XML 17 R7.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 28, 2019
Dec. 29, 2018
Dec. 30, 2017
Operating activities:      
Net income $ 119,447 $ 223,568 $ 163,317
Adjustments to reconcile net income to cash provided by operating activities:      
Depreciation and amortization 45,017 44,061 50,880
Amortization of deferred financing costs and debt discount 9,318 8,539 6,112
Goodwill impairment 0 0 13,323
Impairment of intangible and long-lived assets 307 27 682
Write-off of net assets due to cessation of Spain operations 0 0 70
Share-based compensation expense 20,471 20,188 14,949
Deferred tax benefit (9,424) (13,673) (48,216)
Allowance for doubtful accounts (123) 130 (587)
Reserve for inventory obsolescence 8,710 7,906 7,823
Foreign currency exchange rate loss 1,235 2,036 202
Early extinguishment of debt, net 0 0 8,969
Changes in cash due to:      
Receivables 1,331 (7,999) 5,444
Inventories (9,127) (1,148) (4,504)
Prepaid expenses 13,619 (3,991) (4,359)
Accounts payable 1,347 2,224 (14,507)
Accrued liabilities (6,968) 16,600 4,414
Deferred revenue 6,199 (17,198) 8,298
Other long term assets and liabilities, net (878) (13,001) 5,683
Income taxes (18,098) 27,323 4,281
Cash provided by operating activities 182,383 295,592 222,274
Investing activities:      
Capital expenditures (17,159) (19,050) (13,732)
Capitalized software expenditures (30,824) (27,763) (26,916)
Cash paid for acquisitions (4,060) (7,100) 0
Other items, net (580) (10,045) (143)
Cash used for investing activities (52,623) (63,958) (40,791)
Financing activities:      
Net (payments) borrowings on revolver 0 (25,000) 25,000
Proceeds from new long term debt 0 0 1,840,000
Financing costs and debt discount 0 0 (53,636)
Payments on long-term debt (177,000) (57,750) (2,018,773)
Taxes paid related to net share settlement of equity awards (6,582) (25,020) (9,548)
Proceeds from stock options exercised 1,076 33,417 5,475
Other items, net (487) 0 0
Cash used for financing activities (182,993) (74,353) (211,482)
Effect of exchange rate changes on cash and cash equivalents (1,005) (3,361) 4,397
Net (decrease) increase in cash and cash equivalents (54,238) 153,920 (25,602)
Cash and cash equivalents, beginning of period 236,974 83,054 108,656
Cash and cash equivalents, end of period $ 182,736 $ 236,974 $ 83,054