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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Apr. 01, 2023
Apr. 02, 2022
Cash flows from operating activities:    
Net income $ 55,923 $ 36,078
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Depreciation and amortization 8,090 7,179
Stock-based compensation expense 14,255 14,125
Amortization of right-of-use assets 1,657 1,696
Other non-cash adjustments 45 44
Changes in assets and liabilities:    
Accounts receivable, net 3,196 (3,196)
Inventories, net (6,704) (4,179)
Prepaid expenses and other assets 368 1,292
Accounts payable (1,193) 3,894
Accrued liabilities (7,886) (444)
Accrued payroll obligations (21,216) (11,639)
Operating lease liabilities, current and long-term portions (1,671) (1,645)
Net cash provided by (used in) operating activities 44,864 43,205
Cash flows from investing activities:    
Capital expenditures (8,414) (4,426)
Cash paid for software and intellectual property licenses (2,615) (2,704)
Net cash provided by (used in) investing activities (11,029) (7,130)
Cash flows from financing activities:    
Restricted stock unit tax withholdings (33,787) (25,629)
Proceeds from issuance of common stock 1,235 601
Repurchase of common stock (10,004) (15,000)
Repayment of long-term debt (25,000) (4,375)
Net cash provided by (used in) financing activities (67,556) (44,403)
Effect of exchange rate change on cash 135 (253)
Net increase (decrease) in cash and cash equivalents (33,586) (8,581)
Beginning cash and cash equivalents 145,722 131,570
Ending cash and cash equivalents 112,136 122,989
Supplemental disclosure of cash flow information and non-cash investing and financing activities:    
Interest paid 1,849 552
Operating lease payments 2,000 1,884
Income taxes paid, net of refunds 413 761
Accrued purchases of plant and equipment 399 963
Operating lease right-of-use assets obtained in exchange for lease obligations $ 40 $ 314