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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Apr. 02, 2021
Mar. 27, 2020
Cash flows from operating activities:    
Net income $ 44,119 $ 58,488
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization expense 46,241 36,579
Stock-based compensation expense 21,865 19,004
(Benefit) provision for deferred income taxes (6,357) 1,174
Gain on investment 0 (3,810)
Other non-cash items 3,094 2,402
Changes in operating assets and liabilities, net of effects of businesses acquired:    
Accounts receivable, unbilled receivable, and cost in excess of billings (28,351) (34,254)
Inventory (37,499) (13,525)
Prepaid income taxes 2,480 (1,046)
Prepaid expenses and other current assets 3,939 508
Other non-current assets 3,424 (165)
Accounts payable, accrued expenses, and accrued compensation 9,072 15,483
Deferred revenues and customer advances 10,509 2,446
Other non-current liabilities (2,483) 3,174
Net cash provided by operating activities 70,053 86,458
Cash flows from investing activities:    
Acquisition of business, net of cash acquired (305,263) (96,502)
Purchases of property and equipment (34,708) (31,788)
Proceeds from sale of investment 1,538 4,310
Net cash used in investing activities (338,433) (123,980)
Cash flows from financing activities:    
Proceeds from employee stock plans 3,199 2,396
Proceeds from issuance of debt 160,000 200,000
Purchase and retirement of common stock (66) (15,683)
Net cash provided by financing activities 163,133 186,713
Effect of exchange rate changes on cash and cash equivalents 352 23
Net (decrease) increase in cash and cash equivalents (104,895) 149,214
Cash and cash equivalents at beginning of period 226,838 257,932
Cash and cash equivalents at end of period 121,943 407,146
Cash paid during the period for:    
Interest 548 0
Income taxes 8,454 10,457
Noncash or Part Noncash Acquisition, Investments Acquired $ 892 $ 0