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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 6 Months Ended
Jul. 02, 2022
Jul. 03, 2021
Cash flows from operating activities:    
Net income $ 104,903 $ 157,799
Adjustments to reconcile net income to net cash (used in) provided by operating activities:    
Depreciation of property, plant, and equipment 29,838 44,613
Amortization of intangible assets 1,865 1,866
Provisions for excess and obsolete inventory 3,709 1,451
Other asset impairments and loss on disposal of property, plant and equipment, net of recoveries 246 2,056
Amortization of debt issuance costs 1,173 1,497
Stock-based compensation expense 12,218 12,322
Unrealized foreign currency exchange (gain) loss, net (32) 61
(Recoveries of) provisions for doubtful accounts receivable from customers (1,520) 1,206
Unrealized loss (gain) on investments 1,867 (1,279)
Loss on extinguishment of debt 19,940 0
Deferred income taxes expense 4,762 5,817
Other 1,019 0
Effect of changes in operating assets and liabilities:    
Accounts receivable 48,973 21,620
Finished goods inventories (215,519) (19,663)
Prepaid expenses and other assets (32,308) (8,724)
Accounts payable and other liabilities (74,729) (171,119)
Net cash (used in) provided by operating activities (93,595) 49,523
Cash flows from investing activities:    
Capital expenditures (16,313) (20,506)
Proceeds from sale of investments 0 5,000
Net cash used in investing activities (16,313) (15,506)
Cash flows from financing activities:    
Payment of senior notes due 2025 (500,000) 0
Premiums paid to extinguish debt (15,678) 0
Payment of debt issuance costs (2,420) (223)
Borrowings under secured revolving credit facility 120,000 0
Repurchases of common stock (176,306) 0
Dividends paid (60,460) (17,596)
Withholdings from vesting of restricted stock (6,681) (3,698)
Proceeds from exercises of stock options 311 5,147
Other (321) 0
Net cash used in financing activities (641,555) (16,370)
Net effect of exchange rate changes on cash and cash equivalents (1,492) 931
Net (decrease) increase in cash and cash equivalents (752,955) 18,578
Cash and cash equivalents, beginning of period 984,294 1,102,323
Cash and cash equivalents, end of period $ 231,339 $ 1,120,901