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Unaudited Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Oct. 01, 2023
Oct. 02, 2022
Cash flows from operating activities:    
Net loss $ (103,098) $ (62,943)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:    
Depreciation and amortization 5,491 7,845
Stock-based compensation 13,637 13,266
(Gain) Loss on investments, net (2,301) 342
Goodwill impairment 0 44,442
Intangibles impairment 1,071 0
Deferred income taxes 82,205 (13,895)
Provision for excess and obsolete inventory 2,705 3,005
Changes in assets and liabilities:    
Accounts receivable, net 76,585 1,250
Inventories 15,990 14,572
Prepaid expenses and other assets (3,020) (2,858)
Accounts payable (38,443) 13,432
Accrued employee compensation (4,952) (4,329)
Other accrued liabilities (46,929) (23,504)
Deferred revenue 4,771 3,268
Income taxes payable (3,130) (2,692)
Net cash provided by (used in) operating activities 582 (8,799)
Cash flows from investing activities:    
Purchases of short-term investments (97,291) (143,933)
Proceeds from maturities of short-term investments 85,006 50,418
Purchases of property and equipment (3,601) (4,133)
Purchases of long-term investments (585) (450)
Net cash used in investing activities (16,471) (98,098)
Cash flows from financing activities:    
Repurchases of common stock 0 (24,377)
Restricted stock unit withholdings (2,742) (4,731)
Proceeds from exercise of stock options 0 743
Proceeds from issuance of common stock under employee stock purchase plan 3,590 4,418
Net cash provided by (used in) financing activities 848 (23,947)
Net decrease in cash and cash equivalents (15,041) (130,844)
Cash and cash equivalents, at beginning of period 146,500 263,772
Cash and cash equivalents, at end of period 131,459 132,928
Supplemental Cash Flow Information:    
Unpaid property and equipment $ 1,055 $ 735