XML 16 R7.htm IDEA: XBRL DOCUMENT v3.23.1
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 3 Months Ended 12 Months Ended
Apr. 01, 2023
Mar. 26, 2022
Dec. 31, 2022
Cash flows from operating activities:      
Net income $ 1,342 $ 29,872  
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation 7,576 6,960  
Amortization 2,378 2,369  
Reduction in the carrying amount of right-of-use assets 1,690 2,492  
Stock-based compensation expense 9,290 7,520  
Provision for excess and obsolete inventories 4,973 2,501  
Other adjustments to reconcile net income to net cash provided by operating activities 133 182  
Changes in assets and liabilities:      
Accounts receivable (15,926) 966  
Inventories 1,375 (17,080)  
Prepaid expenses and other current assets 1,009 (144)  
Other assets (55) (73)  
Accounts payable (1,819) 10,150  
Accrued liabilities (10,209) (3,120)  
Other liabilities 319 87  
Deferred revenues (6,046) 3,908  
Deferred grant 18,000   $ 0
Operating lease liabilities (1,721) (2,435)  
Net cash provided by operating activities 12,309 44,155  
Cash flows from investing activities:      
Acquisition of property, plant and equipment (19,701) (15,606)  
Purchases of marketable securities (27,311) (23,462)  
Proceeds from maturities and sales of marketable securities 33,473 17,990  
Net cash used in investing activities (13,539) (21,078)  
Cash flows from financing activities:      
Proceeds from issuances of common stock 5,024 5,687  
Purchase of common stock through stock repurchase program 0 (9,397)  
Tax withholdings related to net share settlements of equity awards (387) (72)  
Principal repayments on term loans (259) (2,234)  
Net cash provided by (used) in financing activities 4,378 (6,016)  
Effect of exchange rate changes on cash, cash equivalents and restricted cash (276) (1,142)  
Net increase in cash, cash equivalents and restricted cash 2,872 15,919  
Cash, cash equivalents and restricted cash, beginning of period 112,982 155,342 155,342
Cash, cash equivalents and restricted cash, end of period 115,854 171,261 112,982
Non-cash investing and financing activities:      
Decrease in accounts payable and accrued liabilities related to property, plant and equipment purchases 3,755 2,524  
Operating lease, right-of-use assets obtained in exchange for lease obligations 727 3,359  
Supplemental disclosure of cash flow information:      
Cash paid for income taxes, net 7,391 890  
Cash paid for interest 106 163  
Operating cash outflows from operating leases 2,191 2,094  
Reconciliation of cash, cash equivalents and restricted cash:      
Cash and cash equivalents 112,360 167,182 109,130
Restricted cash, current 1,207 2,026  
Restricted cash, non-current 2,287 2,053  
Total cash, cash equivalents and restricted cash $ 115,854 $ 171,261 $ 112,982