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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 29, 2025
Mar. 30, 2024
Cash flows from operating activities:    
Net (loss) income $ (170,700) $ 18,900
Loss from discontinued operations, net of tax (217,900) (13,200)
Net income from continuing operations 47,200 32,100
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Depreciation and amortization 8,600 10,000
Stock-based compensation expense 9,100 8,700
Gain on disposal of equipment, intangibles and other assets (100) 0
Provision for credit losses 300 100
Provision for deferred income taxes 5,900 0
Amortization of debt issuance cost 500 500
Changes in operating assets and liabilities:    
(Increase) decrease in trade accounts receivable (2,900) (14,600)
(Increase) decrease in related party receivable (500) 0
(Increase) decrease in inventories (6,600) 2,800
(Increase) decrease in other current assets 5,500 10,300
(Increase) decrease in lease receivable, net (600) 700
(Increase) decrease in deferred costs and other contract assets 700 (600)
(Increase) decrease in other non-current assets 4,400 (2,700)
Increase (decrease) in accounts payable (6,100) (7,800)
Increase (decrease) in accrued compensation (17,000) 5,000
Increase (decrease) in accrued liabilities (8,100) (4,100)
Increase (decrease) in income tax payable 200 (1,000)
Increase (decrease) in deferred revenue and other contract-related liabilities (1,900) (3,300)
Increase (decrease) in other non-current liabilities (700) 2,500
Net cash provided by (used in) operating activities from continuing operations 37,900 38,600
Net cash provided by (used in) operating activities from discontinued operations (6,800) 7,200
Net cash provided by (used in) operating activities 31,100 45,800
Cash flows from investing activities:    
Purchases of property and equipment (2,600) (6,100)
Proceeds from sale of property and equipment 19,600 0
Increase in intangible assets (1,500) (4,600)
Other strategic investing activities 0 (100)
Net cash provided by (used in) investing activities from continuing operations 15,500 (10,800)
Net cash provided by (used in) investing activities from discontinued operations (4,800) (8,100)
Net cash provided by (used in) investing activities 10,700 (18,900)
Cash flows from financing activities:    
Borrowings under line of credit 0 64,000
Repayments on line of credit (78,800) (91,900)
Proceeds from issuance of common stock 43,100 7,100
Payroll tax withholdings on behalf of employees for vested equity awards (11,300) (5,300)
Net cash provided by (used in) financing activities from continuing operations (47,000) (26,100)
Net cash provided by (used in) financing activities from discontinued operations (800) (400)
Net cash provided by (used in) financing activities (47,800) (26,500)
Effect of foreign currency exchange rates on cash 1,100 (4,600)
Net decrease in cash, cash equivalents and restricted cash (4,900) (4,200)
Cash, cash equivalents and restricted cash at beginning of period 181,400 168,200
Cash, cash equivalents and restricted cash at end of period $ 176,500 $ 164,000