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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 29, 2024
Jul. 01, 2023
Net Cash Provided by (Used in) Operating Activities, Continuing Operations [Abstract]    
Net income $ 41,173 $ 2,170
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 14,563 15,121
Amortization 1,280 4,766
Reduction in the carrying amount of right-of-use assets 3,195 3,914
Stock-based compensation expense 20,614 18,494
Deferred income tax benefit (10,181) (3,639)
Provision for excess and obsolete inventories 6,277 8,628
Gain on sale of business (20,581) 0
Other adjustments to reconcile net income to net cash provided by operating activities 344 1,801
Changes in assets and liabilities:    
Accounts receivable (10,833) (6,830)
Inventories (14,469) (5,880)
Prepaid expenses and other current assets 2,094 (1,099)
Other assets 14 (83)
Accounts payable 2,317 3,578
Accrued liabilities 10,244 (10,606)
Other liabilities 7,316 456
Deferred revenues 4,940 (9,945)
Deferred grant 0  
Operating lease liabilities (3,417) (4,065)
Net cash provided by operating activities 54,890 34,781
Net Cash Provided by (Used in) Investing Activities, Continuing Operations [Abstract]    
Acquisition of property, plant and equipment (21,834) (40,177)
Proceeds from sale of business 21,585 0
Purchases of marketable securities (78,524) (66,650)
Proceeds from maturities and sales of marketable securities 68,813 58,363
Net cash used in investing activities (9,960) (48,464)
Cash flows from financing activities:    
Proceeds from issuances of common stock 4,948 5,024
Purchase of common stock through stock repurchase program (20,271) 0
Tax withholdings related to net share settlements of equity awards (3,569) (456)
Payments on term loan (534) (519)
Net cash provided by (used in) financing activities (19,426) 4,049
Effect of exchange rate changes on cash, cash equivalents and restricted cash (2,826) (1,958)
Net increase (decrease) in cash, cash equivalents and restricted cash 22,678 (11,592)
Cash, cash equivalents and restricted cash, beginning of year 181,273 112,982
Cash, cash equivalents and restricted cash, end of year 203,951 101,390
Non-cash investing and financing activities:    
Decrease in accounts payable and accrued liabilities related to property, plant and equipment purchases 3,388 9,187
Operating lease, right-of-use assets obtained in exchange for lease obligations 0 3,635
Supplemental disclosure of cash flow information:    
Cash paid for income taxes, net 6,924 9,427
Cash paid for interest 201 212
Operating cash outflows from operating leases 4,563 4,514
Reconciliation of cash, cash equivalents and restricted cash:    
Cash and cash equivalents 195,914 97,981
Restricted cash, current 5,939 1,144
Restricted cash 2,098 2,265
Total cash, cash equivalents and restricted cash $ 203,951 $ 101,390