XML 22 R6.htm IDEA: XBRL DOCUMENT v3.24.1.u1
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Mar. 30, 2024
Apr. 01, 2023
Cash flows from operating activities    
Net income (loss) $ 11,238 $ 44,537
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 23,121 22,845
Restructuring and abandonment charges 266 4,846
Stock-based compensation expense 43,031 41,220
Provision for inventory obsolescence 5,293 10,059
Other 2,188 3,173
Deferred income taxes (31) 1,358
Foreign currency transaction gains (3,441) (14,126)
Changes in operating assets and liabilities:    
Accounts receivable (2,793) 16,932
Inventories 161,683 118,032
Other assets (15,169) 5,481
Accounts payable and accrued expenses (89,151) (186,194)
Accrued compensation 16,040 6,108
Deferred revenue 1,857 (4,484)
Other liabilities 10,025 (463)
Net cash provided by operating activities 164,157 69,324
Cash flows from investing activities    
Purchases of marketable securities (45,280) 0
Purchases of property and equipment (16,263) (23,403)
Net cash used in investing activities (61,543) (23,403)
Cash flows from financing activities    
Payments for repurchase of common stock (76,250) (30,054)
Proceeds from exercise of common stock options 11,905 17,584
Payments for repurchase of common stock related to shares withheld for tax in connection with vesting of stock awards (13,242) (18,199)
Net cash used in financing activities (77,587) (30,669)
Effect of exchange rate changes on cash and cash equivalents 704 4,766
Net increase in cash and cash equivalents 25,731 20,018
Cash and cash equivalents    
Beginning of period 220,231 274,855
End of period 245,962 294,873
Supplemental disclosure    
Cash paid for interest 134 330
Cash paid for taxes, net of refunds 12,247 6,399
Cash paid for amounts included in the measurement of lease liabilities 6,670 7,219
Supplemental disclosure of non-cash investing and financing activities    
Purchases of property and equipment in accounts payable and accrued expenses 7,582 8,393
Right-of-use assets obtained in exchange for new operating lease liabilities $ 7,637 $ 711