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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 27, 2020
Jun. 29, 2019
Cash flows from operating activities:    
Net income $ 40,481 $ 29,727
Adjustments to reconcile net income to net cash provided by operating activities, net of the effects of acquisition:    
Depreciation and amortization 17,784 17,905
Stock-based compensation 11,061 14,458
Deferred income taxes, net 2,579 535
Other 3,162 3,106
Changes in operating assets and liabilities — (use) source    
Accounts receivable 17,891 67,808
Inventory 24,137 (27,112)
Other current assets (57,813) (14,246)
Accounts payable (20,576) (52,835)
Accrued expenses and other liabilities (10,549) (18,043)
Net cash provided by operating activities 28,157 21,303
Cash flows from investing activities:    
Additions of property and equipment (18,968) (14,705)
Change in other assets (2,125) (4,541)
Cash paid for business acquisition, net of cash acquired 0 (2,817)
Sales and maturities of investments 7,000 5,880
Net cash used in investing activities (14,093) (16,183)
Cash flows from financing activities:    
Proceeds from employee stock plans 3,690 4,680
Income tax withholding payment associated with restricted stock vesting (1,816) (7,277)
Stock repurchases 25,000 0
Net cash used in financing activities (23,126) (2,597)
Effect of exchange rate changes on cash and cash equivalents 404 (101)
Net (decrease) increase in cash and cash equivalents (8,658) 2,422
Cash and cash equivalents, at beginning of period 239,392 130,373
Cash and cash equivalents, at end of period $ 230,734 $ 132,795