XML 15 R5.htm IDEA: XBRL DOCUMENT v3.23.2
Consolidated Condensed Statements Of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Jun. 24, 2023
Jun. 25, 2022
Cash flows from operating activities:    
Net income $ 15,600 $ 39,707
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Depreciation and amortization 11,941 16,515
Stock-based compensation expense 22,715 18,138
Deferred income taxes (9,411) (5,860)
Loss on retirement or write-off of long-lived assets 6 292
Other non-cash adjustments 1,334 99
Net change in operating assets and liabilities:    
Accounts receivable, net (35,560) 33,992
Inventories (67,506) (35,934)
Other assets 8,101 549
Accounts payable and other accrued liabilities (10,278) (20,327)
Income taxes payable 20,079 24,030
Acquisition-related liabilities 3,166 3,164
Net cash provided by (used in) operating activities (39,813) 74,365
Cash flows from investing activities:    
Maturities and sales of available-for-sale marketable securities 11,048 4,694
Purchases of available-for-sale marketable securities (13,372) (5,186)
Purchases of property, equipment and software (12,310) (6,776)
Investments in technology 0 (448)
Net cash used in investing activities (14,634) (7,716)
Cash flows from financing activities:    
Issuance of common stock, net of shares withheld for taxes 560 120
Repurchase of stock to satisfy employee tax withholding obligations (1,047) (866)
Repurchase and retirement of common stock (38,504) (56,382)
Net cash used in financing activities (38,991) (57,128)
Net increase (decrease) in cash and cash equivalents (93,438) 9,521
Cash and cash equivalents at beginning of period 445,784 369,814
Cash and cash equivalents at end of period $ 352,346 $ 379,335