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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Oct. 01, 2021
Oct. 02, 2020
Cash flows from operating activities:    
Net income $ 80,822 $ 60,712
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization of property, equipment and leasehold improvements 4,943 5,176
Amortization of premiums and accretion of discounts on short-term investments (11) (150)
Provision for contract losses and doubtful accounts 1,197 2,890
Stock-based compensation 15,239 13,326
Deferred income tax provision (2,020) (2,505)
Changes in operating assets and liabilities:    
Accounts receivable (33,671) 7,284
Prepaid expenses and other current assets (4,878) (8,439)
Change in operating leases (472) (331)
Accounts payable and accrued liabilities 5,784 311
Accrued payroll and employee benefits 3,053 (12,507)
Deferred revenues 392 (3,320)
Net cash provided by operating activities 70,378 62,447
Cash flows from investing activities:    
Capital expenditures (5,437) (4,144)
Purchase of short-term investments (34,994)  
Maturity of short-term investments 55,000 35,000
Net cash provided by investing activities 14,569 30,856
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 2,675 3,013
Dividends and dividend equivalents rights (32,775) (29,936)
Net cash used in financing activities (52,766) (82,235)
Effect of foreign currency exchange rates on cash and cash equivalents 79 128
Net change in cash and cash equivalents 32,260 11,196
Cash and cash equivalents at beginning of period 197,525 176,436
Cash and cash equivalents at end of period $ 229,785 $ 187,632