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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
6 Months Ended
Jul. 01, 2023
Jul. 02, 2022
Cash flows from operating activities:    
Net income $ 37.0 $ 64.7
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 51.3 79.9
Stock-based compensation (benefit) expense (1.3) 28.2
Gain on disposal of equipment, intangibles and other assets 0.0 0.3
Provision for credit losses 0.5 0.9
Amortization of debt issuance cost 0.9 0.0
Changes in operating assets and liabilities:    
Decrease (increase) in accounts receivable 95.9 (44.7)
Increase in inventories (45.5) (67.8)
Increase in other current assets (8.8) (8.2)
Increase in lease receivable, net (4.4) (1.7)
Increase in deferred costs and other contract assets (0.4) (21.6)
Increase in other non-current assets (24.4) (0.3)
(Decrease) increase in accounts payable (11.8) 40.4
Decrease in accrued compensation (39.0) (22.6)
Decrease in accrued liabilities (19.7) (7.2)
Increase (decrease) in income tax payable 5.0 (18.5)
(Decrease) increase in deferred revenue and other contract-related liabilities (6.8) 4.8
Decrease in other non-current liabilities (4.5) (1.0)
Net cash provided by operating activities 24.0 25.6
Cash flows from investing activities:    
Purchases of property and equipment, net (20.4) (30.0)
Increase in intangible assets (19.9) (10.5)
Business combinations, net of cash acquired 7.5 (985.5)
Other strategic investing activities (0.7) (1.2)
Net cash used in investing activities (33.5) (1,027.2)
Cash flows from financing activities:    
Borrowings under line of credit 79.0 927.0
Repayments on line of credit (112.4) (0.1)
Debt issuance costs 0.0 (8.9)
Proceeds from issuance of common stock 6.0 4.6
Payroll tax withholdings on behalf of employees for vested equity awards (12.7) (25.4)
Repurchases of common stock 0.0 (401.4)
Net cash (used in) provided by financing activities (40.1) 495.8
Effect of foreign currency exchange rates on cash (1.4) (22.0)
Net decrease in cash, cash equivalents and restricted cash (51.0) (527.8)
Cash, cash equivalents and restricted cash at beginning of period 209.6 748.4
Cash, cash equivalents and restricted cash at end of period $ 158.6 $ 220.6