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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2018
Oct. 01, 2017
Cash flows from operating activities:    
Net income $ 173,849 $ 204,459
Adjustments to reconcile net income to net cash provided by operating activities:    
Stock-based compensation expense 31,339 23,355
Depreciation of property, plant, and equipment 13,474 9,811
Amortization of intangible assets 2,307 2,539
Amortization of discounts or premiums on investments 123 188
Realized (gain) loss on sale of investments (535) (370)
Revaluation of contingent consideration (50) 88
Change in deferred income taxes 175 (1,830)
Accounts receivable (18,136) (58,379)
Unbilled revenue (6,542) (46,010)
Inventories (27,699) (18,550)
Prepaid expenses and other current assets (3,437) (14,666)
Accounts payable (1,182) 19,132
Accrued expenses 2,266 8,819
Accrued income taxes (17,497) 3,724
Deferred revenue and customer deposits 4,841 5,883
Other (1,604) 1,861
Net cash provided by operating activities 151,692 140,054
Cash flows from investing activities:    
Purchases of investments (616,047) (415,508)
Maturities and sales of investments 635,119 428,076
Purchases of property, plant, and equipment (27,356) (20,044)
Cash paid for acquisition of business 0 (24,118)
Net cash provided by (used in) investing activities 0 (291)
Net cash provided by (used in) investing activities (8,284) (31,885)
Cash flows from financing activities:    
Issuance of common stock under stock plans 25,882 44,750
Repurchase of common stock (142,262) (99,347)
Payment of dividends (23,283) (21,236)
Payment of contingent consideration (1,000) (1,926)
Net cash provided by (used in) financing activities (140,663) (77,759)
Effect of foreign exchange rate changes on cash and cash equivalents (1,956) 1,298
Net change in cash and cash equivalents 789 31,708
Cash and cash equivalents at beginning of period 106,582 79,641
Cash and cash equivalents at end of period $ 107,371 $ 111,349