57,175)
Prepaid expenses and other assets (14,013) (4,954) (768)
Accounts payable (4,681) 1,181 12,142
Accrued and other liabilities 11,281 11,304 21,694
Net cash and cash equivalents provided by operating activities 171,973 136,703 175,281
Cash flows from investing activities:      
Purchases of marketable securities (480,458) (371,287) (361,022)
Proceeds from maturities and sales of marketable securities 396,844 338,645 255,063
Purchases of property, plant and equipment (22,573) (18,405) (12,039)
Proceeds from sale of property, plant and equipment 2,800 0 0
Purchase of business, net of cash acquired 0 (4,644) (23,795)
Net cash and cash equivalents provided by (used in) investing activities (103,387) (55,691) (141,793)
Cash flows from financing activities:      
Purchases of common stock (3,197) (65,257) 0
Tax payments related to shares withheld for share-based compensation plans (10,762) (8,874) (7,403)
Payment of contingent consideration for acquired business (801) (2,287) 0
Issuance of shares through share-based compensation plans 5,285 8,068 10,073
Net cash and cash equivalents provided by (used in) financing activities (9,475) (68,350) 2,670
Effect of exchange rate changes on cash and cash equivalents (1,476) (6,391) (3,276)
Net increase in cash and cash equivalents 57,635 6,270 32,882
Cash and cash equivalents at beginning of year 175,872 169,602 136,720
Cash and cash equivalents at end of year 233,508 175,872 169,602
Supplemental disclosure of cash flow information:      
Income taxes paid (received), net $ 34,104 $ 58,687 $ 23,766