XML 16 R6.htm IDEA: XBRL DOCUMENT v3.22.4
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Dec. 31, 2022
Jan. 01, 2022
Cash flows from operating activities    
Net income $ 75,188 $ 123,481
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 11,132 9,217
Stock-based compensation expense 20,195 17,459
Other 6,797 1,139
Deferred income taxes 167 14
Foreign currency transaction (gain) loss (17,700) 494
Changes in operating assets and liabilities:    
Accounts receivable, net (7,286) (79,000)
Inventories 143,144 (21,800)
Other assets 2,463 4,086
Accounts payable and accrued expenses (65,917) 185,127
Accrued compensation 2,249 (49,094)
Deferred revenue (3,950) (13,510)
Other liabilities 15,804 2,321
Net cash provided by operating activities 182,286 179,934
Cash flows from investing activities    
Purchases of property and equipment, and intangible assets (14,689) (6,355)
Cash paid for acquisitions, net of acquired cash   (27,101)
Net cash used in investing activities (14,689) (33,456)
Cash flows from financing activities    
Payments for debt issuance costs   (929)
Payments for repurchase of common stock (15,043) (31,365)
Proceeds from exercise of common stock options 8,103 13,232
Payments for repurchase of common stock related to shares withheld for tax in connection with vesting of stock awards (8,376) (11,882)
Net cash used in financing activities (15,316) (30,944)
Effect of exchange rate changes on cash and cash equivalents 4,397 (1,218)
Net increase in cash and cash equivalents 156,678 114,316
Cash and cash equivalents    
Beginning of period 274,855 640,101
End of period 431,533 754,417
Supplemental disclosure    
Cash paid for interest 111 23
Cash paid for taxes, net of refunds 1,903 413
Cash paid for amounts included in the measurement of lease liabilities 2,190 3,410
Supplemental disclosure of non-cash investing and financing activities    
Purchases of property and equipment in accounts payable and accrued expenses $ 2,030 5,499
Right-of-use assets obtained in exchange for new operating lease liabilities   $ 2,246