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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Jan. 02, 2021
Dec. 28, 2019
Dec. 29, 2018
Operating activities:      
Net income $ 75,041 $ 119,447 $ 223,568
Adjustments to reconcile net income to cash provided by operating activities:      
Depreciation and amortization 50,677 45,017 44,061
Amortization of deferred financing costs and debt discount 8,845 9,318 8,539
Goodwill impairment 3,665 0 0
Impairment of intangible and long-lived assets 1,372 307 27
Share-based compensation expense 55,013 20,471 20,188
Deferred tax benefit (1,440) (9,424) (13,673)
Allowance for doubtful accounts 411 (123) 130
Reserve for inventory obsolescence 16,425 8,710 7,906
Foreign currency exchange rate loss 719 1,235 2,036
Changes in cash due to:      
Receivables (3,600) 1,331 (7,999)
Inventories (25,940) (9,127) (1,148)
Prepaid expenses (5,081) 13,619 (3,991)
Accounts payable (4,045) 1,347 2,224
Accrued liabilities (29,421) (6,968) 16,600
Deferred revenue (11,583) 6,199 (17,198)
Other long term assets and liabilities, net 1,859 (878) (13,001)
Income taxes 3,023 (18,098) 27,323
Cash provided by operating activities 135,940 182,383 295,592
Investing activities:      
Capital expenditures (21,490) (17,159) (19,050)
Capitalized software expenditures (28,941) (30,824) (27,763)
Cash paid for acquisitions (10,037) (4,060) (7,100)
Other items, net (5,123) (580) (10,045)
Cash used for investing activities (65,591) (52,623) (63,958)
Financing activities:      
Net (payments) borrowings on revolver 0 0 (25,000)
Payments on long-term debt (96,250) (177,000) (57,750)
Taxes paid related to net share settlement of equity awards (6,798) (6,582) (25,020)
Proceeds from stock options exercised 8,176 1,076 33,417
Other items, net (667) (487) 0
Cash used for financing activities (95,539) (182,993) (74,353)
Effect of exchange rate changes on cash and cash equivalents 8,341 (1,005) (3,361)
Net (decrease) increase in cash and cash equivalents (16,849) (54,238) 153,920
Cash and cash equivalents, beginning of period 182,736 236,974 83,054
Cash and cash equivalents, end of period $ 165,887 $ 182,736 $ 236,974