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Unaudited Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Apr. 02, 2023
Apr. 03, 2022
Cash flows from operating activities:    
Net loss $ (9,712) $ (57,210)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Depreciation and amortization 2,011 2,807
Stock-based compensation 4,665 4,697
(Gain) Loss on investments, net (663) 622
Goodwill impairment 0 44,442
Deferred income taxes (4,629) (7,626)
Provision for excess and obsolete inventory 1,174 1,460
Changes in assets and liabilities:    
Accounts receivable, net 84,945 41,247
Inventories (38,747) (13,102)
Prepaid expenses and other assets (1,778) 7,889
Accounts payable (5,922) (9,012)
Accrued employee compensation (2,425) (3,743)
Other accrued liabilities (23,665) (13,155)
Deferred revenue 1,609 1,705
Income taxes payable 2,259 273
Net cash provided by operating activities 9,122 1,294
Cash flows from investing activities:    
Purchases of short-term investments (38,733) (50,202)
Proceeds from maturities of short-term investments 25,006 417
Purchases of property and equipment (870) (957)
Purchases of long-term investments 0 (210)
Net cash used in investing activities (14,597) (50,952)
Cash flows from financing activities:    
Repurchases of common stock 0 (9,377)
Restricted stock unit withholdings (120) (1,262)
Proceeds from exercise of stock options 0 593
Proceeds from issuance of common stock under employee stock purchase plan 2,286 2,758
Net cash provided by (used in) financing activities 2,166 (7,288)
Net decrease in cash and cash equivalents (3,309) (56,946)
Cash and cash equivalents, at beginning of period 146,500 263,772
Cash and cash equivalents, at end of period $ 143,191 $ 206,826