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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jul. 05, 2015
Jun. 29, 2014
Cash flows from operating activities:    
Net income $ 64,216 $ 44,454
Adjustments to reconcile net income to net cash provided by operating activities:    
Stock-based compensation expense 11,577 7,960
Depreciation of property, plant, and equipment 4,816 4,051
Amortization of intangible assets 2,183 1,830
Amortization of discounts or premiums on investments 377 1,284
Realized gain on sale of investments (221) (606)
Tax effect of stock option exercises (9,358) (3,481)
Change in deferred income taxes (2,010) (1,507)
Accounts receivable (5,387) (16,952)
Unbilled revenue (52,697) (587)
Inventories (11,200) (5,150)
Deferred costs 344 (16,189)
Deferred revenue 8,485 10,516
Accrued income taxes 8,719 2,777
Accrued expenses (3,887) (1,537)
Other (7,312) 4,845
Net cash provided by operating activities 8,645 31,708
Cash flows from investing activities:    
Purchases of investments (222,834) (189,746)
Maturities and sales of investments 252,768 177,280
Cash paid for purchased technology (10,475) 0
Purchases of property, plant, and equipment (9,525) (5,341)
Net cash provided by (used in) investing activities 9,934 (17,807)
Cash flows from financing activities:    
Issuance of common stock under stock option plans 21,457 9,026
Repurchase of common stock (35,848) (27,004)
Payment of dividends (6,110) 0
Tax effect of stock option exercises 9,358 3,481
Net cash used in financing activities (11,143) (14,497)
Effect of foreign exchange rate changes on cash and cash equivalents (1,439) 124
Net change in cash and cash equivalents 5,997 (472)
Cash and cash equivalents at beginning of period 55,694 40,644
Cash and cash equivalents at end of period 61,691 40,172
Noncash items related to discontinued operations:    
Depreciation and Amortization, Discontinued Operations 566 576
Capital expenditures 482 261
Stock-based compensation expense $ 427 $ 555