XML 17 R6.htm IDEA: XBRL DOCUMENT v3.24.1.u1
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Mar. 29, 2024
Mar. 31, 2023
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 27,506 $ 55,274
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and intangibles amortization 31,486 25,365
Share-based compensation 20,747 20,507
Deferred income taxes 3,706 20,233
Other adjustments, net (1,497) (2,784)
Change in operating assets and liabilities:    
Accounts receivable (31,327) (18,316)
Inventories (12,325) (8,236)
Prepaid expenses and other assets (3,955) (2,857)
Accounts payable 19,240 (253)
Accrued and other liabilities (2,301) (17,471)
Income taxes 22 (715)
Net cash provided by operating activities 51,302 70,747
CASH FLOWS FROM INVESTING ACTIVITIES:    
Acquisition of businesses, net of cash acquired (74,813) (50,835)
Purchases of property and equipment (9,782) (15,614)
Proceeds from sale of property and equipment 0 8,000
Proceeds from sales and maturities of short-term investments 215,112 261,634
Purchases of short-term investments (230,590) (228,157)
Net cash used in investing activities (100,073) (24,972)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Payments on finance leases and other (703) (591)
Proceeds from stock option exercises and employee stock purchases 2,849 2,320
Common stock withheld for taxes on employee equity awards (12,522) (31,253)
Net cash used in financing activities (10,376) (29,524)
Foreign currency effect on cash 185 370
NET CHANGE IN CASH AND CASH EQUIVALENTS (58,962) 16,621
CASH AND CASH EQUIVALENTS — Beginning of period 173,952 119,952
CASH AND CASH EQUIVALENTS — End of period 114,990 136,573
Issuance of common stock in connection with the RF Business Acquisition (See Note 3 - Acquisitions) $ 57,733 $ 0