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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 26, 2020
Sep. 28, 2019
Cash flows from operating activities:    
Net income $ 133,733 $ 65,259
Adjustments to reconcile net income to net cash provided by (used in) operating activities, net of the effects of acquisition:    
Depreciation and amortization 25,705 27,744
Debt and Equity Securities, Unrealized Gain (Loss) (43,480) 0
Stock-based compensation 20,904 18,742
Deferred income taxes, net 10,939 (5,873)
Other 4,785 4,687
Changes in operating assets and liabilities — (use) source    
Accounts receivable (32,572) (10,948)
Inventory (61,006) (83,863)
Other assets (20,718) (8,155)
Accounts payable 46,098 (27,256)
Accrued expenses and other liabilities 12,358 (11,916)
Net cash provided by (used in) operating activities 96,746 (31,579)
Cash flows from investing activities:    
Additions of property and equipment (25,031) (27,080)
Change in other assets (3,729) (5,336)
Cash paid for business acquisition, net of cash acquired 0 (2,817)
Sales and maturities of investments 10,500 9,380
Net cash used in investing activities (18,260) (25,853)
Cash flows from financing activities:    
Proceeds from employee stock plans 4,048 4,981
Income tax withholding payment associated with restricted stock vesting (1,845) (7,277)
Stock repurchases 25,000 0
Net cash used in financing activities (22,797) (2,296)
Effect of exchange rate changes on cash and cash equivalents 2,125 (103)
Net increase (decrease) in cash and cash equivalents 57,814 (59,831)
Cash and cash equivalents, at beginning of period 239,392 130,373
Cash and cash equivalents, at end of period $ 297,206 $ 70,542