|
Condensed Consolidated Statements of Cash Flows (Unaudited) (USD $)
In Thousands, unless otherwise specified
|
6 Months Ended |
|
Jun. 29, 2014
|
Jun. 30, 2013
|
| Cash Flows from Operating Activities: |
|
|
| Net loss |
$ (34,469) |
$ (17,666) |
| Adjustments to reconcile net loss to net cash provided by operating activities: |
|
|
| Depreciation and amortization |
53,256 |
39,269 |
| Gain on recovery of impaired investments |
(906) |
(1,200) |
| Provision (benefit) for deferred income taxes |
(78) |
9 |
| Gain on pension assets |
(2,494) |
|
| Net gain on sale and disposal of property, plant and equipment |
(24) |
(957) |
| Loss on redemption of 7.875% Senior Unsecured Notes |
1,137 |
|
| Compensation recognized under employee stock plans |
15,602 |
16,296 |
| Reserve reversal on final settlement of bankruptcy claims |
(3,205) |
|
| Changes in assets and liabilities |
18,127 |
(20,770) |
| Net cash provided by operating activities |
46,946 |
14,981 |
| Cash Flows from Investing Activities: |
|
|
| Proceeds from recovery of impaired investments |
906 |
1,530 |
| Proceeds from sale of property, plant and equipment |
107 |
934 |
| Purchases of property, plant and equipment |
(22,586) |
(24,712) |
| Proceeds from sales and maturities of marketable securities |
13,008 |
43,073 |
| Purchases of marketable securities |
(23,423) |
(91,104) |
| Net cash used for investing activities |
(31,988) |
(70,279) |
| Cash Flows from Financing Activities: |
|
|
| Proceeds from issuance of common stock due to options exercised |
9,406 |
1,459 |
| Refinancing cost on Term Loan and Revolver |
|
(198) |
| Payments on financing arrangements |
(100,985) |
(2,105) |
| Net proceeds from sale of Sunnyvale property |
58,908 |
|
| Cash settlement on hedging activies |
|
(268) |
| Net cash used for financing activities |
(32,671) |
(1,112) |
| Effect of exchange rate changes on cash and cash equivalents |
574 |
(232) |
| Net decrease in cash and cash equivalents |
(17,139) |
(56,642) |
| Cash and cash equivalents, beginning of period |
286,069 |
262,177 |
| Cash and cash equivalents, end of period |
268,930 |
205,535 |
|
Purchase of Property, Plant and Equipment [Member]
|
|
|
| Non-cash investing and financing activities: |
|
|
| Liabilities recorded for purchases of property, plant and equipment |
$ 17,525 |
$ 11,210 |