XML 18 R7.htm IDEA: XBRL DOCUMENT v3.20.2
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 27, 2020
Sep. 29, 2019
Cash flows from operating activities:    
Net income $ 106,841 $ 123,538
Adjustments to reconcile net income to net cash provided by operating activities:    
Stock-based compensation expense 32,076 33,442
Depreciation of property, plant, and equipment 16,467 15,800
Amortization of intangible assets 3,437 2,119
Intangible asset impairment charges 19,571 0
Excess and obsolete inventory charges 9,386 4,121
Operating lease asset impairment charges 2,534 0
Amortization of discounts or premiums on investments 765 (563)
Realized gain on sale of investments (3,591) (716)
Credit loss on investments 75 0
Revaluation of contingent consideration (114) (1,401)
Change in deferred income taxes 3,194 (1,805)
Accounts receivable (23,878) 11,387
Unbilled revenue (10,606) (2,900)
Inventories (3,065) 13,898
Prepaid expenses and other current assets (10,718) 5,827
Accounts payable 3,587 (3,398)
Accrued expenses 17,028 (11,827)
Accrued income taxes (23,627) (1,043)
Deferred revenue and customer deposits 19,066 698
Other 1,022 (1,616)
Net cash provided by operating activities 159,450 185,561
Cash flows from investing activities:    
Purchases of investments (601,447) (883,363)
Maturities and sales of investments 567,245 781,929
Purchases of property, plant, and equipment (9,829) (13,518)
Net cash provided by (used in) investing activities (44,031) (114,952)
Cash flows from financing activities:    
Issuance of common stock under stock plans 91,390 31,780
Repurchase of common stock (51,036) (61,690)
Payment of dividends (28,554) (25,682)
Payment of contingent consideration (1,039) 0
Net cash provided by (used in) financing activities 10,761 (55,592)
Effect of foreign exchange rate changes on cash and cash equivalents 745 (1,528)
Net change in cash and cash equivalents 126,925 13,489
Cash and cash equivalents at beginning of period 171,431 108,212
Cash and cash equivalents at end of period $ 298,356 $ 121,701