XML 14 R7.htm IDEA: XBRL DOCUMENT v3.26.1
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Apr. 03, 2026
Apr. 04, 2025
Cash flows from operating activities:    
Net income $ 29,569 $ 26,650
Adjustments to reconcile net income to net cash used in operating activities:    
Depreciation and amortization of property, equipment and leasehold improvements 2,515 2,492
Provision for contract losses and doubtful accounts 268 256
Stock-based compensation 9,058 8,179
Deferred income tax provision 3,164 (3,226)
Changes in operating assets and liabilities:    
Accounts receivable (16,097) (5,637)
Prepaid expenses and other current assets (4,755) (3,331)
Change in operating leases 1,129 454
Accounts payable and accrued liabilities 6,100 11,595
Accrued payroll and employee benefits (28,626) (27,571)
Deferred revenues (3,300) (2,587)
Net cash (used in) provided by operating activities (975) 7,274
Cash flows from investing activities:    
Capital expenditures (2,453) (1,754)
Net cash used in investing activities (2,453) (1,754)
Cash flows from financing activities:    
Payroll taxes for restricted stock units (5,113) (4,166)
Repurchase of common stock (78,761)  
Exercise of stock-based payment awards 777 484
Dividends and dividend equivalents rights (16,583) (16,367)
Net cash used in financing activities (99,680) (20,049)
Effect of foreign currency exchange rates on cash and cash equivalents (269) 741
Net decrease in cash and cash equivalents (103,377) (13,788)
Cash and cash equivalents at beginning of period 221,930 258,901
Cash and cash equivalents at end of period $ 118,553 $ 245,113