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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 29, 2020
Mar. 31, 2019
Cash flows from operating activities:    
Net income $ 20,477 $ 33,104
Adjustments to reconcile net income to net cash provided by operating activities:    
Stock-based compensation expense 14,790 12,281
Depreciation of property, plant, and equipment 5,631 5,175
Amortization of intangible assets 1,388 769
Amortization of discounts or premiums on investments 106 (1,461)
Realized (gain) loss on sale of investments (1,850) (40)
Reclassification of credit loss on investments 160 0
Revaluation of contingent consideration 0 (985)
Change in deferred income taxes (1,826) (1,140)
Accounts receivable 2,182 12,827
Unbilled revenue (703) (1,890)
Inventories 4,954 4,073
Prepaid expenses and other current assets (9,788) 3,191
Accounts payable (1,613) 4,245
Accrued expenses 12,720 (11,708)
Accrued income taxes 7,650 (3,501)
Deferred revenue and customer deposits 11,961 6,760
Other (1,097) (439)
Net cash provided by operating activities 65,142 61,261
Cash flows from investing activities:    
Purchases of investments (199,530) (258,596)
Maturities and sales of investments 262,126 193,572
Purchases of property, plant, and equipment (3,074) (5,078)
Net cash provided by (used in) investing activities 59,522 (70,102)
Cash flows from financing activities:    
Issuance of common stock under stock plans 9,971 14,346
Repurchase of common stock (51,036) 0
Payment of dividends (9,503) (8,564)
Net cash provided by (used in) financing activities (50,568) 5,782
Effect of foreign exchange rate changes on cash and cash equivalents (6,330) 143
Net change in cash and cash equivalents 67,766 (2,916)
Cash and cash equivalents at beginning of period 171,431 108,212
Cash and cash equivalents at end of period $ 239,197 $ 105,296