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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Apr. 04, 2021
Mar. 29, 2020
Cash flows from operating activities:    
Net income $ 69,848 $ 20,477
Adjustments to reconcile net income to net cash provided by operating activities:    
Stock-based compensation expense 12,009 14,790
Depreciation of property, plant, and equipment 4,259 5,631
Loss (gain) on disposal of property, plant, and equipment 3 2
Amortization of intangible assets 927 1,388
Excess and obsolete inventory charges 705 1,065
Amortization of discounts or premiums on investments 586 106
Realized gain on sale of investments 0 (1,850)
Credit loss on investments 0 160
Change in deferred income taxes 1,250 (1,826)
Accounts receivable (3,495) 2,182
Unbilled revenue 3,958 (703)
Inventories (1,323) 3,889
Prepaid expenses and other current assets (10,882) (9,788)
Accounts payable 4,760 (1,613)
Accrued expenses (15,973) 12,720
Accrued income taxes 1,651 7,650
Deferred revenue and customer deposits 30,641 11,961
Other (285) (4,206)
Net cash provided by operating activities 98,639 62,035
Cash flows from investing activities:    
Purchases of investments (298,911) (199,530)
Maturities and sales of investments 160,552 262,126
Purchases of property, plant, and equipment (2,436) (3,074)
Net cash provided by (used in) investing activities (140,795) 59,522
Cash flows from financing activities:    
Net proceeds from issuance of common stock under stock plans 34,744 9,971
Repurchase of common stock (6,479) (51,036)
Payment of dividends (10,595) (9,503)
Net cash provided by (used in) financing activities 17,670 (50,568)
Effect of foreign exchange rate changes on cash and cash equivalents (1,899) (3,223)
Net change in cash and cash equivalents (26,385) 67,766
Cash and cash equivalents at beginning of period 269,073 171,431
Cash and cash equivalents at end of period $ 242,688 $ 239,197