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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 29, 2024
Jul. 01, 2023
Cash flows from operating activities:    
Net income $ 37,427 $ 106,567
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Depreciation and amortization 18,385 16,578
Stock-based compensation expense 21,713 35,744
Change in deferred income tax provision (969) (882)
Amortization of right-of-use assets 3,812 3,317
Impairment of operating lease right-of-use asset 384 0
Other non-cash adjustments 133 110
Changes in assets and liabilities:    
Accounts receivable, net 931 (2,569)
Inventories, net (2,730) (1,115)
Prepaid expenses and other assets (6,717) (3,657)
Accounts payable 470 (772)
Accrued liabilities (3,523) (15,078)
Accrued payroll obligations (13,626) (19,045)
Operating lease liabilities, current and long-term portions (4,248) (3,740)
Net cash provided by (used in) operating activities 51,442 115,458
Cash flows from investing activities:    
Capital expenditures (10,581) (11,943)
Cash paid for software and intellectual property licenses (7,607) (5,799)
Net cash provided by (used in) investing activities (18,188) (17,742)
Cash flows from financing activities:    
Restricted stock unit tax withholdings (26,980) (39,189)
Proceeds from issuance of common stock 5,246 4,750
Repurchase of common stock (29,999) (20,006)
Repayment of long-term debt 0 (85,000)
Net cash provided by (used in) financing activities (51,733) (139,445)
Effect of exchange rate change on cash (622) (220)
Net increase (decrease) in cash and cash equivalents (19,101) (41,949)
Beginning cash and cash equivalents 128,317 145,722
Ending cash and cash equivalents 109,216 103,773
Supplemental disclosure of cash flow information and non-cash investing and financing activities:    
Interest paid 0 2,962
Income taxes paid, net of refunds 3,886 6,837
Operating lease payments 4,564 4,082
Accrued purchases of plant and equipment 160 571
Operating lease right-of-use assets obtained in exchange for lease obligations $ 7,162 $ 393