XML 74 R7.htm IDEA: XBRL DOCUMENT v2.4.1.9
CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Thousands, unless otherwise specified
 12 Months Ended
Dec. 27, 2014
Dec. 28, 2013
Dec. 29, 2012
Cash Flows from Operating Activities:      
Net income (loss) $ 13,659us-gaap_NetIncomeLoss $ (32,119)us-gaap_NetIncomeLoss $ (85,330)us-gaap_NetIncomeLoss
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:      
Depreciation and amortization 25,917us-gaap_DepreciationAmortizationAndAccretionNet 24,562us-gaap_DepreciationAmortizationAndAccretionNet 23,661us-gaap_DepreciationAmortizationAndAccretionNet
Amortization of debt discount and issuance costs 8,395us-gaap_AmortizationOfFinancingCostsAndDiscounts 4,522us-gaap_AmortizationOfFinancingCostsAndDiscounts 0us-gaap_AmortizationOfFinancingCostsAndDiscounts
Amortization of premium on investments 3,772us-gaap_AccretionAmortizationOfDiscountsAndPremiumsInvestments 1,539us-gaap_AccretionAmortizationOfDiscountsAndPremiumsInvestments 2,068us-gaap_AccretionAmortizationOfDiscountsAndPremiumsInvestments
Stock-based compensation expense 28,394us-gaap_ShareBasedCompensation 31,976us-gaap_ShareBasedCompensation 41,819us-gaap_ShareBasedCompensation
Other gain (9)us-gaap_OtherNoncashIncomeExpense (276)us-gaap_OtherNoncashIncomeExpense (388)us-gaap_OtherNoncashIncomeExpense
Changes in assets and liabilities:      
Accounts receivable (53,951)us-gaap_IncreaseDecreaseInAccountsReceivable 6,341us-gaap_IncreaseDecreaseInAccountsReceivable (26,517)us-gaap_IncreaseDecreaseInAccountsReceivable
Inventory (25,486)us-gaap_IncreaseDecreaseInInventories (3,036)us-gaap_IncreaseDecreaseInInventories (40,623)us-gaap_IncreaseDecreaseInInventories
Prepaid expenses and other assets (8,324)us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets (3,162)us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets 6,140us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
Accounts payable 18,810us-gaap_IncreaseDecreaseInAccountsPayable (20,202)us-gaap_IncreaseDecreaseInAccountsPayable 15,410us-gaap_IncreaseDecreaseInAccountsPayable
Accrued liabilities and other expenses 11,866us-gaap_IncreaseDecreaseInAccruedLiabilities 11,272us-gaap_IncreaseDecreaseInAccruedLiabilities 6,915us-gaap_IncreaseDecreaseInAccruedLiabilities
Deferred revenue 8,788us-gaap_IncreaseDecreaseInDeferredRevenue 7,337us-gaap_IncreaseDecreaseInDeferredRevenue 3,763us-gaap_IncreaseDecreaseInDeferredRevenue
Accrued warranty 4,132us-gaap_IncreaseDecreaseInOtherOperatingLiabilities 6,426us-gaap_IncreaseDecreaseInOtherOperatingLiabilities 3,616us-gaap_IncreaseDecreaseInOtherOperatingLiabilities
Net cash provided by (used in) operating activities 35,963us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperations 35,180us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperations (49,466)us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
Cash Flows from Investing Activities:      
Purchase of available-for-sale investments (302,398)us-gaap_PaymentsToAcquireAvailableForSaleSecurities (288,140)us-gaap_PaymentsToAcquireAvailableForSaleSecurities (54,150)us-gaap_PaymentsToAcquireAvailableForSaleSecurities
Purchase of cost-method investment (5,500)us-gaap_PaymentsToAcquireOtherInvestments 0us-gaap_PaymentsToAcquireOtherInvestments 0us-gaap_PaymentsToAcquireOtherInvestments
Proceeds from sales of available-for-sale investments 28,481us-gaap_ProceedsFromSaleOfAvailableForSaleSecurities 2,850us-gaap_ProceedsFromSaleOfAvailableForSaleSecurities 11,584us-gaap_ProceedsFromSaleOfAvailableForSaleSecurities
Proceeds from maturities and calls of investments 208,051infn_ProceedsFromMaturitiesAndCallsOfInvestments 125,624infn_ProceedsFromMaturitiesAndCallsOfInvestments 117,605infn_ProceedsFromMaturitiesAndCallsOfInvestments
Purchase of property and equipment (23,122)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment (21,065)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment (25,394)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment
Reimbursement of manufacturing capacity advance 0infn_ReimbursementOfManufacturingCapacityAdvance 0infn_ReimbursementOfManufacturingCapacityAdvance 50infn_ReimbursementOfManufacturingCapacityAdvance
Change in restricted cash (1,571)us-gaap_IncreaseDecreaseInRestrictedCash (69)us-gaap_IncreaseDecreaseInRestrictedCash (827)us-gaap_IncreaseDecreaseInRestrictedCash
Net cash provided by (used in) investing activities (96,059)us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperations (180,800)us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperations 48,868us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
Cash Flows from Financing Activities:      
Proceeds from issuance of debt, net 0us-gaap_ProceedsFromIssuanceOfLongTermDebt 144,469us-gaap_ProceedsFromIssuanceOfLongTermDebt 0us-gaap_ProceedsFromIssuanceOfLongTermDebt
Proceeds from issuance of common stock 24,707us-gaap_ProceedsFromIssuanceOfCommonStock 23,185us-gaap_ProceedsFromIssuanceOfCommonStock 11,580us-gaap_ProceedsFromIssuanceOfCommonStock
Minimum tax withholding paid on behalf of employees for net share settlement (1,846)us-gaap_PaymentsRelatedToTaxWithholdingForShareBasedCompensation (1,544)us-gaap_PaymentsRelatedToTaxWithholdingForShareBasedCompensation (882)us-gaap_PaymentsRelatedToTaxWithholdingForShareBasedCompensation
Net cash provided by financing activities 22,861us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperations 166,110us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperations 10,698us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
Effect of exchange rate changes on cash (600)us-gaap_EffectOfExchangeRateOnCashAndCashEquivalents (826)us-gaap_EffectOfExchangeRateOnCashAndCashEquivalents 108us-gaap_EffectOfExchangeRateOnCashAndCashEquivalents
Net change in cash and cash equivalents (37,835)us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease 19,664us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease 10,208us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease
Cash and cash equivalents at beginning of period 124,330us-gaap_CashAndCashEquivalentsAtCarryingValue 104,666us-gaap_CashAndCashEquivalentsAtCarryingValue 94,458us-gaap_CashAndCashEquivalentsAtCarryingValue
Cash and cash equivalents at end of period 86,495us-gaap_CashAndCashEquivalentsAtCarryingValue 124,330us-gaap_CashAndCashEquivalentsAtCarryingValue 104,666us-gaap_CashAndCashEquivalentsAtCarryingValue
Supplemental disclosures of cash flow information:      
Cash paid for income taxes, net of refunds 1,697us-gaap_IncomeTaxesPaid 2,135us-gaap_IncomeTaxesPaid 923us-gaap_IncomeTaxesPaid
Cash paid for interest 2,625us-gaap_InterestPaid 1,320us-gaap_InterestPaid 0us-gaap_InterestPaid
Supplemental schedule of non-cash financing activities      
Non-cash settlement for manufacturing capacity advance 0infn_NonCashSettlementForManufacturingCapacityAdvance 0infn_NonCashSettlementForManufacturingCapacityAdvance 275infn_NonCashSettlementForManufacturingCapacityAdvance
Transfer of inventory to fixed assets 2,569infn_TransferOfInventoryToFixedAssets 5,458infn_TransferOfInventoryToFixedAssets 3,222infn_TransferOfInventoryToFixedAssets
Warrant exercise $ 0infn_NoncashWarrantExercise $ 500infn_NoncashWarrantExercise $ 0infn_NoncashWarrantExercise