|
Condensed Consolidated Statements of Cash Flows (Unaudited) (USD $)
In Thousands, unless otherwise specified
|
3 Months Ended |
|
Mar. 30, 2014
|
Mar. 31, 2013
|
| Cash Flows from Operating Activities: |
|
|
| Net loss |
$ (22,495) |
$ (14,435) |
| Adjustments to reconcile net loss to net cash provided by operating activities: |
|
|
| Depreciation and amortization |
26,306 |
20,379 |
| Gain on recovery from impaired investments |
(449) |
(1,200) |
| Benefit from deferred income taxes |
(47) |
(25) |
| Net gain on sale and disposal of property, plant and equipment |
(34) |
(592) |
| Loss on repurchase of 7.875% Senior Notes |
1,137 |
|
| Compensation recognized under employee stock plans |
8,481 |
8,624 |
| Changes in assets and liabilities |
6,480 |
(5,237) |
| Net cash provided by operating activities |
19,379 |
7,514 |
| Cash Flows from Investing Activities: |
|
|
| Proceeds from recovery of impaired investments |
449 |
1,530 |
| Proceeds from sale of property, plant and equipment |
96 |
612 |
| Proceeds from sales and maturities of marketable securities |
8,382 |
28,346 |
| Purchases of property, plant and equipment |
(10,316) |
(12,883) |
| Purchases of marketable securities |
(9,876) |
(24,024) |
| Net cash used for investing activities |
(11,265) |
(6,419) |
| Cash Flows from Financing Activities: |
|
|
| Proceeds from issuance of common stock due to options exercised |
5,341 |
620 |
| Refinancing cost on Term Loan and Revolver |
|
(114) |
| Payments on financing arrangements |
|
(2,064) |
| Repurchase of 7.875% Senior Notes including costs |
(96,319) |
|
| Cash settlement of hedging activities |
|
(268) |
| Net proceeds from sale of Sunnyvale property |
58,908 |
|
| Net cash used for financing activities |
(32,070) |
(1,826) |
| Effect of exchange rate changes on cash and cash equivalents |
360 |
286 |
| Net decrease in cash and cash equivalents |
(23,596) |
(445) |
| Cash and cash equivalents, beginning of period |
286,069 |
262,177 |
| Cash and cash equivalents, end of period |
262,473 |
261,732 |
|
Purchase of Property, Plant and Equipment [Member]
|
|
|
| Non-cash investing and financing activities: |
|
|
| Liabilities recorded for purchases of property, plant and equipment |
$ 11,788 |
$ 7,168 |