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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Apr. 02, 2022
Apr. 03, 2021
Cash flows from operating activities:    
Net income $ 36,078 $ 18,813
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Depreciation and amortization 7,179 5,901
Stock-based compensation expense 14,125 10,454
Amortization of right-of-use assets 1,696 1,628
Other non-cash adjustments 44 51
Changes in assets and liabilities:    
Accounts receivable, net (3,196) (6,509)
Inventories, net (4,179) 5,143
Prepaid expenses and other assets 1,292 780
Accounts payable 3,894 (146)
Accrued expenses (444) 1,064
Accrued payroll obligations (11,639) (6,436)
Operating lease liabilities, current and long-term portions (1,645) (1,372)
Net cash provided by (used in) operating activities 43,205 29,371
Cash flows from investing activities:    
Capital expenditures (4,426) (1,270)
Cash paid for software and intellectual property licenses (2,704) (3,056)
Net cash provided by (used in) investing activities (7,130) (4,326)
Cash flows from financing activities:    
Restricted stock unit tax withholdings (25,629) (7,981)
Proceeds from issuance of common stock 601 1,111
Repurchase of common stock (15,000) (15,002)
Repayment of long-term debt (4,375) 0
Net cash provided by (used in) financing activities (44,403) (21,872)
Effect of exchange rate change on cash (253) (237)
Net increase (decrease) in cash and cash equivalents (8,581) 2,936
Beginning cash and cash equivalents 131,570 182,332
Ending cash and cash equivalents 122,989 185,268
Supplemental disclosure of cash flow information and non-cash investing and financing activities:    
Interest paid 552 592
Operating lease payments 1,884 1,731
Income taxes paid, net of refunds 761 675
Accrued purchases of plant and equipment 963 1,120
Operating lease right-of-use assets obtained in exchange for lease obligations $ 314 $ 7,440