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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 28, 2020
Jun. 30, 2019
Cash flows from operating activities:    
Net income $ 19,335 $ 81,853
Adjustments to reconcile net income to net cash provided by operating activities:    
Stock-based compensation expense 22,808 23,248
Depreciation of property, plant, and equipment 11,162 10,537
Amortization of intangible assets 2,582 1,538
Intangible asset impairment charges 19,571 0
Excess and obsolete inventory charges 8,783 1,713
Operating lease asset impairment charges 2,534 0
Amortization of discounts or premiums on investments 328 (342)
Realized gain on sale of investments (2,805) (422)
Credit loss on investments 75 0
Revaluation of contingent consideration (114) (863)
Change in deferred income taxes 1,395 (1,311)
Accounts receivable (8,957) 11,383
Unbilled revenue 3,804 (1,989)
Inventories (1,664) 8,681
Prepaid expenses and other current assets (25,461) (463)
Accounts payable 143 (4,528)
Accrued expenses 15,806 (12,270)
Accrued income taxes (25,411) (4,000)
Deferred revenue and customer deposits 32,586 8,575
Other 2,520 (1,190)
Net cash provided by operating activities 79,020 120,150
Cash flows from investing activities:    
Purchases of investments (317,540) (664,896)
Maturities and sales of investments 387,765 587,175
Purchases of property, plant, and equipment (6,985) (8,969)
Net cash provided by (used in) investing activities 63,240 (86,690)
Cash flows from financing activities:    
Issuance of common stock under stock plans 48,235 26,417
Repurchase of common stock (51,036) (61,690)
Payment of dividends (18,972) (17,146)
Payment of contingent consideration (1,039) 0
Net cash provided by (used in) financing activities (22,812) (52,419)
Effect of foreign exchange rate changes on cash and cash equivalents (4,858) (149)
Net change in cash and cash equivalents 114,590 (19,108)
Cash and cash equivalents at beginning of period 171,431 108,212
Cash and cash equivalents at end of period $ 286,021 $ 89,104