XML 18 R6.htm IDEA: XBRL DOCUMENT v3.21.1
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Apr. 03, 2021
Mar. 28, 2020
Cash flows from operating activities:    
Net income $ 187,169 $ 123,988
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 36,218 33,321
Amortization of debt discount and fees 264 254
Stock-based compensation 52,596 46,482
(Gain) loss on investments, net (1,433) 3,215
Deferred income taxes 2,710 3,904
Provisions for losses (recoveries) on receivables 77 (77)
ROU asset amortization and change in operating lease liabilities (2,136) 706
Other non-cash items 302 183
Changes in operating assets and liabilities, net of effect of acquired businesses:    
Receivables (45,927) 26,475
Inventories (669) (5,260)
Prepaid expenses and other (3,014) (4,964)
Other assets 6,260 (8,344)
Accounts payable and accrued liabilities (80,769) (84,839)
Deferred revenue 59,166 86,914
Other long-term liabilities (2,372) (4,239)
Net cash provided by operating activities 208,442 217,719
Cash flows from investing activities:    
Purchases of property, plant and equipment (16,968) (22,179)
Cash paid in business combinations, net of cash acquired (189,262) (193,820)
Net cash used for investing activities (206,230) (215,999)
Cash flows from financing activities:    
Proceeds from revolving credit facility 0 350,000
Proceeds from issuance of common stock 46,384 33,312
Stock received for payment of employee taxes on vesting of restricted stock (56,385) (37,528)
Payments for repurchases of common stock (172,267) (100,022)
Net cash provided by (used for) financing activities (182,268) 245,762
Effect of exchange rate changes on cash and cash equivalents (5,395) (6,407)
Increase (decrease) in cash and cash equivalents (185,451) 241,075
Cash and Cash Equivalents, at Carrying Value 742,981 946,285
Supplemental cash flow information:    
Cash paid for interest 131 134
Cash paid for taxes, net $ 10,127 $ 9,269