XML 16 R5.htm IDEA: XBRL DOCUMENT v3.5.0.2
Unaudited Condensed Consolidated Statements Of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jul. 03, 2016
Jun. 28, 2015
Cash flows from operating activities:    
Net income $ 32,623 $ 11,678
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 16,887 18,692
Purchase premium amortization/discount accretion on investments, net 56 (58)
Non-cash stock-based compensation 9,430 8,406
Income tax impact associated with stock option exercises 768 (799)
Excess tax benefit from stock-based compensation (1,426) (240)
Deferred income taxes 3,857 2,220
Changes in assets and liabilities:    
Accounts receivable 60,092 29,196
Inventories 5,277 34,215
Prepaid expenses and other assets 3,066 6,428
Accounts payable (9,866) (34,508)
Accrued employee compensation 3,349 (2,999)
Other accrued liabilities (34,091) (20,912)
Deferred revenue 136 (3,209)
Income taxes payable (1,482) (9,603)
Net Cash Provided by Operating Activities 88,676 38,507
Cash flows from investing activities:    
Purchases of short-term investments (80,254) (25,105)
Proceeds from sales and maturities of short-term investments 50,147 65,142
Purchase of property and equipment (5,060) (8,200)
Net Cash Provided by (Used in) Investing Activities (35,167) 31,837
Cash flows from financing activities:    
Purchase and retirement of common stock (27,167) (81,036)
Proceeds from exercise of stock options 14,653 4,471
Proceeds from issuance of common stock under employee stock purchase plan 1,645 1,502
Excess tax benefit from stock-based compensation 1,426 240
Net Cash Used in Financing Activities (9,443) (74,823)
Net increase (decrease) in cash and cash equivalents 44,066 (4,479)
Cash and cash equivalents, at beginning of period 181,945 141,234
Cash and cash equivalents, at end of period $ 226,011 $ 136,755