XML 17 R7.htm IDEA: XBRL DOCUMENT v3.25.1
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Apr. 05, 2025
Mar. 30, 2024
Operating Activities    
Net loss $ (30,470) $ (56,526)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:    
Depreciation of property and equipment 6,248 6,634
Amortization of other intangible assets 5,437 6,079
Stock-based compensation expense 19,714 13,612
Deferred income taxes (1,514) (5,270)
Changes in operating assets and liabilities:    
Accounts receivable 2,412 (3,321)
Inventories 22,098 (3,958)
Prepaid expenses and other assets 2,973 (15,466)
Accounts payable 9,234 (13,829)
Other current liabilities and income taxes 11,870 1,554
Deferred revenue and returns liability 3,405 1,804
Other non-current liabilities (3,279) (3,113)
Net cash provided by (used in) operating activities 48,128 (71,800)
Investing Activities    
Purchases of marketable securities (19,728) (9,794)
Sales of marketable securities 10,005 25,763
Maturities of marketable securities 10,675 55,188
Purchases of property and equipment (4,852) (2,047)
Proceeds from sale of equity investment 0 12,382
Net cash provided by (used in) investing activities (3,900) 81,492
Financing Activities    
Payments on debt 0 (45,000)
Payment of taxes withheld for vested stock awards (958) (1,048)
Proceeds from the issuance of common stock 0 341
Net cash used in financing activities (958) (45,707)
Increase (decrease) in cash and cash equivalents 43,270 (36,015)
Cash and cash equivalents at beginning of period 281,607 227,504
Cash and cash equivalents at end of period $ 324,877 $ 191,489