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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 12 Months Ended
Jan. 01, 2022
Jan. 02, 2021
Dec. 28, 2019
Cash flows from operating activities:      
Net income $ 339,748 $ 109,717 $ 263,802
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation on property, plant, and equipment 90,378 90,284 92,207
Amortization of intangible assets 3,730 3,715 3,747
Provisions for (recoveries of) excess and obsolete inventory, net [1] 4,042 4,866 (5,791)
Goodwill impairment 0 17,742 0
Impairment of Intangible Assets, Indefinite-lived (Excluding Goodwill) 0 26,500 30,800
Other asset impairments and loss on disposal of property, plant and equipment, net of recoveries 213 11,374 452
Amortization of debt issuance costs 3,052 2,372 1,437
Stock-based compensation expense 21,029 12,830 16,529
Unrealized foreign currency exchange loss (gain), net 371 361 (564)
Accounts Receivable, Credit Loss Expense (Reversal) 1,345 6,072 (220)
Loss on extinguishment of debt 0 0 7,823
Unrealized gains on investments (2,279) (1,974) (3,977)
Deferred Income Tax Expense (Benefit) (13,532) (23,254) (13,300)
Effect of changes in operating assets and liabilities:      
Accounts receivable (46,480) 58,275 8,121
Finished goods inventories [1] (52,914) (8,063) (10,892)
Prepaid expenses and other assets 6,866 (8,558) (9,782)
Accounts payable and other liabilities (87,311) 286,235 6,823
Net cash provided by operating activities 268,258 588,494 387,215
Cash flows from investing activities:      
Capital expenditures (37,442) (32,871) (61,419)
Proceeds from sale of investments [2] 5,000 1,400 0
Disposals and recoveries from property, plant, and equipment 0 0 749
Net cash used in investing activities (32,442) (31,471) (60,670)
Cash flows from financing activities:      
Proceeds from senior notes due 2025 0 500,000 0
Proceeds from senior notes due 2027 0 0 500,000
Payment of senior notes due 2021 0 0 (400,000)
Premiums paid to extinguish debt 0 0 (5,252)
Payments of debt issuance costs (223) (7,639) (5,793)
Borrowings under secured revolving credit facility 0 644,000 265,000
Payments on secured revolving credit facility 0 (744,000) (361,000)
Repurchase of common stock (299,339) (45,255) (196,910)
Dividends paid (60,124) (26,260) (89,591)
Withholdings from vesting of restricted stock (4,019) (5,011) (4,328)
Proceeds from exercise of stock options 10,995 9,008 14,490
Net cash (used in) provided by financing activities (352,710) 324,843 (283,384)
Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents (1,135) 6,146 1,073
Net (decrease) increase in cash and cash equivalents (118,029) 888,012 44,234
Cash and cash equivalents, beginning of fiscal year 1,102,323 214,311 170,077
Cash and cash equivalents, end of fiscal year $ 984,294 $ 1,102,323 $ 214,311
[1] Cash flows for fiscal 2019 were revised to reflect the reclassification of $11.6 million related to the recoveries of excess and obsolete inventory.
[2] Cash flows for fiscal 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.