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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Jun. 29, 2024
Jul. 01, 2023
Cash flows from operating activities    
Net income (loss) $ 14,947 $ 20,966
Adjustments to reconcile net income to net cash provided by operating activities:    
Stock-based compensation expense 64,961 59,549
Depreciation and amortization 35,154 35,054
Provision for inventory obsolescence 2,005 14,964
Restructuring and abandonment charges 266 5,125
Deferred income taxes 819 1,569
Other 2,973 4,270
Foreign currency transaction gains (2,750) (12,698)
Changes in operating assets and liabilities:    
Accounts receivable (64,218) (13,934)
Inventories 189,613 141,054
Other assets (15,285) 9,375
Accounts payable and accrued expenses (16,942) (204,012)
Accrued compensation 10,251 20,640
Deferred revenue 1,685 (4,093)
Other liabilities 4,161 382
Net cash provided by operating activities 227,640 78,211
Cash flows from investing activities    
Purchases of marketable securities (68,676) 0
Purchases of property and equipment (39,477) (40,085)
Maturities of marketable securities 20,000 0
Net cash used in investing activities (88,153) (40,085)
Cash flows from financing activities    
Payments for repurchase of common stock (128,739) (45,063)
Payments for repurchase of common stock related to shares withheld for tax in connection with vesting of stock awards (20,757) (23,914)
Proceeds from exercise of common stock options 16,312 20,042
Net cash used in financing activities (133,184) (48,935)
Effect of exchange rate changes on cash and cash equivalents 580 4,240
Net increase (decrease) in cash and cash equivalents 6,883 (6,569)
Cash and cash equivalents    
Beginning of period 220,231 274,855
End of period 227,114 268,286
Supplemental disclosure    
Cash paid for interest 195 780
Cash paid for taxes, net of refunds 17,134 5,217
Cash paid for amounts included in the measurement of lease liabilities 9,637 10,599
Supplemental disclosure of non-cash investing and financing activities    
Purchases of property and equipment in accounts payable and accrued expenses 9,910 7,129
Right-of-use assets obtained in exchange for new operating lease liabilities 11,277 31,547
Change in estimate of asset retirement obligations $ 0 $ 2,185