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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 29, 2018
Jun. 30, 2017
Cash flows from operating activities:    
Net income $ 38,765 $ 30,367
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization of property, equipment and leasehold improvements 3,149 3,195
Amortization of premiums and accretion of discounts on short-term investments (19) 0
Deferred rent (153) (205)
Provision for contract losses and doubtful accounts 782 805
Stock-based compensation 10,033 9,187
Deferred income tax provision (1,379) 1,217
Changes in operating assets and liabilities:    
Accounts receivable (7,214) (20,840)
Prepaid expenses and other assets (4,553) 3,365
Accounts payable and accrued liabilities (3,018) 928
Accrued payroll and employee benefits (8,182) (9,806)
Deferred revenues (295) (1,022)
Net cash provided by operating activities 27,916 17,191
Cash flows from investing activities:    
Capital expenditures (8,949) (2,526)
Purchase of short-term investments (19,939) (13,000)
Maturity of short-term investments 16,000 0
Net cash used in investing activities (12,888) (15,526)
Cash flows from financing activities:    
Payroll taxes for restricted stock units (8,637) (9,520)
Repurchase of common stock 0 (7,004)
Exercise of share-based payment awards 692 638
Dividends and dividend equivalents rights (13,732) (10,995)
Net cash used in financing activities (21,677) (26,881)
Effect of foreign currency exchange rates on cash and cash equivalents (372) 482
Net decrease in cash and cash equivalents (7,021) (24,734)
Cash and cash equivalents at beginning of period 124,794 114,967
Cash and cash equivalents at end of period $ 117,773 $ 90,233