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Unaudited Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 9 Months Ended
Sep. 29, 2024
Oct. 01, 2023
Cash flows from operating activities:    
Net income (loss) $ 21,249 $ (103,098)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Depreciation and amortization 4,761 5,491
Stock-based compensation 16,052 13,637
Gain on investments, net (2,971) (2,301)
Intangibles impairment 0 1,071
Deferred income taxes 254 82,205
Provision for excess and obsolete inventory 5,084 2,705
Changes in assets and liabilities:    
Accounts receivable, net 7,733 76,585
Inventories 81,790 15,990
Prepaid expenses and other assets 3,146 (3,020)
Accounts payable 4,727 (38,443)
Accrued employee compensation (1,322) (4,952)
Other accrued liabilities (9,608) (46,929)
Deferred revenue 3,073 4,771
Income taxes payable 9,347 (3,130)
Net cash provided by operating activities 143,315 582
Cash flows from investing activities:    
Purchases of short-term investments (107,454) (97,291)
Proceeds from maturities of short-term investments 90,290 85,006
Purchases of property and equipment (6,502) (3,601)
Purchases of long-term investments (225) (585)
Net cash used in investing activities (23,891) (16,471)
Cash flows from financing activities:    
Repurchases of common stock (22,917) 0
Restricted stock unit withholdings (3,330) (2,742)
Proceeds from exercise of stock options 308  
Proceeds from issuance of common stock under employee stock purchase plan 3,565 3,590
Net cash (used in) provided by financing activities (22,374) 848
Net increase (decrease) in cash and cash equivalents 97,050 (15,041)
Cash and cash equivalents, at beginning of period 176,717 146,500
Cash and cash equivalents, at end of period 273,767 131,459
Non-cash investing and financing activities:    
Unpaid property and equipment $ 1,112 $ 1,055