|
Condensed Consolidated Statements of Cash Flows (Unaudited) (USD $)
In Thousands, unless otherwise specified
|
9 Months Ended |
|
Sep. 30, 2012
|
Sep. 25, 2011
|
| Cash Flows from Operating Activities: |
|
|
| Net income |
$ 17,516 |
$ 18,955 |
| Adjustments to reconcile net income to net cash provided by operating activities: |
|
|
| Depreciation and amortization |
74,390 |
121,840 |
| Gain on liquidation of auction rate securities |
(1,059) |
0 |
| Provision (benefit) for deferred income taxes |
1,826 |
(603) |
| Net gain on sale of Kuala Lumpur land and building |
(28,434) |
0 |
| Net gain on sale and disposal of property, plant and equipment |
(5,326) |
(2,671) |
| Asset impairment charges |
2,070 |
7,557 |
| Compensation recognized under employee stock plans |
24,176 |
14,220 |
| Amortization of inventory fresh start markup |
|
8,260 |
| Changes in assets and liabilities |
(961) |
(117,967) |
| Net cash provided by operating activities |
84,198 |
49,591 |
| Cash Flows from Investing Activities: |
|
|
| Proceeds from liquidation of auction rate securities |
1,059 |
0 |
| Proceeds from sale of property, plant and equipment |
44,357 |
7,592 |
| Purchases of property, plant and equipment |
(30,753) |
(39,675) |
| Proceeds from maturities of marketable securities |
99,381 |
28,215 |
| Purchases of marketable securities |
(80,135) |
(68,498) |
| Other |
|
581 |
| Net cash provided by (used for) investing activities |
33,909 |
(71,785) |
| Cash Flows from Financing Activities: |
|
|
| Proceeds from issuance of common stock due to options exercised |
1,358 |
5,386 |
| Payments on debt and capital lease obligations |
(30,390) |
(6,828) |
| Acquisition of noncontrolling interest |
(4,024) |
0 |
| Cash settlement on hedging activities |
(799) |
(796) |
| Purchase of bankruptcy claims |
|
(70,987) |
| Net cash used for financing activities |
(33,855) |
(73,225) |
| Effect of exchange rate changes on cash and cash equivalents |
358 |
1,645 |
| Net increase (decrease) in cash and cash equivalents |
84,610 |
(93,774) |
| Cash and cash equivalents, beginning of period |
194,850 |
329,294 |
| Cash and cash equivalents, end of period |
279,460 |
235,520 |
| Non-cash investing and financing activities: |
|
|
| Liabilities recorded for purchases of property, plant and equipment |
$ 7,629 |
$ 9,117 |