XML 20 R7.htm IDEA: XBRL DOCUMENT v3.20.2
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 6 Months Ended
Jun. 27, 2020
Jun. 29, 2019
Cash flows from operating activities:    
Net income $ 120,228 $ 94,210
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 13,587 11,641
Stock-based compensation 24,460 18,790
Loss on disposal of property, equipment and intangibles 196 93
Accounts Receivable, Allowance for Credit Loss, Recovery (170)  
(Benefit) provision for doubtful accounts   622
Benefit for deferred income taxes 77 21
Changes in operating assets and liabilities:    
Increase in accounts receivable (41,295) (11,705)
Increase in inventories (37,548) (4,159)
Increase in other current assets (12,004) (7,147)
Increase in lease receivable, net (2,183) (6,238)
(Increase) decrease in deferred costs and other contract assets (2,105) 8,723
Increase in other non-current assets (442) (177)
Increase (decrease) in accounts payable 32,798 (2,841)
Decrease in accrued compensation (2,025) (6,997)
Increase (decrease) in accrued liabilities 5,876 (2,966)
Increase in income tax payable 248 2,109
Increase in deferred revenue and other contract-related liabilities 6,920 5,566
(Decrease) increase in other non-current liabilities (558) 1,234
Net cash provided by operating activities 106,060 100,779
Cash flows from investing activities:    
Maturities (purchases) of short-term investments, net (70,000) 180,000
Purchases of property and equipment, net (51,263) (47,323)
Increase in intangible assets (4,322) (2,019)
Payments to Acquire Businesses, Net of Cash Acquired 78,310 0
Business combination, net of cash acquired, and strategic investments (6,750) 0
Net cash used in investing activities (70,645) (229,342)
Cash flows from financing activities:    
Proceeds from issuance of common stock 34,629 12,870
Payroll tax withholdings on behalf of employees for vested equity awards (1,424) (123)
Repurchases of common stock (591) (27,854)
Net cash provided by (used in) financing activities 32,614 (15,107)
Effect of foreign currency exchange rates on cash (847) (32)
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect 67,182 (143,702)
Cash, cash equivalents and restricted cash at end of period 631,881 408,784
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents $ 635,257 $ 408,939