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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 29, 2024
Mar. 31, 2023
Cash flows from operating activities:    
Net income (loss) $ (8,089) $ 5,093
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Depreciation 3,085 3,030
Stock-based compensation 6,923 7,424
Foreign currency remeasurement (1,108) 1,290
Deferred income taxes, net (3,806) 547
Provision for excess and obsolete inventories 757 2,027
Other adjustments 240 703
Changes in operating assets and liabilities:    
Accounts receivable 35,187 20,530
Inventories (4,571) (10,547)
Other assets (5,041) (2,566)
Accounts payable 5,988 (12,507)
Deferred revenues 5,071 1,721
Other liabilities (7,816) (10,475)
Net cash provided by operating activities 26,820 6,270
Cash flows from investing activities:    
Purchases of property and equipment (1,911) (2,331)
Net cash used in investing activities (1,911) (2,331)
Cash flows from financing activities:    
Payments for debt issuance costs (327) 0
Repurchase of common stock (21,675) 0
Repayment of other debts 0 (152)
Proceeds from common stock issued to employees 3,542 3,085
Taxes paid related to net share settlement of equity awards (5,413) (6,353)
Net cash used in financing activities (23,873) (3,420)
Effect of exchange rate changes on cash and cash equivalents (1,000) 772
Net increase in cash and cash equivalents 36 1,291
Cash and cash equivalents at beginning of period 84,269 89,586
Cash and cash equivalents at end of period 84,305 90,877
Supplemental schedule of non-cash investing activities:    
Capital expenditures incurred but not yet paid $ 396 $ 881