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Unaudited Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2024
Jul. 02, 2023
Cash flows from operating activities:    
Net loss $ (63,825) $ (18,299)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:    
Depreciation and amortization 3,048 3,866
Stock-based compensation 10,432 9,352
Gain on investments, net (1,985) (1,464)
Deferred income taxes 542 (7,839)
Provision for excess and obsolete inventory 2,954 1,531
Changes in assets and liabilities:    
Accounts receivable, net 37,991 97,989
Inventories 56,961 (26,401)
Prepaid expenses and other assets 3,866 962
Accounts payable (6,620) (49,747)
Accrued employee compensation 2,680 (1,870)
Other accrued liabilities (7,641) (37,200)
Deferred revenue 2,222 2,664
Income taxes payable (4,990) 988
Net cash provided by (used in) operating activities 35,635 (25,468)
Cash flows from investing activities:    
Purchases of short-term investments (67,998) (68,042)
Proceeds from maturities of short-term investments 60,000 55,006
Purchases of property and equipment (4,817) (1,599)
Purchases of long-term investments (90) (225)
Net cash used in investing activities (12,905) (14,860)
Cash flows from financing activities:    
Repurchases of common stock (21,444) 0
Restricted stock unit withholdings (2,885) (2,105)
Proceeds from issuance of common stock under employee stock purchase plan 1,986 2,286
Net cash provided by (used in) financing activities (22,343) 181
Net increase (decrease) in cash and cash equivalents 387 (40,147)
Cash and cash equivalents, at beginning of period 176,717 146,500
Cash and cash equivalents, at end of period 177,104 106,353
Non-cash investing and financing activities:    
Unpaid property and equipment $ 1,630 $ 1,031