v3.26.3
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Oct. 02, 2026
Sep. 26, 2025
Cash flows from operating activities:    
Net income (loss) $ 18,839 $ (62,139)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:    
Depreciation of property, plant, and equipment 6,931 6,312
Amortization of cloud-based software 2,001 304
Non-cash operating lease expense 2,691 2,665
Impairment of fixed assets and operating lease right-of-use assets   14,593
Accretion/Amortization of investments available for sale (502) (55)
Deferred income taxes 2,434 (718)
Change in net pension liability 704 43
Loss on disposal of property and equipment 1 23
Stock-based compensation expense 16,900 21,975
Provision for sales returns and credit losses 665 975
Inventory provision 4,493 3,261
Changes in working capital:    
Accounts receivable (37,133) 18,004
Inventories 6,254 (12,449)
Prepayments, deposits, and other assets 2,269 1,051
Cloud-based software (4,363) (11,064)
Accounts payable 2,414 (7,911)
Other current and non-current liabilities 712 (5,186)
Net cash provided by (used in) operating activities 25,310 (30,316)
Cash flows from investing activities:    
Acquisition of property and equipment (1,872) (4,143)
Purchase of investments available for sale (81,947) (26,464)
Proceeds from maturity of investments available for sale 40,532 92,984
Proceeds from sale of investments available for sale 3,400 3,377
Net cash provided by (used in) investing activities (39,887) 65,754
Cash flows from financing activities:    
Repayment of finance lease obligations   (42)
Repurchase of common stock   (6,461)
Repurchase of employee common stock for taxes withheld (5,931) (1,356)
Proceeds from the exercise of stock options 1,408 3,351
Proceeds from vested restricted and performance stock units 9 3
Net cash used in financing activities (4,514) (4,505)
Effect of exchange rate changes on cash and cash equivalents (449) 1,063
Increase (decrease) in cash and cash equivalents (19,540) 31,996
Cash and cash equivalents, at beginning of the year 153,150 144,159
Cash and cash equivalents, at end of the period $ 133,610 $ 176,155