v3.26.1
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 6 Months Ended
Jul. 05, 2026
Jun. 29, 2025
Cash flows from operating activities:    
Net income $ 124,460 $ 64,114
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Stock-based compensation expense 23,145 22,233
Depreciation of property, plant, and equipment 9,294 10,627
Amortization of intangible assets 4,821 5,306
Excess and obsolete inventory charges 1,121 710
Loss on sale of business, net of transaction costs 1,539 0
Deferred income taxes 5,096 (6,193)
Other adjustments (673) (362)
Accounts receivable (68,496) (38,132)
Unbilled revenue 4,326 901
Inventories (7,715) 12,944
Prepaid expenses and other current assets (14,937) (2,364)
Accounts payable 14,809 3,575
Accrued expenses (8,582) 2,340
Accrued income taxes 55 (20,602)
Deferred revenue and customer deposits 27,598 27,399
Other (1,615) 631
Net cash provided by (used in) operating activities 114,246 83,127
Cash flows from investing activities:    
Purchases of investments (132,923) (214,754)
Maturities and sales of investments 56,000 248,570
Net proceeds from sale of business, net of direct costs 11,519 0
Purchases of property, plant, and equipment, net of proceeds (4,289) (4,695)
Net cash provided by (used in) investing activities (69,693) 29,121
Cash flows from financing activities:    
Net payments from issuance of common stock under stock plans 132,698 (2,412)
Repurchase of common stock (105,231) (102,233)
Payment of excise tax on prior year common stock repurchases (1,151) 0
Payment of dividends (28,454) (26,981)
Net cash provided by (used in) financing activities (2,138) (131,626)
Effect of foreign exchange rate changes on cash and cash equivalents (2,819) 12,595
Net change in cash and cash equivalents 39,596 (6,783)
Cash and cash equivalents at beginning of period 262,925 186,094
Cash and cash equivalents at end of period $ 302,521 $ 179,311