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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Apr. 02, 2023
Apr. 03, 2022
Cash flows from operating activities:    
Net income $ 25,615 $ 67,333
Adjustments to reconcile net income to net cash provided by operating activities:    
Stock-based compensation expense 16,579 15,056
Depreciation of property, plant, and equipment 3,986 4,117
Amortization of intangible assets 942 840
Excess and obsolete inventory charges 788 379
Amortization of discounts or premiums on investments 700 1,402
Realized loss (gain) on sale of investments 0 36
Change in deferred income taxes (10,656) (3,891)
Accounts receivable (18,455) (24,700)
Unbilled revenue (173) 2,144
Inventories (5,338) (23,900)
Prepaid expenses and other current assets 231 4,212
Accounts payable (192) 708
Accrued expenses (9,942) (28,718)
Accrued income taxes 4,721 16,745
Deferred revenue and customer deposits 17,003 18,712
Other 1,744 (958)
Net cash provided by operating activities 27,553 49,517
Cash flows from investing activities:    
Purchases of investments (46,480) (39,155)
Maturities and sales of investments 46,199 112,976
Purchases of property, plant, and equipment (5,507) (4,585)
Net cash provided by (used in) investing activities (5,788) 69,236
Cash flows from financing activities:    
Net payments from issuance of common stock under stock plans (3,055) 3,594
Repurchase of common stock (24,178) (130,405)
Payment of dividends (12,091) (11,303)
Net cash provided by (used in) financing activities (39,324) (138,114)
Effect of foreign exchange rate changes on cash and cash equivalents 356 (1,031)
Net change in cash and cash equivalents (17,203) (20,392)
Cash and cash equivalents at beginning of period 181,374 186,161
Cash and cash equivalents at end of period $ 164,171 $ 165,769