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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jul. 01, 2018
Jul. 02, 2017
Cash flows from operating activities:    
Net income $ 93,413 $ 101,966
Adjustments to reconcile net income to net cash provided by operating activities:    
Stock-based compensation expense 22,196 15,329
Depreciation of property, plant, and equipment 8,874 6,288
Amortization of intangible assets 1,538 1,740
Amortization of discounts or premiums on investments 94 171
Realized (gain) loss on sale of investments (269) (107)
Revaluation of contingent consideration (254) (151)
Change in deferred income taxes (2,385) (972)
Accounts receivable (18,779) (18,841)
Unbilled revenue 3,803 (3,315)
Inventories (23,220) (7,711)
Prepaid expenses and other current assets (23,112) (23,990)
Accounts payable (10,889) 11,814
Accrued expenses (5,666) (157)
Accrued income taxes (5,360) (532)
Deferred revenue and customer deposits 32,470 9,080
Other 162 8
Net cash provided by operating activities 72,616 90,620
Cash flows from investing activities:    
Purchases of investments (336,189) (304,611)
Maturities and sales of investments 431,008 279,654
Purchases of property, plant, and equipment (21,675) (12,172)
Cash paid for acquisition of businesses, net of cash acquired 0 (25,519)
Net cash provided by (used in) investing activities 0 (291)
Net cash provided by (used in) investing activities 73,144 (62,939)
Cash flows from financing activities:    
Issuance of common stock under stock plans 14,811 35,050
Repurchase of common stock (121,308) (62,343)
Payment of dividends (15,524) (13,864)
Payment of contingent consideration (1,000) 0
Net cash provided by (used in) financing activities (123,021) (41,157)
Effect of foreign exchange rate changes on cash and cash equivalents (119) 2,101
Net change in cash and cash equivalents 22,620 (11,375)
Cash and cash equivalents at beginning of period 106,582 79,641
Cash and cash equivalents at end of period $ 129,202 $ 68,266