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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 28, 2024
Sep. 30, 2023
Cash flows from operating activities:    
Net income $ 44,617 $ 160,355
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Depreciation and amortization 28,421 25,279
Stock-based compensation expense 38,311 52,408
Change in deferred income tax provision 93 (1,466)
Amortization of right-of-use assets 5,674 5,022
Impairment of operating lease right-of-use asset 384 0
Other non-cash adjustments 217 177
Changes in assets and liabilities:    
Accounts receivable, net 12,908 (11,895)
Inventories, net (5,691) 6,356
Prepaid expenses and other assets (28,574) (5,305)
Accounts payable (2,356) (5,149)
Accrued liabilities 15,405 (13,029)
Accrued payroll obligations (8,106) (9,399)
Operating lease liabilities, current and long-term portions (5,848) (5,736)
Net cash provided by (used in) operating activities 95,455 197,618
Cash flows from investing activities:    
Capital expenditures (15,231) (16,370)
Cash paid for software and intellectual property licenses (12,492) (8,917)
Net cash provided by (used in) investing activities (27,723) (25,287)
Cash flows from financing activities:    
Restricted stock unit tax withholdings (30,607) (48,633)
Proceeds from issuance of common stock 6,018 5,519
Repurchase of common stock (46,999) (30,005)
Repayment of long-term debt 0 (130,000)
Net cash provided by (used in) financing activities (71,588) (203,119)
Effect of exchange rate change on cash (178) (537)
Net increase (decrease) in cash and cash equivalents (4,034) (31,325)
Beginning cash and cash equivalents 128,317 145,722
Ending cash and cash equivalents 124,283 114,397
Supplemental disclosure of cash flow information and non-cash investing and financing activities:    
Interest paid 0 3,240
Income taxes paid, net of refunds 6,031 11,229
Operating lease payments 6,972 6,179
Accrued purchases of plant and equipment 2,391 269
Operating lease right-of-use assets obtained in exchange for lease obligations $ 7,288 $ 3,718