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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jul. 02, 2021
Jul. 03, 2020
Cash flows from operating activities:    
Net income $ 56,248 $ 42,628
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization of property, equipment and leasehold improvements 3,298 3,487
Amortization of premiums and accretion of discounts on short-term investments (10) (112)
Provision for contract losses and doubtful accounts 932 2,817
Stock-based compensation 10,874 9,600
Deferred income tax provision (549) (398)
Changes in operating assets and liabilities:    
Accounts receivable (32,110) 7,980
Prepaid expenses and other current assets (1,161) (10,666)
Change in operating leases (540) (529)
Accounts payable and accrued liabilities 11,724 (1,992)
Accrued payroll and employee benefits (2,438) (14,816)
Deferred revenues (816) (3,800)
Net cash provided by operating activities 45,452 34,199
Cash flows from investing activities:    
Capital expenditures (4,246) (2,467)
Purchase of short-term investments (9,997)  
Maturity of short-term investments 55,000 21,000
Net cash provided by investing activities 40,757 18,533
Cash flows from financing activities:    
Payroll taxes for restricted stock units (15,666) (15,263)
Repurchase of common stock (7,000) (40,049)
Exercise of stock-based payment awards 1,023 2,534
Dividends and dividend equivalents rights (22,354) (20,128)
Net cash used in financing activities (43,997) (72,906)
Effect of foreign currency exchange rates on cash and cash equivalents 216 (330)
Net change in cash and cash equivalents 42,428 (20,504)
Cash and cash equivalents at beginning of period 197,525 176,436
Cash and cash equivalents at end of period $ 239,953 $ 155,932