XML 16 R7.htm IDEA: XBRL DOCUMENT v3.22.2.2
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 9 Months Ended
Sep. 30, 2022
Oct. 01, 2021
Cash flows from operating activities:    
Net income $ 32,902 $ 19,579
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation of property, plant, and equipment 3,101 2,671
Amortization of intangibles 22 26
Accretion/Amortization of investments available for sale (307)  
Deferred income taxes 23 845
Change in net pension liability 40 91
Loss on disposal of property and equipment   2
Stock-based compensation expense 15,375 10,985
Provision for sales returns and bad debts 361 1,069
Inventory provision 2,020 1,097
Changes in working capital:    
Accounts receivable (13,108) (7,072)
Inventories (4,123) 1,301
Prepayments, deposits, and other current assets 526 1,288
Accounts payable (1,834) (40)
Other current liabilities (2,253) 3,622
Net cash provided by operating activities 32,745 35,464
Cash flows from investing activities:    
Acquisition of property and equipment (14,083) (8,956)
Purchase of investments available for sale (95,576)  
Net cash used in investing activities (109,659) (8,956)
Cash flows from financing activities:    
Repayment of finance lease obligations (85) (314)
Proceeds from the exercise of stock options 8,179 18,322
Proceeds from vested restricted stock 1 1
Net cash provided by financing activities 8,095 18,009
Effect of exchange rate changes on cash and cash equivalents (1,645) (724)
Increase (decrease) in cash and cash equivalents (70,464) 43,793
Cash and cash equivalents, at beginning of the period 199,706 152,453
Cash and cash equivalents, at end of the period $ 129,242 $ 196,246