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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Apr. 04, 2021
Mar. 29, 2020
Cash flows from operating activities:    
Net income $ 205,512 $ 176,191
Adjustments to reconcile net income from operations to net cash provided by operating activities:    
Depreciation 23,910 18,489
Stock-based compensation 12,232 10,460
Amortization 9,822 13,391
Loss on convertible debt conversion 4,069  
Provision for excess and obsolete inventory 2,285 4,057
Contingent consideration adjustment (7,227) (10,020)
(Gains) losses on investments (2,491) 4,657
Deferred taxes (1,057) (1,825)
Other 200 503
Changes in operating assets and liabilities, net of businesses acquired:    
Accounts receivable (87,512) (126,779)
Inventories (35,870) 15,818
Prepayments and other assets (86,131) (39,620)
Accounts payable and other liabilities (10,571) (35,323)
Deferred revenue and customer advances 7,952 (913)
Retirement plans contributions (1,925) (1,262)
Income taxes 4,941 15,278
Net cash provided by operating activities 38,139 43,102
Cash flows from investing activities:    
Purchases of property, plant and equipment (39,250) (36,700)
Purchases of marketable securities (211,604) (187,119)
Proceeds from maturities of marketable securities 194,228 98,457
Proceeds from sales of marketable securities 61,293 15,005
Acquisition of businesses, net of cash acquired   149
Net cash provided by (used for) investing activities 4,667 (110,208)
Cash flows from financing activities:    
Issuance of common stock under stock purchase and stock option plans 17,144 12,752
Payments of convertible debt principal (51,275)  
Repurchase of common stock (45,188) (79,039)
Dividend payments (16,667) (16,686)
Payments related to net settlement of employee stock compensation awards (30,675) (22,070)
Payments of contingent consideration   (8,852)
Net cash used for financing activities (126,661) (113,895)
Effects of exchange rate changes on cash and cash equivalents 883 571
Decrease in cash and cash equivalents (82,972) (180,430)
Cash and cash equivalents at beginning of period 914,121 773,924
Cash and cash equivalents at end of period 831,149 593,494
Non-cash investing activities:    
Capital expenditures incurred but not yet paid $ 3,840 $ 5,357