XML 20 R6.htm IDEA: XBRL DOCUMENT v3.20.4
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 12 Months Ended
Dec. 26, 2020
Dec. 31, 2019
Dec. 31, 2018
Cash flows from operating activities:      
Net income $ 31,025 $ 1,910 $ 45,096
Adjustments to reconcile net income to net cash and cash equivalents provided by operating activities:      
Depreciation 13,832 5,965 4,848
Amortization of intangibles 53,746 10,445 1,534
Share-based compensation 17,662 10,585 6,062
Acquired inventory step-up amortization 10,678 15,370  
Provision for inventory valuation 14,703 10,841 3,042
Deferred income taxes (11,631) (4,116) 2,163
Other, net 4,711 2,459 1,558
Change in operating assets and liabilities net of assets acquired and liabilities assumed in merger:      
Accounts receivable (25,816) (9,721) 706
Income taxes (1,196) 7,648 1,056
Inventories (42,409) (9,338) (31,545)
Prepaid expenses and other assets 11,409 (5,079) (3,101)
Accounts payable 11,403 (12,138) 3,512
Accrued and other liabilities 17,867 (6,685) 163
Net cash and cash equivalents provided by operating activities 105,984 18,146 35,094
Cash flows from investing activities:      
Purchases of marketable securities (313,027) (127,462) (140,018)
Proceeds from sales of marketable securities 265,409 94,486 186,332
Purchases of property, plant and equipment (3,829) (6,802) (7,542)
Cash acquired from merger   43,882  
Cash received from (advanced on) convertible note receivable 2,848   (5,000)
Net cash and cash equivalents provided by (used in) investing activities (48,599) 4,104 33,772
Cash flows from financing activities:      
Purchases of common stock (52,000) (744) (21,069)
Tax payments related to shares withheld for share-based compensation plans (4,052) (2,540) (1,921)
Payment of contingent consideration for acquired business (569) (1,758) (1,543)
Issuance of shares through share-based compensation plans 2,919 844 624
Net cash and cash equivalents used in financing activities (53,702) (4,198) (23,909)
Effect of exchange rate changes on cash and cash equivalents 2,364 233 (339)
Net increase in cash and cash equivalents 6,047 18,285 44,618
Cash and cash equivalents at beginning of year 130,673 112,388 67,770
Cash and cash equivalents at end of year 136,720 130,673 112,388
Supplemental disclosure of cash flow information:      
Income taxes paid (received), net $ 6,415 $ (3,848) $ 4,301