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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Apr. 03, 2022
Apr. 04, 2021
Cash flows from operating activities:    
Net income $ 67,333 $ 69,848
Adjustments to reconcile net income to net cash provided by operating activities:    
Stock-based compensation expense 15,056 12,009
Depreciation of property, plant, and equipment 4,117 4,259
Loss (gain) on disposal of property, plant, and equipment 0 3
Amortization of intangible assets 840 927
Excess and obsolete inventory charges 379 705
Amortization of discounts or premiums on investments 1,402 586
Realized loss (gain) on sale of investments 36 0
Change in deferred income taxes (3,891) 1,250
Accounts receivable (24,700) (3,495)
Unbilled revenue 2,144 3,958
Inventories (23,900) (1,323)
Prepaid expenses and other current assets 4,212 (10,882)
Accounts payable 708 4,760
Accrued expenses (28,718) (15,973)
Accrued income taxes 16,745 1,651
Deferred revenue and customer deposits 18,712 30,641
Other (958) (285)
Net cash provided by operating activities 49,517 98,639
Cash flows from investing activities:    
Purchases of investments (39,155) (298,911)
Maturities and sales of investments 112,976 160,552
Purchases of property, plant, and equipment (4,585) (2,436)
Net cash provided by (used in) investing activities 69,236 (140,795)
Cash flows from financing activities:    
Net proceeds from issuance of common stock under stock plans 3,594 34,744
Repurchase of common stock (130,405) (6,479)
Payment of dividends (11,303) (10,595)
Net cash provided by (used in) financing activities (138,114) 17,670
Effect of foreign exchange rate changes on cash and cash equivalents (1,031) (1,899)
Net change in cash and cash equivalents (20,392) (26,385)
Cash and cash equivalents at beginning of period 186,161 269,073
Cash and cash equivalents at end of period $ 165,769 $ 242,688