v3.26.1
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jul. 03, 2026
Jun. 27, 2025
Cash flows from operating activities:    
Net income (loss) $ 13,264 $ (71,023)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:    
Depreciation of property, plant, and equipment 4,497 4,312
Amortization of cloud-based software 1,053 200
Non-cash operating lease expense 1,773 1,866
Impairment of fixed assets and operating lease right-of-use assets   14,593
Accretion/Amortization of investments available for sale (255) (139)
Deferred income taxes 3,134 (10,624)
Change in net pension liability 47 (2)
Loss on disposal of property and equipment 1  
Stock-based compensation expense 11,383 13,817
Provision for sales returns and credit losses 6,694 (1,818)
Inventory provision 1,776 2,499
Changes in working capital:    
Accounts receivable (49,230) 43,859
Inventories 6,840 (11,205)
Prepayments, deposits, and other assets 5,443 637
Cloud-based software (5,046) (7,101)
Accounts payable 1,737 (5,424)
Other current and non-current liabilities (5,116) (7,430)
Net cash used in operating activities (2,005) (32,983)
Cash flows from investing activities:    
Acquisition of property and equipment (937) (3,260)
Purchase of investments available for sale (32,747) (14,691)
Proceeds from maturity of investments available for sale 32,515 77,560
Proceeds from sale of investments available for sale 1,950 862
Net cash provided by investing activities 781 60,471
Cash flows from financing activities:    
Repayment of finance lease obligations   (42)
Repurchase of common stock   (4,479)
Repurchase of employee common stock for taxes withheld (4,608) (1,356)
Proceeds from the exercise of stock options 1,405 387
Proceeds from vested restricted and performance stock units 8 2
Net cash used in financing activities (3,195) (5,488)
Effect of exchange rate changes on cash and cash equivalents (152) 972
Increase (decrease) in cash and cash equivalents (4,571) 22,972
Cash and cash equivalents, at beginning of the year 153,150 144,159
Cash and cash equivalents, at end of the period $ 148,579 $ 167,131