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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Jan. 01, 2022
Dec. 26, 2020
Dec. 31, 2019
Cash flows from operating activities:      
Net income $ 142,350 $ 31,025 $ 1,910
Adjustments to reconcile net income to net cash and cash equivalents provided by operating activities:      
Depreciation 14,435 13,832 5,965
Amortization of intangibles 51,366 53,746 10,445
Share-based compensation 19,542 17,662 10,585
Acquired inventory step-up amortization 393 10,678 15,370
Provision for inventory valuation 8,175 14,703 10,841
Deferred income taxes (12,618) (11,631) (4,116)
Other, net 2,267 4,711 2,459
Change in operating assets and liabilities net of assets acquired and liabilities assumed in merger and acquisition:      
Accounts receivable (27,829) (25,816) (9,721)
Income taxes 1,307 (1,196) 7,648
Inventories (57,175) (42,409) (9,338)
Prepaid expenses and other assets (768) 11,409 (5,079)
Accounts payable 12,142 11,403 (12,138)
Accrued and other liabilities 21,694 17,867 (6,685)
Net cash and cash equivalents provided by operating activities 175,281 105,984 18,146
Cash flows from investing activities:      
Purchases of marketable securities (361,022) (313,027) (127,462)
Proceeds from maturities and sales of marketable securities 255,063 265,409 94,486
Purchases of property, plant and equipment (12,039) (3,829) (6,802)
Purchase of business, net of cash acquired (23,795)    
Cash acquired from merger     43,882
Cash received from convertible note receivable   2,848  
Net cash and cash equivalents provided by (used in) investing activities (141,793) (48,599) 4,104
Cash flows from financing activities:      
Purchases of common stock   (52,000) (744)
Tax payments related to shares withheld for share-based compensation plans (7,403) (4,052) (2,540)
Payment of contingent consideration for acquired business   (569) (1,758)
Issuance of shares through share-based compensation plans 10,073 2,919 844
Net cash and cash equivalents provided by (used in) financing activities 2,670 (53,702) (4,198)
Effect of exchange rate changes on cash and cash equivalents (3,276) 2,364 233
Net increase in cash and cash equivalents 32,882 6,047 18,285
Cash and cash equivalents at beginning of year 136,720 130,673 112,388
Cash and cash equivalents at end of year 169,602 136,720 130,673
Supplemental disclosure of cash flow information:      
Income taxes paid (received), net $ 23,766 $ 6,415 $ (3,848)