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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2022
Jan. 01, 2022
Jan. 02, 2021
Cash flows from operating activities:      
Net income $ 178,882 $ 95,922 $ 47,392
Adjustments to reconcile net income to net cash provided by (used in) operating activities:      
Depreciation and amortization 29,323 24,429 25,140
Stock-based compensation expense 55,530 46,475 40,372
Amortization of right-of-use assets 6,512 6,587 5,960
Impairment of operating lease right-of-use asset 1,149 0 0
Other non-cash adjustments 642 (239) 144
Changes in assets and liabilities:      
Accounts receivable, net (14,159) (12,013) 336
Inventories, net (42,781) (2,995) (9,619)
Prepaid expenses and other assets (6,276) 1,918 (6,441)
Accounts payable 7,439 7,046 (16,820)
Accrued liabilities 20,101 (2,855) 6,314
Accrued payroll obligations 8,903 9,692 4,624
Operating lease liabilities, current and long-term portions (6,459) (6,245) (5,715)
Net cash provided by (used in) operating activities 238,806 167,722 91,687
Cash flows from investing activities:      
Cash paid for business acquisition, net of cash acquired 0 (68,099) 0
Capital expenditures (23,338) (9,835) (12,121)
Cash paid for software and intellectual property licenses (11,594) (11,862) (8,747)
Net cash provided by (used in) investing activities (34,932) (89,796) (20,868)
Cash flows from financing activities:      
Restricted stock unit tax withholdings (54,946) (54,191) (26,965)
Proceeds from issuance of common stock 7,159 8,827 10,103
Repurchase of common stock (110,132) (70,124) (14,989)
Proceeds from long-term debt, net of issuance costs 148,597 0 50,000
Repayment of long-term debt (178,750) (13,125) (26,250)
Net cash provided by (used in) financing activities (188,072) (128,613) (8,101)
Effect of exchange rate change on cash (1,650) (75) 1,533
Net increase (decrease) in cash and cash equivalents 14,152 (50,762) 64,251
Beginning cash and cash equivalents 131,570 182,332 118,081
Ending cash and cash equivalents 145,722 131,570 182,332
Supplemental disclosure of cash flow information and non-cash investing and financing activities:      
Interest paid 3,973 2,313 3,700
Operating lease payments 7,419 7,639 7,713
Income taxes paid, net of refunds 4,621 3,304 1,868
Accrued purchases of plant and equipment 1,357 1,360 975
Operating lease right-of-use assets obtained in exchange for lease obligations $ 2,134 $ 8,134 $ 2,645