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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Dec. 30, 2023
Dec. 31, 2022
Cash flows from operating activities    
Net income $ 80,947 $ 75,188
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 11,878 11,132
Restructuring and abandonment charges 260  
Stock-based compensation expense 19,358 20,195
Provision for inventory obsolescence 5,837 5,204
Other 1,236 1,593
Deferred income taxes (45) 167
Foreign currency transaction gains (7,388) (17,700)
Changes in operating assets and liabilities:    
Accounts receivable (12,215) (7,286)
Inventories 167,641 143,144
Other assets (12,878) 2,463
Accounts payable and accrued expenses (7,429) (65,917)
Accrued compensation 5,988 2,249
Deferred revenue 3,660 (3,950)
Other liabilities 18,551 15,804
Net cash provided by operating activities 275,401 182,286
Cash flows from investing activities    
Purchases of property and equipment (6,077) (14,689)
Net cash used in investing activities (6,077) (14,689)
Cash flows from financing activities    
Payments for repurchase of common stock (23,484) (15,043)
Proceeds from exercise of common stock options 3,538 8,103
Payments for repurchase of common stock related to shares withheld for tax in connection with vesting of stock awards (3,745) (8,376)
Net cash used in financing activities (23,691) (15,316)
Effect of exchange rate changes on cash and cash equivalents 1,478 4,397
Net increase in cash and cash equivalents 247,111 156,678
Cash and cash equivalents    
Beginning of period 220,231 274,855
End of period 467,342 431,533
Supplemental disclosure    
Cash paid for interest 58 111
Cash paid for taxes, net of refunds 3,684 1,903
Cash paid for amounts included in the measurement of lease liabilities 2,601 2,190
Supplemental disclosure of non-cash investing and financing activities    
Purchases of property and equipment in accounts payable and accrued expenses 6,141 $ 2,030
Right-of-use assets obtained in exchange for new operating lease liabilities $ 7,637