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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 6 Months Ended
Jun. 29, 2024
Jul. 01, 2023
Operating activities:    
Net income (loss) $ (7,855) $ 18,971
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Stock-based compensation 32,315 34,064
Depreciation and amortization 9,988 7,915
Deferred income taxes (5,284) 884
Net accretion of available-for-sale securities (2,716) (1,897)
Changes in operating assets and liabilities:    
Accounts receivable, net 43,962 (3,176)
Inventory 19,500 (4,234)
Prepaid expenses and other assets 6,420 (26,123)
Accounts payable (23,424) (6,305)
Accrued liabilities (26,787) (502)
Deferred revenue (7,300) 8,626
Other long-term liabilities (1,781) (2,647)
Net cash provided by operating activities 37,038 25,576
Investing activities    
Purchases of property and equipment (9,661) (10,107)
Purchases of marketable securities (148,897) (105,888)
Sales of marketable securities 48,734 0
Maturities of marketable securities 82,805 97,223
Net cash used in investing activities (27,019) (18,772)
Financing activities:    
Proceeds from common stock issuances related to employee benefit plans 14,834 18,284
Repurchases of common stock (3,738) (10,000)
Payments related to financing arrangements 0 (4,088)
Net cash provided by financing activities 11,096 4,196
Effect of exchange rate changes on cash and cash equivalents (38) 114
Net increase in cash and cash equivalents 21,077 11,114
Cash and cash equivalents at beginning of period 63,409 79,073
Cash and cash equivalents at end of period $ 84,486 $ 90,187