|
Condensed Consolidated Statements of Cash Flows (Unaudited) (USD $)
In Thousands, unless otherwise specified
|
6 Months Ended |
|
Jun. 28, 2014
|
Jun. 29, 2013
|
| Statement of Cash Flows [Abstract] |
|
|
| Cash and cash equivalents at beginning of period |
$ 536,260 |
$ 726,357 |
| Cash flows from operating activities: |
|
|
| Net income |
56,333 |
88,038 |
| Adjustments to reconcile net income to net cash provided by operating activities: |
|
|
| Depreciation and amortization |
53,609 |
46,977 |
| Amortization of debt discount and fees |
9,814 |
12,625 |
| Stock-based compensation |
37,941 |
28,921 |
| Gain on investments, net |
(5,128) |
(2,477) |
| Deferred income taxes |
4,778 |
(4,413) |
| Other non-cash items |
3,694 |
433 |
| Changes in operating assets and liabilities, net of effect of acquired businesses: |
|
|
| Receivables |
5,336 |
8,719 |
| Inventories |
(12,266) |
(2,672) |
| Prepaid expenses and other |
(13,602) |
26,516 |
| Other assets |
(1,273) |
(45,274) |
| Accounts payable and accrued liabilities |
(13,550) |
10,023 |
| Deferred revenue |
(23,740) |
(24,359) |
| Other long-term liabilities |
(4,983) |
7,174 |
| Net cash provided by operating activities |
96,963 |
150,231 |
| Cash flows from investing activities: |
|
|
| Purchases of available-for-sale securities |
(77,490) |
(63,705) |
| Proceeds from the sale of available-for-sale securities |
54,601 |
46,857 |
| Proceeds from the maturity of available-for-sale securities |
23,799 |
15,716 |
| Proceeds from the sale of long-term investments |
0 |
6,102 |
| Purchases of property, plant and equipment |
(17,715) |
(23,739) |
| Cash paid in business combinations and asset acquisitions, net of cash acquired |
(163,685) |
(392,139) |
| Net cash used for investing activities |
(180,490) |
(410,908) |
| Cash flows from financing activities: |
|
|
| Proceeds from revolving line of credit |
100,000 |
100,000 |
| Principal payments on receivable financing |
0 |
(2,526) |
| Payment of acquisition-related contingent consideration |
(1,835) |
(582) |
| Tax effect related to employee stock transactions allocated to equity |
2,642 |
7,300 |
| Proceeds from issuance of common stock |
36,482 |
30,227 |
| Stock received for payment of employee taxes on vesting of restricted stock |
(12,292) |
(11,758) |
| Payments for repurchases of common stock |
(25,032) |
0 |
| Net cash provided by financing activities |
99,965 |
122,661 |
| Effect of exchange rate changes on cash and cash equivalents |
4,718 |
(11,108) |
| Increase (decrease) in cash and cash equivalents |
21,156 |
(149,124) |
| Cash and cash equivalents at end of period |
557,416 |
577,233 |
| Supplemental cash flow information: |
|
|
| Cash paid for interest |
4,831 |
6,294 |
| Cash paid for taxes, net |
10,231 |
6,598 |
| Non-cash investing and financing activities: |
|
|
| Stock options assumed in acquisitions |
0 |
529 |
| Available-for-sale securities received from customer |
$ 1,695 |
$ 232 |