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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Jan. 02, 2021
Dec. 28, 2019
Cash flows from operating activities    
Net income $ 132,292 $ 70,775
Adjustments to reconcile net income to net cash provided by operating activities    
Depreciation and amortization 7,982 9,105
Stock-based compensation expense 14,844 13,204
Other (1,050) 1,471
Deferred income taxes 12 51
Foreign currency transaction gain (1,633) (1,924)
Changes in operating assets and liabilities:    
Accounts receivable, net (56,650) (31,411)
Inventories 93,495 107,343
Other assets (7,330) (11,853)
Accounts payable and accrued expenses 33,271 (39,416)
Accrued compensation (15,481) (14,568)
Deferred revenue 5,633 4,879
Other liabilities 9,128 11,184
Net cash provided by operating activities 214,513 118,840
Cash flows from investing activities    
Purchases of property and equipment, intangible and other assets (11,333) (15,914)
Cash paid for acquisition, net of acquired cash 0 (35,622)
Net cash used in investing activities (11,333) (51,536)
Cash flows from financing activities    
Repayments of borrowings 0 (1,667)
Payments for repurchase of common stock 0 (5,078)
Proceeds from exercise of common stock options 69,505 7,969
Payments for repurchase of common stock related to shares withheld for tax in connection with vesting of restricted stock units (5,118) 0
Net cash provided by financing activities 64,387 1,224
Effect of exchange rate changes on cash, cash equivalents and restricted cash 3,174 1,254
Net increase in cash, cash equivalents and restricted cash 270,741 69,782
Cash, cash equivalents and restricted cash    
Beginning of period 407,291 338,820
End of period 678,032 408,602
Supplemental disclosure    
Cash paid for interest 166 472
Cash paid for taxes, net of refunds 2,672 517
Cash paid for amounts included in the measurement of lease liabilities 8,102 4,304
Supplemental disclosure of non-cash investing and financing activities    
Purchases of property and equipment in accounts payable and accrued expenses 7,814 7,908
Right-of-use assets obtained in exchange for new operating lease liabilities $ 1,509 $ 74,683