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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 12 Months Ended
Dec. 30, 2023
Dec. 31, 2022
Jan. 01, 2022
Cash flows from operating activities:      
Net income $ 232,500 $ 250,038 $ 339,748
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation of property, plant, and equipment 60,407 61,543 90,378
Amortization of intangible assets 3,732 3,733 3,730
(Recoveries of) provisions for excess and obsolete inventory, net (10,439) 5,039 4,042
Intangible asset impairment 0 9,000 0
Gain on partial termination of corporate lease (4,366) 0 0
Other asset impairments and loss on disposal of property, plant and equipment, net of recoveries 3,078 372 213
Amortization of debt issuance costs 1,586 1,950 3,052
Stock-based compensation expense 19,463 21,879 21,029
Unrealized foreign currency exchange (gain) loss, net (207) (78) 371
Provisions for doubtful accounts receivable from customers 471 75 1,345
Loss on extinguishment of debt 0 19,940 0
Unrealized (gain) loss on investments (2,237) 2,475 (2,279)
Deferred income tax benefit (600) (740) (13,532)
Other 0 919 0
Effect of changes in operating assets and liabilities:      
Accounts receivable 15,453 32,683 (46,480)
Finished goods inventories 222,920 (106,763) (52,914)
Prepaid expenses and other assets 4,317 14,897 20,665
Accounts payable and other liabilities (16,946) (228,601) (101,110)
Net cash provided by operating activities 529,132 88,361 268,258
Cash flows from investing activities:      
Capital expenditures (59,860) (40,364) (37,442)
Proceeds from sale of investments 0 0 5,000
Net cash used in investing activities (59,860) (40,364) (32,442)
Cash flows from financing activities:      
Payment of senior notes due 2025 0 (500,000) 0
Premiums paid to extinguish debt 0 (15,678) 0
Payments of debt issuance costs 0 (2,420) (223)
Borrowings under secured revolving credit facility 70,000 240,000 0
Payments on secured revolving credit facility (190,000) (120,000) 0
Repurchases of common stock (100,034) (299,667) (299,339)
Dividends paid (112,005) (118,113) (60,124)
Withholdings from vesting of restricted stock (5,024) (6,930) (4,019)
Proceeds from exercise of stock options 4,418 4,457 10,995
Other 0 (919) 0
Net cash used in financing activities (332,645) (819,270) (352,710)
Net effect of exchange rate changes on cash and cash equivalents 2,838 (1,273) (1,135)
Net increase (decrease) in cash and cash equivalents 139,465 (772,546) (118,029)
Cash and cash equivalents, beginning of fiscal year 211,748 984,294 1,102,323
Cash and cash equivalents, end of fiscal year $ 351,213 $ 211,748 $ 984,294