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v3.20.2

Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands | 9 Months Ended
--- | ---
Sep. 26, 2020 | Sep. 28, 2019
Cash flows from operating activities: |  |
Net income | $ 133,733 | $ 65,259
Adjustments to reconcile net income to net cash provided by (used in) operating activities, net of the effects of acquisition: |  |
Depreciation and amortization | 25,705 | 27,744
Debt and Equity Securities, Unrealized Gain (Loss) | (43,480) | 0
Stock-based compensation | 20,904 | 18,742
Deferred income taxes, net | 10,939 | (5,873)
Other | 4,785 | 4,687
Changes in operating assets and liabilities — (use) source |  |
Accounts receivable | (32,572) | (10,948)
Inventory | (61,006) | (83,863)
Other assets | (20,718) | (8,155)
Accounts payable | 46,098 | (27,256)
Accrued expenses and other liabilities | 12,358 | (11,916)
Net cash provided by (used in) operating activities | 96,746 | (31,579)
Cash flows from investing activities: |  |
Additions of property and equipment | (25,031) | (27,080)
Change in other assets | (3,729) | (5,336)
Cash paid for business acquisition, net of cash acquired | 0 | (2,817)
Sales and maturities of investments | 10,500 | 9,380
Net cash used in investing activities | (18,260) | (25,853)
Cash flows from financing activities: |  |
Proceeds from employee stock plans | 4,048 | 4,981
Income tax withholding payment associated with restricted stock vesting | (1,845) | (7,277)
Stock repurchases | 25,000 | 0
Net cash used in financing activities | (22,797) | (2,296)
Effect of exchange rate changes on cash and cash equivalents | 2,125 | (103)
Net increase (decrease) in cash and cash equivalents | 57,814 | (59,831)
Cash and cash equivalents, at beginning of period | 239,392 | 130,373
Cash and cash equivalents, at end of period | $ 297,206 | $ 70,542

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