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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Oct. 01, 2022
Oct. 02, 2021
Oct. 03, 2022
Oct. 01, 2022
Oct. 02, 2021
Cash flows from operating activities:          
Net income $ 46,359 $ 26,739   $ 126,969 $ 67,390
Adjustments to reconcile net income to net cash provided by (used in) operating activities:          
Depreciation and amortization       21,498 17,839
Stock-based compensation expense       41,207 32,624
Amortization of right-of-use assets       4,995 4,926
Impairment of operating lease right-of-use asset       1,149 0
Other non-cash adjustments       791 157
Changes in assets and liabilities:          
Accounts receivable, net       (20,587) (15,025)
Inventories, net       (26,370) (1,506)
Prepaid expenses and other assets       (2,033) (224)
Accounts payable       9,038 8,793
Accrued expenses       2,190 (1,464)
Accrued payroll obligations       3,549 7,337
Operating lease liabilities, current and long-term portions       (5,571) (4,784)
Net cash provided by (used in) operating activities       156,825 116,063
Cash flows from investing activities:          
Capital expenditures       (13,080) (7,118)
Cash paid for software and intellectual property licenses       (8,322) (9,534)
Net cash provided by (used in) investing activities       (21,402) (16,652)
Cash flows from financing activities:          
Restricted stock unit tax withholdings       (50,043) (41,587)
Proceeds from issuance of common stock       4,317 5,240
Repurchase of common stock       (90,137) (55,126)
Proceeds from long-term debt, net of issuance costs       148,601 0
Repayment of long-term debt       (158,750) (8,750)
Net cash provided by (used in) financing activities       (146,012) (100,223)
Effect of exchange rate change on cash       (2,215) (68)
Net increase (decrease) in cash and cash equivalents       (12,804) (880)
Beginning cash and cash equivalents     $ 131,570 131,570 182,332
Ending cash and cash equivalents $ 118,766 $ 181,452   118,766 181,452
Supplemental disclosure of cash flow information and non-cash investing and financing activities:          
Interest paid       2,203 1,755
Operating lease payments     $ 5,500 5,500 5,786
Income taxes paid, net of refunds       4,115 2,842
Accrued purchases of plant and equipment       4,822 351
Operating lease right-of-use assets obtained in exchange for lease obligations       $ 639 $ 7,550