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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 6 Months Ended
Jul. 03, 2021
Jun. 27, 2020
Cash flows from operating activities:    
Net income (loss) $ 157,799 $ (70,538)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Depreciation of property, plant, and equipment 44,613 43,774
Amortization of intangible assets 1,866 1,858
Provisions for excess and obsolete inventory 1,451 23,058
Goodwill impairment 0 17,742
Intangible asset impairments 0 26,500
Other asset impairments and loss on disposal of property, plant and equipment, net of recoveries 2,056 7,332
Amortization of debt issuance costs 1,497 916
Stock-based compensation expense 12,322 6,485
Unrealized foreign currency exchange loss, net 61 1,621
Provisions for doubtful accounts receivable from customers 1,206 3,036
Unrealized (gain) loss on investments (1,279) 1,904
Deferred income taxes expense (benefit) 5,817 (10,559)
Effect of changes in operating assets and liabilities:    
Accounts receivable 21,620 80,566
Finished goods inventories (19,663) (106,922)
Prepaid expenses and other assets (8,724) (4,156) [1]
Accounts payable and other liabilities (171,119) 214,796
Net cash provided by operating activities 49,523 237,413
Cash flows from investing activities:    
Capital expenditures (20,506) (16,708)
Proceeds from sale of investments 5,000 1,400 [1]
Net cash used in investing activities (15,506) (15,308)
Cash flows from financing activities:    
Proceeds from senior notes due 2025 0 500,000
Payment of debt issuance costs (223) (7,639)
Borrowings under secured revolving credit facility 0 644,000
Payments on secured revolving credit facility 0 (500,000)
Repurchases of common stock 0 (45,255)
Dividends paid (17,596) (26,260)
Withholdings from vesting of restricted stock (3,698) (4,789)
Proceeds from exercises of stock options 5,147 2,916
Net cash (used in) provided by financing activities (16,370) 562,973
Net effect of exchange rate changes on cash and cash equivalents 931 1,192
Net increase in cash and cash equivalents 18,578 786,270
Cash and cash equivalents, beginning of period 1,102,323 214,311
Cash and cash equivalents, end of period $ 1,120,901 $ 1,000,581
[1] Cash flows for the two fiscal quarters ended June 27, 2020 were revised to reflect the reclassification of $1.4 million proceeds from sale of investments from cash flows from operating activities to cash flows from investing activities.