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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 26, 2020
Sep. 28, 2019
Cash flows from operating activities:    
Net income $ 31,403 $ 29,506
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 19,263 24,682
Stock-based compensation expense 30,228 13,335
Reduction in the carrying amount of right-of-use assets 4,464 4,372
Amortization of debt issuance costs and discount 300 1,539
Impairment of operating lease right-of-use asset (recorded in Restructuring charges) 0 977
Loss on refinancing of long-term debt 0 2,235
Other non-cash adjustments (101) (63)
Changes in assets and liabilities:    
Accounts receivable, net (8,072) 13,457
Inventories (4,508) 7,424
Prepaid expenses and other assets (3,516) (8,741)
Accounts payable and accrued expenses 1,861 (196)
Accrued payroll obligations 1,744 2,063
Operating lease liabilities, current and long-term portions (4,331) (5,571)
Income taxes payable 223 (202)
Net cash provided by operating activities 68,958 84,817
Cash flows from investing activities:    
Capital expenditures (9,781) (11,729)
Cash paid for software licenses (6,850) (5,745)
Proceeds from sales of and maturities of short-term marketable securities 0 9,655
Net cash used in investing activities (16,631) (7,819)
Cash flows from financing activities:    
Restricted stock unit tax withholdings (19,934) (7,813)
Proceeds from issuance of common stock 7,145 16,178
Proceeds from issuance of long-term debt 50,000 206,500
Original issue discount and debt issuance costs 0 (2,086)
Repayment of debt (26,250) (311,408)
Net cash provided by (used in) financing activities 10,961 (98,629)
Effect of exchange rate change on cash 899 (7)
Net increase in cash and cash equivalents 64,187 (21,638)
Beginning cash and cash equivalents 118,081 119,051
Ending cash and cash equivalents 182,268 97,413
Interest paid 2,849 9,932
Operating lease payments 5,786 6,540
Income taxes paid, net of refunds 2,317 1,922
Accrued purchases of plant and equipment 549 1,841
Operating lease right-of-use assets obtained in exchange for lease obligations $ 2,274 $ 404